Trusted Insighthttp://thetrustedinsight.com/2022-02-24T09:28:40.050966-05:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Skandia’s PE Portfolio Reaches All-Time High
2022-02-24T09:28:40.050966-05:00https://www.thetrustedinsight.com/investment-news/klarna-investment-helps-lift-skandias-pe-portfolio-to-all-time-high-private-equity-international-20220224042/
Swedish insurer Skandia Mutual Life Insurance Company's private equity portfolio posted its highest returns every last year, boosted by its heavy exposure to tech assets and buyout funds.
Great Tech Revolution: Trends That Are Changing Finance
2021-11-12T11:32:17.014368-05:00https://www.thetrustedinsight.com/investment-news/great-tech-revolution-trends-that-are-changing-finance-20211112173/
Today, we are seeing tech integrate with almost every area of the financial world, from payments to insurance to saving and everything in between. Here are the top trends and technologies impacting fintech that we are seeing today and how they will change the industry forever.
Time Is Now For Insurance CIOs To 'Dream Big,' Says KKR’s Henry Mcvey
2021-10-06T11:02:42.140483-04:00https://www.thetrustedinsight.com/investment-news/time-is-now-for-insurance-cios-to-dream-big-says-kkrs-henry-mcvey-20211006780/
Based on a proprietary survey of 50 chief investment officers (CIOs) who oversee nearly $7 trillion in assets under management, the report examines how leading insurance industry CIOs are optimizing their portfolios in today’s low-yield environment and positioning themselves for future success.
Japan Insurers Under Pressure To Push Portfolio Companies To Go Greener
2021-04-08T10:28:34.120385-04:00https://www.thetrustedinsight.com/investment-news/japan-insurers-under-pressure-to-push-portfolio-companies-to-go-greener-20210408020/
More institutional investors in Japan are dialing up the pressure on their portfolio companies to go greener, after the nation's largest life insurer went as far as threatening to off-load investments that are not tackling emissions adequately.
Nationwide Expands Its Venture Program To $350M
2021-02-11T09:58:23.478106-05:00https://www.thetrustedinsight.com/investment-news/nationwide-expands-its-venture-program-to-350m-20210211135/
Nationwide is upping its venture capital game, expanding the $100 million program it launched in 2017 by taking it to $350 million. The fund's focus continues to be on startups in insurance and finance that build on the company's strategy and help customers.
U.S. Insurance Asset Attracts New PE Players, Strategies
2021-02-09T10:02:56.141677-05:00https://www.thetrustedinsight.com/investment-news/us-insurance-asset-attracts-new-pe-players-strategies-20210209962/
U.S. insurers are stepping up sales of annuities and other capital-intensive assets amid a surge in interest from new and established private equity buyers hungry to boost the amount of money they manage.
HIMCO Leverages Domain Expertise To Target Opportunities In Insurtech | VP Jill Frankle | Q&A
2020-11-23T16:17:35.285325-05:00https://www.thetrustedinsight.com/investment-news/himco-leverages-domain-expertise-to-target-opportunities-in-insurtech-jill-frankle-vp-of-strategic-ventures-qa-20201123354/
Jill Frankle is vice president of strategic ventures at Hartford Investment Management Co. (HIMCO). In this interview, Frankle tells us about the latest developments in the insurtech space, and explained how HIMCO's venture portfolio complements its long-term investment strategy during a period of industry-wide disruption in the insurance sector.
How MassMutual Plays the Long-Term Investing Game | Phillip Titolo, Head of Direct Private Investments | Q&A
2020-09-30T12:52:32.619610-04:00https://www.thetrustedinsight.com/investment-news/how-massmutual-plays-long-term-investing-game-phil-20200930883/
Phillip Titolo is the head of direct private investments at MassMutual. In late September, Titolo spoke with Trusted Insight about MassMutual's long view on investing, the crucial role of asset-liability management for insurance investors, and how his legal training prepared him for a career in financial and investment analysis.
2020 Top Institutional Investors At Insurance Companies
2020-09-24T13:31:52.564495-04:00https://www.thetrustedinsight.com/investment-news/2020-top-institutional-investors-at-insurance-companies-20200924225/
The modern insurance business is hundreds of years old and developed into an integral part of the global financial system. Insurance companies are traditionally considered among the most conservative institutional investors because their investments support long-term liabilities: policies for life insurers are literally measured in lifetimes. This, however, hasn’t stopped insurance companies from evolving to meet the demands of the contemporary market.
Mutual Of Omaha Is Spearheading Innovation And Diversity Efforts | Juan Prieto, Head of Alternative Investments | Q&A
2020-09-18T10:43:21.154372-04:00https://www.thetrustedinsight.com/investment-news/mutual-omaha-spearheading-innovation-and-diversity-20200918787/
Juan Prieto is the head of alternative investments at Mutual of Omaha, where he is responsible for leading and managing the portfolio construction, outsourcing, and monitoring of alternative investment mandates. In this interview, he discussed the qualities and attributes he looks at during manager selection; how Mutual of Omaha is investing in disruptors of the insurance ecosystem; and why return on inclusion (ROI) should be a priority for investors alike.
Hedge Fund Collects $3B In Bet On Wildfire Insurance Claims
2020-08-25T10:27:40.865664-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-collects-3b-in-bet-on-wildfire-insurance-claims-20200825572/
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires.
China Scraps Equity Investment Restrictions For Insurance Funds
2020-07-16T07:29:24.128922-04:00https://www.thetrustedinsight.com/investment-news/china-scraps-equity-investment-restrictions-for-insurance-funds-20200716615/
China lifted limits on industries in which the country’s insurers can make equity investments and laid plans to allow insurance funds to tap private equity and venture capital investments in pilot programs.
Re-Imagined Insurance Digitally
2020-06-10T18:02:13.469223-04:00https://www.thetrustedinsight.com/investment-news/re-imagined-insurance-digitally-20200610303/
Join the panel with innovators and incumbents to gain a global outlook on the impact that COVID-19 had on digital insurance. They will help answer 1) What are some product innovations in the space, 2) How are traditional insurance companies collaborating with startups, and 3) What are the main success factors?
Allianz Life Insurance Company Focused On 'Expansion Of Alternative Asset Classes' | Todd Hedtke, Chief Investment Officer | Q&A
2020-02-04T20:49:40.988528-05:00https://www.thetrustedinsight.com/investment-news/allianz-life-insurance-company-focused-expansion-a-20200204686/
Todd Hedtke is the chief investment officer at Allianz Life Insurance Company of North America, where he leads the investment management of more than $160 billion of insurance assets. In this interview, Todd discussed how Allianz Life has grown their private book in the last decade; the benefits of having a strategic venture and innovation team; and why he believes that complexity is the most rewarding thing about insurance investing.
