Connect with us

Janet Yellen Wins #1 on Public Investor 100-2015

Published

on

Janet Yellen

Janet Yellen

SWFI Staff has released the Public Investor 100. She ranks 1 out of 100 for the SWFI Public Investor 100 – 2015.

To see the full rankings

The September head fake by the Federal Reserve on interest rates took many notable economists by surprise. Macroeconomists and investment strategists have experienced a challenging endeavor analyzing Janet Yellen’s “fedspeak.” Back in August, The Wall Street Journal surveyed economists over a 5-day span. According to a survey, 82% believed the Federal Reserve’s first rate increase would have come in September. Conversely, 13% believed the Federal Reserve would wait till December. At this point, Yellen’s been conservative in her bid to eventually raise interest rates. Under her leadership, the board has increased contentions on raising rates, as deciphering economic data and job growth figures are dizzying in an era of QE-backed policy. Yellen is a consensus builder, a trait which will translate into an administration that will take thought-out bets on monetary policy.

Yellen, who took the reins from Ben Bernanke, won the role from Lawrence Summers, the former Treasury Secretary. To some, Summers was abrupt and at times polarizing, which played into Yellen’s favor, as she was more discreet and conciliatory. Yellen was able to gain some senatorial Republican support. Yellen’s duties remain the most influential and important posts in regard to global finance and investments – the center of her agenda is the real economy. Known by peers and colleagues for being prudent, Yellen brings a diverse background to the Fed chair role. Most notably, she is the first woman to hold the position. In addition, Yellen was chair of the White House Council of Economic Advisers during U.S. President Bill Clinton’s administration. After the Clinton era, she returned to UC Berkeley. In 2004, Yellen became president of the Federal Reserve Bank of San Francisco. After Barack Obama’s inauguration, by 2010, Yellen was positioned as vice-chair of the Board of Governors.

What makes Yellen tick? We know that she is influenced by many notable economist, including, and most especially, John Maynard Keynes has profoundly impacted her way of thinking. Keynes idea of governments being able to puppet interest rates, modify government spending and taxes for the sake of preventing depressions linked to moden capitalism resonated with Yellen.

Why BlackRock Angled the EU Toward a Massive Supranational Pension Fund

Published

on

BlackRock is the world’s largest asset management firm and the company wields tremendous political power whether operating in the United States, Mexico, and parts of Europe. Before the populist wave that led to Brexit, BlackRock bet large in Europe by increasing headcount and lobbying efforts. By 2015, BlackRock CEO Larry Fink proposed the formation of a cross-border personal pension fund for Europe. Fink was keenly aware of the Capital Markets Union project that was revealed in July 2014 by European Union Commission President Jean-Claude Juncker. For BlackRock, why compete in each eurozone country when you can possibly win a mandate for the whole pie of Europe. The European pension fund market is hyper-competitive for asset management firms. Other asset managers like Vanguard have lobbied Brussels over issues like the cross-border distribution of funds, but data shows that BlackRock is far more active than its U.S. peers.

EU’s Definition of PEPP

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

Continue Reading

Malaysia’s Federal Land Development Authority Seeks to Restructure

Published

on

Malaysia’s Federal Land Development Authority (FELDA), a government agency, is looking to restructure its investment holdings in a bid to reduce debt. The restructuring on the real estate side started in the middle of 2017. The government agency wants to lower its debts of 8.03 billion MYR (US$ 1.94 billion) down to 6.5 billion MYR. The restructuring could take over two years.

FELDA is seeking to dispose of assets which includes real estate in London. FELDA is an investor in student housing in London through its main unit called Felda Investment Corporation (UK properties owned by FIC UK Properties Sdn Bhd). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Former Iran Central Bank Governor Banned from Leaving Country

Published

on

Iran remains in a very fragile financial state as more Iranian bank loans appear to delinquent, while the currency continues to lose value against the U.S. dollar. State-run Tasnim news agency reported that Valiollah Seif, the former Governor of the Central Bank of Iran, is banned from leaving Iran. Seif is under investigation by the Iranian government over possible corruption in the currency market. Some of the central bank’s deputies have been arrested. Abdolnaser Hemmati replaced Valiollah Seif as central bank governor in July 2018. Valiollah Seif was dismissed from his post as governor.

[ 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.