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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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Mergermarket Gets Ready to be Sold

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Private equity firm BC Partners hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to advise on the sales of Acuris. Acuris is a collection of financial news and data sites, which includes Mergermarket, Dealreporter, and Debtwire. In 2017, BC Partners sold around a 30% stake in GIC Private Limited.

Before the rebranding to Acuris, Mergermarket was part of The Financial Times Group until 2013 when it was sold off to BC Partners.

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Why Japan Post Sees Promise in Aflac

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Aflac Inc. is an American insurance company founded in 1955. The company is the biggest provider of supplemental insurance in the United States. Aflac also has major operations in Japan.

In December 2018, Japan Post Holdings (JPHLF) signaled it was spending US$ 2.64 billion for a 7-8 % stake in Aflac. The goal is that, in four years time, Aflac will become an affiliate of Japan Post. Japan Post hopes to accomplish this by becoming the largest voting shareholder of the company. The world’s 13th largest company, with 400,000 employees, Japan Post needs to expand to chase further growth, mainly because Japan Post expects the postal business to decline. Diversification is seen as the optimal route to long term stability for the holding company. Japan’s economy is worrying. Japan’s aging population means that many insurance companies are facing a shrinking customer base, Japan Post settled on a plan to expand overseas.

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RDIF and Development Agency of Serbia Agree to Explore Joint Investments

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The Russian Direct Investment Fund (RDIF) and the Development Agency of Serbia, also known as Razvojna agencija Srbije, reached an agreement to work together to identify attractive investment projects to strengthen bilateral economic ties and increase investment flows between Russia and Serbia. Russian capital and businesses are keen on investing in Serbia.

In addition, the two countries signed an agreement to cooperate on civil nuclear energy, according to state-owned Russian reactor builder Rosatom (Rosatom State Nuclear Energy Corporation). Rosatom continues to expand it business of nuclear cooperation deals in a wide number of countries.

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