Digital Disruption In Insurance - Machine Learning & Automation
2020-01-03T16:10:42.700241-05:00https://www.thetrustedinsight.com/investment-news/digital-disruption-in-insurance-machine-learning-automation-20200103432/
In this panel, a general partner and founders discussed their competitive edge in disrupting the traditional insurance industry, the opportunities in the international markets they operate in; and their ambition for building next-generation insurtech companies. Speakers include Ugur Samut, Co-Founder & CEO, Medigo; Sam Hodges, Co-Founder & CEO, Vouch; Igor Mascarenhas, Co-Founder & CEO, Pier; Kai Stinchcombe, Co-Founder & CEO, True Link Financial; and Karthik Reddy, Co-Founder & Managing Partner, Blume Ventures.
Three Potential Landmines For Insurtechs Becoming Insurance Companies
2019-12-05T11:05:50.993104-05:00https://www.thetrustedinsight.com/investment-news/three-potential-landmines-for-insurtechs-becoming-full-stack-insurance-companies-20191205387/
As funding in the insurtech vertical continues to surge and the current crop of insurtech companies grows and matures, a common dilemma facing the successful companies is whether to move from being just an insurance producer (i.e., an insurance agency, brokerage or managing general agent), to becoming a fully licensed insurance company.
Machine Learning: Future Of Healthcare & Insurance
2019-12-04T15:06:06.172298-05:00https://www.thetrustedinsight.com/investment-news/machine-learning-future-of-healthcare-insurance-20191204278/
During this panel, entrepreneurs discussed how they overcame regulatory hurdles in building their healthcare and insurtech startups. They also shared their thoughts on machine learning and scaling innovation in both industries, and these tech-enabled startups can make a radical change in the corporate world. Panelists include Michael Fertik, Founder & Managing Partner, Heroic Ventures; Umar Afridi, Co-Founder & CEO, Truepill; Sam Hodges, Co-Founder & CEO, Vouch Insurance; and Rohit Pandey, Co-Founder & CEO, SigTuple. The panel was recorded at the Trusted Insight Innovation Summit, Tokyo on November 22nd, 2019. The event was in collaboration with Japan Post Bank and Coral Capital.
Why Northwestern Mutual CEO Is Turning Milwaukee Into A Tech Hub
2019-09-27T17:01:06.228883-04:00https://www.thetrustedinsight.com/investment-news/why-northwestern-mutual-ceo-is-turning-milwaukee-into-a-tech-hub-20190927214/
The 160-year-old life insurance giant is going digital, and has discovered the only way to lure in smart tech workers is to remake Milwaukee too.
2019 Trusted Insight Distinguished Chief Investment Officer Award Ceremony
2019-07-16T14:59:32.821209-04:00https://www.thetrustedinsight.com/investment-news/2019-distinguished-chief-investment-officers-20190716384/
The Trusted Insight Summit 2019 recently welcomed 300+ institutional investors, unicorn founders, and prominent entrepreneurs to discuss the future of global institutional asset management and emerging technologies. On the evening of June 19th, we recognized chief investment officers who have generously shared their time, intellect, and wisdom to encourage innovative efforts, collaboration, and leadership in the investor community.
Pros, Cons Of Insurance Companies Embracing AI
2019-01-08T10:31:04.829541-05:00https://www.thetrustedinsight.com/investment-news/very-risky-business-the-pros-and-cons-of-insurance-companies-embracing-artificial-intelligence-20190108007/
More than three-quarters of insurance executives believe artificial intelligence will revolutionize the industry within a few years.
Institutional Investments In Realty Sector Doubled To $20B
2018-12-30T06:31:04.749208-05:00https://www.thetrustedinsight.com/investment-news/institutional-investments-in-realty-sector-doubled-to-usd-20-billion-during-2014-18-report-business-standard-news-20181230499/
The period post the global financial crisis from 2009 to 2018, has seen two phases of institutional investments by private equity firms, sovereign wealth funds, insurance funds, pension funds and family offices.
Jay-Z-Backed Life Insurance Startup Has Raised $35M
2018-10-30T08:31:06.001693-04:00https://www.thetrustedinsight.com/investment-news/the-jay-z-backed-life-insurance-startup-ethos-has-raised-35m-techcrunch-20181030690/
Ethos, the startup marketing a new life insurance product for people who probably haven’t really thought about life insurance, may have 99 startup problems but new capital ain’t one.
SoftBank Plans Big Push Into Insurance Investments
2018-10-16T22:11:24.880140-04:00https://www.thetrustedinsight.com/investment-news/softbank-plans-big-push-into-insurance-investments-20181016495/
SoftBank’s Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services. In the past year, SoftBank has backed China’s largest online insurer and India’s biggest online insurance distributor. These insurance bets totaling nearly $3 billion are just the start.
Insurance Startups Raised Billions As Industry Players Fight Tech Disruptors
2018-09-27T08:31:03.892070-04:00https://www.thetrustedinsight.com/investment-news/insurance-startups-have-raised-billions-as-industry-players-fight-tech-disruptors-techcrunch-20180927676/
The once sleepy world of insurance has become the hot ticket for venture investors. Insurance technology companies have raised multiple billions as VCs finance industry disruptors and enabling technologies for established players to fend off new technology-based challengers.
PE, VC Firms Take A Bite Of The Digital Insurance Pie
2018-08-22T07:11:06.732348-04:00https://www.thetrustedinsight.com/investment-news/private-equity-venture-capital-firms-take-a-bite-of-the-digital-insurance-pie-20180822466/
Private equity and venture capital firms are opening up their investment kitty to fund a new wave of companies in the insurance sector, particularly those in the digital insurance space.
Nationwide Exploring 'New Ventures To Compete In The Future' | Christopher Graham, Chief Investment Officer | Q&A
2018-08-14T17:40:09.902269-04:00https://www.thetrustedinsight.com/investment-news/nationwide-insurance-exploring-new-ventures-compet-20180814892/
Christopher Graham is the chief investment officer at Nationwide Insurance, where he oversees the $67 billion mutual fund complex. In this interview, he discusses why his goal is to get the best institutional asset managers interested in the '40 Act space; why insurance firms should be thought of early on when deploying assets; and how Nationwide is exploring venture capital and technology investments through its new platform.
Aflac's Global CIO Talks Asset Allocation Strategy, More | Q&A With Eric Kirsch, Part 2
2018-07-31T20:55:38.792733-04:00https://www.thetrustedinsight.com/investment-news/aflacs-cio-talks-asset-allocation-strategy-more-q--20180731695/
Eric Kirsch is the executive vice president and global chief investment officer at Aflac, where he oversees the $100 billion-plus investment portfolio and investment teams based in New York and Tokyo. In part two of this interview, he discusses what it's like leading Aflac’s Global Investments team through very challenging periods, Aflac's asset allocation strategy and the three main trends that he foresees in the investment environment.
