Connect with us

For How Much Longer Are Sovereign Funds Expecting Lower Volatility?

Published

on

Given that U.S. stock market volatility remains subdued and measures are touching new lows, some chief investment officers are growing concerned that a possible equity market correction could occur in the near term.

Sovereign investors have expressed a level of unease over the flood of quantitative easing money seeping into global equity markets. These central banking measures have helped accelerate the demise of notable hedge funds, while giving gifts toward private equity and real estate institutional products. To illustrate, sovereign investors like the Qatar Investment Authority (QIA) recently realigned its asset allocation, permitting more firepower toward mezzanine debt and property plays in the United States. With its minted Manhattan outpost office, QIA has made debt investments such as US$ 161.5 million mezzanine debt allocation to a condo development at 111 West 57th Street. Heading further East, GIC acknowledged in its recent annual report that “abundant liquidity and low yields, which have contributed to the suppression of volatility across equity markets,” has impacted the fund’s investment decisions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

ADIA Takes a Bet on UK Pension Buyouts

Published

on

After months and months of speculation and rumors, the Abu Dhabi Investment Authority (ADIA) pulled the trigger to acquire up to 21.4% of the shares of the Pension Insurance Corporation Group from funds advised by J.C. Flowers & Co. Pension Insurance Group Corporation is the parent company of Pension Insurance Corporation (PIC), a specialist insurer and provider of bulk annuities to U.K. corporate pensions schemes. PIC has in excess of £25 billion in financial assets. Increasingly, U.K. companies are keen on reducing or removing financial and operational risks related to their defined benefit pension obligations.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Matt Whineray Officially Named CEO of NZ Super Fund

Published

on

On June 19, 2018, the Board of the Guardians of New Zealand Superannuation (NZ Super Fund) officially appointed Matt Whineray as chief executive officer. He has been acting CEO of the sovereign wealth fund since March 2018. Whineray joined the organization in 2008 as general manager, private markets and in 2014 became chief investment officer. The appointment is effective July 1, 2018.

An executive search was conducted when Adrian Orr decided to take the governor job at New Zealand’s central bank.

Here is an interview SWFI conducted with Matt Whineray.

Continue Reading

SWFI First Read, June 19, 2018

Published

on

Tronc to Revert to Original Name – Tribune Publishing

Publishing company Tronc will go back to its current name Tribune Publishing. Tronc is the parent company of the New York Daily News and Chicago Tribune. Tronc stood for Tribune Online Content, but received vast ridicule from the U.S. media community.

Denholm to Lead as CIO of Solutions Unit at Aviva Investors

Al Denholm was named Chief Investment Officer for the new solutions unit at Aviva Investors. This is a new position and Denholm is based in London. He will report to Aviva Investors CEO Euan Munro. Denholm was Chief Executive Officer at Prudential Portfolio Management Group.

Hostetter Gets Fresh Start at Russell Investments

Robert Hostetter was named Global Head of Product at Russell Investments. He will report to Michelle Seitz, CEO and Chair of Russell Investments. Previously, Hostetter was Managing Director and Global Head of Product Strategy at AllianceBernstein.

President Trump Wants a Space Force Branch

U.S. President Donald Trump revealed plans at directing the Pentagon to form a new space force branch of the military.

Greenpeace Occupied AP3’s Offices Last Week

[ 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.