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SWFI First Read, January 11, 2017

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Image Credit: CSPAN
U.S. President Barack Obama gives his farewell speech in Chicago at McCormick Place.

Vontobel Asset Management Hires Suzanna Wong for Int. Sales for Asia

Vontobel Asset Management hired Suzanna Wong as head of intermediary sales for Asia. Wong was Regional Head for Asia-Pacifc at Banque SYZ, a Swiss private bank, since 2014. Banque SYZ is closing its asset management unit in Hong Kong, after a decade-long attempt to grow assets.

In-Q-Tel Participates in Series B Round in Phantom

Palo Alto-based Phantom, a security automation and orchestration platform, raised US$ 13.5 million in a Series B round. Venture capital firm Kleiner Perkins Caufield & Byers led the Series B round. Investors joining this round include TechOperators Venture Capital, the Blackstone Group, Foundation Capital, In-Q-Tel, Rein Capital, Zach Nelson, and John W. Thompson. John W. Thompson is the former Chairman of Microsoft Corporation and Symantec. Zach Nelson is the CEO of San Mateo-based NetSuite, Inc. In April 2015, Phantom raised US$ 2.7 million in a seed round.

Bryan Weeks Returns to Russell Investments

Bryan Weeks returned to Russell Investments after being Chief Executive Officer of Seattle-based Silver Creek Capital Management. Weeks will be Head of Americas Institutional Business at Russell Investments. He replaces Greg Gilbert who is leaving Russell Investments. Bryan Weeks had joined Silver Creek Capital Management in 2005.

Hawaii State Pension System Faces Solvency Issues

Residents of Hawaii, on average, live 81.3 years, among the longest lifetimes in the United States, beating out California. The Employees’ Retirement System (ERS) of the State of Hawaii has an actuarial funding ratio (based on smoothed asset value) of 54.7% for 2016, under new assumptions from Gabriel Roeder Smith & Company, the state’s independent actuarial consultant. The old 2016 assumptions were 61.2%. The actuary has determined it would take 66 years to make the pension system solvent.

ICD Invests in Swiss Banking Phone App

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NZ Super Names Three New Board Members

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New appointments have been made to the Board of the Guardians of New Zealand Superannuation Fund (NZ Super). The appointments were made on July 19, 2018. The three new board members are Catherine Drayton, Simon Botherway and Henk Berkman.

According to the NZ Super press release, “Simon Botherway’s appointment runs from 1 August 2018 to 30 September 2021. He is a professional director with a history in investment, investment regulation and supervision. Other board roles have included his current position as Chair of Serko, a director on Callaghan Innovation and previously being the Chair of the FMA Establishment Board and a member of the Securities Commission.

Henk Berkman will serve from 1 October 2018 to 30 September 2022. He has been Professor of Finance, Department of Accounting and Finance at the University of Auckland since 2008. Mr Berkman has held previous professorial positions at Massey University, University of Sydney and the University of Maastricht.

Catherine Drayton will serve from 1 November 2018 until 30 September 2022. She is a Christchurch-based director who previously led the Assurance and Advisory Practice for PwC in Central Eastern Europe. Her public sector governance experience includes her current role as Chair of Christchurch International Airport and as a member of the University of Canterbury Council. Her experience as a Director of Ngai Tahu Holdings has provided her with iwi governance experience.”

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AIMCo Names Former Talisman Energy Executive to Board

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The Alberta Investment Management Corporation (AIMCo) appointed Jacqueline (Jackie) Sheppard as a member of the board of directors for a term set to expire on June 30, 2021. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Grant & Eisenhofer Reveals Fortis Investors to Receive $1.5 Billion in Mega Settlement

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Law firm Grant & Eisenhofer won a landmark case for its clients after a seven-year legal duel in Dutch courts. On July 13, 2018, the Amsterdam Court of Appeals officially approved the largest securities settlement ever reached in Europe, paving a path for international insurance company Ageas N.V./S.A. to begin payment of US$ 1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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