Positive Outlook On U.S., Japanese Credit Market Despite Headwinds | Aflac, Global CIO Eric Kirsch | Q&A, Part 1
2018-07-19T16:13:24.007946-04:00https://www.thetrustedinsight.com/investment-news/positive-outlook-japans-credit-market-despite-head-20180719474/
Eric Kirsch is the executive vice president and global chief investment officer at Aflac, where he oversees the $100 billion-plus investment portfolio and investment teams based in New York and Tokyo. In part one of this interview, he discusses the nuances of leading the investment office at an insurance firm and an endowment; prepping for a turn in the U.S. credit cycle; how the new tax code positively impacts Aflac; and dealing with the fiscal and monetary headwinds in Japan.
Blackstone Is Building Risk Analytics As Part Of Insurance Push
2018-03-12T00:08:14.398794-04:00https://www.thetrustedinsight.com/investment-news/blackstone-is-building-risk-analytics-as-part-of-insurance-push-20180312559/
Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world’s largest private equity firm is expanding into a lucrative business dominated by BlackRock Inc.: portfolio risk analytics.
How Data Science, Credit Mix | Private Credit Panel Part 3
2017-12-20T16:18:05.934324-05:00https://www.thetrustedinsight.com/investment-news/how-data-science-credit-mix-private-credit-panel-part-3-20171220153/
In this video, CIO Eric Kirsch discusses Aflac's $100 billion-plus global portfolio and its orientation toward Japan. The panelists also dive into the correlation between data science and credit and why big data could one day assist with sound credit analysis. Panelists include: David Barcus, director of investments, Denison University; Eric Kirsch, global chief investment officer, Aflac; Rodney Overcash, investment director, Margaret A. Cargill Philanthropies. Neal Graziano moderated.
Is Peer-To-Peer Lending A Fad? | Private Credit Panel Part 2
2017-12-05T13:16:38.925789-05:00https://www.thetrustedinsight.com/investment-news/is-peer-to-peer-lending-a-fad-private-credit-panel-part-2-20171205707/
Hear asset allocators discuss why they don't have exposure to P2P lending investments; why P2P lending could one day be a competitor to traditional asset-backed securities; and the importance of sound credit underwriting. Panelists include: David Barcus, director of investments, Denison University; Eric Kirsch, global chief investment officer, Aflac; Rodney Overcash, investment director, Margaret A. Cargill Philanthropies. Neal Graziano moderated.
Is Private Credit Living On Borrowed Time? | Private Credit Panel Part 1
2017-11-27T13:32:42.028634-05:00https://www.thetrustedinsight.com/investment-news/is-private-credit-living-on-borrowed-time-private-credit-panel-part-1-20171127048/
In this video, institutional investors discuss the state of the private debt space; the differences in their investment approach; and why certain companies view insurers as a natural source of capital. Panelists include: David Barcus, director of investments, Denison University; Eric Kirsch, global chief investment officer, Aflac; Rodney Overcash, investment director, Margaret A. Cargill Philanthropies. Neal Graziano moderated.
Rent a Car Dubai | Car Rental, Hire & Lease in Dubai
2017-11-17T03:25:35.377826-05:00https://www.thetrustedinsight.com/investment-news/rent-a-car-dubai-car-rental-hire-lease-in-dubai-20171117416/
Rent a Car in Dubai | Cheap Car Rental, Hire and Car Lease Offers in Dubai, UAE The omnipresence of smart phones, sparring between the airlines and online travel agencies, the push to lower car rental costs and potential car lease company consolidations are all driving change in the world of travel reservations for big players like thrifty rent a car and Dollar rent a car.Rental Cars UAE provides search results from best car rental companies like Thrifty Rent a Car in Dubai, UAE and Dollar Rent a Car in Dubai , UAE without any sign-up cost for Car Leasing. We can show customers all the brands like Hyundai, Toyota, Mazda, BMW, Audi, Mercedes, Nissan, Mini, Jeep Wrangler, Hyundai Tucson, Kia Sportage, Mazda 3, Kia Picanto, Toyota Fortuner and Nissan Patrol. The website covers all locations across the UAE with many rent a car in Dubai and car rental Dubai companies.Unlike the other car rental portals, we give certain choices when selecting a vehicle that customers will not find with many car hire companies in Dubai. If there is a specific car that a company would like to rent, they can specify that upfront and our agents will work to rent it out through long term rent a car. We allow our partner rent a car and car lease companies to choose their pickup and drop-off locations, and vehicle and transmission type to get started. They can focus their search even more by sorting the price or car class. Rental Cars also runs special rent a car and car hire deals, which means customers will not find out exactly what car leasing company they are booking with until they have completed the transaction. They are still able to see what kind of vehicle they are getting and how much room it has, though, they know what they are getting before they confirm a booking. This type of deal is commonly offered for hotels but it is much less common to see them with Dubai rental cars, which makes Rental Cars UAE service even more valuable for Car Hire Dubai. Rental Cars UAE earns a place on the list of the best car rental sites because we give you more choices than other Car Lease Dubai companies in the industry. In addition to choosing where and when customers want to pick up and drop off, they can also limit results to a specific company. Then, they are presented with a table listing of the available cars in the city or airport that they have selected as well as the rates for each car class that are offered. There is also the option to view results by price, which is the smart way to go if customers are working with a limited budget and looking for 12 to 36 months booking. Customers can choose to add rental car insurance and include flight information if they are picking car up at the airport. Travelers who need special equipment like a GPS device or a child safety seat can make these requests directly with the car rental company. Then, all you should do is deliver the car and renew the contract every month which is a win situation for bother car rent company and customer
The Impacts (Or Not) Of Tech, Dodd-Frank On Aflac’s $100B Portfolio | Exclusive Q&A: Eric Kirsch, Global CIO
2017-10-03T16:51:01.476690-04:00https://www.thetrustedinsight.com/investment-news/impacts-or-not-tech-dodd-frank-aflac-portfolio-20171003343/
In this interview, Eric Kirsch, global CIO of Aflac's $100 billion investment portfolio, discusses how technology has enabled the automation of his back office, why there’s no robotic substitute for sound credit underwriting and why the potential alteration of the Dodd-Frank Act is unlikely to drastically impact Aflac’s private credit investments.
Blackstone, GIC Buying Out Goldman Sachs' Stake In Rothesay Life
2017-08-10T16:13:17.956277-04:00https://www.thetrustedinsight.com/investment-news/blackstone-gic-buying-out-goldman-sachs-stake-in-rothesay-life-20170810434/
Global investment firm Blackstone, Singapore sovereign fund GIC and Massachusetts Mutual Life Insurance Company (MassMutual) have agreed to acquire Goldman Sachs' entire shareholding in British- based pensions provider Rothesay Life for an undisclosed sum.
Kentucky Employees Retirement System Reports Double-Digit Gains
2017-08-10T11:17:46.608604-04:00https://www.thetrustedinsight.com/investment-news/kentucky-employees-retirement-system-reports-double-digit-gains-20170810427/
The $16 billion Kentucky Retirement Systems (KRS) reported double-digit investment returns for all pension and insurance funds under management for the fiscal year that ended June 30.
