Archive | February, 2017

Trump Rally Helps Norway Wealth Fund Score $53 Billion

After a volatile beginning for many large asset owners in 2016, the election of a pro-business politician in the United States has positively impacted global equity markets, lifting annual returns for many institutional investors exposed to public equities. Norway’s Government Pension Fund Global (GPFG) benefited from the Donald Trump rally, posting a 6.92% return for […]


london

British Land and Oxford Properties Sell Cheesegrater Building to CC Land Holdings

Hong Kong-based CC Land Holdings Limited, an investment vehicle owned by Cheung Chung-Kiu, has made another London purchase after buying Paddington Central Office from the Cityhold Office Partnership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


bcIMC Said Goodbye to Silver Birch Hotels

This West Coast Canadian pension sought to sell off hotel assets in favor of retail, office and industrial assets in Canada. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Chinese Electronics Manufacturer by Betting on Intelligent Driving

Shanghai-based Advanced Leading Technology Co Ltd. (ALT) received capital from a Singaporean sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


India deals

Another Canadian Pension Inks Real Estate Strategic Partnership with Piramal

In an ongoing trend, yield-hungry Canadian pensions continue to provide capital for Indian developers. Ivanhoé Cambridge, the real estate unit of Caisse de dépôt et placement du Québec (CDPQ), signed an agreement to form a strategic partnership with Piramal Enterprises Limited. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


doha sovereign wealth fund

SWFI First Read, February 27, 2017

Chinese Insurer AIA Looks to SE Asia Chinese mega insurer AIA Group Ltd seeks to grow its overseas investments and insurance business in emerging markets. AIA is increasing its investment presence in Singapore, by moving some team members from Hong Kong to Singapore. AIA also formed a new subsidiary in Singapore. The Southeast Asian countries […]


SWFI First Read, February 26, 2017

Chinese Government Capital Backs Haoqiao.cn Haoqiao.cn is a Chinese hotel search and booking engine that was founded in 2013. Haoqiao has raised 120 million RMB (US$ 17 million) in a fresh Series B round from China Merchants Capital Investment Co. and China National SME Development Fund. This is the China National SME Development Fund’s second […]


AIMCo Goes Solar, Invests in FTP Power with AES Corporation

Savvy hedge funds and private equity firms have long-known the desires of large-scale utilities and cash-rich asset owners to own operating renewable energy assets. The political pressure to own profitable sustainable assets is a key factor for many of these deals. AES Corporation and Alberta Investment Management Corporation (AIMCo), on behalf of certain of its […]


China Investment Corp Chairman Resigns

Several Chinese media reports are citing that Ding Xuedong, Chairman and Chief Executive of the China Investment Corporation (CIC), has resigned from his position. Ding was appointed CIC chairman in July 2013. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CONSAR: Afore Banamex Tops Afore XXI Banorte in Number of Accounts for 2016

According to Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), translated roughly to the National Commission for the Savings System for Retirement, Afore Banamex has supplanted Afore XXI Banorte in terms of number accounts at the end of 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


The U.S. vs The Rest: Litigation Funding’s Local Characteristics

This article is sponsored by Goal Group. Even though the number of class action lawsuits brought to court is growing in mature jurisdictions around the world, the United States is still the largest market for securities and antitrust class action litigation. This is not least due to a number of crucial, and favourable, differences in […]


City Council Approved Medicine Hat Heritage Savings Fund

Medicine Hat is a city in southeast Alberta, Canada. In a 8-0 decision, the City Council of Medicine Hat has approved the creation of a Heritage Savings Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Partners with Beacon Capital on Prime DC Real Estate

Large asset owners such as sovereign funds continue to provide U.S. real estate managers the ability to diversify their portfolios. In a massive institutional real estate deal, Singapore’s GIC Private Limited formed a joint venture with a number of investors to buy into a Washington D.C. office portfolio. With law firms and lobbyists pulling back […]


China Railway Construction Rolls Forward on $1.85 Billion Kano Project in Nigeria

Northern Nigeria is getting additional help when it comes to transport infrastructure. The State of Kano is the second biggest industrial region in the country with the city of Kano as a key economic and regional hub. Some key industries in Kano include plastics, agricultural products, dairy products, ceramics, textile, tanning and footware. In the […]


Wealth Fund Capital Backs Helicopters and Airports in Russia

An investor group comprised of the Russian Direct Investment Fund (RDIF), Russia’s Basic Element and Singapore’s Changi Airports International (CAI) has completed the acquisition of shares in Vladivostok International Airport in Russia’s Far East from Sheremetyevo International Airport. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Invests in Chinese On-Demand Bike Company

The ride-sharing app wars aren’t just on automobiles, they are fought on bicycles too. Singapore’s Temasek Holdings participated in a US$ 215 million Series D round in Mobike, a Chinese on-demand bicycle company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Goldman Sachs Wants to Be the King of Outsourced CIOs

The outsourced chief investment officer (OCIO) industry has grown quickly over the past five years. Both traditional investment consultants, niche boutiques, non-profit companies and asset managers have launched OCIO services. 2015 was the beginning of industry consolidation in world of OCIO, as larger, well-resourced firms devoured smaller boutiques. For example, in April 2015, Goldman Sachs […]


SWFI First Read, February 21, 2017

SOURCES: China NSSF Has an Annual Average Investment Yield of 8.4% Since Inception China’s National Council for Social Security Fund (NSSF) has an annual average investment yield of 8.4% in the 16 years since it was founded. This is according to local Chinese news reports from an official of the organization. The news sources report […]


CPPIB Takes 24.5% Stake in Houston Office Portfolio

The Canada Pension Plan Investment Board (CPPIB) is part of a group of investors that formed a joint venture to own the Greenway Portfolio, a 52-acre master-planned, mixed-use complex with 11 office buildings, totalling approximately 4.9 million square feet in office space. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


Sovereign Wealth Capital Invests in PhosAgro

The Russian Direct Investment Fund (RDIF) helped organize a group of investors to participate in the secondary offering of PJSC PhosAgro, a vertically-integrated producer of mineral fertilizers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]