Archive | April, 2015
tibbles

Friday SWFI News Roundup, May 1, 2015

Abu Dhabi Investment Council Decreases Ownership in Canadian Retailer Abu Dhabi Investment Council (ADIC), through its sovereign wealth enterprise Hanover Investments (Luxembourg) S.A., sold off shares of Hudson’s Bay Company at a price of $27.25 per common share. This is approximately 5.8% of the outstanding common shares on a non-diluted basis pursuant to a secondary […]


Could Sovereign Wealth Funds Back Possible Salesforce Takeover?

  Cloud software giant Salesforce.com Inc. is working with financial advisers to assist in fielding takeover offers. According to Bloomberg, the company was approached by a potential acquirer. After news of a potential takeover, Salesforce’s market value jumped, giving the cloud business a market value of US$ 49 billion. Yesterday afternoon, sales for Salesforce.com stock […]


superannuation

AustralianSuper Nears DC Office Portfolio Deal

AustralianSuper, Australia’s biggest superannuation fund, is nearing a close on a 49% stake in an office portfolio in the DC area from Brookfield Office Properties Inc. The transaction is yet to be completed. AustralianSuper could join the chorus of institutional investors such as Norway’s sovereign wealth fund and large Canadian pensions committing heaps of cash […]


hong kong

BIG DEAL: ADIA Buys Stakes in Hong Kong Hotels

The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is purchasing a 50% stake in three Hong Kong hotels from a group led by New World Development Co. Ltd in a HK$ 18.5 billion (US$ 2.4 billion) deal – one of Hong Kong’s largest real estate deals. ADIA is paying […]


Oman’s SGRF to Help Finance Spanish Firms

Oman’s State General Reserve Fund (SGRF) is allocating some capital to earn yield on Spanish businesses looking to go abroad. The SGRF and Compañía Española de Financiación del Desarrollo (COFIDES), a partly state-owned firm founded in 1988, are creating a joint investment fund. Shareholders of COFIDES include the Bank of Bilbao Vizcaya Argentaria (BBVA), Santander […]


PIMCO Retains Bernanke as Senior Advisor

Pacific Investment Management Co. (PIMCO) has hired former Federal Reserve Chairman Ben Bernanke as a senior adviser. Suffering from record redemptions, PIMCO is looking to retain assets and provide its clients with the ultimate insight – view’s from a former Fed top dog. In the past, PIMCO relied on its founder Bill Gross for expertise […]


BEST QUARTER: Norway’s SWF Posts 5.3% Quarterly Return

Norway’s Government Pension Fund Global (GPFG) posted a 5.3% return for the first quarter of 2015 – earning a quarterly record of 401 billion kroner. The previous best performing quarters were in 2009, when the wealth fund generated 270 billion kroner in the second quarter and 325 billion in the third quarter. A key contributor […]


Plans for Macau Sovereign Wealth Fund Set for 4Q 2015

Anselmo Teng Lin Seng, chairman of the Monetary Authority of Macau, expects to have plans for a sovereign wealth fund laid out by the fourth quarter of 2015. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


australia infrastructure

Future Fund Boosts Assets, Chairman Gives Warning

Australia’s Future Fund posted positive returns for the first nine months of Fiscal Year 2014-2015. As of March 31, 2015, the Future Fund stands at A$ 117 billion in assets, posting a 15.1% return for the first nine months of the fiscal year. Asset owners such as sovereign wealth funds and large pensions are concerned […]


Bahrain’s Parliament to Probe Sovereign Wealth Fund Over Financial Affairs

Members of Bahrain’s parliament have launched a formal probe into Mumtalakat Holdings, a sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Russian FinMin Siluanov Warns Large Deficit Could Consume Reserves

Russian state-owned companies have lobbied the Kremlin for “loans and capital injections” from the country’s two large sovereign wealth funds, the National Welfare Fund and Reserve Fund. Western sanctions have affected Russian state-owned enterprises (SOE) from tapping Western capital markets for funding. Russian Finance Minister Anton Siluanov warned that Russia could use up all of […]


CCB Epic: Oman SGRF Takes Legal Action Against Bulgaria

One of Oman’s sovereign wealth funds is taking legal action against the Bulgarian government, specifically its central bank, Bulgarian National Bank (BNB). Oman’s State General Reserve Fund (SGRF), through Bulgarian Acquisition Company II S.a.r.L, held a 30% interest in Corporate Commercial Bank (CCB). The SGRF was a major shareholder in the Bulgarian bank. [ Content […]


Singapore Sovereign Wealth to Back Myanmar Microfinancing

One of Temasek Holdings’ investment themes is investing in transforming economies and selecting sectors that will prosper from a growing middle class. Financial services is a sector that is underrepresented in many Asian emerging markets like India and Vietnam. Fullerton Financial Holdings, a sovereign wealth enterprise (SWE) of Temasek Holdings, has entered into a nascent […]


sovereign wealth fund center asia

COMPETITION: Sovereign Wealth Funds Spice Up Deal Activity in Asia

Sovereign wealth funds continue to expand their reach in a variety of transactions across Asia. The Qatar Investment Authority (QIA) is competing against Goldman Sachs on the acquisition of the Keangnam Hanoi Landmark Tower. The 72-story tower is the tallest building in Hanoi and is worth an estimated US$ 1 billion. Korea-based Keangnam Enterprises, Ltd […]


Ireland

ISIF May Allocate €1 Billion to Irish Projects for 2015

Irish Strategic Investment Fund (ISIF), a strategic development sovereign wealth fund (SDSWF), plans to allocate between €500 million and €1 billion to projects and investments in Ireland for the remaining part of the year. The ISIF has a number of mandates which include generating commercial returns, boosting Ireland’s economy and domestic job creation. The ISIF […]


oil

Corporate Governance and Executive Shuffles at IPIC

Sheikh Khalifa bin Zayed Al Nahyan, ruler of Abu Dhabi, issued an emiri decree naming Suhail Mohammed Al Mazrouei as managing director of International Petroleum Investment Company (IPIC). Suhail Mohammed Al Mazrouei served as United Arab Emirates’ Minister of Energy since 2013. Al Mazrouei replaces Khadem Al Qubaisi. [ Content protected for Sovereign Wealth Fund […]


london

Qatar SWF Gets Barclays Bros. Interest in London Luxury Hotels

Qatar’s sovereign wealth exposure is expanding in the luxury hotel market in London. A unit backed owned by the Qatar Investment Authority (QIA), Constellation Hotels, has purchased a 64% interest in a portfolio of London hotels. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, April 24, 2015

Qatar Sovereign Wealth Capital Backs North African Resorts Bangkok-based Minor Group is working with Qatari Diar Real Estate Investment Company, a sovereign wealth enterprise of the Qatar Investment Authority (QIA), to construct two new resorts in North Africa. The resorts will be Anantara resorts. One of the resorts, Anantara Tozeur Resort, will be based in […]


Desjardins GAM Enters into the Smart Beta Fund Game

In recent months, new entrants to the smart beta fund game are launching fund products to boost and diversify sources of assets under management. The definition of smart beta is a gray area of strategies which aren’t quite active management. In short, smart beta funds focus on factors such as low-volatility and economic weights versus […]


New York

Morgan Stanley’s IM Business Rejigs, $500 Billion by 2016

As of December 31, 2014, Morgan Stanley Investment Management reported US$ 403 billion in assets under management (AUM). This is compared to US$ 377 billion in AUM from December 31, 2013. Morgan Stanley Investment Management, which touts clients such as pensions, insurance companies, endowments and sovereign wealth funds, continues to compete for growing AUM in […]