Connect with us

Friday SWFI News Roundup, May 6, 2016

Published

on

Round II for Glencore Ag Unit

Glencore plc is in discussions to unload a further 9.9% stake in its agricultural unit. Glencore is on a mission to raise cash and is talking to bidders that lost to Canada Pension Plan Investment Board’s (CPPIB) 40% stake deal. These bidders include the Qatar Investment Authority (QIA), another Canadian pension and Saudi Agricultural and Livestock Investment Co (SALIC), which is owned by the Public Investment Fund (PIF).

New York-Presbyterian Hires Kaiser Permanente’s CIO

New York-Presbyterian, a healthcare non-profit, has hired a new chief investment officer. William Lee will join New York-Presbyterian as CIO. He replaces Gloria Reeg as CIO who is retiring effective June 1, 2016. Lee spent more than 10 years at Oakland-based Kaiser Permanente, America’s largest health care non-profit. Lee also worked at Levi Strauss & Co., where he headed global pension investments.

Temasek and General Atlantic Eye Stake in Aster DM Healthcare

Private equity investor General Atlantic LLC and Temasek Holdings are in talks to buy a minority stake worth between 10% to 15% in Dubai-based Aster DM Healthcare. Aster DM Healthcare is planning to have an initial public offering (IPO). The company oversees a total of 15 hospitals, 80 clinics and 200 pharmacies in the Middle East and India.

OCERS Looks to Ditch AEW Core Fund Over Returns

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

Yield-Hungry Korean Insurance Capital Backs TSX Broadway

Published

on

Mirae Asset Daewoo Co., Ltd., the Seoul-based investment banking firm, has provided a US$ 375 million loan for a redevelopment in New York’s Times Square. It joins L & L Holding Company, Maefield Development, and Fortress Investment Group who are bringing the development known as TSX Broadway to life. The building is at 1568 Broadway in Manhattan. TSX Broadway, a US$ 2.5 billion project when all equity financing is added in, will allow for renovations and expansion of the 46-storey building. An LED screen, which is not an uncommon sight in the Big Apple, will wrap around the corner of the tower. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

OFFICIALS: Saudi Crown Prince Denies Interest in Acquiring Manchester United

Published

on

The Saudi Arabian government dispelled rumors that Saudi Crown Prince Mohammed bin Salman will acquire football club Manchester United. However, Saudi Arabia’s Public Investment Fund (PIF) had talks regarding sponsorship with the football club. Manchester United signed a partnership deal with Saudi Arabia’s General Sports Authority in 2017.

Continue Reading

China’s Central Bank Creates Macro-Prudential Management Bureau

Published

on

The People’s Bank of China (PBOC) created a new department to oversee and attempt to eliminate financial risks to the system. [ 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.