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SWFI – Movers and Shakers – February 7, 2017

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Executive Shuffle at BlueBay Asset Management

Eric Gerth will become the Chief Executive Officer of BlueBay Asset Management LLP effective around May 2017. Previously, he was Global Head of Business Development at BlueBay Asset Management since December 2012. Before BlueBay Asset Management, he was the Chief Executive of Global Business Development at Aviva Investors London Limited.

Gerth replaces Alex Khein who plans to leave BlueBay Asset Management at the end of 2017 to pursue a new venture related to technology and money management. In addition, Khein is also co-CEO of BlueBay Asset Management’s parent entity RBC Global Asset Management. The other co-CEO Damon Williams will become the sole CEO of RBC Global Asset Management when Khein exits.

Last, Cenk Turkinan will take over Gerth’s role as Head of Business Development at BlueBay Asset Management.

Heard Capital Adds Albright Stonebridge Group Executive to Board of Advisors

Chicago-based Heard Capital LLC is a hedge fund founded by William Heard. Michael Warren, Managing Principal of Albright Stonebridge Group (ASG) in Washington, D.C., will join the Heard Capital’s Board of Advisors. Warren is chief executive of ASG, responsible for overall strategic direction, growth and management. In addition, Warren is a Trustee of the District of Columbia Retirement Board, DC’s public pension fund and serves on the Board of Trustees of the Commonfund.

Amundi Hires Sunny Leung for ETF Role

Sunny Leung was named as Head of Amundi ETF, Indexing and Smart Beta Sales, North Asia, at Amundi Asset Management. Previously, Leung was an Assistant Vice President at State Street Global Advisors (SSgA), working on business development for SPDR ETFs in the Asia ex-Japan region. Leung replaced Yvonne Ng who exited Amundi at the end of 2016.

Michael Anstey to Lead Healthcare Investment Efforts at Cambridge Innovation Capital

Michael Anstey joined Cambridge Innovation Capital, which invests in intellectual property-rich companies from the University of Cambridge and the wider research and business community around the Cambridge region, as an investment director. Anstey will focus on healthcare opportunities. Before this role, he was a Principal in the Healthcare practice at the Boston Consulting Group (BCG) in Toronto. Cambridge Innovation Capital is the only preferred investor for the University of Cambridge.

Chase Brogan Joins TSG Consumer Partners

Chase Brogan was hired by San Francisco-based TSG Consumer Partners, LLC, a private equity firm, to be a principal. Before this role, Brogan led corporate development efforts at Guthy|Renker, a direct marketing company focused on beauty, skincare, entertainment and wellness products. Brogan is an investor in ipsy and serves on its Board of Directors. Brogan started his career as an investment banker with Bear, Stearns & Co. and Banc of America Securities.

SWFI First Read, September 21, 2018

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U.S. Public Becomes More Aware that Gmail Scans Emails

Alphabet is a major stock holding for sovereign wealth funds and large pensions. Search giant Google is under fire for allowing third-party partners and companies, like Return Path Inc and other advertisers, to share data from Gmail accounts. Many experts and tech observers already knew this, but more people in the public are becoming aware of Google’s practices when it comes to privacy. Google disclosed in a letter to U.S. lawmakers this finding. The Wall Street Journal reported that in some instances, app companies were able to read people’s emails in order to improve their algorithms. In 2017, Google said they would stop scanning all of one’s Gmail messages for the goal of personalized ads.

GPIF Infrastructure Exposure Almost Reached 200 Billion Yen in March 2018

Japan Government Pension Investment Fund’s (GPIF) exposure to infrastructure real estate was 196.8 billion JPY at the end of March 2018. At that period, 57% of the exposure was to the UK, 15% was to Australia, 15% to Sweden, 10% to Spain and 3% to Finland. 21% of GPIF’s infrastructure portfolio was linked to airports versus 27% to ports.

AIMCo-backed sPower Closes $498.7 Million Bond Deal

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Iceland Contemplates a Sovereign Wealth Fund

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The Government of Iceland is looking to possibly form a sovereign wealth fund to stabilize the country from unforeseen shocks to the national economy. The Iceland government released a statement saying, “The state’s contributions to the Fund will be equivalent to new revenues from publicly owned power production companies which are expected to accrue in the coming years.”

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CBRE Global Wins First GPIF Global Real Estate Mandate

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Japan Government Pension Investment Fund (GPIF) awarded its first global real estate mandate by hiring CBRE Global Investment Partners Limited. This is a global core real estate fund-of-funds separate account. Overseeing this mandate as a gatekeeper is Asset Management One Co., Ltd., which is a unit of Mizuho Financial Group. This RFP was launched in April 2017.

CBRE Global Investment Partners is the multi-manager arm of CBRE Global Investors.

In addition, on August 8, 2018, GPIF hired two custodians for short-term investments. These custodians are Trust & Custody Services Bank, Ltd and The Master Trust Bank of Japan, Ltd.

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