Public Pension

USS Buys UK Education Portfolio from Epiris Managers

Universities Superannuation Scheme (USS), through its investment unit, spent £95 million to buy the PINE Unit Trust from Epiris Managers LLP, a London-based private equity fund manager. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Former Howard University CIO Joins Progress Investment Management Company

San Francisco-based Progress Investment Management Company, LLC hired Patricia Gerrick as chief investment officer. Previously, she was Chief Investment Officer at Howard University, watching over a pool of US$ 686 million in assets. Gerrick replaced Alex Hsiao who resigned in May 2017 as CIO of Progress Investment Management. Alex Hsiao had joined Progress Investment Management […]


Church Commissioners for England Rode Global Equities in 2016

The Church Commissioners for England, a London-based endowment, posted an annual return of 17.1% on its investments for 2016, versus the 2015 return of 8.2% and the 2014 return of 14.4%. The endowment grew 12.9% to £7.9 billion in assets at December 31, 2016. At December 31, 2015 the endowment had £7 billion in assets.[ […]


Schroders Expands Menu, Names Head of Global Sales

Asset management giant Schroders Plc named Daniel Imhof as head of global sales. This is a newly-created role and he will report to John Troiano, Global Head of Distribution at Schroders. Imhof comes from UBS Wealth Management where he spent more than two decades and a half there. Imhof was most recently Global Head of […]


UC California Investment Office Attracts APG and TRS Executives

The sizable endowments, pensions and funds managed by the University of California investment office has attracted high-level public-side professionals globally. UC Investment Office CIO Jagdeep Bachher is the former executive of the Alberta Investment Management Corporation (AIMCo), which oversees funds like Alberta’s Heritage Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


OCERS Names Molly Murphy as New CIO

The Orange County Employees’ Retirement System (OCERS) has founded its new chief investment officer (CIO). Molly A. Murphy was chosen as CIO, effective June 23, 2017. Previously, she was CIO at Mercy Health, a US$ 5 billion multi‐state healthcare system based in Cincinnati, Ohio. Before he role as CIO at Mercy Health, she was CIO […]


CPPIB and IndoSpace Forge Joint Venture

The Canada Pension Plan Investment Board (CPPIB) continues to seek out Indian partners to invest in institutional-quality real estate within the sub-continent. Indospace is one of India’s biggest developers in the industrial and logistics real estate sector. CPPIB and IndoSpace formed IndoSpace Core, a joint venture that will focus on acquiring and developing modern logistics […]


canada

bcIMC Poaches AXA IM Real Assets Global CIO

The British Columbia Investment Management Corporation (bcIMC) is beefing up its real asset human resources. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Ivanhoe Cambridge Buys Into Downtown Chicago Property from Metlife

Ivanhoé Cambridge, the real estate unit of Caisse de dépôt et placement du Québec (CDPQ) and Callahan Capital Properties acquired an office building in downtown Chicago for roughly US$ 145 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 9, 2017

Apple is Almost Worth More than Norway’s Sovereign Wealth Fund On April 8, 2017, Apple stock roared, going higher than US$ 153.44 per share, giving the tech company a market capitalization of over US$ 800 billion. In March 2017, Norway’s wealth fund broke the US$ 900 billion barrier, approaching US$ 1 trillion in assets. KIA […]


Home Capital Saga Continues, Spread Effect

The real estate market has been a central driver of Canada’s economic growth, post-oil sands boom. Canadian policymakers are concerned about a negative feedback loop. After a run on deposits, a unit of Home Capital Group Inc. got an expensive loan lifeline, an effective interest rate of 22.5% via its first credit line drawn so […]


CalPERS Board Member Jelincic Disciplined for Violating Confidentiality Rules

The CalPERS Board of Administration, the board of the California Public Employees’ Retirement System (CalPERS), found that J.J. Jelincic violated the retirement system’s board of confidentiality rules. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Institute Fund Summit 2017 Asia – Singapore Slider 11

Nick Samouilhan of Aviva Investors shares the latest trends on asset allocation and investment strategies with the panel. Srikanya Yathip, Deputy General of the Government Pension Fund of Thailand, smiles on. < PREVIOUS 12 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


Institute Fund Summit 2017 Asia – Singapore Slider 3

BNY Mellon’s Eric Chng pitches a curveball question for our panelists. < 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


Mark Burbach to Join Osool Asset Management

Mark Burbach is joining Osool Asset Management as chief investment officer. Osool Asset Management oversees public retirement funds in Bahrain. Burbach has exited his position as Chief Investment Officer of the Blue Sky Group, the fiduciary manager for Dutch airline KLM’s pension funds. Before the Blue Sky Group, he was Chief Investment Officer at Pensioenfonds […]


State Street Global Advisors Beefs Up ETF Team

Increasingly, more fee-conscious institutional investors such as sovereign funds, public pensions and life insurance companies are embracing exchange-traded funds (ETF) to get exposure in certain strategies, countries and industries. Smart beta products, actively-managed ETFs, and other beta indices have attracted these types of strategic public fund allocators. The ETF market is highly competitive. State Street […]


FRESH START: Goodbye to AllianceBernstein’s CEO

In an industry shakeout, money manager AllianceBernstein has struggled as many active asset managers have lost ground to passive strategies such as smart beta and the rapid adoption of exchange-traded funds (ETF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


City of San Jose Pension Funds Struggle

The City of San Jose in California oversees two major pension funds, the San Jose Police & Fire Department Retirement Plan and the San Jose Federated City Employees’ Retirement System. For two continuous years, both plans have produced negative portfolio returns. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


HOOPP Gives Lifeline to Canadian Mortgage Lender

The opportunistic institutional investor Healthcare of Ontario Pension Plan (HOOPP) is taking a calculated bet to provide a structured credit facility to embattled lender Home Trust, a subsidiary of Home Capital Group Inc. Home Trust is a Canadian federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer […]


NYC Comptroller to Seek Majority Board Reset at Wells Fargo

New York City Comptroller Scott M. Stringer, who oversees a number of New York pension funds, plans to oppose the reelection of 10 out of the 15 board directors regarding Wells Fargo. The move would seek to oust Wells Fargo’s non-executive chairman Stephen W. Sanger. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]