Archive | April, 2014
Yngve Slyngstad

Barely – Norway’s Sovereign Wealth Fund Outperforms Future Fund for First Quarter 2014

Despite being heavily diversified in many asset classes, Australia’s Future Fund was beat by Norway’s sovereign wealth fund according to first quarter calendar results for 2014. The Future Fund generated first quarter returns of 1.1%, while Norway’s sovereign wealth fund returned 1.7%. Sovereign wealth funds and large public pensions tend to be long-term investors. The […]


RRJ Capital and Temasek to Invest $1.8 Billion in ING’s NN Insurance Unit

Singapore’s Temasek Holdings is partnering with RRJ Capital Ltd again on another big deal. The two investors are investing around US$ 1.8 billion in ING Groep NV’s NN insurance unit before it has its initial public offering. In exchange, both parties will receive NN Group shares and subordinated ING Group notes (convertible into NN Group […]


ADIA Co-Investment in Brisbane Tower Sells for A$ 122 Million

The Abu Dhabi Investment Authority (ADIA) and Lend Lease’s Australian Prime Property Fund Commercial have sold the CP3 office tower to Boston-based Pembroke Real Estate. The A$ 122 million transaction was for a 14-story office tower in Brisbane. Family-owned Pembroke was established in 1997. The main source of capital comes from Fidelity Investments and family […]


Russian Direct Investment Fund Builds Investment Ties with Bahrain

Looking South, Russia is continually building economic ties with the GCC. The RDIF has inked agreements with a number of countries in the region including government entities in the United Arab Emirates. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Institutional Investors Eye Bluewater Shopping Centre in UK

Institutional investors are circling in on Bluewater, one of Europe’s largest shopping centres located in Kent. The UK property was developed by Lend Lease and opened in 1999. With over 340 stores and businesses, the mega shopping centre is owned by a number of institutional investors including M&G Real Estate, Singapore’s GIC Private Limited, Lend […]


KIA

Kuwait Investment Authority Invests $100 Million in Healthcare IT Company

The Kuwait Investment Authority (KIA) has invested US$ 100 million in Culver City-based NantHealth LLC which is part of the NantWorks family of companies. NantHealth is a cloud-based healthcare information technology company. A key company product is the NantHealth Clinical Operating System (cOS). The NantHealth platform has been installed at around 260 hospitals. According to […]


Find Out What China’s Sovereign Wealth Fund Does Not Like

The widely-courted China Investment Corporation (CIC) has been a major institutional investor allocating capital to external managers, funds and assets. SWFI staff has compiled a brief list of recent pet peeves from observations through research and financial media. Overpriced Core Real Estate Trying to chase yield, institutional investors have been gobbling up large illiquid properties […]


Khazanah is a Cornerstone Investor in Philippines Low-Cost Developer

Malaysian sovereign wealth fund Khazanah Nasional Berhad has purchased nearly an 8% stake in 8990 Holdings Inc for RM 215 million (US$ 65.93 million). 8990 Holdings is an unlisted company that is a property developer in the Philippines. Through its sovereign wealth enterprise, Pasir Salak Investments Ltd, Khazanah agreed to be a cornerstone investor before […]


Qatar Sovereign Wealth-Backed Aventicum Capital Launches L/S Fund

Aventicum Capital Management, the joint venture asset manager formed by Qatar Holding LLC and Credit Suisse Group AG, is launching the Aventicum Alternative Equities’ maiden fund. The long/short European equity fund will be managed by Aventicum Chief Investment Officer Riccardo Cavo. This fund will be managed out of Geneva. In July, Aventicum launched Aventicum Frontier […]


Sovereign Wealth Funds May Exit Viom Investment

Tata Teleservices Ltd. is looking to sell down its position in cell phone towers across India as its financials suffered during fiscal year 2013. Fortunately for carrier Tata Teleservices, cell phone towers in emerging markets are slowly attracting private equity and corporate investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


3 Kuwait Opposition MPs Seek to Grill Kuwait Prime Minister

Kuwait Prime Minister Sheikh Jaber Mubarak Al-Sabah may face an inquiry from three opposition party Kuwait MPs. Out of the 12 issues, one is the accusation of the mismanagement of sovereign wealth fund investments through the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


Yngve Slyngstad

See How Much the Largest Sovereign Wealth Fund Has Invested in Russia

Norway’s massive sovereign wealth fund is reviewing its portfolio allocation and risk profile on Russia. NBIM Chief Executive Officer Yngve Slyngstad told reporters in Oslo that in regard to Russian investments, “We are at any given time also considering conditions that have dimensions of geopolitics and geopolitical risk.” Given the threat of sanctions from the […]


Abe’s Yonezawa to Chair World’s Largest Pension Fund

Japan Prime Minister Shinzo Abe created a group to recommend changes in how the world’s largest pension fund was to invest its massive pool of assets. One of those 10 members, Yasuhiro Yonezawa, will now be chairman of Japan’s Government Pension Investment Fund (GPIF). Yonezawa is a 63-year-old professor at Waseda University’s Graduate School of […]


NYSTRS Distributes Capital to Real Estate Partnership and Artemis Fund

The US$ 104.3 billion New York State Teachers’ Retirement System (NYSTRS) is committing US$ 100 million to a real estate investment partnership called CFIG-NYSTRS Real Estate Investment Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Leo de Bever

AIMCo CEO to Retire, Search Underway

Leo de Bever, the CEO of the Alberta Investment Management Corporation (AIMCo) announced today that he will retire. He will remain as CEO until the board finds a replacement. The 65-year-old de Bever has been with AIMCo since it was spun off as a crown corporation back in 2008. For the latest fiscal year, AIMCo […]


Kessler Topaz – Halliburton Supreme Court Case Decision Could Affect Institutional Investors

This article is sponsored by Kessler Topaz Meltzer & Check, LLP. In our previous article concerning legal developments affecting shareholder litigation, we mentioned the Halliburton v. Erica P. John Fund, a case which could potentially upend 25 years of jurisprudence and make it much more difficult for shareholders to recover investment losses that occur as […]


Friday SWFI News Roundup, April 25, 2014

Korea Investment Corporation Considers Beijing Office The Korea Investment Corporation (KIC) is considering opening up a Beijing office, joining other sovereign wealth funds like the Kuwait Investment Authority, Qatar Investment Authority and GIC Private Limited. The sovereign wealth fund has a US$ 400 million quota under China’s QFII program. Temasek Holdings’ Offer for Olam is […]


See April General Electric Financing Deals Involving Asset Owners

In April, the Abu Dhabi Commercial Bank PJSC, which is majority-owned by the Abu Dhabi Investment Council (ADIC), agreed to acquire a portfolio of asset financing loans worth 450 million dirhams (US$ 122.5 million) from Mubadala GE Capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Institutional Investor Group Pays $7.05 Billion for Queensland Motorways

After an extensive bidding process, a group of investors that include, Melbourne-based Transurban Group, AustralianSuper Pty, and Tawreed Investments, won the bidding war and became the new owners of Queensland Motorways. The investor group agreed to pay A$ 7.05 billion (US$ 6.6 billion) for a 70 km network of toll roads and bridges from the […]


Pakistan Raises $2 Billion in Eurobonds

The government of Pakistan has raised US$ 2 billion in international debt markets by issuing Eurobonds in terms of 5 years and 10 years. The offering was oversubscribed (over 400 orders) receiving US$ 5.2 billion in offers – it was the biggest single amount the government of Pakistan has ever raised. However, according to Moody’s, […]