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1st Place Tie for Goldman Sachs and Bank of America for 1H 2017 PI Dealmakers

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Bank of America Merrill Lynch and Goldman Sachs tied for first place in the public institutional investor transaction database for the first half of 2017 for financial advisors. SWFI’s public investor database tracks direct deals and transactions made by institutional investors such as sovereign wealth funds and public pensions. Both firms reached 10 deals each in the first half. Bank of America Merrill Lynch participated in deals such as the Allfunds Bank S.A. transaction.

Morgan Stanley reached second place with 8 deals.

JPMorgan, Credit Suisse and Citi tied for third with 6 deals each. Evercore and Eastdil Secured tied for fourth.

Credit Suisse and Eastdil Secured tied for first from the second half of 2016.

Financial Advisor League Table – H1 2017

Position Firm Transactions
1 Bank of America Merrill Lynch 10
1 Goldman Sachs 10
2 Morgan Stanley 8
3 Citigroup 6
3 Credit Suisse 6
3 JPMorgan 6
4 Evercore 5
4 Eastdil Secured 5
5 Nomura 4
5 Rothschild 4
5 KPMG 4

Source: Sovereign Wealth Fund Transaction Database, Extracted: July 24, 2017
Data from the report is pulled at a certain time, there may be discrepancies between both sets.

First Half 2017 League Table Page

Norway GPFG Would Prioritize Value in Tesla Stake

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Sovereign wealth fund giant Norway Government Pension Fund Global (GPFG) is an investor in Tesla, holding a 0.48% stake at the end of 2017. GPFG owns roughly 1.4% of all globally listed company shares, minus stocks from its exclusion pool. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Anbang Insurance Set to Sell its US Luxury Portfolio

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Distressed Beijing-based holding company Anbang Insurance Group is set to sell its U.S. luxury hotel properties, which were purchased for US$ 5.5 billion from the Blackstone Group in 2016. This is a move to raise quick cash, following the firm’s seizure at the hands of the Chinese government six months ago. Bids had already been ongoing for selected properties, including the famed Essex House Hotel, overlooking Manhattan’s Central Park. The portfolio of hotels is strategically placed in geographically diverse regions, including Miami and Chicago. Anbang is looking to cash in on the properties quickly, as its properties in China are already being liquidated. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway GPFG Returns 1.8% for Second Quarter of 2018

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Norway’s Government Pension Fund Global (GPFG) returned 1.8% for the second quarter of 2018. Listed equity investments generated a 2.7% return for the period, while fixed income returned 0%. Unlisted real estate investments posted a 1.9% return for the second quarter. In addition, the Norwegian krone depreciated against the U.S. dollar during the quarter. Furthermore, 2 billion NOK was withdrawn from the fund.

“North American and European stocks had a positive development in the quarter despite the prospect of increased trade barriers. This made a positive contribution to the fund’s return,” says Trond Grande, Deputy CEO of Norges Bank Investment Management, according to the press release.

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