Connect with us

SWFI – Movers and Shakers – April 8, 2015



SEC Exam Chief Bowden Leaves for Private Sector

Securities and Exchange Commission (SEC) Exam Chief Andrew Bowden is leaving the agency at the end of April to return to the private sector. Bowden was head of the SEC’s Office of Compliance Inspections and Examinations, becoming director in June 2013. He joined the SEC in November 2011. Before his work at the SEC, Bowden had a long stint at Legg Mason Capital Management.

Bowden made financial media headlines when he commented at a private equity event, “By far, the most common observation our examiners have made when examining private equity firms has to do with the adviser’s collection of fees and allocation of expenses. When we have examined how fees and expenses are handled by advisers to private equity funds, we have identified what we believe are violations of law or material weaknesses in controls over 50% of the time.”

CIFC Asset Management Hires Julian Weldon

New York-based CIFC Asset Management hired Julian Weldon as head of corporate strategy. In this new role, Weldon will work with CIFC Co-Presidents Steve Vaccaro and Oliver Wriedt and help expand the company’s non-CLO business. Weldon comes from Garrison Investment Group where he served as general counsel and chief compliance officer. Before 2008, Weldon was senior counsel in the banking department at law firm Allen & Overy.

Sovereign Wealth Fund GIC Hires More Junior Bankers

Singapore’s GIC Private Limited hired Charlie Wagner from UBS Investment Bank to be an associate in the infrastructure group in New York. Wagner spent a year at UBS working in investment banking in the global power and renewable energy group. Before that, Wagner was an investment banking analyst at RBS working in power and utilities.

Hanno Rejoins AlpInvest from Partners Group

Eric Hanno is rejoining AlpInvest, a unit of The Carlyle Group, as a principal. Hanno was Senior Vice President of Direct and Primary Investments at Partners Group AG. Hanno worked at AlpInvest as an associate from March 2010 to March 2011. Hanno is an advisory board member at the Colorado State University Institute for Entrepreneurship.

ABP Appoints Two New Supervisory Board Members

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

SWFI First Read, March 21, 2018



GIC Lowers Stake in Tesco

On March 19, 2018, Singapore’s GIC Private Limited lowered its stake in Tesco PLC, a supermarket chain, from 3.1% to below 3%.

QuadReal Eyes London Diggs

QuadReal, the re-branded real estate unit of bcIMC, plans to open its first overseas office in London. QuadReal already has offices in Vancouver, Toronto and Calgary.

PGIM Hires Howard Nowell

Howard Nowell was hired by PGIM’s institutional relationship group as a managing director. Nowell is based in London. Nowell will focus on large institutional accounts in the United Kingdom and Europe. Previously, Nowell was a Managing Director focused on U.K. institutional clients at BlackRock.

PGIM is part of U.S.-based Prudential Financial, Inc.

Continue Reading

Franklin Resources to Acquihire Random Forest Capital



Franklin Resources, Inc. acquired San Francisco-based Random Forest Capital, LLC, an investment firm with expertise in data science and non-bank marketplace lending (areas of consumer, residential and commercial credit). Random Forest Capital was formed in 2016 and post-deal will join the Franklin Templeton Fixed Income Group investment team. In April 2017, Random Forest completed its seed round raising US$ 1.75 million from a pool of angel investors. Random Forest is co-founded by Austin D. Trombley, who worked on the data infrastructure and data strategy for online lender Prosper for two years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

GIC and Hostplus Invest in DNA Testing Technology Company



Singapore’s GIC Private joined other investors in a £100 million round to invest in U.K.-based Oxford Nanopore Technologies Limited (ONT). Other investors in the round include China Construction Bank International (through CCB International (Holdings) Limited), Australian superannuation fund HostPlus (invested £11 million) and Oxford Nanopore’s existing investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading


© 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.