Sovereign wealth funds

PenderFund Capital Management Ltd. Announces Risk Rating Change on Certain Pender Funds

Retrieved on: 
Friday, June 25, 2021
Sovereign wealth funds, Investment fund, Gic, Economy

The risk rating for each of the Funds is reviewed at a minimum on an annual basis, as well as when a Fund undergoes a material change.

Key Points: 
  • The risk rating for each of the Funds is reviewed at a minimum on an annual basis, as well as when a Fund undergoes a material change.
  • No material changes have been made to the investment objectives, strategies or management of the Pender Funds, other than certain changes to the investment objectives of Pender Global Focused Fund and Pender Special Situations Fund (formerly Pender Strategic Investment Fund) and certain associated changes which were implemented on June 25, 2021.
  • The above noted change in respect of Pender Global Focused Funds risk rating was the result of an annual review and not due to changes to its investment objectives or strategies.
  • About PenderFund Capital Management Ltd.
    Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia.

Guardian Capital Group Limited Announces Arrangements for Annual Meeting of Shareholders

Retrieved on: 
Monday, May 3, 2021
Guardian Capital Group, Ardian, Sovereign wealth funds, Service companies, Finance, Companies, Investment banks

Shareholders should note that attendance via web or telephone access will not constitute attendance at the Meeting for purposes of quorum or voting.\nGuardian Capital Group Limited (Guardian) is a diversified, global financial services company operating in two main business segments: Asset Management and Wealth Management.

Key Points: 
  • Shareholders should note that attendance via web or telephone access will not constitute attendance at the Meeting for purposes of quorum or voting.\nGuardian Capital Group Limited (Guardian) is a diversified, global financial services company operating in two main business segments: Asset Management and Wealth Management.
  • As at December 31, 2020, Guardian had C$46 billion of assets under management and C$22 billion of assets under administration.
  • It also maintains and manages a proprietary investment portfolio with a fair market value of C$633 million at December 31, 2020.
  • Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively.

First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.0625 Per Share for May

Retrieved on: 
Tuesday, April 20, 2021
Oil, Gas, Energy, Investment funds, Sovereign wealth funds

b'First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund\xe2\x80\x99s regularly scheduled monthly common share distribution in the amount of $0.0625 per share payable on May 17, 2021, to shareholders of record as of May 4, 2021.

Key Points: 
  • b'First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund\xe2\x80\x99s regularly scheduled monthly common share distribution in the amount of $0.0625 per share payable on May 17, 2021, to shareholders of record as of May 4, 2021.
  • Under the Plan, the Fund intends to continue to pay its recurring monthly distribution in the amount of $0.0625 per share that reflects the distributable cash flow of the Fund.
  • This may result in a reduction of the long-term capital gain distribution necessary at year end by distributing long-term capital gains throughout the year.
  • The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector.

TechnipFMC Completes Share Purchase Agreement with Bpifrance

Retrieved on: 
Wednesday, March 31, 2021
Engineering, Energy, Manufacturing, Oil, Gas, Companies, Financial markets, Finance, TechnipFMC, Sovereign wealth funds, Bpifrance, Technip, Public company, Dividend, Share

TechnipFMC (NYSE: FTI) (PARIS: FTI) today provided an update on the Share Purchase Agreement with Bpifrance Participations SA (Bpifrance) related to its recent separation into two industry-leading, independent, publicly traded companies TechnipFMC and Technip Energies.

Key Points: 
  • TechnipFMC (NYSE: FTI) (PARIS: FTI) today provided an update on the Share Purchase Agreement with Bpifrance Participations SA (Bpifrance) related to its recent separation into two industry-leading, independent, publicly traded companies TechnipFMC and Technip Energies.
  • The shares acquired by Bpifrance through this investment are in addition to those received through the dividend distribution made at the time of separation to all shareholders of TechnipFMC.
  • The sale of shares to Bpifrance reduced the Companys ownership in Technip Energies to 82.3 million ordinary shares.
  • Bpifrance had previously provided funding of $200 million for the purchase of Technip Energies shares from TechnipFMC.

The International Forum of Sovereign Wealth Funds and IE University Team Up to Host “Carbon & Sustainability Reporting, Tomorrow Is Now”

Retrieved on: 
Wednesday, March 17, 2021
Finance, Environment, Professional services, Technology, Software, Finance, Money, Economy, Investment funds, Sovereign wealth funds, Foreign direct investment, International finance, Public finance, Institutional Investor, Investor, Fund, International Forum of Sovereign Wealth Funds

The event follows last months release of the first comprehensive survey of sovereign wealth funds attitudes to climate change, conducted by IFSWF and the One Planet Sovereign Wealth Funds (OPSWF), as well as IE Universitys annual Sovereign Wealth Funds Report publication, in partnership with ICEX-Invest in Spain.

