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Bachher Gets CIO Job at UC Investment Board

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Seeking a warmer climate, Jagdeep Singh Bachher, who has been with the with Alberta Investment Management Corp. (AIMCo) since 2009, has been appointed chief investment officer of the University of California’s Office of the President. He will join the university on April 1st, reporting directly to the UC Board of Regents. Bachher will be the steward of more than US$ 80 billion in assets.

He succeeds Marie Berggren who retired in 2013 after an 11 year stint. Bachher was chosen after a long international search followed by Berggren’s retirement.

“I’m grateful and humbled by this phenomenal opportunity to join the University of California,” Bachher said in a press release. “I know that working to ensure the health and longevity of the university’s financial assets has a direct impact on UC’s educational, research and public service mission. This is a chance to really make a difference.”

According to the press release, Bachher will receive an annual base salary of US$ 615,000 per year. In addition, he will be able to participate in an incentive plan with a target award of 100% of his base salary. There is a maximum of potential award of 165% of his base salary.

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

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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.

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Ivanhoé Cambridge to Acquire Callahan Capital Properties

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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. ]

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

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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. ]

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