Friday SWFI News Roundup, May 6, 2016
Round II for Glencore Ag Unit
Glencore plc is in discussions to unload a further 9.9% stake in its agricultural unit. Glencore is on a mission to raise cash and is talking to bidders that lost to Canada Pension Plan Investment Board’s (CPPIB) 40% stake deal. These bidders include the Qatar Investment Authority (QIA), another Canadian pension and Saudi Agricultural and Livestock Investment Co (SALIC), which is owned by the Public Investment Fund (PIF).
New York-Presbyterian Hires Kaiser Permanente’s CIO
New York-Presbyterian, a healthcare non-profit, has hired a new chief investment officer. William Lee will join New York-Presbyterian as CIO. He replaces Gloria Reeg as CIO who is retiring effective June 1, 2016. Lee spent more than 10 years at Oakland-based Kaiser Permanente, America’s largest health care non-profit. Lee also worked at Levi Strauss & Co., where he headed global pension investments.
Temasek and General Atlantic Eye Stake in Aster DM Healthcare
Private equity investor General Atlantic LLC and Temasek Holdings are in talks to buy a minority stake worth between 10% to 15% in Dubai-based Aster DM Healthcare. Aster DM Healthcare is planning to have an initial public offering (IPO). The company oversees a total of 15 hospitals, 80 clinics and 200 pharmacies in the Middle East and India.
OCERS Looks to Ditch AEW Core Fund Over Returns
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