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Sovereign Wealth Funds Poised to Reach $7 Trillion by 2015

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sovereign wealth fund assetsAs of November 2014, sovereign wealth fund assets totaled US$ 6.977 trillion compared to US$ 6.106 trillion in December 2013. This nearly US$ 900 billion increase can be attributed by improvements in investment returns and capital flows into sovereign wealth fund vehicles. In December 2007, sovereign wealth fund assets amounted to US$ 3.259 trillion. This unprecedented growth in public assets is having tremendous influence toward policymaking, economic stability, investment banking and asset management.

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By taking an average quarterly SWF asset growth figure from (December 2010 to September 2014) which equates to 3.16%, by December 2016, sovereign wealth funds could reach US$ 9 trillion in assets. Tweaking it to 5% quarterly growth in assets, by December 2016, sovereign wealth fund assets would be at US$ 10.3 trillion.

World’s Biggest Sovereign Wealth Funds

In addition, the world’s largest sovereign wealth funds, funds above US$ 100 billion, are the most active in making direct investments. Some of the world’s biggest sovereign wealth funds are the Abu Dhabi Investment Authority, Norway’s Government Pension Fund Global and the China Investment Corporation. According to data from the Sovereign Wealth Fund Transaction Database, sovereign wealth funds in total invested US$ 17.5 billion for the 1st 3 quarters of 2014 compared to US$ 12.95 billion for the 1st 3 quarters of 2013 in direct real estate.

ADIA Seeks to Sell KIC Headquarters

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The Abu Dhabi Investment Authority (ADIA) is seeking to sell the building that houses the headquarters of the Korea Investment Corporation (KIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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BMO and OTPP Test Blockchain Canadian Dollar Debt Deal

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The Bank of Montreal (BMO) and the Ontario Teachers’ Pension Plan (OTPP) participated in a landmark blockchain Canadian-dollar debt transaction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Just Group Acquires Corinthian Pension Consulting

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Just Group plc acquired a 75% ownership stake in the holding company of Corinthian Pension Consulting Limited (Corinthian Pension Consulting). Operating in the institutional world for over 12 years, Corinthian Pension Consulting provides advisory services to defined-benefit pension scheme trustees and scheme sponsors undertaking bulk scheme exercises. The remaining 25% will be retained by current shareholders of Corinthian Pension Consulting. Robert MacGregor will continue to lead Corinthian Pension Consulting, as its Chief Executive Officer. Furthermore, Corinthian Benefits Consulting Limited and Corinthian Affinity Solutions Limited will continue to operate as before, becoming part of a newly formed holding company, Corinthian Group Holdings Limited.

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