Sovereign Wealth Fund Institute

Some Silicon Valley billionaires are opting to invest their capital with multi-family offices. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Today is Super Tuesday, and it seems Donald Trump and Hillary Clinton are the clear benefactors of these delegates. The mudslinging battles for U.S. party nominations are intense as the stakes grow higher. One of the goals of SWFI is to provide high-level insight and intelligence on how political events can impact asset owners, whether [...]

Private equity giants have been able to extract insane amounts of capital from sovereign funds and other large asset owners over the past few years, as these investors compete in a low-yield environment. To maintain assets under management growth, private equity firms have evolved into offering real estate, credit and other private market solutions. In [...]

Norway is in Spend Mode Norway’s Ministry of Finance plans to not have a tighter budget for 2016. The country is also looking to tap into its massive sovereign wealth funds, Norway’s Government Pension Fund Global (GPFG). For 2017, there could even be a larger cash exodus from the wealth fund. Norway’s government has pushed [...]

The CEO of Swedish buffer fund AP4 is leaving the pension fund. Mats Andersson spent nearly a decade at AP4 and has offered to stay until a permanent replacement is found, according to AP4′s website. Andersson was ranked #4 out of 100 in SWFI’s Public Investor 100 in 2015. An excerpt from the Public Investor [...]

The Malaysian state of Sabah, occupying the northern part of Borneo, is seeking to create its own strategic development sovereign wealth fund (SDSWF). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

The New Zealand Superannuation Fund (NZSF) allocated US$ 200 million to a merger arbitrage mandate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

The Ireland Strategic Investment Fund (ISIF) and Strathclyde Pension Fund are kicking in capital to NTR Wind 1 vehicle, a wind-energy strategy managed by Legal & General Capital, the investment arm of Legal and General Group, and NTR Wind Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view [...]

Oil prices have remained low as the glut continues. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

J.P. Morgan Asset Management Buys Mega Retail Asset on Ocean Avenue On February 17, 2016, J.P. Morgan Asset Management Global Real Assets acquired a 19,717 square-foot multi-tenant retail property located in Santa Monica, California that was built in 2014. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]

The Board of Directors of the Council of Institutional Investors (CII), a nonprofit association comprised of institutional investors that is heavily involved in the sphere of corporate governance and shareowner rights, appointed Ken Bertsch as executive director of the organization. He will start on March 15, 2016. Bertsch replaces Ann Yerger who exited in July [...]

GIC Provides Debt Financing for Large Real Estate Investors in Australia [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Wren House Infrastructure Management Limited, the sovereign wealth enterprise of the Kuwait Investment Authority (KIA), along with Ontario Teachers’ Pension Plan (OTPP), Borealis Infrastructure (a unit of OMERS) and, the Alberta Investment Management Corporation (AIMCo), won a bid to acquire the company that owns and operates London City Airport for approximately £2 billion (US$ 2.8 [...]

The Alaska Permanent Fund Corporation (APFC) has made two notable large bets in anti-cancer pharmaceuticals. One of their strategic investments was in Juno Therapeutics. Biotech companies in areas such as anti-cancer therapies see wealth funds as ideal capital partners due to their long-term investment horizon. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers [...]

In a maneuver to limit commodity price exposure, French utility giant ENGIE SA, formerly known as GDF Suez, signed two definitive agreements for the sale of its interests in 10 GW of merchant power generation capacity located in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to [...]

Investment bank Lazard Ltd. hired Peter Orszag who was once director of the Office of Management and Budget in U.S. President Barack Obama’s administration. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Caisse de dépôt et placement du Québec (CDPQ) returned 9.1% for the calendar year ended December 31, 2015. The weighted average return on clients’ funds over four years equaled 10.9%. At year-end, CDPQ amassed C$ 248 billion in net assets versus C$ 159 billion in December 2011. View Institutional Investor Profile of CDPQ CDPQ is [...]

JLL Separates CEO and President Role Jones Lang LaSalle (JLL) is dividing the role of president and CEO. Colin Dyer, who currently holds both roles, will become CEO only. Christian Ulbrich, currently chief executive officer for the EMEA region, will become JLL’s president in June 2016. Guy Grainer will become CEO of the EMEA region, [...]

The greater Paris region is home to one of the largest clusters of office space. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

CalPERS Searches for a New CEO The California Public Employees’ Retirement System (CalPERS) officially launched its search for a new Chief Executive Officer (CEO). The search is being led by New York-based Heidrick & Struggles. GIC Invests Big in Indonesian Retail Empire [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe [...]