Friday SWFI News Roundup, July 25, 2014
CWCapital Asset Management’s Massive Sale of Distressed CMBS
According to Trepp, LLC, a provider on CMBS data and analytics, the first 5 months of 2014, 431 commercial mortgage-backed security loans adding to US$ 7.7 billion were liquidated with losses. Nearly 70% of the liquidated losses were between February and March. CWCapital Asset Management’s massive sale of distressed assets through CBRE and auction.com accounted for the majority of the liquidation amount.
APG Appoints Philip Neyt as Senior Advisor
Dutch pension provider APG Groep N.V. has appointed Philip Neyt, the former CEO for the pension fund of Belgian telecommunications company Belgacom, to be a senior advisor on the strategy and policy team. The senior advisor role is a new position.
In a press release, Dick Sluimers, CEO at APG, commented that Neyt’s “broad network will strengthen our stakeholder management in Brussels and abroad.”
CIT Buys OneWest Bank
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The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.
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2 weeks agoSaudi Sovereign Fund Buys Big Stake in Tesla
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2 weeks agoPGGM Acquires Solar and Wind Assets in USA
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2 weeks agoPipeline Politics Entangles US, Qatar, and China
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3 weeks agoDEEP DIVE: CPPIB Makes its Case for Core Infrastructure
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1 week agoPuget Sound Energy is now Majority Owned by Public Pensions
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3 weeks agoHong Kong Monetary Authority Reveals Life Annuity Scheme
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2 weeks agoBNY Mellon Hires Akash Shah, Embraces Future of Finance Mentality