Archive | February, 2016
Ireland

Strathclyde Pension Fund and ISIF Back Wind Energy Vehicle

The Ireland Strategic Investment Fund (ISIF) and Strathclyde Pension Fund are kicking in capital to NTR Wind 1 vehicle, a wind-energy strategy managed by Legal & General Capital, the investment arm of Legal and General Group, and NTR Wind Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


SAMA Reserves and Net Foreign Assets Fall Slightly in Jan 2016

Oil prices have remained low as the glut continues. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 28, 2016

J.P. Morgan Asset Management Buys Mega Retail Asset on Ocean Avenue On February 17, 2016, J.P. Morgan Asset Management Global Real Assets acquired a 19,717 square-foot multi-tenant retail property located in Santa Monica, California that was built in 2014. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


CII Names Ken Bertsch as Executive Director

The Board of Directors of the Council of Institutional Investors (CII), a nonprofit association comprised of institutional investors that is heavily involved in the sphere of corporate governance and shareowner rights, appointed Ken Bertsch as executive director of the organization. He will start on March 15, 2016. Bertsch replaces Ann Yerger who exited in July […]


Friday SWFI News Roundup, February 26, 2016

GIC Provides Debt Financing for Large Real Estate Investors in Australia [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


London City Airport Acquired by Kuwait SWF and Canadian Pensions

Wren House Infrastructure Management Limited, the sovereign wealth enterprise of the Kuwait Investment Authority (KIA), along with Ontario Teachers’ Pension Plan (OTPP), Borealis Infrastructure (a unit of OMERS) and, the Alberta Investment Management Corporation (AIMCo), won a bid to acquire the company that owns and operates London City Airport for approximately £2 billion (US$ 2.8 […]


Australia’s Future Fund Takes a Page from Alaska

The Alaska Permanent Fund Corporation (APFC) has made two notable large bets in anti-cancer pharmaceuticals. One of their strategic investments was in Juno Therapeutics. Biotech companies in areas such as anti-cancer therapies see wealth funds as ideal capital partners due to their long-term investment horizon. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


PSP Investments Buys Energy Assets from ENGIE

In a maneuver to limit commodity price exposure, French utility giant ENGIE SA, formerly known as GDF Suez, signed two definitive agreements for the sale of its interests in 10 GW of merchant power generation capacity located in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Peter Orszag to Join Lazard as Vice Chairman of Investment Banking

Investment bank Lazard Ltd. hired Peter Orszag who was once director of the Office of Management and Budget in U.S. President Barack Obama’s administration. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Posts 9.1% Return for Fiscal Year 2015

Caisse de dépôt et placement du Québec (CDPQ) returned 9.1% for the calendar year ended December 31, 2015. The weighted average return on clients’ funds over four years equaled 10.9%. At year-end, CDPQ amassed C$ 248 billion in net assets versus C$ 159 billion in December 2011. View Institutional Investor Profile of CDPQ CDPQ is […]


SWFI – Movers and Shakers – February 24, 2016

JLL Separates CEO and President Role Jones Lang LaSalle (JLL) is dividing the role of president and CEO. Colin Dyer, who currently holds both roles, will become CEO only. Christian Ulbrich, currently chief executive officer for the EMEA region, will become JLL’s president in June 2016. Guy Grainer will become CEO of the EMEA region, […]


ADIA: Here We Come Paris

The greater Paris region is home to one of the largest clusters of office space. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 24, 2016

CalPERS Searches for a New CEO The California Public Employees’ Retirement System (CalPERS) officially launched its search for a new Chief Executive Officer (CEO). The search is being led by New York-based Heidrick & Struggles. GIC Invests Big in Indonesian Retail Empire [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Shoring Up Cash, Mubadala’s Windy Path

Abu Dhabi-based Mubadala Development Company is seeking to shore up some cash and rejig its massive portfolio of companies amid an environment of lower crude oil prices. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 4

This podcast covers a very brief event recap and touches upon the latest report on sovereign wealth funds. Follow the Money Show is available on asset.tv on the Asset Owner Channel. EPISODE 4 – February 23, 2016


Temasek Aims for Dual Tranche Euro Bond Offering

Singapore’s Temasek Holdings is planning to launch a dual tranche 6-year and 12-year bond offering that will be issued by Temasek Financial (I) Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Negative Interest Rates Irritate Public Investor Capital

Sovereign wealth funds and other large public institutional investors, such as pensions and superannuation funds, are worried about central bank policy flowing into untested waters – negative interest rates. Large-scale asset purchases combined with low or negative interest rates continue to push institutional investors toward risk assets. The concern is legitimate. U.S. public pensions such […]


Khazanah Seeks to Raise 5-Year Sukuk

Malaysia’s Khazanah Nasional Berhad is hitting the road marketing a 5-year sukuk (U.S. dollar). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Carlyle Gets Heartburn Over Hedge Fund Adventurism

The illustrious Carlyle Group LP announced a retreat in the world of hedge funds, as they plan on winding down its hedge fund-of-funds subsidiary Diversified Global Asset Management (DGAM), a Toronto-based firm. DGAM’s co-founders George Main and Warren Wright will exit after the closing of the unit. DGAM had around US$ 2.3 billion in assets […]


REVEALED: Sustained Low Oil Prices May Prompt Larger Sovereign Fund Selloff

Over the past two decades, sovereign wealth funds, once obscure state funds, have moved closer to center stage as a prominent institutional investor class in terms of assets under management, investor style and asset diversification. In total, wealth funds have amassed more than US$ 7 trillion in assets, having less than a trillion before June […]