Connect with us

Alaska Permanent Fund Hires State Street for Passive Global Mandate

Published

on

The Alaska Permanent Fund Corporation Board of Trustees hired State Street Global Asset Managers for a US$ 700 million passive global mandate on January 14. The mandate was previously managed by UBS Global Asset Management.

During the teleconferenced meeting, the Board also took the following action:

    Amended the APFC’s equity investments resolution to include the Morgan Stanley Capital World Index as the benchmark for global passive managers.

    Transferred the distressed debt portfolio managed by Crestline Investors, Inc. from domestic fixed income to the absolute return strategies asset class. The Trustees determined that the portfolio’s characteristics made it more naturally fit in the alternative assets portfolio.

    Changed the short-term interest rate proxy for CDs purchased through APFC’s Alaska CD program from U.S. Treasury Bills to the short-term rate published by the Federal Home Loan Bank of Seattle. This ensures that the Permanent Fund is receiving fair compensation for its investment, while providing liquidity to the Alaskan economy through the state’s banking system.

CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

Published

on

Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

CalPERS Names Yu Ben Meng as Chief Investment Officer

Published

on

The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Ontario Nonprofit Network Awards Mandate to OPTrust

Published

on

The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.