Canadian pension to contribute €450 million of equity.
Top officials say CalPERS will be part of two investment partnerships with general partners, but won’t own a stake in them.
Struggling firm’s founder said the fund had ‘recently not delivered’ expected results, and will return more than $1 billion by year-end.
Responsibilities will be divided between two newly created independent companies.
Unlisted private, infrastructure investments barred by Ministry.
Engagement led to 17 banks disengaging from the project.
Merger sees both entities holding all shares capital, allows for use of the put option.
Canada’s second-largest pension fund manager reports five-year return of 10.2%.
Client note “Bitcoin Decoded” determines 84 crypto-hedge funds launched this year.
Low energy prices have contributed to a lack of pickup in inflation, while concerns about Chinese growth have abated, Credit Suisse reports.
Many see US equity valuations as stretched, and emerging markets offering the most opportunities in the next few years.
Fund invests in the distressed shipping sector.
Liquidity concerns and the impact of tightening monetary policy are challenging investors, panelists say.
Economist also notes that US rate rise likely to be slow based on high levels of debt.
Funds likely to take more of a mixed approach in energy investments going forward.