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SWFI First Read, June 23, 2017

QHG Oil Ventures Representatives Nominated to Rosneft Board On June 22, 2017, Rosneft held its annual shareholder meeting in Sochi. Two new board members were nominated to represent the interests of QHG Oil Ventures, the holding company owned by Glencore and the Qatar Investment Authority (QIA). One is Ivan Glasenberg Chief Executive Officer of Glencore […]

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Qatar Airways Had Eyed a Stake in American Airlines

Qatar Airways, the ambitious Gulf airlines company, had approached American Airlines regarding an investment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Anne Sheehan Named SEC IAC Chairwoman

The U.S. Securities and Exchange Commission’s (SEC) Investor Advisory Committee has a new chairwoman. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Opportunistic Abu Dhabi Financial Group Boosts Stake in Noble Group

Abu Dhabi Financial Group, through its unit Goldilocks Investment Company Limited, purchased 50.5 million shares in Noble Group Ltd., the Hong Kong-based commodity trader company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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PSP Investments Buys into Pattern Energy Platform

PSP Investments is making a big move into the wind renewable energy sector by increasing its investment with Pattern Energy Group Inc. through a variety of means. First, PSP Investments is purchasing 8.7 million shares, a 9.9% ownership interest, of Pattern Energy stock from Pattern Development 1.0. [ Content protected for Sovereign Wealth Fund Institute […]

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KIC Plans to Open Singapore Office

The Korea Investment Corporation (KIC) plans to open a Singapore office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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U.S. President Trump Mentions Rural Broadband Investment in Infrastructure Proposal

On June 21, 2017, U.S. President Donald J. Trump spoke to a large crowd in Cedar Rapids, Iowa at the U.S. Cellular Center. Trump briefly touted the US$ 1 trillion infrastructure proposal plan. Trump mentioned that part of the plan includes a provision for enhancing rural broadband internet access. Increasingly, U.S. farmers are using technology […]

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  • Equip Super and Rio Tinto Super Agree to Merge

    Equip Super Pty Ltd and the Rio Tinto Staff Superannuation Fund held talks in the beginning of the year...
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    SWFI® RESEARCH, ARTICLES AND INDUSTRY NEWS

    Fake Middleman Pleads Guilty, the Landmark 72 Building FCPA Saga

    The U.S. Department of Justice (DOJ) got involved in a complex investigation that had a mixture of fraud, money laundering and violations of the U.S. Foreign Corrupt Practices Act (FCPA). The DOJ was able to catch Malcolm Harris who pled guilty before U.S. District Judge Edgardo Ramos to wire fraud and money laundering charges arising […]


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    Qatar Sovereign Fund Moves More Domestic Holdings to MoF

    In the midst of the economic blockade, the Qatar Investment Authority (QIA) had moved US$ 30 billion worth of its domestic equity holdings to the Ministry of Finance of Qatar. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Denmark’s Industriens Pension Invests in a Number of Motorway Investments

    Industriens Pension has invested in the Northwest Parkway toll road in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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    SWFI First Read, June 21, 2017

    Former Shutterfly CEO Joins Vision Fund Jeffrey T. Housenbold, the former CEO of Shutterfly, Inc., has joined SoftBank Group as a senior investing member of the massive Vision Fund. Bidders Lineup for Senior Housing Business of LendLease China-based Cindat Capital Management, The Blackstone Group and GIC Private Limited are among a group of suitors for […]


    Can Uber Survive as Co-Founder Kalanick is Driven Out?

    San Francisco-based Uber Technologies has revolutionized the ride-hailing app industry, spawning copycats in markets such as Singapore, China, and the Middle East. In addition, Uber attracted capital from all sorts of entities, including sovereign funds. Uber had propelled itself to a US$ 70 billion unicorn, attracting Saudi money and operating in more than 70 country […]


    CIC Takes a Stake in 1515 Broadway Office Tower

    SL Green Realty Corporation had made moves to recapitalize the 54-storey office tower at 1515 Broadway in Manhattan in early January. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    EASY MONEY: Mainland China to Get Added to MSCI Emerging Market Index