High-Net-Worth Investors Increasing RE Allocations
2017-08-03T10:56:46.880828-04:00https://www.thetrustedinsight.com/investment-news/high-net-worth-investors-increasing-re-allocations-20170803336/
Commercial real estate has been used effectively in ultra-high-net-worth and family office portfolios as a means to enhance yield in a return‑starved market. This enhanced yield has not been lost on the greater institutional marketplace, however, where sovereign wealth funds, domestic pension funds and life insurance companies have flooded the market with capital, prompting concern over the potential for a pricing bubble.
Oak Hill To Acquire Carlyle's Stake In EPIC
2017-08-01T10:27:11.401011-04:00https://www.thetrustedinsight.com/investment-news/oak-hill-to-acquire-carlyles-stake-in-epic-20170801286/
Oak Hill Capital has agreed to acquire The Carlyle Group’s stake in EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage and employee benefits consultant.
Japan Expands Trade Insurance With Eye On Infrastructure Exports
2017-07-26T15:36:04.456161-04:00https://www.thetrustedinsight.com/investment-news/japan-expands-trade-insurance-with-eye-on-infrastructure-exports-20170726221/
The government-backed Nippon Export and Investment Insurance will more fully cover the exposure Japanese lenders face in financing companies in emerging countries, a measure aimed at boosting infrastructure exports.
A Template For A Closed Multi-Family Office
2017-07-25T11:02:57.046002-04:00https://www.thetrustedinsight.com/investment-news/a-template-for-a-closed-multi-family-office-20170725186/
An interesting family investment concept is the closed multi-family office. A closed MFO is a family office that works with a few families but is not actively looking to increase the number it works with. Effectively, it is a way of institutionalising a co-investing arrangement between like-minded investors.
Why VCs Are Investing In Insurance
2017-07-24T10:01:19.365179-04:00https://www.thetrustedinsight.com/investment-news/why-vcs-are-investing-in-insurance-20170724134/
At first blush it may seem like insurance and venture capital make an odd couple. Venture capital is all about taking big risks for the potential of even bigger payouts down the road, while insurance is all about quantifying and mitigating risk. But make no mistake, there are vast sums of venture dollars going into insurance deals.
Novacap Wraps Up Fifth Fund At $840M
2017-07-20T14:51:28.084937-04:00https://www.thetrustedinsight.com/investment-news/novacap-wraps-up-fifth-fund-at-840m-20170720100/
Canadian private equity firm Novacap has closed its fifth fund at a hard cap of $840 million. The limited partners of NOVACAP TMT V include public and corporate pension funds, insurance companies, endowments, foundations, family offices and individual investors in Canada, the U.S., Europe and Australia. The fund will focus on a wide number of tech sectors that include software, internet infrastructure and e-commerce and make individual investments ranging from $20 million to $100 million.
Chinese Pension Inflows Surge
2017-07-06T12:46:59.756761-04:00https://www.thetrustedinsight.com/investment-news/chinese-pension-inflows-surge-20170706868/
For the first five months of the year, 1.58 trillion yuan (US$232.4 billion) flowed into pension funds in China, a nearly 24% surge from the same period last year, according to China’s Ministry of Hu...
J.P. Morgan Asset Management Raises $480M For Second Maritime Fund
2017-06-23T15:11:09.977330-04:00https://www.thetrustedinsight.com/investment-news/jp-morgan-asset-management-raises-480m-for-second-maritime-fund-20170623585/
J.P. Morgan Asset Management has closed its second maritime fund at $480 million. The limited partners of Global Maritime Investment Fund II include pension plans, insurance companies, endowments and healthcare organizations. The pool will invest in vessels in distressed shipping sectors. So far, the fund has deployed $312 million of its capital via the acquisition of 14 assets.
Institutional Investors Stow $480M Into JP Morgan Shipping Fund
2017-06-20T16:35:48.853820-04:00https://www.thetrustedinsight.com/investment-news/institutional-investors-stow-480m-into-jp-morgan-shipping-fund-20170620481/
<p>Pension funds, insurers and other institutional investors have committed $480m (€430m) to a new shipping fund run by JP Morgan Asset Management.</p>
<p>The Global Maritime Investment Fund II has already bought 14 assets, investing $312m or 65% of its total capital, the firm said.</p>
Hedge Funds Put Into Perspective: Alpha Driven By Shorts
2017-06-16T11:16:04.399144-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-put-into-perspective-alpha-driven-by-shorts-20170616365/
Also see Q1 hedge fund letters “Better to be out of a bull market than fully invested in a bear market.” – Bill Henry Alpha in May driven by short side Morgan Stanley Hedge funds as an insurance amidst uncertain […]
Individuals And Institutions Split On Benefits Of ESG Investing
2017-06-15T11:04:38.831963-04:00https://www.thetrustedinsight.com/investment-news/individuals-and-institutions-split-on-benefits-of-esg-investing-20170615347/
Individuals believe the environmental, social, and ethical records of the companies they invest in are important, said Natixis, while professionals at institutions and within “the investment community” were more sceptical about the efficacy of these strategies, for example having concerns about performance measurement.
Tips For Family Offices To Combat Cyber Crime
2017-06-12T17:30:01.771096-04:00https://www.thetrustedinsight.com/investment-news/tips-for-family-offices-to-combat-cyber-crime-20170612273/
Family offices are more vulnerable to cyber crime than many other financial groups, but what can they do to make them less vulnerable? A new report outlines a number of good practices for family offices in this area.
Family Offices, Endowments Commit To River Associates' Seventh Fund
2017-06-12T17:10:46.471897-04:00https://www.thetrustedinsight.com/investment-news/family-offices-endowments-commit-to-river-associates-seventh-fund-20170612271/
<p>River Associates Investments has raised $285 million in capital commitments for its seventh middle-market private equity fund, surpassing the original $250 million target. The oversubscribed new fund, named River VII, was raised in approximately eight months, the company said in a statement. Commitments came from endowments, public company pension plans, insurance companies and family offices. </p>
Insurance Companies Continue To Decrease Hedge Fund Exposures
2017-06-08T16:56:04.565661-04:00https://www.thetrustedinsight.com/investment-news/insurance-companies-continue-to-decrease-hedge-fund-exposures-20170608212/
A.M. Best: Insurance industry's investment allocations to hedge funds declined approximately 28% in 2016. The post Insurance Companies Continue to Decrease Hedge Fund Exposures appeared first on Chief Investment Officer.
Two New Members Appointed To Idaho Endowment Fund
2017-05-30T11:19:39.855942-04:00https://www.thetrustedinsight.com/investment-news/two-new-members-appointed-to-idaho-endowment-fund-20170530945/
Governor C.L. “Butch” Otter has appointed Mary E. Hughes and Jerry F. Aldape to the nine-member Idaho Endowment Fund Investment Board, with terms ending in 2020 and 2021, respectively. Both appointme...
China Life Commits $1B Real Estate Deal With PE Firm
2017-05-26T12:21:22.643848-04:00https://www.thetrustedinsight.com/investment-news/china-life-commits-1b-real-estate-deal-with-pe-firm-20170526879/
China Life Insurance Group has invested in U.S. real estate before, but the insurer’s nearly $1 billion deal this week with Clayton-based ElmTree Funds LLC was a further sign of increasing investor appetite for properties beyond the hottest U.S. cities. The deal is a sign of growing interest by property investors in markets like St. Louis.
