Public Pension

SWIB Invests in New Orleans Retail Property

The State of Wisconsin Investment Board (SWIB) is investing in the Big Easy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Staff Changes at Robeco, CIO Leaves

Hans Rademaker is exiting Robeco Groep N.V. as chief investment officer. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


BlackRock NY

CPPIB Attracts BlackRock Quant Executive

While BlackRock realigns its equity management business, some people are beginning to jump ship. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korean Institutional Investors Seek Exposure to Natixis-Originated Loans

Korean institutional investors plan to get more exposure toward infrastructure and aviation debt. Samsung Life Insurance Co., Ltd. and Samsung Asset Management Co. agreed to invest US$ 500 million in infrastructure and aviation debt over a period of five years in loans originated by Natixis S.A. [ Content protected for Sovereign Wealth Fund Institute Standard […]


Why Facebook’s Share Plan Should Alarm Pensions and SWFs

Social networking giant Facebook is seeking to issue a new class of shares in a bid to permit its founder Mark Zuckerberg the ability to maintain greater control. Zuckerberg is keen on creating a new class of stock with no voting rights, a practice that many U.S. pensions frown upon. For example, the California Public […]


ERAFP Names New Head of Manager Selection

The French Public Service Additional Pension Scheme (ERAFP) named Olivier Bonnet as head of asset manager selection starting in May 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS

CalSTRS to Embrace Risk Mitigation Strategies

The California State Teachers’ Retirement System (CalSTRS) is prepping a risk mitigation portfolio, prompting to move some US$ 16 billion toward these strategies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Florida SBA Adopts Smart Beta

The Florida State Board of Administration (SBA) has embraced smart beta, in a bid to slowly move away from capitalization-weighted benchmarks, while looking to lower active management fees. Many large pensions are looking to use factor-based investing to lower manager costs, according to SWFI research. Institutional Investor Profile of Florida’s SBA [ Content protected for […]


SWFI – Movers and Shakers – April 22, 2016

Manning & Napier CEO to Retire for Personal Reasons [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


OTPP Sells ANV to AmTrust

Ontario Teachers’ Pension Plan (OTPP) is selling Lloyd’s insurer ANV Holdings B.V. and its affiliates to AmTrust Financial Services, Inc. for US$ 218.7 million in cash. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wells Fargo AM Hires Former SSgA Executive

Wells Fargo Asset Management hired Kristi Mitchem as president and chief executive officer of Wells Fargo Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


sovereign wealth fund collateral

More Public Pensions Dropping Hedge Funds

A growing number of public institutional investors are questioning the value-add of hedge funds. Frustrated by fees, lack of transparency and more importantly, recent lackluster returns versus lower-cost vehicles, pension plans are trying to rationalize the need to have them included in their portfolios. Even a number of sovereign wealth funds have voiced concerns about […]


BNY Mellon Manhattan

Richard Gill to Head up EMEA Markets Group at BNY Mellon

BNY Mellon named Richard Gill as head of the firm’s markets group in Europe, the Middle East and Africa (EMEA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GPIF Survey Reveals Japanese Companies Prefer Engagement Via Longer-Term View

Japan’s Government Pension Investment Fund (GPIF) held its first survey, reaching out to JPX Nikkei Index 400 companies, on examining the stewardship activities of their external fund managers, especially regarding their engagement with company management in Japan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 5, 2016

CPPIB Names New Co-Investment Head in London Nik Morandi was named as a new London co-investment head for CPPIB. He is a former partner at Pantheon Ventures. Morandi will focus on secondaries and co-investments in Europe. Before Pantheon, Morandi worked on the European M&A team at UBS Investment Bank. Bank of Korea’s Foreign Reserves Grow […]


australia infrastructure

Who are the Largest Custodians in Australia?

The Australian Custodial Services Association states that custodial assets for Australian investors grew by 4.9% in the second part of 2015. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


state street

State Street Buys GE Asset Management

In a trend of more asset managers consolidating, State Street Corporation has agreed to buy GE Asset Management for up to US$ 485 million. The transaction is expected to close in the third quarter of 2016. General Electric (GE) is being represented in this transaction by Credit Suisse. [ Content protected for Sovereign Wealth Fund […]


More Midsized Public Funds Migrate Bond Money In-House

Besides the larger asset owners such as CPPIB and other major sovereign funds, a number of middle tier-sized pensions are migrating more fixed income assets in-house, in a bid to save money on costs. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 26, 2016

Caisse des Dépôts Buys Stake in Aalto Power France’s Caisse des Dépôts purchased a 49% interest in Aalto Power SAS, an onshore wind company, from InfraVia Capital Partners. Aalto Power owns a nine wind farms in France.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


As Markets Roil, CalPERS Fixed Income Exposure Increased

The California Public Employees’ Retirement System (CalPERS) weathered through the tough months of December and January. According to asset allocation data, CalPERS seems to have augmented its weighting in fixed income assets, at the same time, the proportional weight in listed equities has decreased to 51.9% from 54.6% of total assets. CalPERS proportional allocation to […]