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SWFI First Read, August 4, 2017

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U.S. Senate Confirms J. Christopher Giancarlo as CFTC Chairman

The U.S. Senate unanimously confirmed J. Christopher Giancarlo as Chairman of the Futures Trading Commission (CFTC). Giancarlo has been the interim CFTC chairman since January 2017. The last official CFTC chairman was Timothy Massad who had resigned. In addition, the U.S. Senate also confirmed Brian Quintenz and Rostin Behnam as CFTC commissioners. Brian Quintenz was Founder, Managing Principal and Chief Investment Officer of Saeculum Capital Management. Quintenz was originally nominated by then U.S. President Barack Obama in 2016. He was also nominated by U.S. President Donald Trump in May 2017. Behnam was Senior Counsel for the U.S. Senate Committee on Agriculture, Nutrition and Forestry.

Raine Group and Temasek Eye SoundCloud Investment

The Raine Group and Singapore’s Temasek Holdings are in talks regarding buying a stake in music streaming service SoundCloud Ltd. SoundCloud had closed offices in London and San Francisco.

Temasek Sells Aetos Holdings to Surbana Jurong

Temasek Holdings sold 100% ownership of Aetos Holdings, a licensed auxiliary police force company, to Surbana Jurong Private Limited, a Singaporean government-owned consultancy company focusing on infrastructure and urban development.

David Grim to Exit SEC

David W. Grim plans to exit the U.S. Securities and Exchange Commission (SEC) in September 2017. He is currently Director of the Investment Management (IM) division. Grim has been with the SEC since 1995, starting as a staff attorney. He was promoted to the director of the IM division in 2015.

ADIA Takes a Bet on UK Pension Buyouts

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After months and months of speculation and rumors, the Abu Dhabi Investment Authority (ADIA) pulled the trigger to acquire up to 21.4% of the shares of the Pension Insurance Corporation Group from funds advised by J.C. Flowers & Co. Pension Insurance Group Corporation is the parent company of Pension Insurance Corporation (PIC), a specialist insurer and provider of bulk annuities to U.K. corporate pensions schemes. PIC has in excess of £25 billion in financial assets. Increasingly, U.K. companies are keen on reducing or removing financial and operational risks related to their defined benefit pension obligations.

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Matt Whineray Officially Named CEO of NZ Super Fund

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On June 19, 2018, the Board of the Guardians of New Zealand Superannuation (NZ Super Fund) officially appointed Matt Whineray as chief executive officer. He has been acting CEO of the sovereign wealth fund since March 2018. Whineray joined the organization in 2008 as general manager, private markets and in 2014 became chief investment officer. The appointment is effective July 1, 2018.

An executive search was conducted when Adrian Orr decided to take the governor job at New Zealand’s central bank.

Here is an interview SWFI conducted with Matt Whineray.

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SWFI First Read, June 19, 2018

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Tronc to Revert to Original Name – Tribune Publishing

Publishing company Tronc will go back to its current name Tribune Publishing. Tronc is the parent company of the New York Daily News and Chicago Tribune. Tronc stood for Tribune Online Content, but received vast ridicule from the U.S. media community.

Denholm to Lead as CIO of Solutions Unit at Aviva Investors

Al Denholm was named Chief Investment Officer for the new solutions unit at Aviva Investors. This is a new position and Denholm is based in London. He will report to Aviva Investors CEO Euan Munro. Denholm was Chief Executive Officer at Prudential Portfolio Management Group.

Hostetter Gets Fresh Start at Russell Investments

Robert Hostetter was named Global Head of Product at Russell Investments. He will report to Michelle Seitz, CEO and Chair of Russell Investments. Previously, Hostetter was Managing Director and Global Head of Product Strategy at AllianceBernstein.

President Trump Wants a Space Force Branch

U.S. President Donald Trump revealed plans at directing the Pentagon to form a new space force branch of the military.

Greenpeace Occupied AP3’s Offices Last Week

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