October 21-23, 2012, Singapore (Sentosa Island)
5 continents are represented by our current delegates. Learn, network, and participate in an interactive forum.
We propose an information-driven, marketing-free forum where attendees share insights, engage in forward-looking discussions and learn relevant, timely market intelligence. This is an exclusive event for institutional investors, government officials, and C-Level investment executives who want to interact and build relationships. Discussions and presentations are purely educational. Significant emphasis is placed on peer to peer interactions, with sufficient networking time built into each engagement.
- John Powers, President and Chief Executive Officer, Stanford Management Company (Stanford University)
- José Filomeno de Sousa dos Santos, Representing Angola’s future sovereign wealth fund
- Daniel Hume, Partner, Kirby McInerney LLP
- Fabio Scacciavillani, Chief Economist, Oman Investment Fund
- Jacques Demers, President and Chief Executive Officer, OMERS Strategic Investments
- Otto Heinz, Deputy Head of the Financial Law Division, European Central Bank
|Delegate by Region||Breakout Pct.|
|America, Australia, and Other||32.8%|
Date: August 26, 2012
|Org Type||Breakout Pct.|
|Sovereign Wealth Funds||33%|
|Consulting and Others||8%|
*Includes Central Banks and Ministries of Finance / Date: August 3, 2012
Institute Fund Summit 2012 is a private event. No press is allowed.
Panelists include: View Agenda
- Andrew Smith, Chief Investment Officer – Client Solutions Group, Northern Trust Asset Management
- Sean Glodek, Director, Russian Direct Investment Fund
- Bastian Wolff, Senior Vice President, Private Real Estate, Partners Group
- Mark Weisdorf, CEO & Managing Director – Global Real Assets, JP Morgan Asset Management
- Francis Kwok, Senior Managing Director – Infrastructure, Macquarie
- Felicity Gates, Global Co-Head and Partner, Citi Infrastructure Investors
- Gary Gabriel, Managing Director, Wilshire Associates
- Wang Piau-Voon, Partner, Adams Street Partners
- Raymond Yang, Co-Founder, WestSummit Capital
- Edward Jung, Founder and Chief Technology Officer, Intellectual Ventures
- Véronique Ormezzano, Managing Director, Head of Sovereigns, Supras and Central Banks, BNP Paribas
- Dominic J. Auld, Of Counsel, Labaton Sucharow LLP
- & more
1 The Knolls
Sovereign attendees and public investors are not required to pay a registration fee to attend this event. The Sovereign Wealth Fund Institute has full discretion on who qualifies as a sovereign attendee. In general, sovereign attendees must be employed by a sovereign wealth fund, central bank, ministry of finance, state investment corporation, sovereign wealth enterprise, public pension fund, or governmental pension fund.
U.S. Treasury Secretary Mnuchin revealed the United States is preparing more Turkey sanctions. This stems over the issues with an American pastor in Turkey. Turkey’s lira, has fallen to record lows recently.
The week before, U.S. President Trump announced the doubling of tariffs on Turkish steel and aluminium to 50 and 20 percent, respectively. Turkish president Recep Tayyip Erdoğan has called for a boycott of electronics products of the United States, which includes iPhones (a smartphone product of Apple).
Scott Keller returns to T. Rowe Price as head of global investment management services for Europe, the Middle East and Africa from January 1, 2019. Keller is currently at UBS Global Asset Management, working in the Asia Pacific region, heading efforts in the bank’s institutional and intermediary distribution. Keller joined UBS in 2014. Before UBS, Keller was at T. Rowe Price.
Scott Keller is replacing Peter Preisler at T. Rowe Price. Preisler exited T. Rowe Price in August 2017.
At UBS, Nick Trueman will replace Scott Keller.
Sovereign wealth funds are paying closer attention to the U.S. Federal Reserve as it enters fresh territory under Jay Powell. Powell’s decisions are impacting foreign exchange holdings globally, as central bankers adjust to a newer environment of policy normalization. The United States is not the only country raising interest rates. The Philippines, Argentina, Indonesia, India, Czech Republic, Ukraine and Pakistan are just some emerging market countries that have raise interest rates.
Global institutional investors like BlackRock are concerned that the U.S. dollar could grind higher. In times of increased geopolitical or financial tensions, the greenback is seen as a safe haven by many central banks, sovereign funds and foreign public funds. July marks the 110th month of expansion, a streak that is one year away from becoming the longest in U.S. history. Stronger economic data – with U.S. gross domestic product hitting 4.1% for the second quarter of 2018, rising interest rates, and bids to lower U.S. trade deficits, are making sovereign funds rethink asset allocation or at least shift more assets out of markets like Turkey, South Africa and Brazil. The Turkish lira fell further in August, prompting the country’s central bank to take drastic action. The fallen lira sent jitters across emerging markets and to banks in Southern Europe who have exposure to Turkey. What are sovereign wealth funds doing now?
On the fixed income front, sovereign funds are paying much closer attention to their government bond holdings, keeping a close eye on countries that rely heavily on external funding. Shorter duration bonds and inflation-linked debt can act as a safeguard against rising rates and inflation. Sovereign funds, like Singapore’s GIC Private Limited, are recognizing that global equity returns are less synchronized, thus there is a move to identify select countries and regions being conducted for strategic asset allocation for 2019 and beyond. A stronger greenback, positive U.S. corporate earnings, and rising trade tensions between the U.S. and China are becoming a boon for active equity managers and smart beta funds, as public funds are requesting enhanced levels of skills in navigating stock selection. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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