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Preqin: Sovereign wealth fund assets rise 17% in 18 months to $6.3 trillion
trueAggregate assets managed by a universe of 73 sovereign wealth funds increased 17% to $6.3 trillion as of March 31, up from $5.4 trillion at the start of October 2013, the last time researcher Preqin reviewed this part of the asset owner industry.
Abu Dhabi Investment Authority hires investment department manager
trueSam O'Sullivan was appointed a manager in the investment services department at the Abu Dhabi Investment Authority.
UBS Global Asset Management taps head of EMEA
trueOliver Bilal will join UBS Global Asset Management as head of global asset management for Europe, the Middle East and Africa.
Korea Investment Corp. looking to add overseas offices in Asia, Middle East
trueKorea Investment Corp. is looking to expand its overseas network with offices in Asia and the Middle East.
Illinois Senate to vote on bill to require divestment from companies that boycott Israel
trueThe Illinois Senate is scheduled to vote on a bill March 24 that would require the five state-funded retirement systems to divest investment holdings in companies that boycott Israel.
BlackRock hires head of EMEA hedge fund strategies
trueLuke Dixon joined BlackRock as head of Europe, Middle East and Africa hedge fund investment strategies.
Neuberger Berman hires head of Middle East and North Africa
trueJahangir Aka was appointed head of Middle East and North Africa at Neuberger Berman.
Caisse, Claridge set up joint venture to invest in Israeli technology
trueCaisse de Depot et Placement du Quebec and Claridge, the family investment office of the Bronfman family, are creating a joint venture to invest in Israel’s civil technology.
Falling oil prices worry institutional investors
truePension fund executives, money managers and consultants are keeping a close eye on the potential downward pressure on financial markets and institutional portfolios due to recent sharp falls in the oil price.
Forecasters see U.S. leading the growth in 2015
trueThe U.S. will lead the way to an uptick in global market growth in 2015, with different markets picking up steam at different paces, said market forecasters.
U.S. real estate still attractive to foreign institutional investors
trueForeign capital is flooding into U.S. real estate despite lower return expectations.
Kensington starts to attract foreign investors
trueUntil last year, all of Kensington Realty Advisors Inc.’s investors were based in the U.S.
S&P Dow Jones downgrades Morocco to frontier market status
trueMorocco has been reclassified as a frontier market country by S&P Dow Jones Indices, following feedback from market participants.
Nikko hires 3 for Middle East, Africa and Asia institutional business
trueNikko Asset Management appointed three executives to its institutional business, covering three separate roles in the Middle East, Africa and Asia.
J.P. Morgan expands EMEA endowments and foundations team
trueKris Jonsson and Sandeep Bhamra were appointed client advisers in J.P. Morgan Asset Management's newly created endowments and foundations team for Europe, the Middle East and Africa.