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Welsh Pensions Award £15 Billion Pooled Mandate to Russell Investments and Link Asset Services

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The Wales Pension Partnership (WPP), comprised of eight public sector fund councils, has hired Link Asset Services and Seattle-based Russell Investments to help run a collective investment vehicle to pool the pensions’ some £ 15 billion (US$ 20.3 billion) in total assets, with a mandate that includes portfolio construction, cost reduction, currency hedging, transition management, and other services.

Link Asset Services has been chosen to operate the collective investment vehicle, while Russell Investments will provide investment advisory services on its establishment and assist in manager selection for the collective assets. WPP’s passively managed equity and bond holdings, however, will remain under the purview of BlackRock, Inc. BlackRock was awarded the £ 3 billion (US$ 4.22 billion) passive mandate in April of 2016, replacing State Street Global Advisors and Legal & General Investment Management.

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Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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