The World Ocean Council, a registered not-for-profit organization, issued a press release on May 1, 2016. World Ocean Council CEO Paul Holthus participated as a panelist at SWFI’s Institute Fund Summit 2016 Asia in Singapore.
The press release states, “In the keynote interview at the Sovereign Wealth Fund Institute Summit (SWFI) – Singapore, 24-25 April, 2016 – the World Ocean Council (WOC) CEO, Paul Holthus, described for institutional investors the opportunities for investing in responsible ocean economic development.
Holthus provided an overview of the ocean economy and recent trends for wealth fund operators and asset managers during the interview conducted by Jacques Demers, Managing Partner of Agawa Partners and Agawa Fund Management. He highlighted the opportunities for long term investment in key sectors, including port infrastructure development and adaptation, sustainable fisheries and aquaculture, offshore renewable energy and other areas.
Carl Linaburg, Chairman of the Sovereign Wealth Fund Institute, said, “Our Institute has been actively supporting and conducting research into the potential for fiduciary institutional investors to pursue ocean focused investment opportunities. Paul’s introduction, at our Asia Institute Summit, of both the World Ocean Council and the range and scale of potential ocean related investment opportunities was a serious “eye-opener” that our members and participants fully welcomed and appreciated”.
The plans for the WOC “Ocean Investment Platform” were outlined to the SWFI Summit participants. The platform development follows on from the Sustainable Ocean Summit (SOS) 2015 session on “Investment and innovation for ocean sustainable development”. The WOC “Ocean Investment Platform” will provide a global structure and process to bring the investment community together with major ocean use companies and the companies providing the technology and solutions for ocean sustainable development challenges.
The platform will be a forum to identify, articulate and evaluate ocean industry opportunities for investment in responsible ocean development. Through this, and collaboration with other forward-thinking platforms such as the Sovereign Wealth Fund Institute, the WOC will facilitate synergies and economies of scale among investors and the ocean business community as a way to accelerate ocean sustainable development.”
If you thought red meat-centric investments ended back in 2007 with Trump Steaks, think again. Singaporean sovereign wealth funds Temasek Holdings and GIC Private Limited are reportedly working alongside London-based Metric Capital Partners to buy a US$ 200 million minority stake in D.ream Group, according to the Financial Times. An entertainment-focused subsidiary of Turkey’s Doğuş Group valued at nearly US$ 1.5 billion, D.ream owns of a number of high-end dining establishments – including the steakhouse chain founded by Turkish chef Nusret Gökçe, better known on social media platform Instagram as Salt Bae.
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Mitsubishi Corporation sold a 5% stake in Capula Investment Management LLP, a hedge fund, to Dai-Ichi Life Insurance Company.
Mitsubishi sold the stake to focus on other areas of investments such as real estate and logistics.
Mitsubishi acquired the hedge fund stake in October 2008. Capula Investment Management was formed in 2005 by Yan Huo and Masao Asai, as a spin-off from Mitsubishi UFJ Securities International. In 2012, the Petershill fund managed by Goldman Sachs acquired a 20% stake in Capula Investment Management.
OMERS Infrastructure Management, formerly known as Borealis, signed an agreement to buy Leeward Renewable Energy, LLC, a U.S. wind-power developer, owner and operator from affiliates of infrastructure management firm ArcLight Capital Partners, LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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