Friday SWFI News Roundup, May 8, 2015
Singapore’s CPF Chief Investment Officer Joins Mercer
Chua Boon Lee, the former Chief Investment Officer of Singapore’s Central Provident Fund (CPF), is joining Mercer’s investment consulting business in Singapore as a principal. Mercer has been going under a re-organization globally. Chua will report to Soon Kian Lee, Mercer’s ASEAN business head.
ADIA Sells Shares in Mylan
Abu Dhabi Investment Authority (ADIA) has been selling shares in pharmaceutical firm Mylan N.V., selling 92,407 shares. Currently, ADIA has a 1.25% interest in Mylan. Mylan is fighting a takeover bid from Israel-based Teva Pharmaceutical Industries Ltd. Mylan rejected Teva’s bid and last week made another offer for Ireland-based Perrigo Company plc. – which was rejected by Perrigo. Mylan is keen on acquiring Perrigo. Hedge fund manager J. Kyle Bass, through Hayman Capital Management, LP., has amassed a large position in Perrigo.
CIC Expresses Interest in Portuguese Real Assets, Not So Much Portuguese Public Debt
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