The $200 billion China Investment Corporation (CIC) will have between $4 and $6 billion invested in hedge funds by the end of this year, and will develop in-house expertise including long/short under Felix Chee, special adviser to the CIO, as part of a wider recruitment drive which includes more than 30 new positions.
Timor’s SWF awards first external mandate, begins global equities search
The $4.7 billion Petroleum Fund of Timor-Leste has diversified its portfolio away from US Treasuries by appointing, for the first time, an external manager to invest $1 billion in high-grade, diversified fixed income, while undertaking a search for global equity managers.
“eBay” for SWFs to provide asset listings
The Sovereign Wealth Fund Institute has developed an eBay-like service for sovereign wealth funds that will enable them to access and search for assets and investment funds via a buyer centric marketplace.
Pension funds and FoFs continue to wade into cleantech funds
Cleantech investments is one area in the private equity and venture capital space which is continuing to show strong growth, according to a report by London-based alternatives research house Prequin.
CalSTRS’ proxy proposals effect carbon disclosure change
The $122.4 billion California State Teachers’ Retirement System (CalSTRS) has withdrawn five of the seven climate-related shareholder resolutions filed during the 2009 proxy season after the companies pledged to improve their greenhouse gas disclosure.
Time to mend relationships in investment management
A new KPMG report, ‘Renewing the promise: Time to mend relationships in investment management”, shows the investment management industry should work to rebuild trust with investors through a ‘back-to-basics’ client relationship approach, increase knowledge sharing, and bolster corporate
governance and risk management transparency.
