Connect with us

Anbang Insurance Goes Under Government Control

Published

on

Is this the first shoe to drop in China’s great unwinding?

The China Insurance Regulatory Commission (CIRC) seized control of Anbang Insurance Group and plans to take control of it for a period of one year, effective February 23, 2018. CIRC conducted the move to protect consumer interests as Anbang’s practices were viewed to endanger the insurance company’s solvency. CIRC plans to maintain Anbang as a private enterprise and stated that the company’s debts and obligations will not be impacted. CIRC mentioned that Anbang will be run by a committee of executives from China’s central bank, China’s State Administration of Foreign Exchange (SAFE) and other agencies.

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

Trump Goes Across the Political Aisle to Nominate Nellie Liang to Federal Reserve Board

Published

on

U.S. President Trump nominated Nellie Liang to the Federal Reserve Board of Governors. She is a long-time staff member of the Federal Reserve, joining in 1986 as a research economist. Liang must still be confirmed by the U.S. Senate pending the job post. She is a graduate of University of Notre Dame in 1979 and received her doctorate from the University of Maryland in 1986.

Ms. Liang is a registered Democrat.

Continue Reading

Ivanhoé Cambridge to Acquire Callahan Capital Properties

Published

on

Ivanhoé Cambridge, a unit of Caisse de dépôt et placement du Québec (CDPQ), signed a deal to acquire Callahan Capital Properties (CCP). Eastdil Secured advised on the transaction. CCP is Ivanhoé Cambridge’s investment partner of six years.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Manager of China’s Foreign Reserves Could be CalPERS Next CIO

Published

on

Numerous financial media outlets, including the Wall Street Journal (WSJ), are reporting that Ben Meng is in key position to become Chief Investment Officer of CalPERS. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.