Insto roundup: GPIF posts 2.68% quarterly returns; GIC backs PE bid for Morrisons
China issues sweeping new regulations for ratings agencies; Fidelity, JP Morgan and BNP Paribas Securities Services win approvals in China; Westpac sells Australian life insurance business to TAL Dai-ichi Life; Poba commits $95 million to AXA IM; GIC backs private equity bid for UK supermarket chain Morrisons; Omers-backed ESR Cayman acquires real assets manager; CareSuper posts 17.49% return; and more
AUSTRALIA
The partnership formed by several institutional investors in Australia including QIC, Future Fund, Aware Super, Hostplus and LGIASuper, has completed its acquisition of the Australian business of Tilt Renewables.
Powering Australian Renewables (PowAR), entered a binding agreement in March to acquire the Australia business of Tilt Renewables at NZ$7.80 a share. Mercury NZ had also signed an agreement to acquire the New Zealand business.
PowAR is a A$2 billion partners…
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