Public Investment Corporation

Results of General Meeting: Bora and Acacia Estate disposals

Retrieved on: 
Friday, February 16, 2024

(“Grit” or the “Company” and, together with its subsidiaries, the "Group")

Key Points: 
  • (“Grit” or the “Company” and, together with its subsidiaries, the "Group")
    The board of Directors of Grit Real Estate Income Group Limited (the "Board") is pleased to announce that at the general meeting of the Company (“GM”) held at Unity Building, The Precinct, M2 Junction, B11 Fond du Sac Road, Grand Baie at 1.00 p.m. (MUT) / 9.00 a.m. (GMT) today, Friday, 16 February 2024, all resolutions were passed by the Company’s shareholders.
  • “We are pleased to announce 93.87% support for the Bora and Acacia transactions, reaffirming the Board’s strategy of asset recycling at, or close to, book value and reinforces the Group’s audited net asset value at 30 June 2023.
  • Adjusting for this, the participation rate was 72.3%.
  • The detailed results of the voting, are as follows:

BondBloxx launches high yield bond sector rotation ETF sub-advised by Macquarie Asset Management

Retrieved on: 
Tuesday, September 19, 2023

LARKSPUR, Calif., Sept. 19, 2023 /PRNewswire/ -- BondBloxx Investment Management announces the launch of the BondBloxx USD High Yield Bond Sector Rotation ETF (HYSA), which began trading on the NYSE Arca on September 18. This active ETF is the first of its kind, offering access to a high yield bond sector rotation strategy that allocates among precise high yield bond sector ETFs and seeks to maximize total return. Macquarie Asset Management serves as the fund's sub-adviser, a role that leverages their extensive experience in active high yield bond portfolio management, research, and risk management, and builds on the partnership announced with BondBloxx earlier this year.

Key Points: 
  • LARKSPUR, Calif., Sept. 19, 2023 /PRNewswire/ -- BondBloxx Investment Management announces the launch of the BondBloxx USD High Yield Bond Sector Rotation ETF ( HYSA ), which began trading on the NYSE Arca on September 18.
  • This active ETF is the first of its kind, offering access to a high yield bond sector rotation strategy that allocates among precise high yield bond sector ETFs and seeks to maximize total return.
  • Macquarie Asset Management serves as the fund's sub-adviser, a role that leverages their extensive experience in active high yield bond portfolio management, research, and risk management, and builds on the partnership announced with BondBloxx earlier this year.
  • "Investors now have the flexibility to implement a high yield sector rotation strategy in one trade, alongside the ability to execute precise views with BondBloxx's existing sector-specific high yield bond ETFs."

Acquisition of controlling interest of Gateway Real Estate African Limited ('GREA') and African Property Development Managers Limited ('APDM')

Retrieved on: 
Wednesday, July 26, 2023

Grit now owns a direct interest of 51.48% in GREA and a 78.95% shareholding in APDM.

Key Points: 
  • Grit now owns a direct interest of 51.48% in GREA and a 78.95% shareholding in APDM.
  • GREA successfully completed several developments during the three-phase acquisition timeframe which has materially derisked the transaction for Grit shareholders.
  • Bronwyn Knight, CEO of Grit Real Estate Income Group Limited, commented:
    “Concluding the acquisition of controlling interests in GREA and APDM are significant milestones towards our Grit 2.0 vision of setting global benchmarks in Africa.
  • Acquisition of the additional 16.47% interest in GREA:
    The Gross Assets the subject of the transaction are USD174.1 million.

Capital Markets Day and Transactions update

Retrieved on: 
Wednesday, May 10, 2023

(“Grit” or the “Company” and, together with its subsidiaries, the "Group")

Key Points: 
  • (“Grit” or the “Company” and, together with its subsidiaries, the "Group")
    The board of Directors (the “Board”) of Grit Real Estate Income Group Limited will today host a Capital Markets Day for investors and key stakeholders, both physically in Mauritius and available for virtual attendance via livestream.
  • The inaugural Capital Markets and Investor day will delve deeper into “Grit 2.0”, the Group’s growth strategy post the acquisition of controlling interests in Gateway Real Estate Africa (“GREA”) and African Property Development Managers (“APDM”).
  • A further announcement will be made when these consents are received and legal completion occurs, although practical completion remains May 15.
  • The asset is expected to move from being accounted for as associate to a wholly owned and consolidated subsidiary in the 30 June 2023 financial statements.

GuideStone Funds Launches New Impact Funds to Invest Without Compromising Core Christian Values

Retrieved on: 
Monday, January 30, 2023

GuideStone Funds, the nation’s largest faith-based mutual fund family*, today introduced two new impact funds: the Impact Equity Fund (NASDAQ: GMEZX) and the Impact Bond Fund (NASDAQ: GMBZX).

Key Points: 
  • GuideStone Funds, the nation’s largest faith-based mutual fund family*, today introduced two new impact funds: the Impact Equity Fund (NASDAQ: GMEZX) and the Impact Bond Fund (NASDAQ: GMBZX).
  • “For decades, GuideStone Funds has been at the forefront of delivering attractive, risk-adjusted performance without compromising core faith values,” said David Spika, President and Chief Investment Officer of GuideStone Capital Management, LLC, investment adviser to GuideStone Funds.
  • *As of December 31, 2022, GuideStone Funds has $15.2 billion in assets, which makes GuideStone Funds® the nation’s largest faith-based mutual fund family.
  • GuideStone Capital Management, LLC®, a controlled affiliate of GuideStone Financial Resources, provides investment advisory services for the Funds.

