IMF, OECD Global Forecasts Increasingly Downbeat
Decline in growth expectations coincided with start of US-China trade war.
Tag: China
Buy-Side Firms Feeling Less Rah-Rah About Economic Growth
Sentiment survey finds positive sentiment drops to 48% from 67%.
Newsmakers
San Francisco Retirement Plan Connects with China
Disclosures show SFERS has invested in two Chinese venture capital funds and another China-based fund focused on media and entertainment.
Newsmakers
Largest Sovereign Wealth Fund Takes $3 Billion-Plus Hit on Apple Shares
The tech giant’s Q1 sales warning sends Norway’s Government Pension Fund Global’s near $10 billion investment for a loop.
European Central Bank Projects Global Growth to Slow in 2019
Report says US-China trade tariffs are weighing down global economic activity.
Newsmakers
Canada’s Machin Staying the Course with China Despite Tension
Pension board CEO says it will stay cool-headed amid Beijing’s threats over Canadian arrest of tech heiress.
Chinese VC Investments Tops US for First Time
‘Red unicorns’ take in $56 billion in first half of 2018.
New CalPERS CIO Can’t Start Until January
Yu Ben Meng’s start date is being held up by the Chinese government, which could delay a vote on the launch of a $20 billion direct private equity investment organization.
Market Moves
FTSE Russell to Add China A-Shares to Global Indexes
Move expected to bring initial passive inflows of $10 billion.
China Investment Corp.’s Fixed Income, Absolute Return Head Quits
Fan Hua’s departure from the $930 billion sovereign wealth fund makes her the third executive to leave this year.
US Will Be Victor in Trade War, El-Erian Says
Allianz economist says American economy and stock market shouldn’t be hurt by the conflict.
Emerging Markets Spur Global Pension Growth
AUM for world’s largest pensions rise more than 15% in 2017.
Asset Allocation
Canada’s CPPIB Boosts Investments in China
Fund plans to double its assets in the country by 2025.
All-Out Trade War Would Drop Stocks 20%, Siegel Says
Amid news of new trade talks with China, Wharton professor warns that worsening hostilities would trigger a bear-market plunge.
Hong Kong Asset, Wealth Management Surpasses $3 Trillion
Strong global economy helps spur industry growth in 2017.