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3 Reasons Why Sovereign Wealth Funds are Bullish on Huarong

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Chinese bad debt is a hot sector for institutional investors. Blackrock, the Blackstone Group, Bain Capital and KKR are savoring over the possibility of buying a stake in China Huarong Asset Management Co Ltd, the largest of China’s bad loan managers. Other institutional investors include sovereign wealth funds from Asia and the Middle East. Huarong is seeking to sell a major stake worth between 15% to 20% to strategic investors before their initial public offering. The IPO could be as far as 2016.

Many Chinese economists perceive if their domestic economy slows, a major influx of loans are expected to go bad. A tough pill for the Chinese economy, but a boon for bad loan managers like Huarong.

Institutional Investors’ Three Reasons for Huarong

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Contemplates Investing in SoftBank Vision Fund

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Bahrain-based Mumtalakat Holdings is interested in joining a chorus of sovereign funds committing capital to Japan-based SoftBank Group’s Vision Fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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