Friday SWFI News Roundup, July 15, 2016

GETTING BIGGER: BlackRock’s AUM Reaches Record High BlackRock, the world’s largest publicly traded money manager, reported assets under management of US$ 4.89 trillion from June 2016. This is up from 3.6% a year earlier and 3.2% from March 2016. BlackRock CEO Lawrence Fink in a quarterly press release stated, “We are seeing increasing evidence that […]

Friday SWFI News Roundup, August 28, 2015

Can Risk Parity Hurt the Recovery? Many institutional investors, especially U.S. pensions, have adopted the concept of risk parity and have applied it to their portfolios. There are estimates that around US$ 500 billion in assets are allocated to risk parity strategies and about 40% of those assets are allocated toward listed equities. The recent […]

Friday SWFI News Roundup, April 25, 2014

Korea Investment Corporation Considers Beijing Office The Korea Investment Corporation (KIC) is considering opening up a Beijing office, joining other sovereign wealth funds like the Kuwait Investment Authority, Qatar Investment Authority and GIC Private Limited. The sovereign wealth fund has a US$ 400 million quota under China’s QFII program. Temasek Holdings’ Offer for Olam is […]

Temasek to Own Company That Handles 12.5% of Cocoa Destined for Chocolate Bars

On March 14, Breedens Investments Pte. Ltd., a sovereign wealth enterprise of Singapore’s Temasek Holdings, made a conditional cash offer for Olam International Limited, a publicly-traded commodities trading firm. The buyer is looking to put up S$5.3 billion (US$ 4.19 billion) to acquire the remaining interests in Olam including outstanding bonds and warrants. The firm […]

Olam International Raises Debt, Temasek Backs

Olam International Ltd plans to raise additional capital through a bonds-with-warrants issue. Temasek Holdings owns about 16% of Olam and is the second largest shareholder in the company. Olam will offer US$ 750 million in bonds and up to US$ 500 million in warrants to existing shareholders. Temasek has the potential to raise its position […]