    With more investors embracing passive investing, the power of index inclusion is becoming more important for countries as they seek to grow their global financial centers. After three unsuccessful annual attempts, China has finally been included to have its A shares be used in the MSCI Emerging Market index. [ Content protected for Sovereign Wealth […]


    Japan Post Scrapped Nomura Real Estate Takeover Dreams

    Japan Post Holdings Co., Ltd., formerly a government agency, has officially backed away from plans to buy Nomura Real Estate Holdings Inc. over price concerns and deal terms. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    Engie to Acquire a 40% Stake in Tabreed

    Mubadala is making moves to diversify some of its holdings, letting some foreign companies to have ownership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    National Development Fund of Iran Could be Allocating Money to Rural Areas

    The National Development Fund of Iran (NDFI) may have some of its money funneled into rural and nomadic parts of Iran. Iran’s parliament approved a bill to allocate US$ 1.5 billion in loans for job creation in rural areas in Iran.


    ADIA Reshuffles Board

    The Abu Dhabi Investment Authority (ADIA) experienced a shift in its board of directors. Two board members, Sheikh Sultan bin Zayed and Hamad Al Hurr Al Suwaidi, have exited their roles as wealth fund board members. In addition, Sheikh Khalifa bin Zayed bin Sultan Al Nahyan’s decree named Sheikh Mohammed bin Zayed, Crown Prince of […]


    SFO Levies Charges in Barclays Qatar Capital Raising Case

    On June 20, 2017, the U.K. Serious Fraud Office (SFO) levied charges against Barclays Plc and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the U.K. Companies Act 1985. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    SWFI First Read, June 20, 2017

    Landmark Merger Approved by Shareholders of Standard Life and Aberdeen Asset Management The merger between Standard Life and Aberdeen Asset Management is going through as shareholders overwhelmingly approved the deal. More than 98% of Standard Life shareholders and more than 95% of Aberdeen shareholders approved of the merger. The new company will be called Standard […]


    AIMCo, MSD Partners and CCMP Capital to Buy Swimming Pool Equipment Company

    CCMP Capital Advisors, LP and MSD Partners, L.P. and including Alberta Investment Management Corporation (AIMCo) had entered into a definitive agreement to Elizabeth, New Jersey-based Hayward Industries, Inc., a residential and commercial swimming pool equipment company that was founded in 1925. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]


    Apollo Global and Ontario Teachers Acquire Majority Stake in CareerBuilder

    McLean, Virginia-based TEGNA Inc., Chicago-based Tribune Media and McClatchy are selling ownership positions in CareerBuilder LLC, a job website, to an investor group led by Apollo Global Management and Ontario Teachers’ Pension Plan (OTPP). TEGNA was the majority owner of CareerBuilder, selling its stake for US$ 250 million, taking its stake from 53% down to […]


    CDPQ and GE Capital Aviation Services Form Global Aircraft Financing Platform

    Increasingly, Asian institutional investors, such as Korean insurers, and North American pensions are backing investments in the world of aviation by providing steady financing in a capital-intensive cyclical industry. Caisse de dépôt et placement du Québec (CDPQ) and GE Capital Aviation Services Limited (GECAS), an aircraft leasing company of GE, announced that they have signed […]


    Equip Super and Rio Tinto Super Agree to Merge

    Equip Super Pty Ltd and the Rio Tinto Staff Superannuation Fund held talks in the beginning of the year to merger. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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    Qatar Wealth Fund Supports Local Banks with Increased Deposits

    With gas-rich Qatar under a blockade from its neighbors and facing financial exclusion from countries such as Saudi Arabia, United Arab Emirates and Bahrain, the country has directed its massive sovereign fund to shore up domestic liquidity. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    ADIA is an Anchor Investor in Central Depository Services Ltd

    The Abu Dhabi Investment Authority (ADIA) was an anchor investor for Mumbai-based Central Depository Services Ltd’s initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


    No New Investments and Layoffs: Alaska Permanent Fund Preps for Government Shutdown

    The State of Alaska could be facing a government shutdown by July 1, 2017. Alaska’s House of Representatives and Senate are at odds with one another – standing in the middle is Alaskan Governor Bill Walker. Governor Walker and Alaskan Democrat officials want to raise taxes, while the Alaskan Republican officials don’t want a tax […]


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