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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.

CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

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Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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