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A Peak into Saudi Prince Alwaleed bin Talal’s Empire

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NOVEMBER 6, 2017 – UPDATE: Kingdom Holding Company said in a statement Monday that it has the government’s “vote of confidence” as it pursues its investment strategy and global business operations. Kingdom Holding Company CEO Talal al-Maiman added, “We are pleased to play a role in the continuing growth of Saudi Arabia and to strengthen the economy for the benefit of all.”

The Government of Saudi Arabia detained 11 Saudi princes, 4 current ministers and tens of former ministers in a probe, according to Saudi-owned Al Arabiya television. The new anti-corruption body is headed by Saudi Crown Prince Mohammed bin Salman (MbS). Notably detained is Saudi Prince Alwaleed bin Talal, a billionaire businessman who runs Kingdom Holding Company (KHC).

“The homeland will not exist unless corruption is uprooted and the corrupt are held accountable,” the Saudi royal decree stated.

Saudi Prince Alwaleed bin Talal is one of the world’s richest men, owning shares in companies such as Apple, Twitter, Four Seasons, Lyft, Twentieth Century Fox, Euro Disney, Jeddah Economic, Citigroup and more. KHC is also an institutional investor in many fund vehicles in markets across the globe. Saudi Prince Alwaleed bin Talal is a descendant from Saudi King Abdulaziz al-Saud, the founder of Saudi Arabia.

To view, please go to www.swfi.com. – Go to Transactions, Filter, select Kingdom Holding Company as buyer entity.

SWFI has tracked and aggregated the billions upon billions of direct transactions made by KHC over the past decades.

RDIF and Aggreko Reveal Strategic Partnership on Microgrids

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The Russian Direct Investment Fund (RDIF) and Glasgow-based Aggreko plc, a listed company that provides power, heating and cooling, signed a deal to cooperate on the development of microgrids. The parties plan to invest in the construction of facilities that will provide uninterrupted power supply and temperature control to industrial enterprises and utilities in the Russian regions. Aggreko operates one of its 6 global hubs in Tyumen, Western Siberia, through an entity called Aggreko Evraziya, OOO. In 2017, Aggreko plc acquired Younicos, a company specialized in the development of modular batteries and Microgrids control solutions.

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China and Russia Buy Up More Physical Gold

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The worst fears of the Federal Reserve may be coming true. The barbarous relic is once again offering some resistance to Fed policy as it maintains its uptrend from mid-November, and is being snapped up from central banks worldwide. Former Fed chairman Paul Volcker shared the central bank view that “Gold was the enemy.” If so, the enemy is gaining ground. China’s gold reserves quietly grew from December 2018 to February 2019. The People’s Bank of China disclosed in February 2019 that it increased its gold reserves by 10 tonnes that month, following purchases of 11.8 tonnes in January 2019, and 9.95 tonnes in December 2018. Goldman Sachs has listed central bank purchasing as the reason for the uptrend. Goldman Sachs expects to see gold at US$ 1,400 over the next six months, which would lift it well above its long-held resistance at US$ 1,350. China’s gold holdings are now US$ 79.5 billion. China, which is emphasizing diversification from the U.S. dollar, has been a fan of precious metals for years, and it has been encouraging its citizens to purchase gold and silver for a decade, when previous controls on precious metals were done away with. Now anyone in China can trade gold internationally with the swipe of a card.

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AP1 Selects Approved Managers for Emerging Market Equities Mandate

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Sweden’s AP1 chose 14 external fund managers for its 45.3 billion SEK allocation to emerging market equities. These are approved managers for AP1, but not all of them will manage money for this mandate.

The managers selected are:
Aberdeen Standard Investments
BlackRock
First State Investments
Fisher Asset Management (Fisher Investments)
GMO
GQG Partners
JP Morgan Asset Management
KBI Global Investors
Legal & General Investment Management
RBC Global Asset Management (part of Royal Bank of Canada)
Robeco
TOBAM
UBS Asset Management
Wellington Management

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