Heitman Invests In German Logistics For MEAG Mandate
2017-05-19T16:01:05.822606-04:00https://www.thetrustedinsight.com/investment-news/heitman-invests-in-german-logistics-for-meag-mandate-20170519709/
<p><a class="intextlink" href="http://hub.ipe.com/heitman-real-estate-homepage/415580.supplier" rel="intextlink_0">Heitman</a> has bought five German logistics buildings for MEAG, the investment arm of Munich RE and ERGO insurance group.</p>
<p>The assets, part of a logistics park in Worms, were acquired on behalf of MEAG’s European Logistics Fund.</p>
NewSpring Capital's Fourth Growth Fund Raises $280M
2017-05-11T18:07:34.101817-04:00https://www.thetrustedinsight.com/investment-news/newspring-capitals-fourth-growth-fund-raises-280m-20170511423/
NewSpring Capital said May 11 that its latest growth fund closed at $280 million. Investors of NewSpring Growth Capital IV LP include family offices, insurance companies, public pension plans, fund of funds, financial institutions, and university endowments. The fund will invest in growth-stage businesses in the information technology, enabling technology, and business services sectors, with an emphasis on the Mid-Atlantic region. NewSpring also said that Prashanth (PV) Boccasam joined the firm as an operating partner dedicated to the growth strategy.
GoldPoint Closes Fourth Mezzanine Fund At $1.3B
2017-05-10T15:31:26.716710-04:00https://www.thetrustedinsight.com/investment-news/goldpoint-closes-fourth-mezzanine-fund-at-13b-20170510387/
New York Life affiliate GoldPoint Partners said it closed a fourth mezzanine fund, GoldPoint Mezzanine Partners IV, on April 17 with $1.3 billion of commitments. The investor base includes public and private pension funds, financial institutions, insurance companies, family offices and a number of high-net-worth individuals.
Caisse, CPPIB, OTPP To Fund Intact's $2.3B Buy Of OneBeacon
2017-05-03T17:31:16.538882-04:00https://www.thetrustedinsight.com/investment-news/caisse-cppib-otpp-to-fund-intacts-23b-buy-of-onebeacon-20170503145/
Intact Financial Corp (TSX: IFC), a Canadian provider of property and casualty insurance, has agreed to acquire OneBeacon Insurance Group Ltd (NYSE: OB), a U.S. specialty insurer, for about $2.3 billion (US$1.7 billion) in cash. Toronto-based Intact said the deal, expected to close in the fourth quarter, will create a North American insurer with more than $2 billion in specialty lines premiums. The funding of the acquisition will include $700 million of equity financing, $340 million of which will be raised through a private offering from Caisse de dépôt et placement du Québec, Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan (OTPP).
AIG's Investors, Awaiting CEO Plan, Uneasy Ahead Of Results
2017-05-02T17:20:15.017549-04:00https://www.thetrustedinsight.com/investment-news/aigs-investors-awaiting-ceo-plan-uneasy-ahead-of-results-20170502095/
<p>For nearly two months, American International Group Inc has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company's future.</p>
<p>AIG reports its first-quarter earnings on Wednesday and analysts and investors said they want to know more about AIG's succession plans. Chief Executive Officer Peter Hancock announced on March 9 that he would depart once the board found a replacement, citing a lack of confidence among directors and investors.</p>
Warburg Pincus Names Casserley As Senior Advisor To Financial Services Group
2017-04-28T10:12:54.779961-04:00https://www.thetrustedinsight.com/investment-news/warburg-pincus-names-casserley-as-senior-advisor-to-financial-services-group-20170428967/
Private equity company Warburg Pincus has appointed former Willis Group CEO Dominic Casserley as a senior advisor in its financial services group. In this capacity, Casserley will support Warburg Pincus in identifying and evaluating new investment opportunities in the financial services sector, including in the banking and insurance industries, the company said in a statement.
Portfolio Advisors Raises $740M For Second Direct Credit Fund
2017-04-19T18:06:00.047823-04:00https://www.thetrustedinsight.com/investment-news/portfolio-advisors-raises-740m-for-second-direct-credit-fund-20170419735/
<p>Connecticut-based private markets manager Portfolio Advisors has raised $740 million in capital commitments for its second direct credit fund.</p>
<p>The new fund, named PA Direct Credit Opportunities Fund II, held its final closing on March 31, 2017 and reached the top of its funding target, the company said. Support was received from existing and new investors, including pension funds, insurance companies, foundations, endowments, family offices and high net worth individuals both in the U.S. and abroad. Fund II has already invested over 30% of its capital in ten companies.</p>
S.Korea’s ING Pays High Dividends To Draw Investors For $1.2B IPO
2017-04-19T18:03:20.623127-04:00https://www.thetrustedinsight.com/investment-news/skoreas-ing-pays-high-dividends-to-draw-investors-for-12b-ipo-20170419732/
Private equity-owned ING Life Insurance Korea is banking on its hefty dividend payouts to draw investors to its planned initial public offering (IPO) that could raise as much as $1.2 billion in one of South Korea’s bigger public floats.
Commercial Lending Falls Amid Growing Risks
2017-04-12T16:46:04.372058-04:00https://www.thetrustedinsight.com/investment-news/commercial-lending-falls-amid-growing-risks-20170412510/
<a href="http://www.investopedia.com/terms/c/commercialrealestate.asp">Commercial real estate</a> lending has been falling as regulators voice their concerns about the sector and buyers grow nervous, according to <a href="https://www.wsj.com/articles/lending-for-commercial-property-falls-as-investors-pull-back-1491903008" target="_blank">The Wall Street Journal</a>. Property values for this particular segment of real estate have reached all-time highs after eight years of steady gains, and sales of commercial real estate have slowed sharply as of late. In addition, the number of Federal Deposit Insurance Corp. (FDIC) insured institutions with potentially troubling concentrations of risk has been on the rise.
Here’s An Obscure Thing Hedge Funds Are Buying Because Of The North Korea Nuclear Risk
2017-04-11T17:53:54.054680-04:00https://www.thetrustedinsight.com/investment-news/heres-an-obscure-thing-hedge-funds-are-buying-because-of-the-north-korea-nuclear-risk-20170411469/
Hedge funds are snapping up insurance against a South Korean default as the nuclear threat from North Korea appears to grow. "The speed of the move in the cost of protection is one of the sharpest we've witnessed in years," said Larry McDonald of "The Bear Traps Report" newsletter. As measured by South Korea's five-year-default swap, the cost of protection against the country's inability to pay back loans leaped Tuesday to its highest level since July. As of last August, S&P had an AA credit rating and a stable outlook for South Korea. North Korean state media warned...