Key Points: 
  • The event follows last months release of the first comprehensive survey of sovereign wealth funds attitudes to climate change, conducted by IFSWF and the One Planet Sovereign Wealth Funds (OPSWF), as well as IE Universitys annual Sovereign Wealth Funds Report publication, in partnership with ICEX-Invest in Spain.
  • The IFSWF also seeks to promote a deeper understanding of sovereign wealth fund activity amongst government and financial services institutions.
  • The Sovereign Wealth Research is a research program focused on sovereign wealth.
  • Built for reporting companies, institutional investors, and the public sector, Persefoni is a complete carbon footprint management system.

Kayne Anderson NextGen Energy & Infrastructure Announces Distribution of $0.09 per Share for Q1 2021

Retrieved on: 
Wednesday, March 10, 2021
Sovereign wealth funds, Petroleum & Resources Corporation, Alerian

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE.

Key Points: 
  • Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE.
  • The Fund's investment objective is to provide a high level of total return with an emphasis on making cash distributions to its stockholders.
  • The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of Energy Companies and Infrastructure Companies.
  • The Fund anticipates that the majority of its investments will consist of investments in NextGen companies, which we define as Energy Companies and Infrastructure Companies that are meaningfully participating in, or benefitting from, the Energy Transition.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.105 Per Share for March

Retrieved on: 
Monday, February 22, 2021
Professional services, Finance, Investment funds, Finance, Investment, Institutional investors, Sovereign wealth funds

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on March 15, 2021, to shareholders of record as of March 2, 2021.

Key Points: 
  • First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on March 15, 2021, to shareholders of record as of March 2, 2021.
  • The Fund pursues these investment objectives by investing primarily in senior secured floating-rate corporate loans.
  • Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Adapting to a new reality, says AD Investment Management's 2021 outlook

Retrieved on: 
Monday, February 15, 2021
Sovereign wealth funds, Finance, Money, Economy, Abu Dhabi Investment Council, Mubadala Investment Company, Abu Dhabi

This is a key take-away from this year's outlook letter by AD Investment Management (ADIM), titled "2021: Navigating Icarian Markets."

Key Points: 
  • This is a key take-away from this year's outlook letter by AD Investment Management (ADIM), titled "2021: Navigating Icarian Markets."
  • ADIM, regulated by theAbu Dhabi Global Market's (ADGM's) Financial Services Regulatory Authority (FSRA), is a Middle East-focused asset management boutique sponsored by Invest AD.
  • Founded in 2019, ADIM is a subsidiary of the Abu Dhabi Investment Company (Invest AD).
  • Abu Dhabi Investment Company is a subsidiary of the Abu Dhabi Investment Council, which is a part of the Mubadala Investment Company owned by the Government of Abu Dhabi.

Adapting to a new reality, says AD Investment Management's 2021 outlook

Retrieved on: 
Monday, February 15, 2021
Sovereign wealth funds, Finance, Money, Economy, Abu Dhabi Investment Council, Mubadala Investment Company, Abu Dhabi

This is a key take-away from this year's outlook letter by AD Investment Management (ADIM), titled "2021: Navigating Icarian Markets."

Key Points: 
  • This is a key take-away from this year's outlook letter by AD Investment Management (ADIM), titled "2021: Navigating Icarian Markets."
  • ADIM, regulated by theAbu Dhabi Global Market's (ADGM's) Financial Services Regulatory Authority (FSRA), is a Middle East-focused asset management boutique sponsored by Invest AD.
  • Founded in 2019, ADIM is a subsidiary of the Abu Dhabi Investment Company (Invest AD).
  • Abu Dhabi Investment Company is a subsidiary of the Abu Dhabi Investment Council, which is a part of the Mubadala Investment Company owned by the Government of Abu Dhabi.

W.K. Kellogg Foundation names Carlos Rangel as vice president and chief investment officer

Retrieved on: 
Friday, January 29, 2021
Sovereign wealth funds, Rangel, W. K. Kellogg Foundation, Gic

Kellogg Foundation (WKKF) is pleased to announce the selection of Carlos Rangel as vice president and chief investment officer (CIO), effective Feb. 1.

Key Points: 
  • Kellogg Foundation (WKKF) is pleased to announce the selection of Carlos Rangel as vice president and chief investment officer (CIO), effective Feb. 1.
  • Most recently, Rangel has been leading the Expanding Equity work for WKKF, after joining the foundation in 2010 as a portfolio manager.
  • As CIO, Rangel will be responsible for the management and oversight of both the foundation's endowment and the W.K.
  • Kellogg Foundation Trust investments, strategically investing the diversified portfolio to maintain its purchasing power in support of WKKF's mission over the long term.