South Africa Retirement Funding Market Analysis Report 2022 Featuring Sanlam, Ninety One, Old Mutual, Coronation, Allan Gray, and Public Investment Corp - ResearchAndMarkets.com

Retrieved on: 
Friday, December 9, 2022

The "The Retirement Funding in South Africa 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Retirement Funding in South Africa 2022" report has been added to ResearchAndMarkets.com's offering.
  • This report on retirement funding in South Africa includes information on the state and size of the industry, its major players and various corporate actions and developments, as well as regulatory and other developments that affect the sector.
  • At present fund members have to either resign or be retrenched before they can get access and cash out their entire pension funds.
  • South Africa's retirement funds sector experienced significant change in the past few years, largely focused on stronger regulation to protect members' interests.

Marlene Puffer Appointed Chief Investment Officer of Alberta Investment Management Corporation

Retrieved on: 
Tuesday, December 13, 2022

EDMONTON, AB, Dec. 13, 2022 /PRNewswire/ -- Alberta Investment Management Corporation (AIMCo) is pleased to announce the appointment of Dr. Marlene Puffer as Chief Investment Officer.

Key Points: 
  • EDMONTON, AB, Dec. 13, 2022 /PRNewswire/ -- Alberta Investment Management Corporation (AIMCo) is pleased to announce the appointment of Dr. Marlene Puffer as Chief Investment Officer.
  • Dr. Puffer is an accomplished investor and leader with over 25 years of experience in both cross-asset class portfolio management and liability driven investment.
  • Dr. Puffer brings with her an excellent investment track record and a wealth of experience in traditional and alternative investments, capital markets, and pension governance.
  • Most recently, she was the President and Chief Executive Officer at CN Investment Division, accountable for all aspects of the investment management and organizational oversight of the CN Pension Trust Funds.

Marlene Puffer Appointed Chief Investment Officer of Alberta Investment Management Corporation

Retrieved on: 
Tuesday, December 13, 2022

EDMONTON, AB, Dec. 13, 2022 /PRNewswire/ - Alberta Investment Management Corporation (AIMCo) is pleased to announce the appointment of Dr. Marlene Puffer as Chief Investment Officer.

Key Points: 
  • EDMONTON, AB, Dec. 13, 2022 /PRNewswire/ - Alberta Investment Management Corporation (AIMCo) is pleased to announce the appointment of Dr. Marlene Puffer as Chief Investment Officer.
  • Dr. Puffer is an accomplished investor and leader with over 25 years of experience in both cross-asset class portfolio management and liability driven investment.
  • Dr. Puffer brings with her an excellent investment track record and a wealth of experience in traditional and alternative investments, capital markets, and pension governance.
  • Most recently, she was the President and Chief Executive Officer at CN Investment Division, accountable for all aspects of the investment management and organizational oversight of the CN Pension Trust Funds.

AFC and Mizuho Bank sign MOU to Drive Sustainable Economic Growth in Africa & Asia

Retrieved on: 
Tuesday, August 30, 2022

Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and Mizuho Bank, a leading global bank with one of the largest customer bases in Japan, have signed a Memorandum of Understanding to collaborate on project & infrastructure finance, trade finance and treasury to drive sustainable economic growth in Africa and Asia.

Key Points: 
  • Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and Mizuho Bank, a leading global bank with one of the largest customer bases in Japan, have signed a Memorandum of Understanding to collaborate on project & infrastructure finance, trade finance and treasury to drive sustainable economic growth in Africa and Asia.
  • View the full release here: https://www.businesswire.com/news/home/20220830005552/en/
    AFC and Mizuho Bank sign MOU to Drive Sustainable Economic Growth in Africa & Asia (Photo: Business Wire)
    Through this partnership, AFC and Mizuho Bank are committed to co-financing infrastructure projects in Africa across key sectors including energy, transport and telecoms.
  • Additionally, Mizuho Bank will leverage AFCs specialist industry expertise and global network to enhance its support of Japanese and other multinational companies doing business in Africa.
  • We are delighted to forge a new partnership today with Mizuho Bank, one of the largest financial institutions in Japan.

Africa’s Largest Asset Manager PIC Leads Pension Funds Investing in Continent’s Infrastructure via AFC

Retrieved on: 
Tuesday, August 2, 2022

In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africas largest asset manager, with over US$150 billion in assets under management, plans an inaugural investment in the Africa Finance Corporation (AFC), the continents leading infrastructure solutions provider.

Key Points: 
  • In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africas largest asset manager, with over US$150 billion in assets under management, plans an inaugural investment in the Africa Finance Corporation (AFC), the continents leading infrastructure solutions provider.
  • PIC has given formal notification to make a US$100 million equity investment in the AFC.
  • AFC has a proven track record of developing key transformational projects on the continent, providing pragmatic solutions for Africa's infrastructure deficit and challenging operating environment.
  • The PIC is delighted to partner with the AFC in the development, industrialisation and growth of the African continent, said Kabelo Rikhotso, Chief Investment Officer for PIC.