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AMBITIOUS DREAMS: China’s Silk Road Fund

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sovereign wealth fundAnalyzing demographics, technology and GDP growth, China is economically positioning itself for the next decade. In October 2014, China-backed Asian Infrastructure Investment Bank (AIIB) was revealed to the public, a possible counterweight to the Asian Development Bank (ADB) and World Bank. The AIIB is working on its articles of agreement, targeted for completion by the end of 2015.

The government of China officially launched The Silk Road Fund Co Ltd, a US$ 40 billion vehicle to begin the expansion of transportation infrastructure, connecting Asia to Europe – essentially a new Silk Road. The road will start in Xian (Shaanxi, China), pass through Central Asia and end in Venice, Italy. The other part of the project is the 21st Century Maritime Silk Road which starts in Quanzhou (Fujian, China), goes through the Malacca Strait and stops in Nairobi, Kenya. From Kenya, the path goes up to Venice, Italy. The Silk Road Fund and the total project, One Belt One Road initiative, has been touted by Chinese President Xi Jinping. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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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Temasek Wants More of Ola, Careem Acquires Commut

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ANI Technologies, which owns ride-hailing app Ola, is in key talks with Temasek Holdings and South Africa-based Naspers LLC on raising capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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