Archive | July, 2013

Renowned Speaker Mark Jeffries Slated to MC the Institute Fund Summit 2013 Europe

The Sovereign Wealth Fund Institute will be hosting the Institute Fund Summit 2013 Europe at the Jumeirah Hotel in Frankfurt, October 29-31, 2013. The summit will host a number of prominent speakers including central bank governors, fund executives and industry experts. Renowned speaker Mark Jeffries is slated to MC the VIP summit. To learn more […]

Norway’s SWF Approved by Euro Commission to Buy Paris Properties

Norway’s sovereign wealth fund under their subsidiary NBIM Clement SCI has been approved by the European Commission to acquire 50% of French developer SCI Pasquier. Currently, SCI Pasquier is solely owned by Assicurazioni Generali S.p.A which is part of the Italian insurer Generali Group. Generali will maintain 50% ownership in the properties. The sovereign wealth […]

CPPIB Agrees to Buy Stake in Aliansce Shopping Centers

The Canada Pension Plan Investment Board (CPPIB), along with other Canadian public investors sees opportunity investing in Brazilian properties. The CPPIB agreed to purchase a 27.6% stake in Aliansce Shopping Centers S.A. for US$ 480 million from General Growth Properties. Rio de Janeiro-based Aliansce Shopping Centers S.A. is a publicly-traded real estate operating company in […]

Khazanah SWE to Acquire 90% of Acibadem Sigorta

Avicennia Capital Sdn Bhd, a sovereign wealth enterprise (SWE) of Khazanah Nasional Berhad, has entered into an agreement to acquire a 90% stake in Acıbadem Sağlık ve Hayat Sigorta A.Ş, a large Turkish provider of health insurance services. The purchase price for the majority stake is US$ 252 million. Khazanah has been interested in healthcare […]

OTPP Finances Deal to Assist Saks Purchase

Large Canadian public investors continue to be alternate sources of financing for company takeovers. The Ontario Teachers’ Pension Plan (OTPP) will provide US$ 500 million of funding to support Toronto-based Hudson’s Bay Company purchase of Saks, an iconic American luxury retailer. Hudson’s Bay Company is buying Saks for US$ 2.9 billion including debt. Months ago, […]

PGGM Stuck in Mexican Wind Farm Mess

Initially everything lined up perfectly – the largest Latin America renewable project with backing from Mexican institutional investors, project financing from Inter-American Development Bank & other institutions and partnering with international conglomerates. Netherlands-based PGGM is in a quagmire – their 396-megawatt wind farm project is not looking so great. PGGM has a 33% stake in […]

Russia May Tap National Welfare Fund for Stimulus

According to the Russian Federal Statistics Office, the Russian economy grew by 1.6% in the first quarter of 2013. Steep output drops of natural resources such as oil and gas played a pivotal role negatively affecting economic growth. The low figure has stimulated policy debates in Moscow in how the country can boost demand and […]

Big News Week for Sovereign Wealth Funds – The Good, the Interesting, the Ugly

This article is written by Vince Berretta – The Liaison Report and his opinions are his own and not of the Sovereign Wealth Fund Institute. Where have sovereign wealth funds been my whole life?  Apparently moving markets.  Every time they make an investment or decide to abandon a manager, they make headlines.  And as their […]

China Investment Corporation Posts 10.6 Percent Return, Moves Up Ranking

The China Investment Corporation (CIC) posted a 10.6% return for the year of 2012, compared to -4.3% in 2011. Assets for the China Investment Corporation grew to US$ 575.2 billion at the end of 2012 compared to US$ 482 billion. 36.2% of assets are internally managed, while 63.8% is managed externally. At the end of […]

Increased Alternative Allocation Approaches for North Carolina Retirement Systems

The $81.1 billion North Carolina Retirement Systems may have the ability to grow allocation in alternative investments like private equity, hedge funds, credit investments and institutional real estate. North Carolina Treasurer Janet Cowell, the sole trustee of the pension fund, pushed for the measure. The pension fund wants decreased dependence on funds-of-funds vehicles. Many large […]

The 5th Annual Global Alpha Forum – September 10-11, 2013

>> This is a promotional guest post >> The 5th Annual Global Alpha Forum, taking place September 10-11 at the New York Athletic Club, is designed by investors, for investors, to assist in their search for global alpha. Created in 2007, the Forum strives to cover topics and showcase strategies that are vital to investors. […]

Z Energy Trekking Ahead in Initial Public Offering

Back in 2010, Z Energy, a transport fuels company, was purchased by Infratil and the New Zealand Superannuation Fund (NZSF) from Royal Dutch Shell Plc for NZ$ 696.5 million. Each party took a 50% interest. NZSF Aotea Limited (New Zealand Superannuation Fund) and Infratil have confirmed plans to list Z Energy (up to 50% – […]

Major Canada Public Investor Rankings

The Sovereign Wealth Fund Institute (SWFI) has released a ranking of major public pension investors in Canada by assets under management (USD). Other characteristics listed include inception date and area. To view the public pension rankings

Nigeria’s Sovereign Funds and IFC to Support Nigerian Infrastructure Development

The Nigerian Sovereign Investment Authority (NSIA) is partnering with the International Finance Corporation (IFC) to develop, finance and implement infrastructure projects that will stimulate job creation, economic growth and social development in Nigeria. This occurred through the signing of a Memorandum of Understanding (MoU) between the IFC and NSIA. The NSIA and IFC want to […]

India May Draw SWFs to Invest in Infrastructure Bonds

Apparently, the government of India may permit a direct line of investment for sovereign wealth funds to invest in in tax-free infrastructure bonds. Sovereign funds have expressed interest in India and desire allocating to investments that provide substantial yield. Several large state-owned institutions have had infrastructure bond-issuances in which cash has yet to be spent. […]

Korea and Queensland to Build Stronger Institutional Investment Ties

On July 22, 2013, the Queensland Treasurer and Minister for Trade Tim Nicholls signed a Memorandum of Understanding (MoU) between the Queensland Investment Corporation (QIC) and Korea Finance Corporation (KoFC). Established in October 2009 by the Korea Finance Corporation Act, the Korea Finance Corporation is wholly-owned by the government of South Korea. The organization is […]

Large CVC Fundraise a Positive Sign for Buyouts

Founded in 1981, London-based CVC Capital Partners in late July announced that they have secured investor commitments up to its hard cap of €10.5 billion for CVC Capital Partners VI. This is their flagship fund which initially was targeted to raise €9 billion. The private equity company has invested in a number of notable companies […]

GIC Private Limited New Name for Singapore’s GIC

Singapore’s GIC has changed its legal name from Government of Singapore Investment Corporation Private Limited to GIC Private Limited. Many institutional investors are familiar with the popular acronym GIC and the name change formalizes the brand name.

APFC Board Approves Commitments to Alternative Investments

According to the press release, “the Alaska Permanent Fund Corporation Board of Trustees made commitments to several special opportunities at a meeting in Anchorage on July 18. These commitments will not be funded immediately; rather they will be drawn down as needed over a period of approximately three years. The funding for capital calls is […]

Temasek Holdings Sells Huaneng Renewables Shares

Singapore’s Temasek Holdings sold its entire 5.34% stake in Huaneng Renewables Corporation Ltd, a China-based developer focused on wind power. Major energy distribution problems have surfaced as China has a challenging time transmitting wind-powered energy from the Northern generating regions to the Southeast coastal sections of the country. Chinese wind power developers posted lackluster financial […]