Connect with us

SWFI First Read, April 23, 2017

Published

on

Schroders to Buy Adveq

In a bid to diversify into the lucrative world of alternative investments, Schroders PLC, a FTSE 100 investment management company, made its move to buy Adveq Holding AG (Adveq), a specialist private equity business. Adveq was founded in Zurich in 1997. Bruno E. Raschle, Executive Chairman of the Board of Directors at Adveq, is the principal shareholder of Adveq Holding. At 2015, the majority of Adveq’s clients are mostly located in Europe, according to filing data.

In the press release, it state, “there will be no changes to the investment team, process or strategies that Adveq manage on behalf of clients.”

Law firm Debevoise & Plimpton LLP was the legal advisor for Adveq Holding and its shareholders regarding its acquisition by Schroders.

State Street Beefs up Asset Owner Business with New Hires

State Street Corporation hired Hemant Bhide to serve as the head of the U.S. Asset Owner business, and Bruce Shain to serve as a senior vice present and client service department manager. Bhide will report to Stephen Nazzaro, executive vice president at State Street and head of Asset Owners for the Americas. Bruce Shain will report to Bhide.

Previously, Bhide was a Partner at PricewaterhouseCoopers (PwC) in the financial services advisory practice.
Previously, Shain was at BNY Mellon, working as a managing director and segment head of U.S. Corporate, Government and Non-Profit businesses.

GIC Buys Two Blocks of Student Housing from Frasers Property Australia

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

China Helps Pakistan’s Foreign Reserves

Published

on

Despite Pakistan witnessing an increase in exports, the rapid increase in crude prices and lackluster financial inflows, have affected the country’s balance of payments position. Trying to avoid a full-scale currency crisis, Pakistan is also dealing with a fiscal budget deficit and a current account deficit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Russia-Japan Investment Fund to Back Wood Pellet Production in Russia

Published

on

The Russian Far East has a lot of timber, and for that wood pellets is a source of biofuel. A while back, the Russian Direct Investment Fund (RDIF) formed the Russia-Japan Investment Fund (RJIF) with the Japan Bank for International Cooperation (JBIC). RDIF and JBICIG Partners as part of RJIF, together with RFP Group and Japan’s Prospect Co., Ltd. have agreed to collaborate and consider potential investments in Russia’s biofuel industry. JBICIG Partners is a subsidiary of the Japan Bank for International Cooperation.

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

Continue Reading

RDIF Lures Asian Investors Toward Russian Surgical Robot Project

Published

on

The Russian Direct Investment Fund (RDIF) is partnering with a number of unnamed Asian co-investors to allocate capital toward a project to create and manufacture Russian surgical robots. [ 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.