SWFI First Read, November 16, 2016

Calamos Loses Major Mandate from Nomura

Calamos Investments is losing money from a major account, which could bring its assets under management down by 5%. Approximately, US$ 1.1 billion in assets is being pulled from Calamos by Nomura Holdings. Nomura is moving the money to American Century Investments. In December 2015, Nomura acquired a 41% ownership stake in American Century Investments.

CIC May Open London Office

The China Investment Corporation (CIC) may be opening up a London office. In addition, China Life, a massive Chinese insurer, is also considering having a London office. The Shanghai Clearing House China Foreign Exchange Trade System plans to open a representative office in London.

BTG Pactual Finalizes Sale in Ariel Re

Brazil-based BTG Pactual finalized its disposition of reinsurer Ariel Re. BTG Pactual sold its 50% stake in Ariel Re for US$ 235 million to Bermuda-based Argo Group International Holdings. The Abu Dhabi Investment Council (ADIC) retained its 50% ownership stake in Ariel Re.

National Highways Authority of India Looks to Sweeten Offer for Foreign Institutional Investors on Roads

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