Archive | August, 2016

Another Big Hire, ADIA Hires Former Citi Transitions Boss

The Abu Dhabi Investment Authority (ADIA) continues to lure former investment management professionals to Abu Dhabi and its massive asset owner organization. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Norway Sovereign Wealth Hearts San Francisco Real Estate

Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (NBIM), had inked two agreements to buy a 44% common equity interest in two Kilroy Realty Corporation companies that own two office properties in San Francisco. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


SWFI First Read, August 30, 2016

Reserve Bank of India Approves CPPIB Ownership Stakes in Kotak Mahindra Bank The Reserve Bank of India (RBI) approved the Canada Pension Plan Investment Board (CPPIB) to nearly double its holding of Kotak Mahindra Bank. CPPIB has a 4.89% ownership stake in the Indian bank which it bought in multiple tranches. In March 2016, CPPIB […]


emerging markets sovereign wealth funds

After DOJ Decision, Shareholders Go After Private Prisons

Law firm Kessler Topaz Meltzer & Check, LLP has filed two class actions on behalf of shareholders. The first was against The GEO Group, Inc. which provides government-outsourced services, including the management of correctional and detention facilities in the United States and internationally. Kessler Topaz filed the lawsuit on behalf of purchasers of GEO Group […]


Low Growth, Low Inflation, Low Interest Rates

Institutional investors are getting increasingly frustrated about what the Federal Reserve plans to given the increasingly non-committal statements by central bank officials. With multiple perspectives from Fed officials, there is an everlasting collection of growing ambiguity. Are they being hawkish or bouncing back to dovish tones? To be fair to central bankers, they are combating […]


GIC Takes Large Stake in Vietcombank

Singapore’s GIC Private Limited and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) signed a Memorandum of Understanding (MoU) for GIC to acquire a 7.73% stake on a fully enlarged basis in Vietcombank. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ADIA Names Garry Beaton as Global Head of Operations

The Abu Dhabi Investment Authority (ADIA) appointed Garry Beaton as global head of operations in the operations department. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Are Private Equity Investing Pensions Suffering from Stockholm Syndrome?

A number of public pension investors clamor for greater transparency but silently hesitate on pulling the trigger for U.S. state-regulated private equity laws. Are these accelerated portfolio monitoring fees a really big deal in the scheme of things? For over two years, the U.S. Securities and Exchange Commission (SEC) with greater power and authority under […]


SWFI First Read, August 29, 2016

Easier to Look for Pokemon Says Invest AD’s Sachin Mohindra In an August 24, 2016 interview on Bloomberg Markets Middle East, Sachin Mohindra, Senior Vice President at Invest AD, said that it is “easier to look for Pokemon, than to look for yields.” Mohindra discussed Invest AD’s allocation to Saudi Arabian equities and has invested […]


Wealth Fund Had Invested in Series B for Emerging Pharma Company

Sovereign wealth funds continue to play a key part in the aggregate investor composition in emerging pharmaceutical companies in the United States, especially in the areas of cancer therapies and combating neurodegenerative diseases. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Turkey’s Plan for a Sovereign Wealth Fund

Like some of its Gulf peers, the strategic development sovereign wealth fund (SDSWF) may have a tactical development aim to lure capital into the country. After the July 15 coup attempt, the Turkish government is moving forward on creating a sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


What is the Status on GIC’s Investment in Arrium?

Companies in the Australian commodity sector have taken a beating for quite some time. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, August 26, 2016

GPIF Has Tought First Quarter with -3.88% Return Japan’s Government Pension Investment Fund (GPIF) got hit with a US$ 52 billion quarterly loss, a return of -3.88%, for its fiscal first quarter ended June 30. GPIF blamed the loss on a stronger yen which occurred after the United Kingdom voted to leave the European Union […]


Follow the Money – Episode 18

In this brief episode, I focus on real estate, private equity and financial technology such as the Ripple protocol. I bring up some major news notes regarding Informatica’s planned IPO, German banks and shipping loans and wealth funds desiring to be more opportunistic. I also touch upon the latest private equity report on sovereign wealth […]


UniSuper Extends Investment in Sydney Water Filtration Plant

UniSuper, a large superannuation fund, extended the term of its infrastructure investment in a Sydney water filtration plant to year 2035. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 25, 2016

JPMorgan Wins Custodial Mandate from Club Plus Super Club Plus Super, a superannuation fund with more than A$ 2.2. billion in assets under management, selected JPMorgan as it custody and fund services provider. This was after a competitive tender process. Club Plus Super will transition its services to JPMorgan before the end of the year. […]


Abu Dhabi Fund for Development Deposits $1 Billion in Central Bank of Egypt

The Egyptian government is running short on cash. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


What Does Sovereign Wealth Have to Do with Leonardo DiCaprio?

The notorious sovereign fund embezzlement scandal involving Malaysian financier Jho Low has entangled a number of the Hollywood elite, including well known star Leonardo DiCaprio. The intricate scandal centers on the alleged abuse of funds at 1Malaysia Development Bhd., also known as 1MDB. 1MDB is known as a strategic development sovereign wealth fund (SDSWF), a […]


Qatar Investment Authority Invests in Empire State Realty Trust

The Qatar Investment Authority (QIA) acquired a 9.9% economic and voting interest in the Empire State Realty Trust Inc. through newly-issued shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Possible Solution: Chinese Wealthier Pensions Could Support Poorer Ones

China’s wealthier coastal regions, benefiting from industrial production and trade, could end up partially subsidizing the less wealthy interior part of the country. A number of China’s provinces are experiencing widening pension gaps. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]