AUSTRALIA: Future Fund invests in UK property; NEW ZEALAND: NZ Superannuation up 6.31%; CANADA: CPPIB
Aussie Future fund taps Henderson for UK Property
AUSTRALIA - The Australian Government Future Fund has hired Henderson Global Investors for its maiden investments in the UK property market.
As part of this investment, the A$61bn (US$53.3bn) scheme acquired a one-third stake in Bullring Limited Partnership from Land Securities PLC for £210m, Henderson said in a release.
NZ Super up 6.31% in August
NEW ZEALAND - The New Zealand Superannuation Fund returned 2.8% in August and 6.31% in July, equating to gains of NZ$1.2bn (US$909m), the scheme said today.
The July and August performances mark a turnaround from June's nearly flat return of 0.4%.
Total assets reached NZ$14.9bn at the end of August. The scheme allocates 44.7% to international equity, 15.5% to international fixed income, 7.6% to timber, 7.2% to global real estate, 6.9% to domestic equity, and 5.6% to infrastructure.
The fund also invests 4.2% in commodities, 1.9% to domestic fixed income, 1.1% to private equity and 0.6% to other private markets. The rest of the assets are in cash.
CPPIB takes stake in Arcient
CANADA - The Canada Pension Plan Investment Board partnered with private equity firm Kohlberg Kravis Roberts & Co. to take a stake in communications firm Arcient.
The $225m deal closed last week.
Senior vice-president of private investments at CPPIB Mark Wiseman said: "Aricent has a strong market position and an impressive client base including some of the world's top telecommunications firms."