Connect with us

More Public Asset Owners Open Offices in London

Published

on

On March 28, 2014, Singapore’s Temasek Holdings celebrated the official opening of its European office in London at the fancy Millennium Copthorne Mayfair Hotel. Guests included Prime Minister of Singapore Lee Hsien Loong and Temasek Chairman Lim Boon Heng.

Prime Minister Lee said to an audience during his London trip, “Singapore and London are two cities, perched off the shores of two continents, but connected by an intertwined history and many personal ties and friendships.”

Increasingly, public asset owners are choosing London as their European office destination. In another note, the $100 billion British Columbia Investment Management Corporation (bcIMC) announced intentions to open its first foreign office in London. bcIMC has around $12.4 billion invested in UK and European markets.

“We consider the UK and Europe to be an important market with long-term growth opportunities,” said Doug Pearce, Chief Investment Officer / Chief Executive Officer, bcIMC in a press release. “Having a bcIMC presence in London reflects our global focus. It will strengthen our existing relationships with investment partners and enhance our ability to commit patient capital within European markets and in so doing, grow the long-term financial value of our clients’ funds.”

In the beginning of the year, the Alberta Investment Management Corporation (AIMCo), that manages public wealth from Alberta, opened a London office. AIMCo had similar reasons of opening a London office compared to other large Canadian public investors.

Altitude Infrastructure Gets Financing on Haute-Garonne Network Project

Published

on

Altitude Infrastructure SAS inked a 25-year concession agreement and closed a debt financing package for the deployment and maintenance of an ultra-high-speed broadband network in Haute-Garonne. Haute-Garonne is a department in the south of France.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Guggenheim Partners Agrees to Acquire Millstein & Co.

Published

on

On July 11, 2018, Guggenheim Partners inked a deal to acquire New York-based Millstein & Co., L.P., an advisory firm formed by Jim Millstein. Millstein will become co-Chairman of Guggenheim’s securities business. Millstein & Co. will become part of Guggenheim Securities, the investment banking division of the company. Ronen Bojmel will lead the combined Guggenheim restructuring team.

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

Continue Reading

GIC Holds Steady, Maintains Cautious Investment Stance

Published

on

Singapore’s GIC Private Limited returned a 5-year return of 6.6% ended March 31, 2018. At March 2018, GIC had increased cash and nominal bonds up 2% to 37% of the total portfolio, while lowering exposure to developed market equities from 27% to 23%.

GIC CEO Lim Chow Kiat commented in his annual letter in the FY 2017-2018 report that, “In view of the high asset valuations, the increased risk of monetary policy tightening across different jurisdictions and the elevated uncertainty, we maintain a cautious investment stance. Nevertheless, we remain ready to take advantage of potential dislocations. The jump in market volatility experienced in early 2018 offered an indication of potentially bigger market turbulence and opportunities in the future.”

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.