SWFI First Read, May 25, 2017

UBS Wins Big Global Smart Beta Mandate from a U.S. State Pension

The Iowa Public Employees’ Retirement System awarded a global smart beta equity manager mandate to UBS Asset Management. The contract is pending final negotiations. The allocation is 3% of the total pension’s portfolio, which has around US$ 28.5 billion in assets.

Khazanah Nasional Buys Stake in SigFox

Khazanah Nasional Berhad acquired a minority stake in France-based SigFox, a company operating in the Internet of Things (IoT) sector. Other investors in SigFox include Alto Invest, Salesforce Ventures, Henri Seydoux, Swen CP, Tamer Group and Total.

SigFox was advised by Lazard. Skadden, Arps, Slate Meagher & Flom LLP was the legal advisor for SigFox.

CQS Hires Global Head of Credit

Hedge fund CQS hired Nicholas Pappas, the former co-CEO of BlueMountain Capital Management’s European business, as Global Head of Credit. Pappas will join CQS at the end of summer this year.

Pappas joined BlueMountain Capital Management from Goldman Sachs, where he worked in leverage finance trading and research.

Air Astana and Kazatomprom Select Advisers for Planned 2018 IPOs

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