Swath of Frontier Economies to Create SWFs
Governments in at least nine frontier markets -- in countries in Africa, the Middle East and Asia -- are scoping out the possibility of setting up sovereign wealth funds.
News
CalSTRS Limits Commodities Investment, Allots $370 Million to Property in Q2
The board of the California State Teachers Retirement System has decided to lower its proposed commodities investment from a reported $2.5 billion to $250 million or less.
Ontario Teachers Pension Plan to Bid for PotashCorp., Threatening Rival Bids
PotashCorp. has attracted heightened interest from rivals trying to top BHP Billiton's takeover offer.
Pensions Brainwashed by 'Twitter Effect,' Leading Investor Says
In response to a call by Britain's former City minister Lord Myners for major shareholders to look to the longer term, a leading fund manager condemned Twitter for contributing to a society keen on instant results without regard to what will happen years into the future.
Canada Pension Plan's Investment Arm Ups Stake in 407 Toll Route
Canada Pension Plan Investment Board has agreed to buy an additional 10% stake in the 407 Express Toll Route near Toronto for $879 million.
Norway to Include PE, Infrastructure; New Strategy Council
In a bid to increase returns, the $471 billion fund has intended to broaden its investments to include infrastructure projects and private equity investments.
Consultancy Rogerscasey Urges Institutional Investment in Africa
The investment consultancy firm favors debt, private equity, infrastructure, agriculture, and timber as African investment sectors.
Aon Completes Merger With Hewitt
In the biggest deal ever involving a benefits consultant, the $4.9 billion acquisition will likely strengthen Aon's drive into human resources consulting.
Two Former State Street Execs Battle SEC Charges
The regulator is charging two former top State Street Corp. executives of misleading investors in a bond fund at the center of a $313 million settlement between parent State Street and the SEC earlier this year.
Korea NPS Flocks to Asian and Australian Real Estate
South Korea's National Pension Service will invest in Asian and Australian real-estate as it continues to diversify its portfolio, now mainly invested in domestic bonds.
Onex and Canada Pension Complete the Largest Buyout of 2010
The deal between Onex, the Canadian private equity firm, and the Canada Pension Plan is valued at $5 billion, making it the largest private-equity deal this year.
US Chamber, Business Roundtable Sue SEC Over Board Nominations
The country's biggest business lobby and another business group are
challenging the Securities and Exchange Commission's new rules that make
it easier for shareholders to nominate directors of public companies
and to oust sitting directors.
State Street: Confidence Among Institutional Investors Dips in September
Despite a rally in equities, investor confidence has fallen in Europe and the US in September, according to research by State Street Global Markets (SSGM).
With Expectations of Commodities Boom, Caisse de Depot to Focus on Energy and Minerals
As demands for energy are expected to climb by as much as 40% in the next 20 years as incomes rise in emerging markets and as the global economy rebounds, the Caisse de Depot et Placement du Quebec plans to invest more heavily in energy and minerals.
CIC to Avoid Defense, Casino, and Alcohol Investments
The $300 billion sovereign wealth fund's supervisory board Chairman Jin Liqun said at an address at the Super Return Asia 2010 conference that the CIC will not invest in areas with repuational risk -- such as defense, casino and alcohol-related sectors -- and sees more room to collaborate with global institutions.