Connect with us

Friday SWFI News Roundup, July 11, 2014

Published

on

Illinois State Board of Investment Terminates William Blair for Bad Performance

The Illinois State Board of Investment terminated a US$ 580 million active U.S. midcap growth equities mandate being managed by Chicago-based William Blair & Co. William R. Atwood, executive director of the pension entity, stated it was due to performance reasons. The fund proceeds were migrated to a Russell midcap Growth index fund, managed by State Street Global Advisors – adding to a total of US$ 1.31 billion. Atwood will keep the assets with State Street Global Advisors and not underwrite another search for a replacement active manager.

Bumi Gives More Equity to the CIC

Bumi Resources, Indonesia’s biggest coal producer by volume, confirmed that it moved a 19% stake in Kaltim Prima Coal to the China Investment Corporation (CIC). This transfer is part of a debt-to-equity deal bartered on October 2013. Bumi owes the CIC US$ 1.99 billion in the form of a principal loan, deferred interest and make-whole costs. The transfer deal has reduced CIC’s exposure to US$ 1.04 billion.

Malaysia Airlines May go Private

The scandal-plagued Malaysia Airlines is facing a major restructure. The disappearance of flight MH370 has affected the airlines financials. Controlled by Khazanah Nasional, the airlines may delist from the exchange. The national carrier of Malaysia is working with CIMB Investment Bank on a restructuring plan.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

MAS Seeks to Commit $5 Billion to Private Equity and Infrastructure Managers

Published

on

From U.S. pension funds to asset-heavy sovereign wealth funds, Singapore is calculating that more institutional investor assets globally are being committed to the Asia region. The Monetary Authority of Singapore (MAS), Singapore’s central bank, signaled and planned to commit US$ 5 billion with locally-based fund managers who will invest in private enterprises and infrastructure projects. The beneficiaries of the mandates will be private equity and infrastructure fund managers. MAS is seeking to lure top global asset managers to Singapore and firms that have a significant footprint in Singapore could be eligible for the funds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Ivanhoe Cambridge Acquires Cap Ampere Campus from Natixis

Published

on

In one of the largest transactions in the French office sector, Ivanhoé Cambridge, real estate subsidiary of Caisse de dépôt et placement du Québec (CDPQ), has acquired a 90,000 square meter office-building campus from Natixis, in the Greater Paris area of Saint-Denis Pleyel. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

GIC Supports CapitaLand Shanghai Investment on Haimen Road

Published

on

GIC Private Limited, Singapore’s sovereign wealth fund, has entered into a 50:50 joint venture with Raffles City China Investment Partners III (RCCIP III), a fund controlled by CapitaLand. The joint venture is acquiring Shanghai’s tallest twin towers for an aggregate consideration of RMB 12.8 billion (US$ 1.84 billion). The property is located in Shanghai’s core Central Business District.

Development Details

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

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.