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David F. Swensen Ranks #5 on Public Investor 100-2016

dave_swensen_yaleSWFI Staff has released the Public Investor 100. He ranks 5 out of 100 for the SWFI Public Investor 100 – 2016.

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Known as the Financial Wizard of Yale, David Swensen pioneered the endowment model known as the Yale Model, drastically affecting the way asset managers and institutional investors do business. The Yale Model is an investment strategy named after the ivy league university endowment that popularized the concept. Swensen believes that long-term institutional investors such as endowments, pension funds and sovereign funds, can generate superior returns by carefully picking alternative investments in asset classes such as hedge funds, private equity, real estate and infrastructure at the expense of traditional fixed income and public equities. The model favors committing a high percentage of the portfolio toward illiquid assets. Without Swensen, many institutional investors would certainly think differently about how to manage long-term institutional assets. Swensen literally penned the textbook on endowments.

CIC Sells 10% Logicor Stake to Blackstone Fund

The China Investment Corporation (CIC) is selling a 10% stake of in European warehouse firm Logicor Ltd to a real estate fund managed by The Blackstone Group. Furthermore, CIC also hired Blackstone to oversee and manage Logicor’s warehouses and logistic properties portfolio.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Fintech Affirm Raises $200 Million in Series E Led By Singapore’s GIC

Affirm Inc., a financial technology firm which provides instant loans to consumers as an alternative to credit cards for their online shopping, has raised US$ 200 million in a Series E round lead by Singapore’s GIC Private Limited, with participation from Khosla Ventures, Lightspeed Venture Partners, Spark Capital, Caffeinated Capital, and Ribbit Capital. The new infusion of capital brings the San Francisco-based company’s total funding to US$ 450 million and a reported valuation of US$ 2 billion.

The company is founded by Max Levchin, a co-founder of PayPal (part of the PayPal mafia, dubbed by the tech press). Max Levchin is also an advisory board member of the Consumer Financial Protection Bureau (CFSB) in the United States.

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CHANGE: Saudi Arabia to Re-Open Movie Theaters, PIF Inks MoU with AMC

The Saudi Arabian government is ending its 35-year ban on cinemas. Next year, the government will allow cinemas to open. This watershed moment provides opportunities for entertainment companies to invest in Saudi Arabia and the surrounding region.

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