Connect with us

Nigeria Sovereign Investment Authority Selects 3 Managers for Stabilization Fund

Published

on

Uche Orji, CEO of the NSIA

Uche Orji, CEO of the NSIA

The Nigeria Sovereign Investment Authority (NSIA) has appointed three new asset managers for their Stabilization Fund – 1 of 3 sovereign funds. The intent of the Stabilization Fund is to behave as a buffer against short-term macroeconomic instability. The Stabilization Fund has a conservative-orientation where capital preservation in nominal terms is of high importance. The fund is restricted to investing in investment grade sovereign and corporate fixed income assets.

UBS was chosen to manage the U.S. Treasury bond portfolio while Credit Suisse and Goldman Sachs were chosen to manage the investment grade U.S. corporate bond portfolio.

Uche Orji, CEO of the NSIA, commented in a press release that “this marks another important milestone for NSIA and follows a comprehensive process of review and evaluation of world class candidates for this mandate. The appointment of three leading global investment banks to assist with the management of the Stabilization Fund – drawing on the particular expertise of each to match our investment management requirements – will help us achieve the economic policy objectives set for NSIA and attain the highest standards of financial stewardship to which NSIA aspires.”

CDPQ Boosts Stake in Azure Power

Published

on

Disclosed on October 17, 2018, Caisse de dépôt et placement du Québec (CDPQ), through CDPQ Infrastructures Asia Pte Ltd., increased its stake in Azure Power Global Limited, a listed Indian solar power producer. CDPQ increased its ownership in Azure Power to 40.3% ownership by a US$ 100 million commitment in a recent capital raise. Post-deal, CDPQ has invested US$ 240 million in Azure Power.

Transaction

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

Continue Reading

Invesco Lost a Big SWF Equity Mandate

Published

on

Invesco celebrated its landmark acquisition to acquire OppenheimerFunds from MassMutual. Invesco faced some outflows on its active management side of the business. In the third quarter of 2018, Invesco had outflows from two sovereign wealth funds, which totaled approximately US$ 2.5 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Sky News Reveals CPPIB Eyeing Gatwick Airport

Published

on

Mark Kleinman of Sky News revealed that the Canada Pension Plan Investment Board (CPPIB) is seeking to purchase a stake in Gatwick airport. The transaction could be more than £3 billion GBP, as CPPIB seeks to acquire a 42% in the airport from Global Infrastructure Partners. Furthermore, CPPIB would invest more capital into the airport if the deal goes through.

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.