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Friday SWFI News Roundup, October 16, 2015

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Bye Pyramis, Fidelity Rebrands Institutional Business

Asset manager giant Fidelity Investments combined divisions: Pyramis Global Advisors, Fidelity Financial Advisor Solutions and its consultant relations team from Fidelity’s professional services group to form a new unit. Pyramis will cease as a brand. The new unit will be called Fidelity Institutional Asset Management and will manage a combined US$ 540 billion in assets under administration. Former President of Pyramis Jeffrey Lagarce will lead Fidelity Institutional Asset Management. Lagarce will report to Gerard McGraw, president of Fidelity Institutional. The equity team at Pyramis will be renamed FIAM equity and remain under the asset management division at Fidelity.

Mubadala and Trafigura Finalize Base Metals Joint Venture

Abu Dhabi-based Mubadala Development Company and commodities firm Trafigura Group Ptd Ltd formed a 50:50 joint venture company to invest in the base metals mining sector. Part of the deal included Mubadala buying a 50% share of Trafigura’s flagship mining operation Minas de Aguas Teñidas. Minas de Aguas Teñidas controls the Agua Teñidas, Sotiel and Magdalena mines in southern Spain which produce copper, zinc and lead concentrates.

Cleveland Clinic Foundation Hires CIO

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Central Huijin Unit Eyes J&J Diabetes Business

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Sovereign wealth funds have increased their appetite for healthcare-related investments, according to a recent report issued by SWFI research. Johnson & Johnson (J&J), for a while, have been contemplating on possibly selling its diabetes care businesses. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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