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Friday SWFI News Roundup, March 27, 2015

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TRS Delivers 8.51% for 2014 Return

The Teacher Retirement System of Texas posted an 8.51% return for 2014, beating its policy index by 0.04%. The highest performing asset class for the pension system was stable value which posted 21.4%. Real return asset class posted 10.2%, followed by risk parity at 8.1% in return. Directional hedge funds for the system generated -0.7% in return.

BlackRock Intrigued by Mexican Infrastructure, Invests in Energy Sector

BlackRock is seeking to allocate capital to infrastructure developments in Mexico, specifically in energy. BlackRock just inked a deal with Petróleos Mexicanos (PEMEX). BlackRock and First Reserve kicked in US$ 900 million for a 45% stake in a pipeline project, Los Ramones II pipeline. The energy infrastructure feeds U.S. natural gas into central Mexico. The pipeline is expected to be completed at the end of 2016.

BlackRock already has a presence in Mexico City through its iShares business. In addition, BlackRock’s infrastructure investment group has about US$ 6 billion in assets under management.

SAFE Grants Fidelity Investments QFII Quota Exceeding US$ 1 Billion

In the past, only sovereign wealth funds, central banks and other official institutions, were allowed Qualified Foreign Institutional Investor (QFII) quotas of an excess of US$ 1 billion. China’s State Administration of Foreign Exchange (SAFE) has granted Fidelity Investments Management (Hong Kong) Ltd a total quota of US$ 1.2 billion to invest in Chinese listed equities and bonds. This is the first time a foreign money manager has been granted a QFII quota exceeding US$ 1 billion.

Saudi Government Re-Orgs Public Institutional Investor Funds

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Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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