💰SWF – Sovereign Wealth Fund
Anbang Insurance Goes Under Government Control
The China Insurance Regulatory Commission (CIRC) seized control of Anbang Insurance Group and plans to take control of it for a period of one year, effective February 23, 2018.
CIRC conducted the move to protect consumer interests as Anbang’s practices were viewed to endanger the insurance company’s solvency.
CIRC plans to maintain Anbang as a private enterprise and stated that the company’s debts and obligations will not be impacted.
CIRC mentioned that Anbang will be run by a committee of executives from China’s central bank, China’s State Administration of Foreign Exchange (SAFE) and other agencies.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/anbang-insurance-goes-under-government-control/
CDPQ Posts 9.3% Return for 2017 CDPQ Posts 9.3% Return for 2017
Caisse de dépôt et placement du Québec (CDPQ) generated 9.3% in annual return for the year ending in 2017.
CDPQ posted an annualized return of 10.2% over five years.
CDPQ’s net assets rose to C$ 298.5 billion. CDPQ continues to be a major investor in Québec’s economy.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/cdpq-posts-9-3-return-for-2017/
OMERS Achieves 11.5% Return in 2017, Now 94% Funded.
The Ontario Municipal Employees’ Retirement System (OMERS) reported a net investment return after expenses of 11.5% for 2017, compared to a benchmark of 7.3%. This is the second year in a row of double-digit returns for the Canadian pension plan after net returns of 10.3% in 2016.
SWFI – Sovereign Wealth Fund Institute
https://www.swfinstitute.org/swf-news/omers-achieves-11-5-return-in-2017-now-94-funded/