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AIMCo Opens Up Shop in London

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Leo de Bever

Leo de Bever, CEO of AIMCo

The Alberta Investment Management Corporation (AIMCo), one of Canada’s largest public asset owners, has opened an office in London. Increasingly, Canadian public investors are setting up offices globally to be closer to their current and potential private investments. The evolutionary trend of public asset owners opening up offices to be near financial centers is an ongoing occurrence in this decade. To name a few institutional investors that have set up operations in London include: Kuwait Investment Authority, Abu Dhabi Investment Authority, GIC Private Limited, CPPIB, Korea Investment Corporation and the Brunei Investment Agency.

AIMCo seeks to augment exposure to investments in private equity, real estate and infrastructure in Europe. AIMCo, along with other Canadian pensions, feel that going direct can reduce the cost of capital on investing in private deals. AIMCo has around US$ 8 billion invested in the U.K. and continental Europe in both public and private markets.

“Alberta Investment Management Corporation is a globally diversified investor with holdings in more than 50 countries and all asset classes,” states Leo de Bever in a press release, chief executive officer. “Our decision to establish a modest presence in London is driven by the efficiencies it affords us in our quest to deliver the best risk-adjusted rate of return on behalf of our Clients.”

QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Discloses Investment in Khairat Bahrain

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Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

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Temasek Acquires Cybersecurity Firm Sygnia

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Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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