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."
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.