Archive | November, 2016

National Council for Social Security Fund Awards Four Custodial Mandates

China’s National Council for Social Security Fund has awarded a number of mandates to custodial banks. The mandates are for the basic insurance pension fund. The four banks that won the mandate to be custodial banks for the basic insurance pension fund are: Bank of China, Industrial and Commercial Bank of China (ICBC), China Merchants […]


Dallas Mayor Wants to Halt Pension Withdrawals

UPDATE: December 8, 2016 The Dallas Police and Fire Pension System’s Board of Trustees stopped the lump sum withdrawals from the pension fund. The trustees were trying to put off a possible restraining order. The board chairman Sam Friar stated, “Our situation is currently critical, and we took action.” Dallas Mayor Mike Rawlings, in a […]


SWFI – Movers and Shakers – November 30, 2016

Trump Intends to Nominate Mnuchin for U.S. Treasury Secretary U.S. President-Elect Donald J. Trump intends to nominate Steven Mnuchin for the position as U.S. Secretary of the Treasury. Mnuchin held a number of roles including Chief Information Officer at Goldman Sachs, Founder and Co-CEO of Dune Capital Management (a hedge fund) and Founder of OneWest […]


SWFI First Read, November 30, 2016

Trump Selects Elaine Chao for Secretary of Transportation U.S. President-Elect Donald J. Trump named Elaine L. Chao to be his choice to be the next U.S. Secretary of Transportation. Chao was the U.S. Secretary of Labor under U.S. President George W. Bush. Chao served as Deputy Transportation Secretary under U.S. President George H. W. Bush. […]


Saudi King Salman Approves New Funds for PIF

According to a statement by Saudi news agency SPA, Saudi King Salman mandated the moving of 100 billion SAR (US$ 26.67 billion) to be moved from the country’s foreign reserves to the Public Investment Fund (PIF). The moved capital will be used to back local and overseas investments.


PARALLEL CURRENCY: Reserve Bank of Zimbabwe Issues Bond Notes

Zimbabwe is encountering a wide-spread U.S. dollar cash crunch. The Reserve Bank of Zimbabwe, the country’s central bank, announced on November 28, 2016, they issued US$ 10 million in bond notes, creating a controversial quasi-currency to placate citizen frustrations. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


Betting on U.S. Growth Post-Election, KIC Eyes Luxury Hotels

The U.S. stock market rose to record highs on the future of a Donald Trump presidency, coupled with the GOP controlling both the U.S. Senate and House. The Dow Jones Industrial Average (DJIA) has skyrocketed 800 points since Trump’s win. Asian sovereign funds are taking a deeper focus into U.S. mezzanine debt markets, especially in […]


SWFI First Read, November 29, 2016

Mubadala and HNA Group Ink MoU Abu Dhabi-based Mubadala Development Co. inked a Memorandum of Understanding (MoU) with HNA Group, the large Chinese conglomerate that acquired a majority ownership stake in SR Technics from Mubadala, that involves both entities identifying potential investments in aerospace, real estate, financial services and advanced manufacturing. Mubadala had retained a […]


3 Questions: Getting to Know Ithmar Capital

Increasingly, long-term institutional investors are seeing opportunities in investing in renewable energy assets and climate change mitigation strategies, while trying to incrementally lower the carbon footprint. Ithmar Capital, a public investment fund from Morocco, has taken center stage on renewable investments. In November, the United Nations hosted the climate change summit in Marrakesh, Morocco. SWFI […]


Big Data Giant Palantir Quietly Raises Money

Sovereign wealth capital, combined with CIA-support money, participated in an investment round for Palo Alto-based Palantir Technologies, Inc. The tech media crowd perceives Palantir as one of the most secretive data mining firms in Silicon Valley. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ISIF Invests in Non-Bank Lender Finance Ireland

The Ireland Strategic Investment Fund (ISIF) is committing €30 million in Dublin-based Finance Ireland Limited, a private non-bank lender. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi PIF Keen On Buying Stake in Kuwaiti Food Company

With a sizable financial war chest, Saudi Arabia’s Public Investment Fund (PIF) is on the lookout for investment opportunities. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Abu Dhabi Sovereign Wealth Helps Fund Waterline Square Development

Gulf-based sovereign investors participate in a wide spectrum of real estate investments from financing, to developing, to owning properties in core markets like Manhattan and London. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, November 28, 2016

ZZ Capital Opens London Office Hong Kong-based ZZ Capital has opened up a London office. The CEO of ZZ Capital is Michael Min Cho, a former mergers and acquisitions (M&A) executive at the Qatar Investment Authority (QIA). RDIF Contemplates Russia-Japanese Venture Platform The Russian Direct Investment Fund (RDIF) is in talks of possibly creating a […]


seattle

JCAR015 Faces Major Impediment, Juno Therapeutics Shares Fall Fast

Finding a cure for cancer is not easy. Seattle-based Juno Therapeutics, a biopharmaceutical company, witnessed a precipitous drop in its stock price after another hold has been placed on its Phase II clinical trial in regards to anti-cancer therapies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


HEADWINDS: Nordic Institutional Investors Continue Push into Renewables

Nordic institutional investors are maintaining their acceleration into green and renewable energy investments despite recent presidential election outcomes that could be unfavorable for the climate change industry. For example, Finnish pensions insurer Varma recently published a new climate policy when it comes to investing, influenced by the accords of the Paris Climate Change Conference. [ […]


SWFI First Read, November 27, 2016

State Street Sells Back Complementa Investment-Controlling to Company Management State Street Corporation sold its ownership of Swiss data and analytics firm Complementa Investment-Controlling to its management. Complementa CEO Heinz B. Rothacher purchased 100% of the shares in Complementa plus it subsidiaries. The company is based in St. Gallen and has branches in Zurich and Frankfurt. […]


Changi Airports International Invests in the Russian Far East

Russia is keen on expanding its influence in its Far East region, while opening up trade with other parts of Asia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Lou Jiwei Becomes Chairman of NSSF

Lou Jiwei is not done serving his country. The former Finance Minister of China was named the fifth Chairman of the National Council for Social Security Fund (NSSF). Lou Jiwei replaces Xie Xuren, who was the Chair of NSSF since 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


Wolfe Asset Management Acquires 5 Wilton Road Office Property

Sweden’s AP1 and AP2 has a €4 billion venture called Cityhold Office Partnership that is managed by TH Real Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]