Archive | May, 2012

CPPIB Buys $200 Million Stake in Seven Generations Energy

The Canada Pension Plan Investment Board (CPPIB) invested $200 million in Seven Generations Energy Ltd. Founded in 2008, Seven Generations Energy Ltd. is a private oil and gas company focused on resource plays in North America, including shale gas, tight gas, tight oil and oil sands. The firm is in the beginning stages of developing […]

Qatar Holding to be a Cornerstone Investor in Malaysian Firm IPO

Since the start of 2012, a number of initial public offerings have sprouted out of Southeast Asia. Qatar Holding LLC, a sovereign wealth enterprise of the Qatar Investment Authority (QIA) agreed to be an investor in the planned $3 billion listing of Felda Global Ventures Holdings Bhd. Qatar Holding plans to be one of the […]

Slovenia to Consolidate State-Owned Assets into Proposed SWF

Slovenia is planning to consolidate state-owned assets into a sovereign wealth fund. By merging the different agencies, Slovenia hopes to enhance revenue and improve organizational efficiency. The five agencies manage assets of more than €10 billion. Over time, the Government of Slovenia will decide which assets to dispose of. The proposed sovereign fund’s profits will […]

Alaska Permanent Fund Looks at Foreclosed Homes

The Alaska Permanent Fund Corporation (APFC) is keen on allocating capital to purchase homes in distressed single-family housing markets outside of Alaska. The allocation could be up to US$ 400 million, which is around 1% of total fund assets. It would be under the special opportunities allocation rather than real estate. The basic investment premise […]

SWFs to External Managers, Not Just About Performance

Bottom line, if a fund manager is not performing in the long-run, meaning losing money or failing to at least meet the benchmark, there is a good chance the mandate will be terminated. Performance is usually the number one factor of how external managers are rated among public investors. It is hard to sell a […]

A Future Kenyan Strategic Development Sovereign Wealth Fund

Policymakers in Kenya are in discussions in creating a sovereign wealth fund (SWF). Currently, state-owned enterprise (SOE) profits are paid into the treasury or to the Kenyan Ministry of Finance as a dividend to the government. Kenya plans to use profits from state-owned enterprises to fund a sovereign wealth fund. This strategic development sovereign wealth […]

New Jersey Division of Investment Increases Alternatives Target

The New Jersey Division of Investment manages public pension money. The US$ 72.4 billion fund has increased its allocation to alternatives from 26% to 29.7% which will take effect on July 1, 2012. The State Investment Council endorsed the allocation on Thursday. New Targets for Alternatives Hedge Funds 10% to 12.5% Private Equity 7% to […]

Recognition of Strategic Development Factors for Sovereign Funds

A clear majority of sovereign wealth funds are keenly interested in selecting assets based on risk-adjusted investment returns. The purely financial sovereign fund investor ignores strategic development as a factor. It is true that some SWFs have a strategic development nature or use strategic development as a possible reason when making a larger than usual […]

Blackrock, Norges Bank, and Waddell and Read Invest in Formula 1

In 2006, CVC Capital Partners became the controlling shareholder of Formula 1. Today they announced Waddell & Reed, Norges Bank Investment Management and BlackRock combined have invested US$ 1.6 billion in cash for equity interests in Formula 1. In the aggregate, they own 21% of Formula 1.

Sovereign Investors and the Shifting Paradigm of Disintermediation

Sovereign wealth funds and other long-term public investors are relying less on Wall Street and other major financial institutions for unique deals, special situations, and now even treasury auctions. The People’s Bank of China can participate in treasury auctions without placing bids through primary dealers. Financial power is shifting from the West to the East […]

Public Release – 1Q 2012 Linaburg-Maduell Transparency Index Ratings

The first quarter results for 2012 on sovereign wealth fund transparency have now been released to the public. We have included the Fundo Soberano do Brasil (FSB) into the transparency index. The FSB rates a 9. Click on the index image to increase size. Read more Linaburg-Maduell Transparency Index

New Zealand Superannuation Fund Makes Local Investment in Honey Company

The New Zealand Superannuation Fund (NZSF), through New Zealand-based Waterman Capital, has invested in a 20% stake in Manuka Health New Zealand Ltd., a natural health products company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Singapore Sovereign Wealth Fund Hires Patton Boggs

Singapore sovereign wealth funds are increasingly stepping up cross-border transactions in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Central Bank of Turkey Signs MoU with Bank Negara Malaysia

The press release states, “a Memorandum of Understanding (MoU) has been signed between the Central Bank of the Republic of Turkey and the Bank Negara Malaysia today in Istanbul, Turkey by Dr. Erdem Basci, Governor of the Central Bank of the Republic of Turkey and Dr. Zeti Akhtar Aziz, Governor of the Bank Negara Malaysia. […]

Available Now Sovereign Wealth Fund Asset Allocation 2012

Maintaining intelligence on sovereign wealth fund asset allocation is essential for all public investors, fund managers, firms seeking capital, investment advisors, institutional real estate professionals, institutional investors, placement agents, law firms, consultants and other investment professionals. Our dedicated team of research analysts has contacted funds, governments, fund managers, and other industry professionals from around the […]

Infrastructure Consortium Purchases EON Gas Grid in Germany

High quality core infrastructure in developed markets is in high demand for institutional investors. Macquarie Group Ltd and a group of investors agreed to pay €3.2 billion ($4.07 billion) to E.ON AG for a network of natural-gas pipelines in Germany. The consortium will receive a stake in Germany’s largest gas-transmission grid called Open Grid Europe […]

CalPERS and GI Partners Launch $500 Million Fund to Buy Technology Advantaged Core Real Estate

According to the press release, “The California Public Employees’ Retirement System (CalPERS) announced today the launch of TechCore, LLC, a $500 million core real estate fund established with its real estate partner GI Partners to invest in technology advantaged properties in the United States. The new fund, led by the Menlo Park, California-based GI Partners, […]

Politicians Mulling Temasek-Style Hong Kong SWF

There is talk among politicians that Hong Kong is thinking of creating a sovereign wealth fund that is a strategic sovereign wealth fund similar to Singapore’s Temasek Holdings. The fund could assist in bringing stability to the Hong Kong market and help with the government’s long-term investment plans. Sovereign funding could stem from government budget […]

Public Pensions Want Farmland Too

Agricultural lands in some American states are at near highs due to a rising global demand of food. TIAA-CREF, a U.S. based financial services group, is partnering with European and Canadian institutional investors to create a $2 billion global farmland investing company. Public investors want exposure to agriculture and to the global food chain. The […]

Investment Corporation of Dubai and Samsung Life Insurance Create MoU

Under the direction of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Investment Corporation of Dubai (ICD), a sovereign wealth fund owned by the Government of Dubai, signed a memorandum of understanding (MoU) with Samsung Life Insurance. Samsung Life Insurance is a South Korean-listed life insurer and part of the […]