Indian Private Equity Firm To Acquire Religare Health Insurance
2017-04-10T15:25:35.551830-04:00https://www.thetrustedinsight.com/investment-news/indian-private-equity-firm-to-acquire-religare-health-insurance-20170410373/
<p>A consortium of investors led by Indian private equity fund True North has agreed to acquire Religare Enterprises Ltd's health insurance business in the country, the groups said in a joint statement on Sunday.</p>
<p>The deal, which still needs regulatory approvals, values the Religare Health Insurance at 13 billion rupees ($202.3 million).</p>
Ping An Insurance To Maintain US$1b Annual Investment In Internet
2017-04-05T15:02:55.592028-04:00https://www.thetrustedinsight.com/investment-news/ping-an-insurance-to-maintain-us1b-annual-investment-in-internet-20170405220/
Ping An Insurance, the nationâs second largest insurer in terms of premiums, will continue investing about US$1 billion per year on internet development as the company expands its fintech and health care businesses to diversify its income, according to Jessica Tan, chief operating officer of the group.
EBRD Exits Investment In Slovenia’s Prva Group
2017-04-04T10:16:05.065963-04:00https://www.thetrustedinsight.com/investment-news/ebrd-exits-investment-in-slovenias-prva-group-20170404148/
<p>The European Bank for Reconstruction and Development (EBRD) has exited its investment in Prva Group, one of Slovenia’s – and south-east Europe’s – biggest insurance and pensions providers.</p>
<p>At the end of March the bank sold its 20% stake for an undisclosed amount to DEJ doo, a Ljubljana-based company that already held just over 50% in Prva.</p>
<p>According to the EBRD, it originally invested in Prva in February 2007 in order to further its market expansion and strengthen corporate governance.</p>
<p>Later that year Prva’s subsidiary <a href="https://www.ipe.com/pensions/pensions-in/cee/pensions-in-central-and-eastern-europe-the-living-organism-of-macedonian-pensions-a-decade-after-reforms/10006096.article">KB First Pension Company</a> won one of two Macedonian mandatory pension fund licences, and subsequently set up a voluntary fund.</p>
Aflac Announces Investment Partnership With NXT Capital
2017-04-03T11:36:06.095900-04:00https://www.thetrustedinsight.com/investment-news/aflac-announces-investment-partnership-with-nxt-capital-20170403098/
Aflac, the leading provider of voluntary insurance at the worksite in the United States, announced today that it has reached an agreement with NXT Capital to manage Aflac's new portfolio, which will focus on investments related to middle-market private debt. Aflac Global Investments, the asset management division of Aflac Incorporated, will initially fund a $500 million portfolio consisting of direct investments in floating rate, senior secured loans to middle-market companies on behalf of Aflac's general account. Aflac will also invest approximately $50 million, which will be funded from Aflac's insurance general account for a minority stake in NXT Capital, demonstrating the mutual commitment to a long-term relationship and the benefits that can be derived over time by partnering together in the asset class.
China Is Now The World's Largest Source Of Outbound Hotel Investment
2017-03-30T11:11:04.699313-04:00https://www.thetrustedinsight.com/investment-news/china-is-now-the-worlds-largest-source-of-outbound-hotel-investment-20170330013/
Following on the heels of its blistering global hotel-buying spree last year, China's insurance companies and other big investors are poised to set another record in 2017.
Aflac Seeks Partners In Innovation With Venture Capital Efforts
2017-03-20T09:21:48.512691-04:00https://www.thetrustedinsight.com/investment-news/aflac-seeks-partners-in-innovation-with-venture-capital-efforts-20170320641/
Aflac Incorporated announced today it is pursuing investment opportunities targeting early-stage companies whose mission is relevant to Aflac's core business. Designed to help the company enhance its strategic and innovative focus in both the U.S. and Japan, Aflac Corporate Ventures partners with technology accelerators to create the agility required to quickly identify and invest in early-stage companies, helping them accelerate innovation across the insurance value chain, including digital solutions that enhance the customer experience.
Facing ‘Headwinds,’ Connecture Raises Another $17.5M From PE Firms
2017-03-17T10:21:29.774793-04:00https://www.thetrustedinsight.com/investment-news/facing-headwinds-connecture-raises-another-175m-from-pe-firms-20170317577/
The uncertainty surrounding the Affordable Care Act and the private, state, and federal health insurance marketplaces launched following the law’s passage has created “market headwinds” for the Brookfield, WI-based software developer Connecture, the company’s CEO said earlier this week.
KKR, CDPQ Said To Be Near $2B Joint Bid To Buy USI Insurance
2017-03-17T10:20:58.186353-04:00https://www.thetrustedinsight.com/investment-news/kkr-cdpq-said-to-be-near-2b-joint-bid-to-buy-usi-insurance-20170317576/
KKR & Co. and Caisse de dépôt et placement du Québec are nearing a deal to jointly acquire insurance broker USI Insurance Services for about $2 billion, according to people familiar with the matter.
PIC Invests £93M In Welsh Housing Partnership Debt
2017-03-15T18:31:04.449302-04:00https://www.thetrustedinsight.com/investment-news/pic-invests-93m-in-welsh-housing-partnership-debt-20170315524/
Pension Insurance Corporation has invested £93 million in secured debt issued by the Welsh Housing Partnership, which was set up as a strategic initiative for delivering new affordable housing for four housing associations, supported by the Welsh Government.
Why Wealthy Foreign Nationals Coming To The U.S. Are Using Private Placement Life Insurance
2017-03-15T11:31:04.062329-04:00https://www.thetrustedinsight.com/investment-news/why-wealthy-foreign-nationals-coming-to-the-us-are-using-private-placement-life-insurance-20170315493/
For a plethora of reasons from the comparative political and economic stability of the country to disclosure laws, the U.S. is a magnet for wealthy foreign nationals. “With the growth in the worldwide number of family offices, we continue to see a solid percentage of them coming to the U.S. This takes a variety of forms from working with "outpost family offices" to establishing their own operation in the country. One consistency is that the ultra-wealthy families are extensively engaging in inbound planning with a keen eye to tax minimization.
AIMCo To Invest $500M In Allied World Acquisition Deal
2017-03-14T10:23:04.809546-04:00https://www.thetrustedinsight.com/investment-news/aimco-to-invest-500m-in-allied-world-acquisition-deal-20170314438/
Alberta Investment Management Corp (AIMCo) has agreed to invest US$500 million in the acquisition of Swiss insurer Allied World Assurance Co Holdings AG by Fairfax Financial Holdings Ltd. Fairfax, a Canadian financial holding company, announced the proposed buy of Allied World for US$4.9 billion in December. The cash-and-stock transaction is expected to close in the second quarter. AIMCo’s investment will give it a stake in the company of about 10 percent. Allied World is a provider of property, casualty and specialty insurance and reinsurance solutions.
New Fund Puts $141M Toward Digital Finance In The Developing World
2017-03-10T17:48:10.366181-05:00https://www.thetrustedinsight.com/investment-news/new-fund-puts-141m-toward-digital-finance-in-the-developing-world-20170310393/
Accion and Quona Capital this week launched the Accion Frontier Inclusion Fund, which devotes $141 million to using financial technology in order to reach people without bank accounts, credit cards, insurance or access to loans.
