Connect with us

SWFI First Read, November 9, 2018

Published

on

CalSTRS Approves Sacramento HQ Campus Extension

The California State Teachers’ Retirement System (CalSTRS) plans to invest up to US$ 300 million to grow its West Sacramento headquarters campus for future lease. CalSTRS currently occupies 409,000 square feet of space at the building. With work expected to be completed in the middle of 2021, the approved construction of another 275,000 square feet of office space will add more than 200,000 square feet of leasable office space. The building expansion is expected to be financed through lease revenue bonds, which could be green bonds.

Investcorp Bullish on U.S.

At the Investcorp Strategic Partners Conference in Paris, the company’s chairman Mohammed Bin Mahfoodh Alardhi made some statements including to invest more into the United States, due to a booming economy. Investcorp’s U.S. real estate spend is around US$ 1 billion per annum. Investcorp is also looking at senior secured corporate debt opportunities.

Hunter Lewis Liquidates Cambridge Associates’ Shares

Hunter Lewis is a Co-Founder of Cambridge Associates, an investment consulting firm. Lewis is in the process of selling his shares in a pursuit to fund his philanthropic endeavors. Earlier in 2018, Cambridge Associates sold a 20% stake to Brussels-based Sofina SA.

Japan’s GPIF Awards Nissay Asset Management with ESG Disclosure Mandate

Published

on

Increasingly asset owners across the Asia-Pacific region are studying the impacts of environmental, social, and governance factors on listed companies. As more Japanese pensions augment asset allocation to listed equities, the importance of corporate non-financial disclosures and practices becomes clear. These disclosures can have a material impression on company stock prices. In addition, Japanʼs Stewardship Code and Corporate Governance Code in 2014 and 2015 were launched, respectively. These codes helped the (environmental, social, and governance) ESG concept gain momentum in Japan.

Japan’s Government Pension Investment Fund (GPIF), the largest public pension fund in the world, awarded a research mandate to Nissay Asset Management Corporation. The mandate entails studying ESG disclosures. The study will conduct a comparable analysis on ESG standards and practices, while taking into account input from both investors and companies. With around US$ 110.5 billion in assets under management, Nissay Asset Management is owned by Japanese life insurance giant Nippon Life Insurance Company.

As GPIF boosted its allocation to domestic equities, the asset owner took a deeper look into the impact of ESG on equity investing. GPIF is keen on improving efficiencies in Japan’s capital markets. GPIF is a universal owner of stocks, similar in some aspects to what Norway’s Government Pension Fund Global (GPFG) does.

Continue Reading

Norges Bank Real Estate Management Buys Central Paris Property

Published

on

Norges Bank Real Estate Management, the real estate unit of Norges Bank Investment Management (oversees Norway Global Pension Fund Global), has signed an agreement to acquire a 100 percent interest in an office property located on 54-56 rue la Boétie in central Paris.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Schlumberger Gets Closer to Eurasia Drilling Company

Published

on

Russia’s sovereign wealth fund, the Russian Direct Investment Fund, and American oilfield services giant Schlumberger (SLB) have planned a deal to invest in Russia’s Eurasia Drilling Company Limited. RDIF CEO Kirill Dmitriev made the announcement. [ 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.