SWFI First Read, May 19, 2017
Like Others, CPPIB Grows Net Assets
CPPIB grew net assets to C$ 316.7 billion at March 31, 2017. In addition, the portfolio return generated an investment return of 12.2%. The return was calculated differently compared to the previous fiscal year, as well as the classification of asset classes. In the reported fiscal year, CPPIB conducted 182 global transactions.
IHH Healthcare Sells Off Apollo Hospitals Investment
IHH Healthcare Berhad is majority-owned by Khazanah Nasional Berhad. IHH Healthcare sold its entire 4.78% holding in Apollo Hospitals Enterprise Ltd., an Indian hospital chain operator, for around Rs 830 crore (US$ 128 million) through two block trades. IHH Healthcare had owned 6.65 million shares in Apollo Hospitals.
Temasek Holdings Prunes Stake in ICBC
Sovereign wealth funds across the board, like the Qatar Investment Authority (QIA), are slowly selling off their positions in Chinese banks. Singapore’s Temasek Holdings lowered its position in Industrial and Commercial Bank of China (ICBC) from 9.12% down to 8.43%. A regulatory filing showed Temasek unloading 600 million H shares in ICBC for an average price of HK$ 5.023 per share.
U.K. Conservative Party Reveals Statement on Proposed SWF Through Manifesto
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