AIG CEO To Resign In Wake Of Loss, Successor Unclear
2017-03-09T17:46:39.155564-05:00https://www.thetrustedinsight.com/investment-news/aig-ceo-to-resign-in-wake-of-loss-successor-unclear-20170309324/
American International Group Inc said on Thursday its Chief Executive Peter Hancock will step down, a decision he made after poor financial performance frustrated shareholders and the insurer's board of directors.
J.F. Lehman & Company Holds Final Close On Fourth Fund At $833M And Hits Hard Cap
2017-03-03T16:35:42.867186-05:00https://www.thetrustedinsight.com/investment-news/jf-lehman-company-holds-final-close-on-fourth-fund-at-833m-and-hits-hard-cap-20170303106/
Capital commitments were secured from a diversified group of more than four dozen institutions based in North America and Europe. Investors include leading public and private pension funds, insurance companies, fund-of-funds, family offices, endowments and foundations. Additional commitments were provided by members of J.F. Lehman & Company's Operating Executive Board, individual investors and the firm's general partners.
Hedge Fund Citadel Joins Industry's Standard-Setting Body
2017-03-01T10:44:10.255449-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-citadel-joins-industrys-standard-setting-body-20170301970/
The London-based group said hedge fund managers Citadel plus Bermuda-based Hiscox Re Insurance Linked Strategies Ltd and Hong Kong-based Myriad Asset Management Ltd have joined as signatories. U.S.-b...
EQT Raises €4bn For Third Global Infrastructure Fund
2017-02-24T11:51:05.648225-05:00https://www.thetrustedinsight.com/investment-news/eqt-raises-4bn-for-third-global-infrastructure-fund-20170224838/
<p>The Swedish private equity manager said it had secured commitments from investors including European pension funds, Asian insurance companies, Australian superannuation schemes and US pension plans.</p>
<p>EQT Infrastructure III has been backed by Nordic institutions AP4, Danica Pension, Ilmarinen, KEVA, Sampension, Skandia, Varma, VER.</p>
<p>Asian investors include The Dai-ichi Life Insurance Company, Fubon Life Insurance Company, Nan Shan Life Insurance Company, Sumitomo Mitsui Trust Bank.</p>
How Many Big US Real Estate Deals Have Chinese Insurers Made This Year? None
2017-02-23T10:55:08.229164-05:00https://www.thetrustedinsight.com/investment-news/how-many-big-us-real-estate-deals-have-chinese-insurers-made-this-year-none-20170223776/
China’s insurance giants have hit the brakes on their $100 billion buying spree following a regulatory squeeze on speculation and new limits on outbound capital. Insurers like Anbang Insurance Group, Ping An Insurance and China Life Insurance – some of the most active buyers last year – haven’t made any acquisitions so far this year, Bloomberg reported. Chinese investment has been behind some of the biggest New York City real estate deals in recent years, ... [more]
South African Private Equity Firm Acquires Kenyan Unit Of Aon
2017-02-22T16:34:07.948180-05:00https://www.thetrustedinsight.com/investment-news/south-african-private-equity-firm-acquires-kenyan-unit-of-aon-20170222745/
Johannesburg-based Capitalworks has bought out Aon interests in Aon Kenya, a firm which offers insurance brokerage services as well as human resource consulting.
A French Investment Firm Is Close To Raising A €250M European Startup Fund
2017-02-22T10:27:13.495475-05:00https://www.thetrustedinsight.com/investment-news/a-french-investment-firm-is-close-to-raising-a-250m-european-startup-fund-20170222719/
<p>LONDON — French investor Idinvest Partners is in the final stages of raising a €250 million (£211 million) venture capital fund that will be used to back startups across Europe.</p>
<p>Benoist Grossman and Matthieu Baret, two of the firm's partners, told Business Insider on Wednesday that they expect the fund to be closed by June.</p>
<p>"We are currently raising a new fund that will cover Europe," said Baret in London.</p>
<p>Grossman said that the money was coming from pension funds, insurance companies, and elsewhere.</p>
<p>"We've had a very successful strategy over the past 10 years and we have the deal flow," said Baret.</p>
<p>The fund will be used to invest between €5 million (£4 million) and €25 million (£21 million) into startups that have the potential to scale into billion dollar businesses.</p>
Good And Bad Of Private Equity Investment In Insurance Agencies
2017-02-16T15:39:33.122815-05:00https://www.thetrustedinsight.com/investment-news/good-and-bad-of-private-equity-investment-in-insurance-agencies-20170216561/
It takes a lot of capital for an insurance agency to grow, acquire, merge or partner with another agency, and increasingly, private equity firms are stepping up to the plate to supply that funding. Although the number of reported mergers and acquisitions in the insurance distribution system in the U.S. and Canada fell slightly last year — from 456 in 2015 to 449 in 2016 — both years represent an increase from 2014 when 359 agency/brokerage M&As were reported, according to Chicago-based Optis Partners, which specializes in investment banking and financial services.
Blackstone To Acquire Aon's Benefits Outsourcing Business For $4.8B
2017-02-16T15:34:44.598906-05:00https://www.thetrustedinsight.com/investment-news/blackstone-to-acquire-aons-benefits-outsourcing-business-for-48b-20170216555/
Blackstone has agreed to acquire insurance broker Aon's employee benefits outsourcing business for around $4.8 billion.
Japan's Sompo Teams Up With Stanford, US Venture Capital Firm
2017-02-15T09:46:46.201023-05:00https://www.thetrustedinsight.com/investment-news/japans-sompo-teams-up-with-stanford-us-venture-capital-firm-20170215473/
This reportedly marks the first collaboration with a Japanese nonlife insurer by either the Center for Automotive Research at Stanford, known as CARS, or San Francisco venture capital firm Comet Labs.
Hedge Fund Consultant Jefferis Joins Hazeltree
2017-02-14T17:05:10.478079-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-consultant-jefferis-joins-hazeltree-20170214459/
Don Jefferis to expand Hazletree's client base to insurance companies and pension plans.
Griffin Capital REIT Acquires Denver Office Complex
2017-02-10T13:20:12.615811-05:00https://www.thetrustedinsight.com/investment-news/griffin-capital-reit-acquires-denver-office-complex-20170210371/
Griffin Capital Corp., on behalf of Griffin Capital Essential Asset REIT II Inc., announced the first acquisition by the REIT—a Class A office complex in the Greater Denver metropolitan area. The REIT purchased the property from Farmers New World Life Insurance Co., which was represented by CBRE.
Goldman Hedge Fund Folding London Operations, Shifting Staff To U.S.
2017-02-09T16:49:23.253385-05:00https://www.thetrustedinsight.com/investment-news/goldman-hedge-fund-folding-london-operations-shifting-staff-to-us-20170209347/
Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters.
