Connect with us

Friday SWFI News Roundup, December 19, 2014

Published

on

Man Group Buying up U.S. Alternative Management Businesses

Man Group has acquired Stamford-based Silvermine Capital Management. Man Group is looking to augment their presence in the United States, buying up alternative shops. Silvermine Capital Management has US$ 3.8 billion in assets under management. Silvermine is owned by its founders and senior executives. The firm focuses on U.S. levered credit portfolios. The deal is expected to close in the first quarter of 2015, which the company will be integrated under Man GLG, a subsidiary of Man Group. In 2014, the Man Group acquired Merrill Lynch Alternative Investments hedge fund-of-funds business, Numeric Holdings and Pine Grove Asset Management. Berkshire Capital Securities was the financial adviser to Silvermine.

Aviva Investors Has a New Fixed Income CIO

Aviva Investors, the investment arm of Aviva plc, has appointed Mark Connolly as chief investment officer for fixed income. Connolly replaces acting chief investment officer for fixed income Jean-Francois Boulier. Jean-Francois Boulier will continue his role as CEO, France for Aviva Investors. Connolly will report to Aviva Investors CEO Euan Munro. Connolly came from Scottish Widows Investment Partnership (SWIP) where he as a director and head of fixed income.

Goldman Sachs Promotes Waldron to Co-Head of Investment Banking

Goldman Sachs has appointed John E. Waldron to be co-head of the Investment Banking Division. Waldron joins Richard Gnodde and David Solomon to augment and grow Goldman Sachs’ investment banking business. Waldron was global head of Investment Banking Services and Client Coverage. From 2005 to 2007, he was first global co-head of the Financial Sponsors Group. Waldron joined Goldman Sachs in 2000. He assisted media head honcho Rupert Murdoch split his media business into 21st Century Fox and News Corporation. In other news, John S. Weinberg, vice chairman of Goldman Sachs, will focus on client development and other initiatives at Goldman Sachs.

Khazanah Denies Jentayu Danaraksa’s Bid

Khazanah Nasional has denied a proposal from Malaysian venture capitalists, Jentayu Danaraksa Sdn Bhd, to acquire select assets of troubled airliner Malaysia Airlines. Jentayu Danaraksa Sdn Bhd wants to buy the airlines’ parent company Penerbangan Malaysia Bhd (PMB).

State Street Appoints Rogers as President and Chief Operating Officer

State Street Corporation has appointed Michael (Mike) F. Rogers to president and chief operating officer. He will continue to report to Jay Hooley, chairman and CEO of State Street. Rogers joined State Street in 2007 following its acquisition of Investors Financial, where he served as president for six years. In addition, Wai Kwong Seck and Gunjan Kedia were appointed to State Street’s management committee.

GPIF May Change Governance Structure

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

SWFI First Read, September 21, 2018

Published

on

U.S. Public Becomes More Aware that Gmail Scans Emails

Alphabet is a major stock holding for sovereign wealth funds and large pensions. Search giant Google is under fire for allowing third-party partners and companies, like Return Path Inc and other advertisers, to share data from Gmail accounts. Many experts and tech observers already knew this, but more people in the public are becoming aware of Google’s practices when it comes to privacy. Google disclosed in a letter to U.S. lawmakers this finding. The Wall Street Journal reported that in some instances, app companies were able to read people’s emails in order to improve their algorithms. In 2017, Google said they would stop scanning all of one’s Gmail messages for the goal of personalized ads.

GPIF Infrastructure Exposure Almost Reached 200 Billion Yen in March 2018

Japan Government Pension Investment Fund’s (GPIF) exposure to infrastructure real estate was 196.8 billion JPY at the end of March 2018. At that period, 57% of the exposure was to the UK, 15% was to Australia, 15% to Sweden, 10% to Spain and 3% to Finland. 21% of GPIF’s infrastructure portfolio was linked to airports versus 27% to ports.

AIMCo-backed sPower Closes $498.7 Million Bond Deal

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

Continue Reading

Iceland Contemplates a Sovereign Wealth Fund

Published

on

The Government of Iceland is looking to possibly form a sovereign wealth fund to stabilize the country from unforeseen shocks to the national economy. The Iceland government released a statement saying, “The state’s contributions to the Fund will be equivalent to new revenues from publicly owned power production companies which are expected to accrue in the coming years.”

Continue Reading

CBRE Global Wins First GPIF Global Real Estate Mandate

Published

on

Japan Government Pension Investment Fund (GPIF) awarded its first global real estate mandate by hiring CBRE Global Investment Partners Limited. This is a global core real estate fund-of-funds separate account. Overseeing this mandate as a gatekeeper is Asset Management One Co., Ltd., which is a unit of Mizuho Financial Group. This RFP was launched in April 2017.

CBRE Global Investment Partners is the multi-manager arm of CBRE Global Investors.

In addition, on August 8, 2018, GPIF hired two custodians for short-term investments. These custodians are Trust & Custody Services Bank, Ltd and The Master Trust Bank of Japan, Ltd.

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.