Connect with us

Ted Eliopoulos Takes #2 on Public Investor 100-2016

Published

on

ted_e_calpersSWFI Staff has released the Public Investor 100. He ranks 2 out of 100 for the SWFI Public Investor 100 – 2016.

To see the full rankings

Ted Eliopoulos holds the pinnacle investment spot at the California Public Employees’ Retirement System (CalPERS). The calm, well-mannered CIO started at CalPERS back in 2007 as a senior investment officer of real estate. But don’t let his calm reputation fool you. Eliopoulos played competitive tennis in his college for years, earning Men’s All-Time First Team All-Ivy League for doubles in 1986.

As global properties plummeted in value during the crisis, the new investment officer had a massive portfolio of real estate exposures dumped on him. The speculative land deals and other opportunistic property investments were major disasters. During the crisis and afterwards, Eliopoulos started reforming the real estate platform, seeking to cut an endless roster list of real estate managers, while cutting back on highly speculative land deals. It is true that the CalPERS real estate portfolio hasn’t fully recovered since the financial crisis, but Eliopoulos and his staff made important changes to operations and future allocations to help mitigate future issues.

It was in the Fall of 2014 that the Dartmouth-grad was named CIO of CalPERS. The CalPERS board made an interesting choice turning to someone who was trained as a lawyer, with a stint at Latham & Watkins, for the role of chief investment officer. Before CalPERS, Eliopoulos had never directly managed stocks or bonds in an institutional setting. However, he has a tremendous amount of internal manpower and a highly-sought after investment consultant to give him advice on which direction to take the massive pension giant.

Eliopoulos enacted another significant reform in the CalPERS investment units. He reluctantly exited the pension giant out of hedge funds, creating shockwaves on Wall Street and having other pensions make similar moves. A bold move from which we have yet to see the full result.

QIA Becomes the Largest Shareholder in Colonial

Published

on

The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Mumtalakat Discloses Investment in Khairat Bahrain

Published

on

Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

Continue Reading

Temasek Acquires Cybersecurity Firm Sygnia

Published

on

Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

[ 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.