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Bourbonnais Alters Course at PSP Investments, Focus Overseas

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André Bourbonnais

André Bourbonnais, CEO of PSP Investments

PSP Investments, also known as the Public Sector Pension Investment Board, has a relatively-new chief and he intends to bring CPPIB style to his current employer. PSP Investments oversees the retirement savings of federal public servants, including the Royal Canadian Mounted Police. Andre Bourbonnais is the chief executive officer of PSP Investments, he also graced making the #1 spot of the Public Investor 100 ranking in 2014. Bourbonnais initiated a series of reforms at PSP, taking pages from his successes at CPPIB where he led major transactions in India and Europe. Bourbonnais joined PSP Investments in March 2015, after then PSP CEO Gordon Fyfe left to be chief executive at bcIMC. He was the global head of private investment at CPPIB. Bourbonnais reformed parts of the organizational structure at PSP.

Institutional Investor Profile of PSP Investments

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SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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