Archive | April, 2016

SWFI First Read, April 30, 2016

PROMOTION: Cambridge Associates Names New CEO Cambridge Associates promoted its president and head of global investments David Druley to chairman and CEO. This will be effective July 1, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mubadala Seeks to Raise Debt Capital

Abu Dhabi’s Mubadala Development Co. has hired a trio of banks for a bond sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar SWF Reduces Stake in Glencore

A change occurred in Glencore’s shareholder base, a company run by billionaire Chief Executive Officer Ivan Glasenberg. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


london

Wealth Fund Gets Heron Tower Refinancing

The tall 46-storey skyscraper Heron Tower, now called Salesforce Tower, in London was able to score a refinancing of £400 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIA and Ascott Acquire Islington London Property

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, is acquiring an Edwardian property in Islington, London through its serviced residence global fund with sovereign fund Qatar Investment Authority (QIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB and Cinven Acquire Hotelbeds

Institutional investors are on the lookout for fast-growing online booking companies with strong organic growth. Global travel technology is an investment theme for a number of sovereign funds and large pension investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway SWF Reports First Quarter Loss in 2016

Norway’s Government Pension Fund Global (GPFG), posted a -0.6% return for the first quarter of 2016, losing 85 billion NOK. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Facebook’s Share Plan Should Alarm Pensions and SWFs

Social networking giant Facebook is seeking to issue a new class of shares in a bid to permit its founder Mark Zuckerberg the ability to maintain greater control. Zuckerberg is keen on creating a new class of stock with no voting rights, a practice that many U.S. pensions frown upon. For example, the California Public […]


Kenmare Resources Attempts to Line Up Equity Financing

Kenmare Resources plc, a miner of titanium minerals and zircon, is seeking to secure capital. Kenmare operates the Moma Titanium Minerals Mine in northern Mozambique. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 28, 2016

KIC May Be Ready to Announce New Chief Investment Officer [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Princeton Pays High Fees, Managers Deliver

Princeton has the third largest endowment in the United States, just edging out Stanford University. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Maduell on CNBC: This is Where Sovereign Wealth Funds are Investing

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Asia here CNBC interview: “More sovereign wealth funds are investing in real estate which is considered a more stable, long-term investment,” says Michael Maduell from SWFI. Date: April 27, 2016


private equity

DTCC-Euroclear Margin Utility Postponed till 2017

A margin service launched by Euroclear and The Depository Trust & Clearing Corporation (DTCC), two of the world’s biggest settlement firms, plans to go live in 2017, after experiencing several delays. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China Wealth Fund Backs Alibaba Finance Affiliate

Zhejiang Ant Small & Micro Financial Services Group Co. (Ant Financial), a entity controlled by Alibaba founder Jack Ma, raised a massive US$ 4.5 billion in Series B capital to fund a bid for global expansion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Restructures Organization, Names Appointments

Singapore’s Temasek Holdings has realigned its organizational structure to address headwinds in global markets. According to a press release, CEO of Temasek International, Lee Theng Kiat, said, “On the institution front, we will use the opportunity to further build agility, alignment, and accountability, as we continue on our journey to being a high-performing global organisation.” […]


ERAFP Names New Head of Manager Selection

The French Public Service Additional Pension Scheme (ERAFP) named Olivier Bonnet as head of asset manager selection starting in May 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 26, 2016

CDPQ Announces Major Infrastructure Project CDPQ Infra, a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), announced plans for its Réseau électrique métropolitain (REM), an integrated public transportation project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


state street

State Street Wins GPIF Custodial Alt Mandate

Japan’s Government Pension Fund Global (GPIF) awarded a mandate to State Street Trust and Banking Co. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway SWF Withdrawals on Path to Exceed Original Estimate

Amid low oil prices and a challenging economy, Norway’s government has tapped its sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CalSTRS

CalSTRS to Embrace Risk Mitigation Strategies

The California State Teachers’ Retirement System (CalSTRS) is prepping a risk mitigation portfolio, prompting to move some US$ 16 billion toward these strategies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]