Connect with us

Temasek Looks to Purchase Stake in Johor Development

Published

on

Singapore’s Temasek Holdings is in discussions to purchase a stake in a major project in Malaysia’s southern state of Johor. The 4 billion ringgit (US$ 1.26 billion) project is a residential and commercial waterfront development project that overlooks the Straits of Johor. Lido Boulevard is located in zone A of Iskandar Malaysia and is in close proximity to Johor Bahru’s Central Business District. The Lido Boulevard project is a joint venture between Central Malaysian Properties Sdn Bhd (CMP) and State Secretary Johor Inc. State Secretary Johor Inc. is the holding company of the Johor state government.

The Straits of Johor is what separates Singapore from Malaysia.

Temasek Holdings is looking to purchase a portion of Vincent Tan’s 47% stake in CMP. Johor crown prince Tunku Ismail Ibrahim Iskandar holds another 30% of the company.

ADIA Takes a Bet on UK Pension Buyouts

Published

on

After months and months of speculation and rumors, the Abu Dhabi Investment Authority (ADIA) pulled the trigger to acquire up to 21.4% of the shares of the Pension Insurance Corporation Group from funds advised by J.C. Flowers & Co. Pension Insurance Group Corporation is the parent company of Pension Insurance Corporation (PIC), a specialist insurer and provider of bulk annuities to U.K. corporate pensions schemes. PIC has in excess of £25 billion in financial assets. Increasingly, U.K. companies are keen on reducing or removing financial and operational risks related to their defined benefit pension obligations.

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

Continue Reading

Matt Whineray Officially Named CEO of NZ Super Fund

Published

on

On June 19, 2018, the Board of the Guardians of New Zealand Superannuation (NZ Super Fund) officially appointed Matt Whineray as chief executive officer. He has been acting CEO of the sovereign wealth fund since March 2018. Whineray joined the organization in 2008 as general manager, private markets and in 2014 became chief investment officer. The appointment is effective July 1, 2018.

An executive search was conducted when Adrian Orr decided to take the governor job at New Zealand’s central bank.

Here is an interview SWFI conducted with Matt Whineray.

Continue Reading

SWFI First Read, June 19, 2018

Published

on

Tronc to Revert to Original Name – Tribune Publishing

Publishing company Tronc will go back to its current name Tribune Publishing. Tronc is the parent company of the New York Daily News and Chicago Tribune. Tronc stood for Tribune Online Content, but received vast ridicule from the U.S. media community.

Denholm to Lead as CIO of Solutions Unit at Aviva Investors

Al Denholm was named Chief Investment Officer for the new solutions unit at Aviva Investors. This is a new position and Denholm is based in London. He will report to Aviva Investors CEO Euan Munro. Denholm was Chief Executive Officer at Prudential Portfolio Management Group.

Hostetter Gets Fresh Start at Russell Investments

Robert Hostetter was named Global Head of Product at Russell Investments. He will report to Michelle Seitz, CEO and Chair of Russell Investments. Previously, Hostetter was Managing Director and Global Head of Product Strategy at AllianceBernstein.

President Trump Wants a Space Force Branch

U.S. President Donald Trump revealed plans at directing the Pentagon to form a new space force branch of the military.

Greenpeace Occupied AP3’s Offices Last Week

[ 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.