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BlackRock Pushes Hedge Fund Strategies to Sovereign Wealth Funds

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BlackRock NY

Asset heavy, seeking higher yields – sovereign wealth fund medley – is embracing hedge fund strategies left and right. Behemoth asset managers like BlackRock are offering hedge fund strategies to generate higher fees and compete with traditional hedge funds like Och-Ziff Management, Brevan Howard Asset Management, BlueCrest Capital Management and Dalio’s Bridgewater Associates. Sovereign funds like the Abu Dhabi Investment Authority (ADIA), Alaska Permanent Fund, Australia’s Future Fund and Kuwait Investment Authority (KIA) have been adopters of hedge funds. Wealth funds and other public institutional investors are engaging the cozy hedge fund community. In February, David George of Australia’s Future Fund, head of debt and alternatives, joined the board of directors at the Hedge Fund Standards Board (HFSB). Australia’s Future Fund has allocation toward in a macro-directional strategy through BlackRock Alternative Advisors (BAA), a unit of BlackRock that providers tailored hedge fund solutions to institutional investors.

To boost sales, BlackRock hired an investment executive from the asset owner side.

The Massive Market of Gulf-Based Sovereign Wealth Funds

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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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. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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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. ]

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Temasek Wants More of Ola, Careem Acquires Commut

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ANI Technologies, which owns ride-hailing app Ola, is in key talks with Temasek Holdings and South Africa-based Naspers LLC on raising capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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