HOSTPLUS, the A$7 billion ($6 billion) Australian superannuation fund, is known in its home market for seeding promising emerging managers. Now, the fund aims to roll out its incubation program globally. CIO Sam Sicilia told Simon Mumme about the fund’s reasons for backing boutiques, and its hunt for co-investment opportunities in frontier markets.
Sovereign wealth funds (SWFs) piled a record $20 billion into foreign direct investment (FDI) transactions last year, continuing the big cross-border forays they began in 2005.
Aabar Investments, an Abu Dhabi government-backed investment company, is targeting an “iconic” piece of Manhattan real estate, according to Mohamed al-Husseiny, chief executive of the firm.
In a first for the US market, several institutional investors are searching for an investment manager capable of running emerging market equities in alignment with rigorous environmental, social and governance (ESG) standards.
Tight credit conditions in the US will diminish the private sector’s monopoly on residential and commercial property, driving assets into public markets and real estate investment trusts (REITs) loaded with cash from a spate of capital raisings.
Abu Dhabi’s $14 billion Mubadala Development Company and General Electric (GE) are on the verge of making their first co-investment under the $8 billion financial services joint venture created in June.
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