Connect with us

CDPQ CIO Roland Lescure Exits Role for Public and Political Life

Published

on

Roland Lescure, the Chief Investment Officer of Caisse de dépôt et placement du Québec (CDPQ), on April 5th, announced his intentions to leave his position. Lescure is exiting his role to enter public and political life. Lescure plans to return to France to enter politics.

In a news release, Lescure stated, “I have spent the past seven years working in one of the best institutions in Canada. I worked with extraordinary people and helped build a world-class investment organisation whose success benefits all Quebecers. On the eve of the French elections, I have decided to enter public and political life because I want to play a quite active role at a crucial time for France and for Europe. Since la Caisse is apolitical and non-partisan, I will have more to say about the political commitment I am making tomorrow.”

Lescure joined CDPQ in 2009, being recruited by Michael Sabia, the CEO of CDPQ. From 2006 to 2009, Lescure was CIO of Groupama Asset Management in France. He worked in asset management at the Caisse des Dépôts et Consignations (CDC).

A recruitment process is underway to fill the CIO position at CDPQ. In the interim, Michael Sabia will take on the duties of CIO.

PSP Investments and Blue Sky Alternative Investments End Strategic Partnership Agreement

Published

on

Blue Sky Alternative Investments Limited informed Canada’s Public Sector Pension Investment Board (PSP Investments) that it agreed to terminate its strategic agreement effective March 31, 2019. In December 2017, Blue Sky Alternative Investments forged an agreement with PSP Investments to assist in committing capital in a number of agricultural investments.

Continue Reading

Yield-Hungry Korean Insurance Capital Backs TSX Broadway

Published

on

Mirae Asset Daewoo Co., Ltd., the Seoul-based investment banking firm, has provided a US$ 375 million loan for a redevelopment in New York’s Times Square. It joins L & L Holding Company, Maefield Development, and Fortress Investment Group who are bringing the development known as TSX Broadway to life. The building is at 1568 Broadway in Manhattan. TSX Broadway, a US$ 2.5 billion project when all equity financing is added in, will allow for renovations and expansion of the 46-storey building. An LED screen, which is not an uncommon sight in the Big Apple, will wrap around the corner of the tower. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

OFFICIALS: Saudi Crown Prince Denies Interest in Acquiring Manchester United

Published

on

The Saudi Arabian government dispelled rumors that Saudi Crown Prince Mohammed bin Salman will acquire football club Manchester United. However, Saudi Arabia’s Public Investment Fund (PIF) had talks regarding sponsorship with the football club. Manchester United signed a partnership deal with Saudi Arabia’s General Sports Authority in 2017.

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.