Archive | December, 2015

Central Huijin Investment Transfers Some A-Shares to Asset Mgmt Unit

Central Huijin Investment Ltd., a sovereign wealth enterprise of the China Investment Corporation (CIC), moved shares in Chinese financial institutions into its asset management unit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Iraq to Market Grand Faw Container Port

Iraq’s Basra provincial council, located in southern Iraq, is seeking to list a holding company on the Iraq Stock Exchange. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, December 30, 2015

India’s NIIF Holds First Official Meeting The governing council of India’s National Investment and Infrastructure Fund (NIIF) held its first meeting on December 29th. The council decided to appoint a chief executive officer for the fund by the end of January. The fund will have a corpus of Rs 40,000 crore. Of that amount, Rs […]


Have Sovereign Funds Embraced Fannie and Freddie’s New Mortgage Babies?

The answer is a partial yes. State-owned housing behemoths Freddie Mac and Fannie Mae have tapped into two major investment themes. The first theme are asset owners such as sovereign wealth funds and U.S. pensions’ unquenchable desire for fixed income yield. Whereas the likes of large wealth funds such as Singapore’s GIC go direct when […]


SWFI First Read, December 29, 2015

China Railway Construction Corporation Lands Key Contracts in Senegal and Mali China Railway Construction Corporation Ltd. recently inked a railway contract worth US$ 1.26 billion to the Senegal government. The company then signed an agreement with Mali to refurbish a rail line connecting Bamako to the Senegal border for US$ 1.486 billion. The deal in […]


Abu Dhabi Investment Authority Gets Higher Quota Capacity for China

The Abu Dhabi Investment Authority (ADIA) was extended another US$ 1 billion in quota capacity from China’s State Administration of Foreign Exchange (SAFE) to US$ 2.5 billion in total. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


top 10 gamechangers

Largest 10 Direct Sovereign Wealth Fund Deals of 2015

Large real estate developments like Manhattan West and vast portfolios of industrial properties dominate as some of the biggest sovereign wealth fund transactions in 2015. Despite lingering low oil prices, sovereign wealth funds’ interest in direct deals shows very little signs of abating. Wealth funds backing these monstrous deals are the China Investment Corporation (CIC), […]


5 Most Interesting Asset Manager Acquisitions in 2015

SWFI staff excludes acquisitions of asset managers focused on private wealth management as well as joint venture buyouts. There was a strong focus on asset managers looking to enhance alternative asset capabilities, as well as wealthy owners and principals looking to cash out. 5.) Legg Mason Acquires RARE Infrastructure Limited Baltimore-based Legg Mason, Inc., an […]


Central Bank Roundup, December 26, 2015

Bank of Korea to Decrease Rate-Decision Meetings in 2017 The Bank of Korea is decreasing the amount of rate-decision meetings from 12 to 8. The change will occur in 2017. The reason is that the central bank wants more time to monitor the impact of monetary policy. However, the board of the Bank of Korea […]


Luxembourg’s FDC Awards Large Overseas Real Estate Mandates

The Fonds de Compensation commun au régime général de pension (FDC), a Luxembourg-based pension reserve fund with €14.3 billion in assets, hired two real estate managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Funds Pursue Demand-Driven Investing

SWFI research indicates that many sovereign wealth fund portfolios in externally-managed real estate performed well in 2015. Sovereign investors are keen to partner with leading real estate firms, tapping their network to find suitable assets. It is a salutary reminder to all real estate investors that demand-driven investing is becoming popular among public institutional investors. […]


SWFI First Read, December 24, 2015

Samruk-Kazyna Announces Partnership Deals with Chinese Silk Road Samruk-Kazyna announced memorandums of understanding (MoU) and agreements for five projects totaling US$ 4 billion around the 3rd meeting of the Kazakhstan-China Business Council (KCBC). KazMunayGas and Sinopec signed an agreement in oil exploration and production, petrochemicals, engineering and renewable energy. Kazakhstan’s national atomic company Kazatomprom and […]


Secretive Palantir Raises $880 Million

Palo Alto-based Palantir Technologies, named after the “seeing stones” in J. R. R. Tolkien folklore, raised a massive new round of US$ 880 million. This puts data analytics company Palantir at a valuation of US$ 20.33 billion, up from US$ 15 billion in 2014. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


TAPPING: Brazil Withdraws Money from SWF

Brazil is miring in a deep recession after years of rapid economic growth. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QNB Buys Turkish Finansbank

The National Bank of Greece S.A. has sold Istanbul-based Finansbank, the fifth biggest privately-owned bank by assets, deposits and loans in Turkey, to Doha-based Qatar National Bank S.A.Q. (QNB) for approximately ‎€2.75 billion for a 99.81% stake. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


financial buyouts

Amundi Smith Breeden Prepares for Fast Growth in 2016

Over the past few years, Durham-based Amundi Smith Breeden LLC has undergone strategic changes, hiring more researchers, more institutional sales staff and expanding its expertise abroad. French asset management giant Amundi acquired Smith Breeden in June 2013, seeing promise in the U.S.-focused fixed income shop. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SWFI First Read, December 22, 2015

Agropur Cooperative Gets Another C$ 300 Million An investor group led by Caisse de dépôt et placement du Québec (CDPQ) kicked in an additional C$ 300 million in Agropur Cooperative, a Canadian dairy cooperative. The investment was in the form of preferred units. This total capital allocation builds on the C$ 470 million announced in […]


Temasek Backs Former Google X Moonshot

Asian sovereign wealth funds have been scouring Silicon Valley for startups that aim to disrupt industries and take on global themes such as urbanization. A former Google X moonshot raised some big cash from institutional investors. Research projects put on by Google X, a secretive research lab owned by Alphabet (formerly Google), are referred as […]


CPPIB Gives $1 Billion Boost to China Logistics Partnership

The Goodman China Logistics Partnership was formed in 2009 to develop, own and manage develop logistics assets in Mainland China. The Goodman China Logistics Partnership started with an initial equity commitment of US$ 300 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


AP3 Forms Joint Venture with Balder

With Sweden allowing a high number of migrants from the Middle East, combined with natural population growth, demand for residential accommodations is on the rise. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]