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Friday SWFI News Roundup, September 18, 2015

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Mubadala Posts 15.9 Billion AED in Profit 1H 2015

Abu Dhabi-based Mubadala Development Co. posted 15.9 billion AED in profit for the first half of 2015. Mubadala’s total assets totaled 241.7 billion AED at June 30, 2015. During the first half of 2015, Mubadala and Trafigura announced the signing of an agreement to create a 50/50 joint venture company to invest in the base metals mining sector, beginning with copper extraction operations in Spain.

Khazanah Invests in Indian E-Retailer

Khazanah Nasional Berhad has invested in a round in Indian online fashion retailer Yepme. Yepme raised US$ 75 million from investors. Credit Suisse was the financial advisor for Yepme.

S&P Dow Jones Indices Launches Three New Climate Change Indices

S&P Dow Jones Indices has put out three new climate change indices. They are derived from the constituents of the S&P Global 1200. These indices are S&P Global 1200 Carbon Efficient Index Series, S&P Global 1200 Carbon Efficient Select Index Series and S&P Global 1200 Fossil Fuel Free Index Series.

China International Capital and China Reinsurance Get Approval for IPOs

China International Capital Corporation has received approval from Hong Kong’s stock exchange for an initial public offering. In addition, China Reinsurance, the country’s largest reinsurer, received approval as well.

Carlyle Group Raises $4.2 Billion for Realty Partners VII

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BlackRock Contemplates Stake in Eurizon

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Asset management giant BlackRock is contemplating purchasing a 30% ownership stake in Intesa SanPaolo’s asset management unit called Eurizon Capital SGR S.p.A. BlackRock is keen on growing its technology business and increase market adoption of its Aladdin platform.

Intesa has been working with UBS to seek out strategic options for Eurizon. Intesa is keen on maintaining control over Eurizon.

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SWFI First Read, June 22, 2018

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JPMorgan Fund Buys 40% of Oxford Properties’ French Portfolio

A fund advised by JP Morgan Asset Management committed €400 million in Oxford Properties’ French portfolio. Essentially, Oxford Properties sold a 49.9% non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille. Oxford Properties made its maiden investment in Paris in 2014 when it acquired 32 Rue Blanche.

Oxford Properties is the real estate unit of OMERS.

Temasek Explores Further Cash Commitments to FirstCry

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DOL Fiduciary Role is Struck Down by Fifth Circuit Court of Appeals

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The U.S. Court of Appeal, Fifth Circuit, confirmed a March 15th decision to strike down the U.S. Department of Labor’s (DOL) fiduciary rule. The fiduciary rule is a series of seven different rules that broadly interpret the term “investment advice fiduciary” and redefine exemptions to provisions concerning fiduciaries that appear in the Employee Retirement Income Security Act of 1974 (ERISA). The 5th U.S. Circuit Court of Appeals overturned a decision by a Dallas federal court that had upheld the DOL fiduciary rule.

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