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Top 10 Sovereign Wealth Fund Game-Changers of 2014

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top 10 gamechangers

Smart beta, healthcare investing, private equity, institutional real estate and multi-asset strategies were some popular themes for institutional investors in 2014. Highlighting the importance of sovereign investors, sovereign wealth funds surpassed US$ 7 trillion in assets, being a bigger investor market, in terms of asset under management, compared to U.S. defined-benefit plans. Year over year, more sovereign wealth funds are engaging in direct transactions and participating in co-investments with private equity funds, pensions and specialist investors. According to SWFI’s proprietary Sovereign Wealth Fund Transaction Database, funds like Singapore’s GIC Private Limited and Qatar Investment Authority (QIA) have contributed to boosting direct deals in the world of SWFs. Our staff has formed a list of the top ten game-changers that will set the pace for sovereign wealth funds in 2015.

10.) Real Estate Investment in Asian Emerging Markets
With greater frequency, sovereign wealth funds have been allocating toward real estate in emerging markets in Asian countries such as India, Indonesia and Malaysia. Even massive Canadian pension giants like CPPIB have been investing in Indian real estate. In February, CPPIB Credit Investments Inc., a subsidiary of CPPIB, and Piramal Enterprises Limited agreed to a deal for providing rupee debt financing to residential developments across India’s urban corridors. In November, GIC Private Limited entered into a deal with Rajawli Group, an Indonesian developer, to jointly invest up to US$ 500 million in equity toward Indonesian property projects.

9.) More Sovereign Wealth Funds Embracing Smart Beta
A number of sophisticated institutional investors like Norway’s sovereign wealth fund are alienating traditional fund managers for specialist funds and strategies. Globally, more sovereign wealth funds are taking a greater look at smart beta or factor-based strategies. In September, New Mexico State Investment Council (NMSIC) embarked on a search for one or more smart beta managers to manage US$ 1 billion. Learn more about our smart beta study: here

8.) Ground Game in America
A number of sovereign funds dialed back investments in emerging markets such as Mubadala Development Co. Deal data from SWFI’s Sovereign Wealth Fund Transaction Database astutely pointed out that America was in vogue financially speaking in 2014. With more investment activity in the U.S., sovereign wealth funds have begun augmenting staff, forging alliances and hiring advisors. In June, Temasek Holdings opened a New York office to complement offices in Mexico City and São Paulo. Norway’s sovereign wealth fund hired more people in New York, adding to its real estate capabilities.

7.) Sovereign Wealth Centers on Successful Startups
Sovereign wealth funds are investing in some of the most popular late-stage startups covered by trend technology blogs such as TechCrunch, PandoDaily and Re/code. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

NZ Super Names Three New Board Members

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New appointments have been made to the Board of the Guardians of New Zealand Superannuation Fund (NZ Super). The appointments were made on July 19, 2018. The three new board members are Catherine Drayton, Simon Botherway and Henk Berkman.

According to the NZ Super press release, “Simon Botherway’s appointment runs from 1 August 2018 to 30 September 2021. He is a professional director with a history in investment, investment regulation and supervision. Other board roles have included his current position as Chair of Serko, a director on Callaghan Innovation and previously being the Chair of the FMA Establishment Board and a member of the Securities Commission.

Henk Berkman will serve from 1 October 2018 to 30 September 2022. He has been Professor of Finance, Department of Accounting and Finance at the University of Auckland since 2008. Mr Berkman has held previous professorial positions at Massey University, University of Sydney and the University of Maastricht.

Catherine Drayton will serve from 1 November 2018 until 30 September 2022. She is a Christchurch-based director who previously led the Assurance and Advisory Practice for PwC in Central Eastern Europe. Her public sector governance experience includes her current role as Chair of Christchurch International Airport and as a member of the University of Canterbury Council. Her experience as a Director of Ngai Tahu Holdings has provided her with iwi governance experience.”

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AIMCo Names Former Talisman Energy Executive to Board

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The Alberta Investment Management Corporation (AIMCo) appointed Jacqueline (Jackie) Sheppard as a member of the board of directors for a term set to expire on June 30, 2021. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Grant & Eisenhofer Reveals Fortis Investors to Receive $1.5 Billion in Mega Settlement

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Law firm Grant & Eisenhofer won a landmark case for its clients after a seven-year legal duel in Dutch courts. On July 13, 2018, the Amsterdam Court of Appeals officially approved the largest securities settlement ever reached in Europe, paving a path for international insurance company Ageas N.V./S.A. to begin payment of US$ 1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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