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Denmark’s ATP Returns 10% for 2012



The press release states, “Denmarks largest pensionsfund ATP delivered satisfactory results in 2012. The return was DKK 58bn and the profit for the year DKK 10bn. This profit level means that ATP’s reserves now amount to DKK 84bn and the assets under management to DKK 624bn.

“As a pension fund, it’s crucial that we deliver stable returns year after year. I am pleased that in the middle of one of the worst economic slumps we are once more in a position to deliver a good result for 2012. With a return of DKK 58bn, ATP’s robust investment strategy has once more shown its worth,” says Acting CEO Henrik Gade Jepsen.

The majority of ATP’s return of DKK 45bn was achieved by hedging activities. The remaining part – DKK 13bn – comes from investment activities and in particular from listed domestic equities, private equities and credit investments. Overall, ATP’s return on investment was 10 per cent according to the Danish Financial Supervisory Authority’s method of accounting.

ATP’s net profit in 2012 was DKK 10bn. The profit has boosted ATP’s reserves, which at the end of 2012 amounted to DKK 84bn. ATP’s assets under management total DKK 624bn.

“With the return for 2012 we have once more delivered satisfactory results that ensure ATP can meet the guaranteed lifelong pensions. Furthermore, ATP still has the financial leeway to deliver stable returns in the years to come – for the benefit of the ATP members,” says Henrik Gade Jepsen.

In 2012, ATP paid out DKK 12bn in pension benefits and DKK 9bn in tax on pension-savings returns to the Danish government in 2012.”

Read more: ATP Press Release

DP World and NIIF Joint Venture Embarks on First Investment



Hindustan Infralog Private Limited, the US$ 3 billion joint venture formed in January 2018 between DP World and the National Investment and Infrastructure Fund (NIIF) to invest in ports, logistics and warehousing, agreed to acquire 90% of Continental Warehousing Corporation (Nhava Seva) Limited for US$ 400 million. 10% is being retained by the company’s founders – the Reddy family. Adi Keshav Reddy is the founder of Continental Warehousing. This is the first investment of the Hindustan Infralog platform.

The sellers include Warburg Pincus India Pvt Ltd, International Finance Corporation (IFC) and Aureos Capital, a joint venture between the CDC and Norfund that was acquired by Abraaj Capital.

Barclays, Citi and Detusche Bank advised on the transaction.

Continental Warehousing was formed in 1997 and is one of India’s biggest container warehousing firms – operating container freight stations and private freight terminals across India. In April 2011, Warburg Pincus invested in Continental Warehousing, committing US$ 100 million. In December 2015, IFC invested US$ 25 million in equity and lent US$ 35 million in debt to Continental Warehousing.

In India, DP World has been operating container port terminals since 1997.

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SWFI First Read, March 18, 2018



Surbana Jurong and China Vanke Tie up Deal for Industrial Town Projects

Surbana Jurong, a real estate development company focused on urban projects, inked a deal with China Vanke to partner on new industrial towns in China’s midwest regions. Surbana Jurong is majority-owned by Singapore’s Temasek Holdings. The first joint project is Vanke’s Jianzhou Dream Town in Chengdu. Surbana will provide the design for this project.

PIF Eyes Hollywood Talent

Saudi Arabia’s Public Investment Fund (PIF) is looking at investing in a less than 10% stake in Endeavor, LLC, a talent agency holding entity of WME for a reported US$ 400 million.

Alex Wilmot-Sitwell of BAML Resigns

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Mubadala Invests in No Fly Zone Drone Radar Company



Data Collective led a US$ 15 million Series A round into Salt Lake City-based Fortem Technologies, Inc., a company that works on solutions that can detect, identify and classify drones in real time to maintain airspace safety. Other investors in the round include Boeing, Mubadala Investment Company, Manifest Growth, New Ground Ventures and Signia Venture Partners.

Ibrahim Ajami, Head of Mubadala Ventures said in the press release, ” Mubadala is excited to work with Fortem and its outstanding leadership team to help grow its business to new markets.”

Ajami added, “We strongly believe the TrueView radar is essential to maintain a safe airspace for both the aircraft and the critical infrastructure on the ground.”

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