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Boosting Liquidity, GIC Braces for More Volatility

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gic_wall_towerSingapore’s GIC Private Limited posted a drip in real returns as its 20-year annualized real rate of return fell to 4% from 4.9% from the previous period of fiscal year 2014-2015. GIC investment officials see modest growth prospects, more uncertainty and a higher degree of volatility in the macro economy and markets, according to their latest annual report. GIC believes the world is in a low-yield environment, thus management is running a more defensive portfolio. However, the GIC is still a major player when it comes to the world of private equity. According to data from SWFI’s Sovereign Wealth Fund Transaction Database, GIC has been in the top #10 ranking of direct wealth fund investors many years in a row. With a staff of more than 1,300 employees, the GIC remains opportunistic when it comes to making large-scale investments and co-investments.

View Institutional Investor Profile of GIC

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SWFI First Read, April 20, 2018

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Knut Kjær Named to Supervisory Board of APG

APG Asset Management, which oversees Stichting Pensioenfonds ABP, named Knut Kjær as a member of its supervisory board. Kjær is currently Chairman and Partner at FSN Capital Partners, a Nordic private equity firm. He was founding chief executive of Norges Bank Investment Management, which oversees Norway Government Pension Fund Global.

Norway SWF to Vote for More Disclosures on Two Canadian Companies

In a unique move, Norges Bank Investment Management, the manager of Norway Government Pension Fund Global, plans to support a vote in favor on a proposals for climate change reporting for TransCanada Corporation and support a vote in favor of Canada’s Imperial Oil Limited to disclose water-related risks.

Jo Holden Promoted at Mercer to UK CIO

Jo Holden has been named U.K. Chief Investment Officer at investment consulting firm Mercer. She is based in Liverpool and replaces Steven Blackie who exited to be Head of Global Product Strategy for Aviva Investors. Holden has been at Mercer since 2002.

Hyundai Investments Aggregates Korean Capital for 3i European Operational Projects Fund

Hyundai Investments Co. Ltd. raised €180 million from South Korean institutional investors, mostly insurance companies, to commit to 3i European Operational Projects Fund, a PPP fund managed by 3i Group.

Cityhold Office Partnership Grows By Forming a New Property Partnership with EDGE Olympic

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Battea: 2017 Securities Class Action Industry Lookback and Observations

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This article is sponsored by Battea.

Source: Battea

There has been incredible growth in securities and antitrust class action litigations and settlements, particularly as they have unfolded in 2016 and 2017. The number of new cases and settlements from traditional securities litigation to antitrust rate rigging, spread inflation and other forms of collusion are at an all time high and shows no signs of slowing down.

With several multi-billion dollar litigations related to Libor, Euribor and Tibor rates, and spread manipulations, the securities, foreign exchange and antitrust class and collective actions litigation space rose exponentially in 2017.

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Blackstone Reaches US$ 450 Billion in AUM

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The Blackstone Group LP, led by its CEO Stephen A. Schwarzman, grew its assets under management for the first quarter of 2018 up to a smashing record of US$ 449,613,826,000 – a 22% increase from the first quarter of 2017 (only US$ 344,650,797,000 was fee-earning AUM though). For the first quarter of 2018 – asset inflows were US$ 18.2 billion, bringing last-twelve-month inflows to a record US$ 112.2 billion.

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