SHOE DROPS: GM Faces Suit on Alleged Diesel Emissions Cheating
Norway’s Sovereign Wealth Fund to Await Climate Change Research Results from NY Universities
Some Senators Have National Security Concerns on Foreign Property Investors
Intesa Sanpaolo Moves to Syndicate Rosfnet Stake Acquisition Loan
Follow the Money – Episode 38
bcIMC Sells 5% Stake in Spain’s CLH to APG
OMERS Backs Canadian ETF Provider
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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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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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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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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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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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 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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Asset Allocation, People and Policy |
Deals, Transactions and Joint Ventures |
Hedge Funds, Private Equity and Venture Capital |
Real Assets - Real Estate and Infrastructure |
Resources | Central Banks | Legal |
 Norway’s Sovereign Wealth Fund to Await Climate Change Research Results from NY UniversitiesThe Norwegian Finance Initiative (NFI) has awarded two research grants for two separate research projects at Columbia University and... |
 SWFI First Read, May 13, 2017Standard & Poor’s Lowers Oman Credit Rating to Junk Standard & Poor’s, one of the major ratings agencies, chopped... |
 SHOE DROPS: GM Faces Suit on Alleged Diesel Emissions CheatingCar manufacturers are under the sword from law firms and regulatory agencies when it comes to diesel nitrogen oxide... |
 OMERS Backs Canadian ETF ProviderOMERS Platform Investments, a unit of OMERS, is buying a minority equity interest in Toronto-based Purpose Investments Inc., an... |
PARTNER CONTENT AND RESEARCHResearch and commentary from leading asset managers, organizations and service providers. Goal Group The U.S. vs The Rest: Litigation Funding’s Local Characteristics The Wharton School Avoiding the Pitfalls: Invest in Skills for Deal Evaluation The Wharton School Sovereign Wealth Funds: Investing Directly and Creating Value Goal Group Is Your Purchase or Sale of Securities Covered Under U.S. Law? MORE CONTENT |
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 […]
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 […]
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 […]
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 […]
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. ]
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. ]
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 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 […]
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. ]
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. ]
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. ]
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. ]
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 […]
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. ]
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, […]
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 […]
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.[ […]
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 […]
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 […]
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. ]
