Archive | April, 2012

Barclays’ Natural Resources PE Shop Inks Deal with Qatar

Barclays has a unique, long-term relationship with investment entities in Qatar; one of the funds is a major shareholder of Barclays. The Qatar Investment Authority (QIA) is banking on commodities as an attractive asset class. By 2016 or 2017, the QIA expects a supply-demand gap in commodities. Qatar Holding has gradually been increasing ownership in […]

Russia-China Investment Fund Slated for June 2012

According to the press release, “During a meeting held today as part of the China-Russia Investment and Trade Forum, First Deputy Prime Minister of Russia Igor Shuvalov and Executive Vice-Premier of the State Council of China Li Keqiang announced the dates to create the Russia-China Investment Fund and outlined the sectors earmarked for the first […]

New Mexico SIC Commits to Two US Real Estate Funds

The low return environment in fixed income has pumped up demand for core real estate assets. Income producing properties are in major demand for sovereign wealth funds and other long-term public investors. In December 2011, the New Mexico State Investment Council (NMSIC) modified its investment allocation. [ Content protected for Sovereign Wealth Fund Institute Standard […]

OMERS, Japan’s PFA, and Mitsubishi Corp Announce Alliance in Infrastructure Investments

According to the press release, “OMERS, one of Canada’s largest pension plans, is announcing the first close of the Global Strategic Investment Alliance (GSIA) alongside initial alliance members Pension Fund Association (PFA) and a consortium led by Mitsubishi Corporation (MC), both of Japan. “We’re very pleased to be partnering with these sophisticated investors in pursuit […]

EFSF Issue 8 Receives Greater Investment from Sovereign Funds

The European Financial Stability Facility (EFSF) is gaining traction among central banks and sovereign funds outside of Europe again. In the past few EFSF issues, the response in this investor class has been tepid. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Blackrock Plans to Partner with China SWF on China-Focused Fund

China’s sovereign wealth fund, the China Investment Corporation (CIC) is in discussion with Blackrock to launch a joint China-focused investment fund. No exact fund strategy has been detailed to the public. Some possible investment strategies could include a fund that invests in China or invests in companies that would have a tangible effect in China […]

PRESS RELEASE: Sovereign Wealth Fund Institute Establishes the Institute Council of Investors

Monday, April 23, 2012 Contact information: Carl Linaburg Phone:(415) 717-6912 Email: A delegation of global governmental executives involved in investing have come together to join the Institute Council of Investors. Types of council members include: sovereign wealth funds, public pension funds, central banks, government investment authorities and other governmental entities. Initial members include some […]

Possible First US Public Pension to File Chapter 11

Legislators and governments beware; generosity can kill the sustainability of American public pension funds. According to experts, this might be the first US public pension fund to file Chapter 11 bankruptcy protection. Last Tuesday, the Northern Mariana Islands Retirement Fund, Saipan filed for Chapter 11 bankruptcy protection. This is a restructuring of the public pension […]

Qatar SWF Largest Shareholder in Tiffany

Qatar’s sovereign wealth fund now has a significant stake in a US public luxury company. The Qatar Investment Authority (QIA), who owns Harrods, now owns a 5.2% stake in Tiffany through Qatar Holding. Earlier, the QIA made an investment in LVMH for a 1% stake. Luxury goods are an attractive investment, since many emerging economies […]

Majority of US State of Georgia’s Public Pensions Will Be Able to Invest in Alternatives

The State of Georgia Governor Nathan Deal signed the Employees’ Retirement System Enhanced Investment Authority Act. Effective July 1, this act will allow public retirement systems in the State of Georgia to “invest retirement system assets in certain types of alternative investments, private placements, and other private investments.” This is excluding the Georgia Teachers’ Retirement […]

CPPIB to Acquire 49.99% in Grupo Costanera

According to the press release, “the Canada Pension Plan Investment Board (CPPIB) announced today that it has entered into an agreement to acquire significant minority stakes in five major Chilean toll roads from the Atlantia Group. The agreement involves CPPIB acquiring a 49.99% interest in Grupo Costanera. CPPIB will commit an equity investment of 560 […]

Temasek Holdings Buys More ICBC

Temasek Holdings, Singapore’s sovereign wealth fund said it was purchasing US$ 2.3 billion worth of Industrial and Commercial Bank of China’s (ICBC) shares from Goldman Sachs. The amount of shares to be sold is 3.55 billion Hong Kong-listed shares. Temasek Holdings is continually realigning its financial portfolio after announcing plans to sell Indonesian bank Danamon […]

Boeing Awards Direct Contract to Mubadala Aerospace’s Strata Facility

According to the press release, “Boeing and Mubadala Aerospace today announced a 10-year direct contract for Strata Manufacturing, Mubadala Aerospace’s advanced composite aerostructures facility in Al Ain, to produce commercial composite aerostructures for the 777 and 787 Dreamliner. In addition, the companies announced a strategic agreement that positions Strata to be a future supplier of […]

New York Fed Solicits Bids for MAX CDO Holdings in Maiden Lane III LLC

According to the press release, “The New York Fed today announced that it has initiated a competitive bid process in response to several reverse inquiries for the MAX CDO holdings in the Maiden Lane III LLC portfolio (ML III). The New York Fed has directed BlackRock Solutions, the investment manager for ML III, to conduct […]

Benefits of Being Bigger

Being a big asset public investor has its downsides such as having the stress of more money to manage. In addition, it is also a major challenge to find enough feasible investments that can give a substantial positive return within a given level of risk. There are numerous advantages of being a big sovereign wealth […]

Qatar Holding to Acquire Costa Smeralda Properties in Sardinia, Italy

According to the press release, “Qatar Holding announces it has signed a definitive agreement to acquire Smeralda Holding, owner of luxury hotel resorts on Costa Smeralda in Sardinia, from Colony Capital, the US-based real estate investment firm. Under the terms of the agreement, Qatar Holding will acquire a portfolio consisting of four luxury hotels (Cala […]

Despising and Embracing Sovereign Wealth

The sheer size and reach of sovereign wealth funds steered government policymakers’ attention. In 2007, politicians asserted, “how can these governments buy up our prized national assets?” In 2012, the message was “will they buy our bonds now?” The protectionist attitude towards sovereign wealth funds has changed dramatically and it wasn’t because of the Santiago […]

Public Investors Likely to Allocate More to PE than Last Year

Public investors are embracing private equity in 2012. Numerous studies have shown that generally, private equity buyout funds over the past 30 years have performed better than public stocks. Sovereign wealth funds have increased allocation to private markets. Australia’s Future Fund nearly tripled its share of investment in private equity since the global financial crises. […]

Khazanah Nearly Finishes Investment in Turkey Hospital Chain

Malaysia’s Khazanah Nasional Berhad increased its stake in Acibadem Saglik Hizmetleri & Ticaret AS to 97.3% from 92%. Acibadem Saglik Hizmetleri & Ticaret AS is Turkey’s biggest private hospital chain that also operates outpatient clinics, medical centers, and laboratories. Khazanah Nasional Berhad has been a big buyer on healthcare investments in the Islamic world. It […]

Qatar SWF Looks to India for Investments

The Qatar Investment Authority (QIA) is willing to invest US$ 10 billion in India over the next couple of years. India has attracted sovereign wealth dollars, but not nearly at the pace that China has. India’s investment market is complicated and riddled with government investment regulations. Sovereign wealth funds and other foreign institutional investors have […]