Public Pension

Schroders Hires BlackRock Veteran for Solutions Business

Charles Prideaux joined Schroders as head of its solutions business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korean Public Funds Funnel Money into U.S. Logistics

Korean financial institutions, through Mirae Asset Global Investments Co. Ltd. committed 54 billion KRW (US$ 48 million) in mezzanine debt that is securing two warehouses in Florida and Massachusetts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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APG Allocates to Chinese A-Shares with ESG Focus

APG Asset Management committed €250 million toward a China A-shares strategy with a focus on environmental, social and governance (ESG) criteria. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI Survey: Large Long-Term Asset Owners Cool on Listed Infrastructure

Sovereign wealth funds, public pensions, endowments and other asset owners have steadily increased allocation to infrastructure over the past six years, according to asset allocation data from SWFI. However, hundreds of billions of capital allocated to infrastructure remain idle. According to the third quarter 2017 Global Asset Owner Survey conducted by SWFI, a large number […]


SWFI – Movers and Shakers – September 11, 2017

Washington University Investment Management Company Names New CIO – Scott L. Wilson Washington University Investment Management Company (WUIMC) appointed Scott L. Wilson as chief investment officer (CIO), effective December 1, 2017. Wilson is currently CIO at Grinnell College. He is succeeding Kimberly G. Walker who stepped down as CIO of WUIMC in 2016. In his […]


Should CalPERS Outsource its Private Equity Portfolio to BlackRock?

The California Public Employees’ Retirement System (CalPERS) is a bellwether pension investor in private equity, investing in funds, co-investments and separate accounts – even directly into the private equity firms themselves. CalPERS has contemplated the idea of building an internal private equity direct deal team (not just allocators to managers), similar to what the Canadian […]


SWFI Global Asset Owner Survey Discovers Investors View US Tax Reform as Driver for Equities

According to the SWFI Global Asset Owner Survey taken in August 2017, institutional investors are looking to overweight in international and global equities, while pulling back in listed infrastructure and U.S. passive fixed income. The quarterly survey targets sovereign funds, pensions, endowments, superannuation funds, foundations, government funds, family offices and other asset owners. Totaled estimated […]


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Michelle Seitz Named CEO of Russell Investments

Michelle Seitz will become Chief Executive Officer at Russell Investments. She will also become Chairman of Russell Investments, effective January 1, 2018. She is replacing Len Brennan who is serving as Chairman of Russell Investments through the end of 2017. Brennan will remain on as a strategic advisor at Russell Investments. Previously, Seitz led the […]


PSP-Backed Cooke Aquaculture Faces WA Fishing Moratorium

Washington State Governor Jay Inslee has called for a moratorium on new permits for net pen farming in Washington State after up to 250,000 Atlantic salmon, a non-native fish to the region, escaped from a fish farm managed by Cooke Aquaculture Pacific, LLC, a subsidiary of Cooke Aquaculture. PSP Investments in a financial backer of […]


Borealis Infrastructure Name Changes to OMERS Infrastructure

The Ontario Municipal Employees’ Retirement System (OMERS) is renaming its infrastructure unit to OMERS Infrastructure Management Inc. from Borealis Infrastructure. OMERS started investing in infrastructure via Borealis since 1999. “The name OMERS Infrastructure helps the global marketplace recognize our direct connection to the more than 470,000 members of OMERS, on behalf of whom we manage […]


Northern Trust Wins Boeing Pension Custodial Mandate

Boeing’s corporate pension plan awarded a global custodial mandate to Northern Trust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, August 22, 2017

Alaska Permanent Fund Corporation Posts 12.57% FY 2017 Return The Alaska Permanent Fund Corporation returned 12.57% in fiscal year 2017. APFC ended June 30, 2017 with a total record value of US$ 59.8 billion. BlackRock Eyes Investment in Hyundai Merchant Marine BlackRock is in talks to possibly commit around 1 trillion KRW into Hyundai Merchant […]


U.S. Pensions Sue Banks Over Alleged Securities Lending Collusion

The Orange Country Employees’ Retirement System (OCERS), Sonoma County Employees’ Retirement System and the Iowa Public Employees’ Retirement System, filed a lawsuit in the U.S. District Court in New York against six investment banks and EquiLend Holdings LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Florida SBA Votes to Prohibit Venezuelan Investments

The Florida State Board of Administration (Florida SBA) unanimously approved a resolution to prohibit investments linked to Venezuela. The resolution was signed by the organization’s board members. Essentially, the new resolution modifies the current investment policy of Florida SBA. Here are the changes: 1. Florida SBA is prohibited from investing in any securities issued by […]


Florida SBA Acquires North San Jose Office Complex

Florida State Board of Administration (Florida SBA), through an account managed by MetLife Investments, acquired Orchard Commons office campus located in San Jose, California for US$ 105 million. Orchard Commons is a 22-acre property, consisting of six buildings, that is about 84% leased. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


CalSTRS Buys Phase 3 of Silicon Valley Office Property

CBRE Global Investors, on behalf of California State Teachers’ Retirement System (CalSTRS), is investing US$ 610 million to acquire three office buildings at 3333 Scott Blvd in Santa Clara, California. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Prudential to Merge M&G with Prudential UK & Europe

U.K.-based Prudential, a mega insurance company, revealed plans to merge its units Prudential UK & Europe and M&G into a singular business with £332 billion in assets under management. M&G is Prudential’s wholly-owned asset management arm. The new combined entity will be called M&G Prudential. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers […]


SCALE: National Social Security Fund to Oversee More Provincial Assets

A number of Chinese provincial governments have agreed to transport their basic pension funds to the National Council for Social Security Fund (NCSSF) in a bid to improve returns, enhance diversification and deal with the problems associated with an aging population. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


IMCO Co-Invests in Corsair, Betting on PC Gaming

Fremont, California-based Corsair Components, Inc. (Corsair), a manufacturer of personal computing (PC) components, gaming peripherals and memory, was sold off to an investor group. San Francisco-based Francisco Partners sold a majority ownership interest in Corsair to EagleTree Capital (through EagleTree Partners IV fund), formerly known as Wasserstein Partners. [ Content protected for Sovereign Wealth Fund […]


Will Nuveen Be Successful in APAC Distribution Strategy?

It’s never too late to join the Asian asset management distribution party. A number of large U.S. asset managers are banking heavily in the Asia Pacific region, hoping to catch a growing pool of both retirement and sovereign wealth assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]