Connect with us

SWFI First Read, October 25, 2017

Published

on

Storebrand Agrees to Buy Asset Manager Skagen

Storebrand has agreed to acquire Skagen Funds through a combination of Storebrand shares and cash. The sales price was 1.629 billion NOK. Storebrand could pay up to 2 billion NOK depending on Skagen meeting certain financial targets over the next two years.

Skagen will continue to operate as a separate brand within the Storebrand family.

CIC, Global Infrastructure Partners and PSP Investments Acquire Equis Energy’s Wind and Solar Portfolio

An investor group led by Global Infrastructure Partners (through Global Infrastructure Partners III) acquired 100% of the equity interests in the wind and solar power renewable energy portfolio from Singapore-based Equis Pte. Ltd. Other investors in the consortium include the China Investment Corporation (CIC) and PSP Investments. The investor group acquired the assets for an enterprise value of US$ 5 billion, with US$ 1.3 billion in debt. The buyers will assume the debt liabilities. The equity value of the deal is US$ 3.7 billion.

The deal is expected to close in the first quarter of 2018.

CalSTRS and ABP Buy Exposure in Three Western U.S. Solar Assets

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Santander and Broadridge Test Blockchain at Bank’s AGM

Published

on

Spanish banking giant Banco Santander, S.A. and Broadridge Financial Solutions, Inc. did something significant in the world of investor voting. In a bid to improve the process of proxy voting during annual general meetings, blockchain technology was implemented as a side process. Sovereign wealth funds, mutual funds, hedge funds, pension funds and other investors could benefit from greater vote transparency and ease of access on participation, as a growing number of companies have fragmented shareholder bases.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

SWFI First Read, May 19, 2018

Published

on

GIC is Financially Backing Water’s Edge Development in Los Angeles

Singapore’s GIC Private Limited and Newport Beach-based Marshall Property & Development are financial partners in the development called Water’s Edge in Playa Vista, a neighborhood in Los Angeles. The project is being led by Rockwood Capital.

Sumitomo Mitsui Asset Management Company and Daiwa SB Investments Inked MoU to Merge

On May 11, 2018, a Memorandum of Understanding (MoU) was signed for the merger of Sumitomo Mitsui Asset Management Company, Limited and Daiwa SB Investments Ltd. The proposed merger is subject to the approval of regulatory authorities. Sumitomo Mitsui Asset Management Company’s strengths is selling to mostly Japanese life and non-life insurance companies, while Daiwa SB Investments is stronger in the pension fund and corporate client market.

HSBC Securities Services Hires Bill Muia

HSBC Securities Services, part of the HSBC empire, hired Bill Muia as director for sales and business development, targeting U.S. asset managers and asset owners. Muia is based in New York and report to Scott Markowitz, Head of Sales and Business Development for the Americas at HSBC Securities Services. Previously, Muia worked at RBC Investor and Treasury Services and JP Morgan.

Temasek Capital Flows into AU Small Finance Bank for Raise

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Vontobel Asset Management Promotes Wittwer to CEO

Published

on

Vontobel Asset Management, Inc. named Thomas Wittwer as CEO. He replaces Philipp Hensler, who has served as CEO of Vontobel Asset Management since 2014. Philipp Hensler decided to leave the company to pursue an executive role elsewhere. Hensler was named co-CEO, along with Rajiv Jain in 2014. [ 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.