2Q LMTI Transparency Index Released

SWFI research has released the Second Quarter 2017 of the Linaburg-Maduell Transparency Index (LMTI). NOTES The Texas Permanent University Fund was added with an initial score of 9. The North Dakota Legacy Fund was added with an initial score of 8. The Russian Direct Investment Fund was added with an initial score of 7. Coverage […]

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Khazanah Nasional Sells Small Block of CIMB Group Shares

Khazanah Nasional Berhad added some liquidity to its massive company portfolio, selling off shares in a block deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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ANTI-DESPACITO: SoftBank Vision Fund Backing AI and Farming Startup Plenty

The SoftBank Vision Fund continues to back just about every major startup in the AI space. The fund recently backed San Diego-based Brain Corporation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SOFAZ Swaps $1 Billion in Debt for 7-Year IBA Bond

Creditors holding 93.9% of the affected credits of the International Bank of Azerbaijan (IBA) have approved of a US$ 3.3 billion restructuring plan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, July 20, 2017

Path to an Indian National Oil Champion India-owned Oil and Natural Gas Corporation Limited (ONGC) got a green light to acquire a 51.1% stake in state-owned refiner Hindustan Petroleum Corporation from the Indian government. The ownership stake is valued at US$ 4.6 billion based on a recent market valuation of Hindustan Petroleum Corporation. Alpha Investment […]

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SoftBank Vision Fund Leads Series C in Brain Corporation

San Diego-based Brain Corporation, a artificial intelligence (AI) startup focused on self-driving technologies, raised US$ 114 million in a Series C round. The Series C round was led by the SoftBank Vision Fund. Other investors in the round include Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures was Brain’s first institutional investor. The […]

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OTPP Acquires Memora from 3i Group

The Ontario Teachers’ Pension Plan (OTPP) is building a platform of European funeral businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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  • CalPERS Reports Preliminary 11.2% Return For FY 2016-17

    The California Public Employees’ Retirement System (CalPERS) reported a preliminary annual return of 11.2% for its latest fiscal year...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    West Yorkshire Pension Fund Invests in New Manchester Office Property

    Institutional investors are picking up recycled U.K. office developments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    oil

    ADNOC Takes Steps for Potential Restructuring

    The Abu Dhabi National Oil Company (ADNOC), a government-owned oil company, is looking to have an initial public offering (IPO) of its service stations unit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    CalPERS CIO Dreams of Going Direct

    The California Public Employees’ Retirement System (CalPERS), surpassing US$ 300 billion in assets, is contemplating going direct. Essentially, CalPERS is seeing its peers such as Canadian pensions and sovereign funds saving money and directly investing into companies without the fingerprints of private equity handlers. CalPERS CIO Theodore Eliopoulos at a board retreat in Monterey, California, […]


    SWFI First Read, July 18, 2017

    Northern Trust Names Potter to Vice Chairman, Shundrawn A. Thomas to Lead NTAM Northern Trust Corporation moved Stephen N. Potter, President of Northern Trust Asset Management, to become vice chairman. Taking over as President of Northern Trust Asset Management is Shundrawn A. Thomas. Shundrawn A. Thomas is currently Head of Funds and Managed Accounts Group […]


    BNY Mellon Manhattan

    BNY Mellon Names Charles W. Scharf as CEO

    Bank of New York Mellon Corporation hired Charles W. Scharf as its new chief executive officer. Scharf is joining immediately and will become chairman of the bank effective January 1, 2018. Gerald L. Hassell will continue to serve as chairman until his retirement at the end of December. Hassell has served as BNY Mellon’s CEO […]


    Frankfurt Real Estate

    Sovereign Funds Mandated to Greater Disclosure When Acquiring European Assets

    As sovereign funds conduct more direct investments across continental Europe, regulators are requiring a higher level of transparency and insight into their operations. Sovereign wealth funds will have to provide more information to proper authorities when buying a significant control position in European companies or assets. Wealth funds will have to detail their investment policies […]


    iShares Keeps BlackRock Growing

    Goliath-manager BlackRock posted its latest quarterly results, revealing a 5% rise in assets under management (AUM). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    NSSF

