SHOE DROPS: GM Faces Suit on Alleged Diesel Emissions Cheating

Car manufacturers are under the sword from law firms and regulatory agencies when it comes to diesel nitrogen oxide emissions testing. Nissan, Subaru, Fiat Chrysler, Daimler AG, have all been accused or sued for using methods to dodge emission rules. The first casualty of stemming from the scandals was Volkswagen, which paid a heavy price […]

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Norway’s Sovereign Wealth Fund to Await Climate Change Research Results from NY Universities

The Norwegian Finance Initiative (NFI) has awarded two research grants for two separate research projects at Columbia University and New York University. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Some Senators Have National Security Concerns on Foreign Property Investors

Increasingly, sovereign funds, pensions, family offices, state-owned conglomerates, insurance companies and high-net worth individuals from abroad are gradually spending more money into U.S. real estate. Wealth funds have ramped up operations, having invested in properties such as Hudson Yards, the Empire State Building (indirectly) and the Chrysler Tower. The China Investment Corporation (CIC) officially opened […]

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Intesa Sanpaolo Moves to Syndicate Rosfnet Stake Acquisition Loan

Italian bank Intesa Sanpaolo initiated moves to syndicate a loan it provided to Glencore and Qatar Holding, a SWE of the Qatar Investment Authority (QIA), regarding their acquisition of a 19.5% stake in Rosneft. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Follow the Money – Episode 38

Rachel and I discuss the SoftBank Vision Fund, Saudi Arabia, the Middle East and sovereign wealth funds in this episode of Follow the Money. Rachel gives her opinion on the Blackstone infrastructure fund. This podcast was recorded on May 24, 2017. Download the Episode CONTENTS 1:05 Chatting about Saudi Arabia, SoftBank Group and Sovereign Wealth […]

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bcIMC Sells 5% Stake in Spain’s CLH to APG

APG Infrastructure, a unit of APG Asset Management, purchased a 5% stake in Compañía Logística de Hidrocarburos SA (CLH) from bcIMC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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OMERS Backs Canadian ETF Provider

OMERS Platform Investments, a unit of OMERS, is buying a minority equity interest in Toronto-based Purpose Investments Inc., an asset management firm with over US$ 3.3 billion in assets under management. Purpose Investments is an exchange traded funds (ETF) provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]

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  • OMERS Backs Canadian ETF Provider

    OMERS Platform Investments, a unit of OMERS, is buying a minority equity interest in Toronto-based Purpose Investments Inc., an...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    Australia’s Future Fund Has Benchmark Return Modified

    In a document titled, Future Fund Investment Mandate Direction 2017, the Australian government’s mandate for its Future Fund has changed. The benchmark return was modified to an average over the long-term consumer price index (CPI) to +4% per annum to 5% per annum. This means the sovereign fund’s target mandate was lowered; the Future Fund […]


    SWFI First Read, May 25, 2017

    UBS Wins Big Global Smart Beta Mandate from a U.S. State Pension The Iowa Public Employees’ Retirement System awarded a global smart beta equity manager mandate to UBS Asset Management. The contract is pending final negotiations. The allocation is 3% of the total pension’s portfolio, which has around US$ 28.5 billion in assets. Khazanah Nasional […]


    Northern Trust Anchors Key Office in Abu Dhabi

    Custodial giant Northern Trust has expanded operations in the United Arab Emirates by opening a branch office in Abu Dhabi Global Market (ADGM), a designated financial center in Abu Dhabi. In 2008, Northern Trust had opened a representative office in Abu Dhabi. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


    PIF Managing Director Nominated to SoftBank Board

    Yasir O. Al-Rumayyan heads Saudi Arabia’s Public Investment Fund (PIF), which is a major backer of the SoftBank Vision Fund. Al-Rumayyan was nominated to the board of Japan-based SoftBank Group, along with Mark Schwartz, a Senior Director at Goldman Sachs. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


    In the World of Offshore Peruvian Natural Gas, CNPC to Bet Big on Block 58

    China National Petroleum Corporation (CNPC), a state-owned oil giant, announced plans to invest US$ 2 billion in an oil and gas block located in Southern Peru. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    China Life Finances ElmTree US Portfolio with $950 Million Recap

    For quite some time, China Life Insurance Group, the largest financial insurance corporation in China, has signaled a desire to invest in overseas fixed income investments. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    private equity

    Temasek Holdings Participates in Notable Blockchain Investment

    At the Consensus 2017 Conference in New York, Chairman and CEO of Fidelity Investments Abby Johnson made a strong case for the adoption of blockchain technology. Forces on both the buyside and sellside are taking a liking to blockchain initiatives. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


    Norway’s SWF Portfolio Net Rental Income Could Reach $1 Billion by 2018

    Norway’s Government Pension Fund Global (GPFG) is active in the world of institutional real estate. The wealth fund generated US$ 886.46 million worth of net rental income in 2016 versus US$ 124.38 million in 2012. For those new to institutional real estate, net rental income is the income remaining after subtracting qualified expenses from the […]


    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. ]


    ISIF Finalizes Commitment in Reverence Capital Partners Opportunities Fund

    The Ireland Strategic Investment Fund (ISIF) finalized a €50 million investment in Reverence Capital Partners Opportunities Fund I L.P., a fund focused on investing in global, middle-market, financial services companies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    KIA Speaks Up on FY 2016 Returns

    The Kuwait Investment Authority (KIA) announced that recent press saying the fund lost US$ 6 billion for 2016 was untrue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Italy’s ANAS to Participate in M-4 Don Highway Project

    On May 17, 2017, the Russian Direct Investment (RDIF), ANAS S.p.A. (National Autonomous Roads Corporation) and Avtodor State Company announced the formation of a consortium targeting Russian highway infrastructure development and road management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    ESTIMATE – Sovereign Funds Experienced $16.6 Billion in Net Losses from GFC Bank Bailouts

    Was it worth it? For a select group of sovereign funds the consensus answer is clearly “no” from a financial standpoint regarding tens of billions spent on bailing out financial institutions during the global financial crisis (GFC). Many of these institutional investors had incurred losses from these lifeline investments. SWFI estimates that US$ 56.48 billion […]


    Hello Windows, In-Q-Tel Invests in Cloud Platform Frame

    Cloud workspace platform Frame, a San Mateo-based company, raised US$ 16 million from a number of investors including In-Q-Tel, Microsoft Ventures, Columbus Nova Technology Partners and Bain Capital Ventures. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, May 23, 2017

    Ping An Insurance Leads Series A in Huya China Ping An Insurance Overseas (Holdings) Ltd., a unit of Ping An Insurance, led a US$ 75 million Series A round in Huya. Huya is a live-video streaming platform owned by YY Inc, a Chinese listed social networking platform. Other investors in the round include Engage Capital, […]


    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 […]


    Follow the Money – Episode 37

    Here is a short Follow the Money Show episode after a long-hiatus. This podcast was recorded on May 17, 2017. Download the Episode CONTENTS 1:15 GIC Selling Off its UBS Stake 3:30 Norway’s Sovereign Fund Expands Regent Street Partnership 4:50 One-Belt One-Road, Silk Road Fund Gets More Funding Follow the Money Show is available on […]


    CIC Officially Opens New York Office

    On May 19, 2017, the China Investment Corporation (CIC) officially opened its New York representative office. The office is at 350 Park Avenue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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