Public Pension

Nationwide Promotes Chris Graham to CIO

Insurer Nationwide promoted Chris Graham to chief investment officer and head of investment strategies. This is a new role. He spent around 11 years as a portfolio manager at Nationwide in the area of alternative investments. Graham will report to Mike Spangler, President of Nationwide Funds. Before Graham joined Nationwide, he was a private wealth […]


SWFI First Read, June 29, 2016

OPPORTUNISTIC: GIC Looks at Manufactured Homes Singapore’s GIC Private Limited is in negotiations to acquire Denver-based Yes Communities, an owner of manufactured-housing communities. The seller is Stockbridge Capital Group and the deal may value Yes Communities at more than US$ 2 billion. Yes Communities oversees and manages 178 communities in the United States. NTAM Hires […]


Toshiba Sued Indirectly by Japan’s GPIF

Japan’s Government Pension Investment Fund (GPIF) has sued Toshiba Corporation for ¥964 million (US$ 9.2 million), seeking damages regarding an accounting scandal that impacted Toshiba’s share price. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


How Asset Owners Can Achieve Greatness

Global asset owners, such as the CPPIBs and ADIAs of the world, have increasingly built up their internal resources, while allocating more capital toward illiquid assets. Sovereign funds and other massive pensions often use their balance sheet as tools to generate outsized returns by harvesting the illiquidity premium. However, questions loom: How can asset owners […]


Niklas Ekvall Appointed New CEO of AP4

The Board of the Fourth Swedish National Pension Fund (AP4) has named Niklas Ekvall as the new CEO of AP4. He will replace Mats Andersson as CEO of AP4 as of October 1, 2016. Mats Andersson will officially exit his CEO role on July 12, 2016. Per Colleen, Head of Equities at AP4, will act […]


CalPERS Names Douglas Hoffner Interim CEO

The California Public Employees’ Retirement System (CalPERS) has decided on an interim chief executive officer (CEO), as Anne Stausboll effectively retires on July 1, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


HSBC to Settle 14-Yr Old Mortgage-Related Lawsuit

HSBC Holdings Plc agreed to settle a massive 14-year old shareholder lawsuit, coughing up US$ 1.575 billion; it is the largest ever recovery following a securities fraud class action trial. Robbins Geller Rudman & Dowd LLP was the lead counsel for the plaintiffs. The settlement is subject to court approval. [ Content protected for Sovereign […]


state street

HK Securities Regulator Fines State Street Global Advisors

On June 15th, 2016, the Hong Kong Securities and Futures Commission, commonly known as SFC, reprimanded and fined State Street Global Advisors Asia Ltd. (SSgA) HK$ 4 million. The fine was for a number of alleged failures relating to SSgA’s Tracker Fund of Hong Kong or TraHK, a famous unit trust. The concept of the […]


CDPQ Purchases 44% Stake in Greenstone

Formed in 2007, Sydney-based Greenstone Limited specializes in the design, marketing, distribution and administration of personal insurance products. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brisbane

QSuper Gets Into the Insurance Industry

Queensland’s largest superannuation fund, QSuper, formed a wholly-owned insurance company called QInsure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ATP Has a New CIO, Jepsen at Danske Bank

Denmark’s ATP has experienced a major shift in its top investment spot. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


former calpers ceo

Ex-CalPERS CEO Gets 4.5 Years in Prison in Bribery Scheme

Federico (Fred) R. Buenrostro, a former CEO of the California Public Employees’ Retirement System (CalPERS), was sentenced to four years and six months in prison. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB Gets Mini Exposure to Romanian Real Estate

London-based Cairn Capital, a credit asset management, advisory and securities restructuring firm established in 2004, through its newly formed European Commercial Mortgage Fund, and Canada Pension Plan Investment Board (CPPIB), through its wholly owned subsidiary, CPPIB Credit Investments Inc., announced they have signed a commitment to purchase a €180 million bond secured on properties owned […]


OMERS and PointNorth Partner to Target Troubled Firms

Toronto-based Oxford Park Group announced the formation of PointNorth Capital Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korea’s NPS Names Hedge FoF Finalists

Demand for hedge funds is showing signs of life on the Korean peninsula. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalPERS: Competing Against SWFs and Pensions for Properties

Real estate consulting firm Courtland Partners pitched their services to California Public Employees’ Retirement System (CalPERS) to displace the incumbent Pension Consulting Alliance (PCA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mark Wiseman

CPPIB Wiseman Goes to BlackRock, Machin Becomes CEO of CPPIB

Mark Wiseman, the current President & Chief Executive Officer of Canada Pension Plan Investment Board (CPPIB) has accepted a job at BlackRock to become incoming senior managing director and a member of the Global Executive Committee (GEC). Wiseman will become Head of BlackRock’s Global Active Equity business and will become Chairman of the BlackRock Global […]


CalPERS Details INVO 2020 Plan

The California Public Employees’ Retirement System (CalPERS) is in the midst of preparing itself for rough investment waters ahead. Post-global financial crisis, the pension giant who has almost insurmountable liabilities at the moment, conducted an examination of what worked and what didn’t. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Harvard

CHANGE: Harvard Endowment Cuts Eight Positions in Public Equity

Harvard Management Company (HMC), the manager of Harvard University’s massive endowment, announced the cutting of eight positions in the public equities trading unit. HMC struggles performance-wise and is consistently lagging behind a number of its peers (Yale, MIT, Stanford and Princeton) in investment performance for fiscal year 2015. Sometimes higher salaries per endowment executive and […]


CalSTRS

PROGRESSION: CalSTRS to Manage More Equity Assets Internally

Increasingly, large U.S. asset owners are running more index, passive portfolios in-house. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]