    Desktop Metal Raises Series D, Sovereign Funds Participate

    Google-backed startup, Desktop Metal, Inc., has just raised US$ 115 million in a Series D round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Norway Sovereign Fund Buys Axel Springer Berlin Office Development

    On July 14, 2017, Norges Bank Real Estate Management acquired a 100% interest in the new building Axel-Springer-Neubau, which is currently under construction in Berlin. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    NZ Super Studying Potential Māori Co-Investment Fund

    A potential fund could be formed to see Māori organizations partner to invest in New Zealand businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    tibbles

    SWFI First Read, July 16, 2017

    Verizon Communications Plans Massive New Corporate Campus Project in Las Colinas Verizon Communications revealed plans to construct a massive new 110-acre corporate campus in Las Colinas, an upscale suburb of Irving, Texas. The mixed-use development is called Hidden Ridge and is being developed by KDC. Korea Development Bank Plans to Invest in the Haikou International […]


    Largest Oncor Parent Creditor Seeks to Block Warren Buffett

    Paul Singer’s Elliott Management Corporation, an activist hedge fund, is looking to challenge Warren Buffett’s bid on Oncor Electric Delivery Company, LLC (Oncor), a regulated transmission and distribution business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    OMERS and Ontario Teachers Sell High Speed 1

    Borealis Infrastructure (Borealis), the infrastructure investment manager of OMERS, and Ontario Teachers’ Pension Plan (Ontario Teachers) inked a deal to sell High Speed 1 (HS1) to an investor group comprised of InfraRed Capital Partners Limited (on behalf of investors) and Equitix Investment Management Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


    Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate

    Ivanhoé Cambridge, the real estate unit of CDPQ, finalized the acquisition of Evergreen Industrial Properties from TPG Real Estate, part of TPG. Evergreen Industrial Properties owns and operates a portfolio of more than 150 properties, comprising approximately 16 million square feet across 18 major markets. These markets include cities such as Dallas, Seattle, Charlotte and […]


    CPPIB Buys 50% Stake in Milton Park from Hermes Investment Management

    Home to over 9,000 people and 250 organizations, Milton Park is in the Thames Valley region of the United Kingdom. Milton Park is a large business park that is managed by its developer MEPC Limited. Hermes Investment Management (Hermes) sold a 50% equity ownership stake in Milton Park to the Canada Pension Plan Investment Board […]


    CalPERS Reports Preliminary 11.2% Return For FY 2016-17

    The California Public Employees’ Retirement System (CalPERS) reported a preliminary annual return of 11.2% for its latest fiscal year ended June 30, 2017. CalPERS beat last fiscal year’s return of 0.61%. Listed equities for the latest reported fiscal year reported a return of 19.7%, an asset class that benefited from the late 2016 rally. In […]


    SWFI First Read, July 14, 2017

    ADNOC Explores Opening up Service Stations Unit The Abu Dhabi National Oil Company (ADNOC), a government-owned oil company, is looking to have an initial public offering (IPO) of its service stations unit. ADNOC considering all options for the service stations unit, including not having an IPO. ADNOC’s service station distribution includes an excess of 300 […]


    SWFI – Movers and Shakers – July 14, 2017

    Jerry Albright Takes CIO Helm at TRS Jerry Albright, the Deputy CIO of the Teacher’s Retirement System of Texas (TRS), was promoted to CIO following the departure of Britt Harris to UTIMCO. Fidelity Investments to Layoff Hundreds, Rejigs Fidelity Investments boasts more than 44,000 employees. The money manager is laying off hundreds of employees (news […]


    ABP to Acquire 48 Assets from Dutch Infrastructure Fund

    The Dutch giant Stichting Pensioenfonds ABP, which outsources its money management to APG Investment Management, acquired 48 projects from Schiphol-based Dutch Infrastructure Fund B.V. (DIF) in a €700 million transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Brazilian SWF Sells 12.7 Million Shares of Banco do Brasil

    In May 2017, the Brazilian government announced its sovereign fund would be selling shares of Banco do Brasil SA, a state-owned bank, over the next 24 months to shore up resources. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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