About eight staff members who made up the London team were recently told to move to the Battery Park City headquarters of Goldman Sach Group Inc ( GS.N ) in lower Manhattan or find a new job internal...
Samsung Catalyst Fund Joins $75M Round In AI Platform
2017-02-06T13:32:46.120884-05:00https://www.thetrustedinsight.com/investment-news/samsung-catalyst-fund-joins-75m-round-in-ai-platform-20170206173/
SoundHound Inc has closed $75 million in new funding from a round that saw participation from a strategic group of investors including NVIDIA GPU Ventures, Samsung Catalyst Fund, a venture fund backed by Samsung Electronics, Nomura Holdings Inc, Sompo Japan Nipponkoa Insurance Inc and RSI Fund I, a VC arm of Recruit Holdings.
NVIDIA, Others Invest $75M In Startup Voice-Enabled AI Everywhere
2017-01-31T14:26:13.028785-05:00https://www.thetrustedinsight.com/investment-news/nvidia-others-invest-75m-in-startup-voice-enabled-ai-everywhere-20170131008/
The full list of investors include NVIDIA, Samsung Catalyst Fund, Nomura Holdings, Inc., Sompo Japan Nipponkoa Insurance Inc., RSI Fund (the VC arm of Recruit Holdings), Kleiner Perkins, SharesPost 100 Fund, MKaNN, joining previous investors Global Catalyst Partners, Walden Venture Capital, and Translink Capital Partners.
Former Visa President Raises $125M For New Fintech Fund
2017-01-30T09:54:28.887456-05:00https://www.thetrustedinsight.com/investment-news/former-visa-president-raises-125m-for-new-fintech-fund-20170130932/
The new fund has 10 institutional investors and 29 Limited Partner Advisors and has already made a dozen investments, including in insurance startups Embroker and Ladder.
Exclusive Q&A With Josh Ross, Illinois TRS' Newest Investment Officer
2017-01-26T13:50:11.781335-05:00https://www.thetrustedinsight.com/investment-news/exclusive-qa-with-josh-ross-illinois-trs-newest-investment-officer-20170126842/
<p dir="ltr">Josh Ross is an investment officer at Teachers' Retirement System of the State of Illinois (TRS), where he helps manage the $45.7 billion pension fund’s private equity investments. Josh joined TRS in December 2016. Previously, he had worked with family offices and managed private equity investments for Liberty Mutual. In this interview, Ross discusses his new role at Illinois TRS, why he thinks public pension funds are more similar to insurance companies than endowments, and shares his experience working with a Hawaii-based impact investment organization.</p>
State Pension Fund’s Risky Investments
2017-01-24T10:54:23.569271-05:00https://www.thetrustedinsight.com/investment-news/state-pension-funds-risky-investments-20170124738/
Yes, things are better in 2016. However, in 2015, the state pension funds lost money. An increase over a loss is good but not nearly as good as continual year-to-year growth. Especially when the fund is assumed to return over 7% a year.
Fairfax May Sell 25 Percent Of India's ICICI Lombard In Up To $1B Deal
2017-01-20T14:31:13.720767-05:00https://www.thetrustedinsight.com/investment-news/fairfax-may-sell-25-percent-of-indias-icici-lombard-in-up-to-1b-deal-20170120656/
<p>Fairfax Financial Holdings (FFH.TO) is in early talks to sell 25 percent of India’s largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture, sources familiar with the matter said.</p>
<p>ICICI Lombard is a joint venture formed in 2001 between ICICI Bank (ICBK.NS), India’s second largest bank, and Fairfax, which is led by Canadian billionaire Prem Watsa.</p>
Sovereign Green Bonds: Poland Sets A Precedent
2017-01-20T14:28:10.758024-05:00https://www.thetrustedinsight.com/investment-news/sovereign-green-bonds-poland-sets-a-precedent-20170120650/
Demand in the Green Bond market has historically been driven largely by environmentally and socially responsible investors. As the market becomes more mainstream, the investor base has expanded to include pension funds, insurance companies, asset managers and retail investors. With growth in the diversity of issuer type and structure, Green Bonds have developed into an asset class of their own providing fixed income products that meet investors' underlying financial requirements, and enable them to show support for initiatives they deem to be important global priorities.
Allstate Expands Into Opportunistic Real Estate Investments
2017-01-18T17:39:37.115390-05:00https://www.thetrustedinsight.com/investment-news/allstate-expands-into-opportunistic-real-estate-investments-20170118547/
<p>Allstate is growing its investment strategy into opportunistic investment opportunities for the first time in real estate, infrastructure and agribusiness.</p>
Robots Already Do 80% Of The Work At This Danish Pension Fund
2017-01-17T11:20:07.889264-05:00https://www.thetrustedinsight.com/investment-news/robots-already-do-80-of-the-work-at-this-danish-pension-fund-20170117450/
Elon Musk wants people to live on Mars by 2030 — and this isolated Hawaiian base camp is the closest we've come to that vision yet...
Crescent Capital Closed Seventh Mezzanine Fund At Over $4.6B
2017-01-12T17:25:12.372895-05:00https://www.thetrustedinsight.com/investment-news/crescent-capital-closed-seventh-mezzanine-fund-at-over-46b-20170112380/
Crescent Capital Group LP, an alternative credit investment firm, has closed its seventh mezzanine fund at over $4.6 billion, beating its $3 billion target. Crescent Mezzanine Partners VII’s limited partners including sovereign wealth funds, pension funds, insurance companies, financial institutions, foundations and endowments. The firm targets companies that have private equity backing and valuations of more than $300 million. In August 2013, Crescent raised more than $3.4 billion for its sixth mezzanine fund, sweeping past its $2.5 billion target.
Pension Insurance Corporation Finances UK Student Housing Project
2017-01-12T11:23:55.619724-05:00https://www.thetrustedinsight.com/investment-news/pension-insurance-corporation-finances-uk-student-housing-project-20170112351/
<p>Pension Insurance Corporation (PIC), an insurer of defined benefit pension funds, has provided £87m of funding for a UK student-housing project.</p>
<p>The PIC provided a 46-year, index-linked secured loan to the University Partnerships Programme (UPP) for a 511-unit London scheme.</p>
Onex Explores $4B Sale Of USI Insurance Services
2017-01-12T11:18:27.577617-05:00https://www.thetrustedinsight.com/investment-news/onex-explores-4b-sale-of-usi-insurance-services-20170112343/
Canadian private equity firm Onex Corp is exploring a sale of USI Insurance Services, hoping that a deal will value the U.S. insurance brokerage at as much as US$4 billion, including debt, according to people familiar with the matter.
Q&A: Ken Miranda Pursues Growth For Cornell's Endowment
2017-01-12T10:47:22.097804-05:00https://www.thetrustedinsight.com/investment-news/qa-ken-miranda-pursues-growth-for-cornells-endowment-20170112338/
This past July, Kenneth Miranda became Cornell’s chief investment officer. He oversees the university’s $6 billion portfolio, following 16 years as director of the International Monetary Fund’s (IMF)...