Public Pension

SF Retirement System Drops Securities Lending For Now

The San Francisco City & County Employees’ Retirement System (SFERS) is closing down its securities lending program, after a recommendation from the organization’s board of directors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Goldman Sachs AM Hit by $35 Billion in 1Q Net Outflows from Liquid Strategies

According to March-end figures, Goldman Sachs reported US$ 1.373 trillion in assets under management from both Goldman Sachs Asset Management and the firm’s wealth management businesses. Net outflows for the quarter totaled US$ 30 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock Reaches $5.42 Trillion AUM

BlackRock reported net income of US$ 862 million, while reaching US$ 5.42 trillion in assets under management at March 31, 2017. iShares continue to be a key driver of net inflows for BlackRock, US$ 64.5 billion of the US$ 80 billion in net inflows were from this segment. Of those iShares ETFs, there were equity […]


Korean Shipbuilder Gets a Lifeline for Now

Daewoo Shipbuilding & Marine Engineering Co., a mega South Korean shipbuilder, that provides some 50,000 jobs, has about 14.4 trillion KRW in debt and 224.3 billion KRW in cash as of December 2016. The shipbuilder has financially struggled over a series of years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


australia infrastructure

First State Super and Others Enter in Land Title Deal with NSW

In a ground breaking deal, First State Super, Hastings Funds Management and other investors have agreed to pay A$ 2.6 billion to manage New South Wales state’s land registry, Land and Property Information (LPI), for 35 years. This unique transaction permits the investor group to levy fees for property ownership registrations in New South Wales […]


Fiera Capital President Leaves

Sylvain Brosseau, Global President and Chief Operating Officer of Canada-based Fiera Capital Corporation, has resigned from the company. Taking his place in the interim is Jean-Guy Desjardins. Brosseau will continue to be a member of Fiera Capital’s Board of Directors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


U.S. Public Funds Split on Absolute Return Programs

Once a coveted beat by financial journalists in the 2000s, hedge funds have taken a deep step back, as more U.S. pension funds begin to question the usefulness of hedge fund programs. Hedge funds are facing redemptions everywhere. For example, in 2016, hedge fund titan Richard Perry winded up his hedge fund, Perry Capital, after […]


Japan’s Kokkyoren Hires First Transition Managers

Two U.S. investment managers won a transition manager mandate in Japan from a large public fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Institutional Investors Ready for BlackRock’s Big Data Pivot?

BlackRock is the world’s biggest publicly-traded investment manager, overseeing an excess of US$ 5 trillion in assets under management. The behemoth manager runs portfolios and sells products to some of the largest sovereign funds, pensions, endowments and other long-term asset owners. The lucrative days of traditional stock picking, also known as active equity management, for […]


South Korea’s MMAA Promotes Jae-dong Kim to CIO

South Korea’s Military Mutual Aid Association, a soldiers’ welfare savings fund, has promoted Jae-dong Kim as the new chief investment officer. Previously, he was Head of Equity Investments at the organization. Jae-dong Kim is essentially taking over the spot of the now former CIO Sang-ho Lee. [ Content protected for Sovereign Wealth Fund Institute Standard […]


SWFI Institutional Investor Forum 2017 – Scottsdale Slider 3

A truly all-star panel of experienced chief investment officers (CIOs), Bruce Cundick reads off headings in the Sovereign Wealth Quarterly highlighting trends. They soon discuss the merits of direct investment from a public investor standpoint. < PREVIOUS 4 of 20 NEXT > CONTACT INFORMATION Sponsorship Information Carl Linaburg clinaburg(a)swfinstitute.org General Information events(a)swfinstitute.org Membership Information vberretta(a)swfinstitute.org


Follow the Money – Episode 33

On February 21, 2017, Rachel Pether, a host of the podcast, sat down with Kevin Baldwin, Director, Institutional Education & Business Development at the The Options Industry Council and Richard Rosenthal, Director, Business Development, FTSE Russell Indexes, Institutional & International Business Development, CBOE Holdings, Inc. This special episode of Follow the Money Show occurred at […]


CONSAR: Afore Banamex Tops Afore XXI Banorte in Number of Accounts for 2016

According to Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), translated roughly to the National Commission for the Savings System for Retirement, Afore Banamex has supplanted Afore XXI Banorte in terms of number accounts at the end of 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Goldman Sachs Wants to Be the King of Outsourced CIOs

The outsourced chief investment officer (OCIO) industry has grown quickly over the past five years. Both traditional investment consultants, niche boutiques, non-profit companies and asset managers have launched OCIO services. 2015 was the beginning of industry consolidation in world of OCIO, as larger, well-resourced firms devoured smaller boutiques. For example, in April 2015, Goldman Sachs […]


blackstone

What Will Blackstone Do With Aon’s Record-Keeping Business?

Private equity firms are attracted to cash-flowing companies that help large enterprises cut costs. The Blackstone Group has agreed to buy insurance broker Aon’s benefits administration and human resources business process outsourcing (BPO) platform. This deal includes getting Aon’s U.S. defined contribution record-keeping business. The transaction includes a US$ 4.3 billion upfront payment, and upwards […]


SWFI First Read, February 9, 2017

Franklin Resources Brings on AlphaParity Franklin Resources, Inc., which operates as Franklin Templeton Investments, announced that the team from New York-based AlphaParity LLC, a risk premia investment firm, will join its Franklin Templeton Solutions platform. Founded in 2012 by Steve Gross and Joshua Smith, AlphaParity oversees roughly US$ 500 million as of December 31, 2016, […]


CalPERS Continues to Sell Off Private Equity Interests

The California Public Employees’ Retirement System (CalPERS) continues to unwind parts of its massive private equity portfolio. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – February 7, 2017

Executive Shuffle at BlueBay Asset Management Eric Gerth will become the Chief Executive Officer of BlueBay Asset Management LLP effective around May 2017. Previously, he was Global Head of Business Development at BlueBay Asset Management since December 2012. Before BlueBay Asset Management, he was the Chief Executive of Global Business Development at Aviva Investors London […]


Sovereign Funds and Pensions Parking Money in Smart Beta Strategies

Equity-focused sovereign wealth funds understand that smart beta factors have cycles. However, which factors will outperform in 2017? For asset managers and owners, 2016 was a noteworthy year for smart beta strategies in terms of adoption, inflows and product growth. Motivated institutional investors, such as sovereign funds and pensions, are looking to allocate more capital […]


Mega Asset Owners Form Investor Stewardship Initiative

A collective of institutional investors have formed the Investor Stewardship Group to establish a framework of basic standards of investment stewardship and corporate governance for U.S. institutional investor and boardroom conduct. “In markets around the world, there are well-established governance and stewardship codes. The Investor Stewardship Group’s goal is to codify the fundamentals of good […]