Friday SWFI News Roundup, April 3, 2015
ADIA Brings on Former QIC Investment Compliance Head
The Abu Dhabi Investment Authority (ADIA) has hired Sam O’Sullivan as a manager in the investment services department. Previously, O’Sullivan was head of investment compliance and risk management at the Queensland Investment Corporation (QIC). Matt Winters was appointed interim head of investment compliance and risk management at QIC. O’Sullivan will start at ADIA on April 5. 2015.
Temasek Looks to Invest in UK Peer-to-Peer Lending
Singapore’s Temasek Holdings is in negotiations for a stake in a U.K peer-to-peer lending platform called Funding Circle. Temasek is looking to possibly invest around £30 million. Other investors expecting to participate in investing in Fund Circle include Edinburgh-based Baillie Gifford and BlackRock. The total raise could be £50 million.
Kuwait MP Claims SWF Losses in European Developmental Real Estate
According to the Kuwait Times, Kuwait MP Abdullah Al-Turaiji said on April 2, that the Kuwait Investment Authority lost about £108 million in European real estate projects.
Robbins Geller Rudman & Dowd File Class Action Suit Against Boulder Brands
Robbins Geller Rudman & Dowd LLP on April 1, 2015 announced a class action on behalf of purchasers of Paramus-based Boulder Brands, Inc. common stock during the period between December 23, 2013 and October 22, 2014. Boulder Brands makes products like margarine substitutes. The complaint alleges employees of Boulder Brands failing to disclose that the company was having issues with inventory management and the margin integration.
RDIF Lead Investor in Russian Retail Chain Lenta
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