Friday SWFI News Roundup, September 11, 2015
GE Asset Management for Sale
General Electric is looking to find a buyer for GE Asset Management which runs US$ 115 billion in assets. The ideal buyer is another investment management firm. Sales proceeds would be funneled into the pension trust. Credit Suisse is advising GE on the sales process.
“GE Asset Management has world-class investment capabilities and an experienced, talented team that has done a terrific job managing assets for benefit plans serving G.E. employees and retirees, as well as other investors,” Jeffrey R. Immelt, G.E.’s chairman and chief executive, said in a statement.
APG CEO Sluimers to Resign
After more than two decades at the €417 billion Dutch pension manager, APG CEO Dick Sluimers is resigning. Sluimers will step down at the start of 2016. He will also step down as chairman of the board on January 1, 2016. Sluimers considered 2016 to be a natural point in time to step down.
China Life Keen on Boosting Overseas Mandates
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