Archive | September, 2016

Friday SWFI News Roundup, September 30, 2016

From Columbia to Harvard, Narv Narvekar Takes the Reins as CEO of HMC Narv Narvekar is taking the role as Chief Executive Officer of Harvard Management Company (HMC). He is leaving his role as CEO of Columbia University’s endowment. In addition, Peter Holland, Columbia University’s endowment CIO is taking Narvekar’s role as CEO. Singapore Technologies […]


Henderson Park Attracts Sovereign Wealth

Three cornerstone institutional investors are backing a European real estate investment platform led by Nick Weber, the former Head of Europe for Mount Kellett Capital Partners. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Gulf Sovereign Fund Invests in Series D Round in Apttus

San Mateo-based Apttus, a cloud-based software maker focused on the quote-to-cash process, raised US$ 88 million in a Series D round. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 22

In this lengthy episode, we dabble into the JASTA legislation and how it could impact capital markets. I bring up Southeast Asian infrastructure. We talk about Finland joining the negative interest rate club. There is chatter about avoiding banking stocks. We also chat about Silicon Beach. Download the Episode CONTENTS 1:00 JASTA Legislation and What […]


More UK Student Housing for GIC

UPDATE: October 5, 2016 Days after the GIC and GSA announced their partnership, the venture has acquired a student accommodation portfolio of around 1,000 student beds in Frankfurt, Darmstadt, Munster and Dresden. In addition, the venture is planning on committing money to build a pipeline of an additional 1,500 students beds across Germany. Advisers on […]


Congress Says No to Obama, What Will Saudi Arabia Do on Treasuries?

U.S. President Barack Obama’s veto was overridden, as the Justice Against Sponsors of Terrorism Act law passes in both the U.S. Senate and U.S. House of Representatives. How will this impact Saudi Arabia’s holdings in U.S. assets for the long-term?   The Kingdom of Saudi Arabia is on the eve of having a gigantic international […]


Japan Post Insurance Preps for Illiquid Investments

Japan Post Insurance has taken a number of strides toward more illiquid investments to boost returns. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 28, 2016

Greece Seeks to Centralize State Assets Under SDSWF On September 27, 2016, lawmakers in Greece passed a number of reforms to assure the nation’s creditors that progress was being made. Greek parliament voted to transfer a certain number of state-owned assets into a strategic development sovereign wealth fund (SDSWF). State of Wisconsin Investment Board Loves […]


CDPQ Invests in Sedgwick Claims Management

Caisse de dépôt et placement du Québec (CDPQ) made a US$ 500 million investment in Memphis-based Sedgwick Claims Management Services, Inc., a third-party claims administration in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Asset Owners Close in on Blackstone’s Philippines Power Plant Assets

Three rival investor groups are closing in on Sithe Global Power LLC’s ownership interest in Philippine power plant assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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QIA Invests in Silicon Beach Office Property

Sovereign wealth funds continue to pursue core property investments through investment partners such as insurance companies, private real estate managers and real estate investment trusts (REIT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Some Hedge Funds Face Redemptions at OTPP

Hedge funds continue to get pilloried and the liquidations continue. With many name-brand hedge funds posting negative returns, asset owners are coming to the table asking for concessions and fee breaks. Some funds are capitulating. Others are shutting down. Perry Capital LLC, a hedge fund founded in 1988 by Paul Leff and Richard Perry, announced […]


Finland Joins the Euro Negative Interest Rate Club

The country of Finland is seeing its 10-year borrowing costs turn slightly negative. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Chinese Government Announces State Enterprise Restructuring Fund

The Chinese government continues to take steps to reform many of its uncompetitive state-owned enterprises (SOE), while trying to reduce the debt burden on them as demand slows in areas such as steel, cement and coal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Temasek Eyes Stake in Major Indian IT Park Developer

A large Asian sovereign fund is looking at taking a stake in one of the biggest Indian real estate developers of information technology (IT) parks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI – Movers and Shakers – September 27, 2016

Yukihiro Murota Named Managing Director of Sumitomo Mitsui Trust International [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CBOE to Acquire Bats Global Markets

For about US$ 3.2 billion in cash and stock, CBOE Holdings Inc. will be acquiring Bats Global Markets Inc. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 26, 2016

BlackRock Hires Former Investment Consulting Executive to Lead EMEA Consulting Relations Alexandra Haggard is leading BlackRock’s Europe, Middle East and Africa (EMEA) region consulting relations team. She will be based in London and report to John Gee-Grant, BlackRock’s global head of consultant relations. Haggard is the former chief executive officer of Stamford Associates, an investment […]


Alaska Permanent Fund Board Rejects Oil Tax Credit Investing

The Board of the Alaska Permanent Fund Corporation (APFC) rejected a proposal by Alaskan Governor Bill Walker. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Asian Wealth Fund Continues to Back Eros International

Do Asian sovereign wealth funds like Bollywood? [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]