SWFI First Read, July 30, 2017

Former CIC Executive to Joins Neuberger Berman

Bin Yu is bringing his team from CloudRidge Capital, a firm that he formed in 2014, to Neuberger Berman. Bin Yu was named a Portfolio Manager at Neuberger Berman. Bin Yu was formerly at the China Investment Corporation (CIC), running a US$ 10 billion plus global equity portfolio.

Dubai Investments Real Estate Company Scores Loan from First Abu Dhabi Bank and Abu Dhabi Commercial Bank

Dubai Investments Real Estate Company, a unit of Dubai Investments, inked a 1.1 billion AED loan to construct a residential development in the Mirdif neighborhood in Dubai called the Mirdiff Hill real estate development. Lenders for that loan were First Abu Dhabi Bank and Abu Dhabi Commercial Bank. The Investment Corporation of Dubai (ICD) owns a stake in Dubai Investments.

Mark Roemer Joins Acadian Asset Management

Mark Roemer left Allianz Global Investors. He is now a Portfolio Manager at Boston-based Acadian Asset Management LLC. Roemer will be based in London.

Central Bank of Qatar’s Net International Reserves Fell in June

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