texas

Trey Parker Promoted to Co-CIO at Highland Capital Management

Dallas-based Highland Capital Management L.P promoted Trey Parker to co-chief investment officer to share duties with Mark Okada, the firm’s founder and CIO. This is a new position. Before this promotion, Parker was Head of the Credit Research platform at Highland Capital Management. Parker will continue to manage the products he is overseeing. Parker joined […]


sovereign wealth fund center asia

GIC Increases Position in Citic Securities

Singapore’s GIC Private Limited increased its stake in CITIC Securities Co. Ltd. , according to a September 12, 2017 Hong Kong Exchange filing. GIC acquired 2,334,000 H shares at an average price per share of HK$ 17.3529. The transaction brought GIC’s ownership in Citic Securities from 4.99% to 5.09%. Bannon Speaks in Hong Kong In […]


Jamie Dimon Calls Bitcoin a Fraud

JPMorgan CEO Jamie Dimon, a long-time critic of bitcoin, spoke out against the cryptocurrency, commenting that, “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.” [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wealth Funds Become Bigger Backers in Tech – Report

Sovereign wealth funds continue to hunt for investments in the technology sector. Saudi Arabia’s Public Investment Fund (PIF) invested in a major multi-billionaire commitment to Uber Technologies, while the Singaporean wealth funds target niche opportunities in technology, agricultural science, pharmaceuticals and other areas. BCG issued a short paper titled, “Sovereign Wealth’s Hunt for the Next […]


KIC CEO Maybe Leaving for Export-Import Bank of Korea Top Job

Sung-soo Eun, the current Chief Executive of the Korea Investment Corporation (KIC), was selected as Head of the Export-Import Bank of Korea, after a recommendation from South Korea’s Minister of Finance Dong-yeon Kim. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 12, 2017

Vertex Ventures Invests in Axonius Vertex Ventures, the venture unit of Temasek Holdings, invested in a US$ 4 million seed round in Axonius, an Israel-based cybersecurity startup. Leading the investment round was YL Ventures (led by Yoav Leitersdorf) and Emerge Capital. Bridgewater Appears to Be Gearing Up for China [ Content protected for Sovereign Wealth […]


SWFI Survey: Large Long-Term Asset Owners Cool on Listed Infrastructure

Sovereign wealth funds, public pensions, endowments and other asset owners have steadily increased allocation to infrastructure over the past six years, according to asset allocation data from SWFI. However, hundreds of billions of capital allocated to infrastructure remain idle. According to the third quarter 2017 Global Asset Owner Survey conducted by SWFI, a large number […]


SWFI – Movers and Shakers – September 11, 2017

Washington University Investment Management Company Names New CIO – Scott L. Wilson Washington University Investment Management Company (WUIMC) appointed Scott L. Wilson as chief investment officer (CIO), effective December 1, 2017. Wilson is currently CIO at Grinnell College. He is succeeding Kimberly G. Walker who stepped down as CIO of WUIMC in 2016. In his […]


ADIC Could Sell Stake in ADNIC

In a move to realign its financial holdings portfolio, the Abu Dhabi Investment Council (ADIC) is contemplating selling an approximate 24% stake in Abu Dhabi National Insurance Company PSC (ADNIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Fullerton Fund Management Receives PFM License from AMAC

Fullerton Fund Management, a sovereign wealth enterprise of Singapore’s Temasek Holdings, received approval for a private fund management license from the Asset Management Association of China. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar Government Capital Backs Moroccan Tourism Sector

Ithmar Capital and the Qatari QInvest Fund, managed by investment bank QInvest LLC, have established a joint venture called Oryx Capital to move forward on three large-scale tourism projects in Morocco. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Should CalPERS Outsource its Private Equity Portfolio to BlackRock?

The California Public Employees’ Retirement System (CalPERS) is a bellwether pension investor in private equity, investing in funds, co-investments and separate accounts – even directly into the private equity firms themselves. CalPERS has contemplated the idea of building an internal private equity direct deal team (not just allocators to managers), similar to what the Canadian […]


Why Did CEFC China Energy Agree to Buy a Large Rosneft Stake from Glencore and QIA?

Baar, Switzerland-based Glencore and the Qatar Investment Authority (QIA) have agreed to jointly sell a 14.16% stake in Rosneft to CEFC China Energy Company Limited for US$ 9.1 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


turkey

Turkey Wealth Fund Chairman Exits

Turkey President Recep Tayyip Erdoğan’s administration is signaling change at Turkey’s sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


RDIF and JBIC Move Forward on Russia-Japan Investment Fund

The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) formally created the Russia-Japan Investment Fund (RJIF). RJIF is already analyzing a few deals. The initial Memorandum of Understanding (MoU) between RDIF and JBIC was inked back in December 2016, in which both parties contributed US$ 500 million each.


SWFI First Read, September 7, 2017

OTPP Posts 3.7% 1H 2017 Return Ontario Teachers’ Pension Plan (OTPP) generated a 3.7% return on its investments in the first half of 2017. Net assets for OTPP reached C$ 180.5 billion. RDIF and TH Group to Allocate Capital into Russian Agriculture On September 6, 2017, the Russian Direct Investment Fund (RDIF) and Vietnam’s largest […]


SWFI Global Asset Owner Survey Discovers Investors View US Tax Reform as Driver for Equities

According to the SWFI Global Asset Owner Survey taken in August 2017, institutional investors are looking to overweight in international and global equities, while pulling back in listed infrastructure and U.S. passive fixed income. The quarterly survey targets sovereign funds, pensions, endowments, superannuation funds, foundations, government funds, family offices and other asset owners. Totaled estimated […]


Federal Reserve Vice Chairman Stanley Fischer to Exit Mid-October

U.S. Federal Reserve Vice Chairman Stanley Fischer has resigned effectively around October 13, 2017. He was appointed to the Federal Reserve Board by U.S. President Barack Obama in 2014. Fischer cited personal reasons on his exit in a resignation letter. He stated in the letter, “During my time on the Board, the economy has continued […]


SWFI First Read, September 6, 2017

Voya Hires Former QMA Product Strategist Voya Investment Management hired Dina Santoro as managing director and head of product and market strategy. This is a new position and she will be based in New York, reporting to Shaun Matthews, Senior Managing Director and Head of the Client Group at Voya. Before this role, Santoro was […]


India deals

KIA Participated in Dixon Technologies Investment

Dixon Technologies (India) Limited (formerly Dixon Utilities and Exports Pvt. Ltd) is having its initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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