SWFI First Read, April 20, 2018
Knut Kjær Named to Supervisory Board of APG
APG Asset Management, which oversees Stichting Pensioenfonds ABP, named Knut Kjær as a member of its supervisory board. Kjær is currently Chairman and Partner at FSN Capital Partners, a Nordic private equity firm. He was founding chief executive of Norges Bank Investment Management, which oversees Norway Government Pension Fund Global.
Norway SWF to Vote for More Disclosures on Two Canadian Companies
In a unique move, Norges Bank Investment Management, the manager of Norway Government Pension Fund Global, plans to support a vote in favor on a proposals for climate change reporting for TransCanada Corporation and support a vote in favor of Canada’s Imperial Oil Limited to disclose water-related risks.
Jo Holden Promoted at Mercer to UK CIO
Jo Holden has been named U.K. Chief Investment Officer at investment consulting firm Mercer. She is based in Liverpool and replaces Steven Blackie who exited to be Head of Global Product Strategy for Aviva Investors. Holden has been at Mercer since 2002.
Hyundai Investments Aggregates Korean Capital for 3i European Operational Projects Fund
Hyundai Investments Co. Ltd. raised €180 million from South Korean institutional investors, mostly insurance companies, to commit to 3i European Operational Projects Fund, a PPP fund managed by 3i Group.
Cityhold Office Partnership Grows By Forming a New Property Partnership with EDGE Olympic
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Sovereign wealth fund giant Norway Government Pension Fund Global (GPFG) is an investor in Tesla, holding a 0.48% stake at the end of 2017. GPFG owns roughly 1.4% of all globally listed company shares, minus stocks from its exclusion pool. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Distressed Beijing-based holding company Anbang Insurance Group is set to sell its U.S. luxury hotel properties, which were purchased for US$ 5.5 billion from the Blackstone Group in 2016. This is a move to raise quick cash, following the firm’s seizure at the hands of the Chinese government six months ago. Bids had already been ongoing for selected properties, including the famed Essex House Hotel, overlooking Manhattan’s Central Park. The portfolio of hotels is strategically placed in geographically diverse regions, including Miami and Chicago. Anbang is looking to cash in on the properties quickly, as its properties in China are already being liquidated. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Norway’s Government Pension Fund Global (GPFG) returned 1.8% for the second quarter of 2018. Listed equity investments generated a 2.7% return for the period, while fixed income returned 0%. Unlisted real estate investments posted a 1.9% return for the second quarter. In addition, the Norwegian krone depreciated against the U.S. dollar during the quarter. Furthermore, 2 billion NOK was withdrawn from the fund.
“North American and European stocks had a positive development in the quarter despite the prospect of increased trade barriers. This made a positive contribution to the fund’s return,” says Trond Grande, Deputy CEO of Norges Bank Investment Management, according to the press release.
-
2 weeks agoSaudi Sovereign Fund Buys Big Stake in Tesla
-
3 weeks agoPGGM Acquires Solar and Wind Assets in USA
-
2 weeks agoPipeline Politics Entangles US, Qatar, and China
-
2 weeks agoNew CFIUS Could Impact Private Equity Raising and Profits
-
2 weeks agoPuget Sound Energy is now Majority Owned by Public Pensions
-
4 weeks agoDEEP DIVE: CPPIB Makes its Case for Core Infrastructure
-
3 weeks agoHong Kong Monetary Authority Reveals Life Annuity Scheme
-
2 weeks ago
CPPIB and ESR Form Platform to Target Korean Logistics