Connect with us

TOBAM Stepping Out into Fixed Income Smart Beta

Published

on

In an October 9th announcement, TOBAM unveiled a brand new fixed income smart beta strategy: Anti-Benchmark US Credit Strategy. The Paris-based asset manager entered the smart beta equity space in 2006, and this is their first foray into fixed income. According to a press release, a leading institutional investor seeded the strategy with an initial contribution of US$ 30 million in May 2014.

“The heavy structural biases that plague market-cap weighted equity indices plaque issuer-weighted bond indices just the same,” said Christophe Roehri, Head of Business Development, in the statement. “Investors are coming to realize that issuer-weighted corporate bond indices do not provide a diversified risk allocation. The Anti-Benchmark US Credit strategy is the result of years of pioneering research and provides investors with a unique strategy in the fixed income world.”

For the new strategy, TOBAM is applying its patented maximum diversification methodology to fixed income in an attempt to capture the credit risk premium. In terms of benchmarks, the strategy strives for lower volatility and returns of 120 basis points higher than the Merrill Lynch US Corporate Index by 120 basis points per year.

Emirates NBD Acquires Turkey’s Denizbank in $3.2 Billion Deal with Sberbank

Published

on

In a bid to establish itself as one of the region’s leading providers of financial services, Emirates NBD – Dubai’s largest bank – has entered into a deal to acquire a 99.99% stake in Turkey’s DenizBank A.Ş. for a bargain price of US$ 3.2 billion from Russian state-owned lender Sberbank. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Brazilian President Michel Temer Orders Liquidation of Sovereign Wealth Fund

Published

on

Brazilian President Michel Temer signed an executive order to shut down the country’s sovereign wealth fund. The money in the sovereign fund will go toward repayment of foreign debt.

The Sovereign Fund of Brazil, also known as Fundo Soberano do Brasil, was formed in 2008.

The formation of the Fundo Soberano do Brasil was authorized by then Brazilian President Luiz Inacio Lula da Silva.

Continue Reading

CDPQ Boosts Stake in Invenergy Renewables

Published

on

Caisse de dépôt et placement du Québec (CDPQ) boosted its ownership stake in Chicago-based Invenergy Renewables LLC. [ 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.