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Gao and other Sovereign Funds in Davos

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Some sovereign wealth funds and mega pensions have converged on Davos, the Swiss city where the World Economic Forum is held. Bahrain’s Mumtalakat Holdings, a frequent Davos delegate sender, had their CEO Mahmood al-Kooheji representing Bahrain. Kooheji gave an optimistic update on Gulf Air citing layoffs and restructuring changes. In addition, Kooheji told Reuters reporters in Davos, “This year we will be more active in investments……. We are looking across the globe and open for investments in all sectors except aviation and real estate. We’re very active in the broader ICT (information and communications technology) space and hope to do some acquisitions there.”

Another visitor to Davos is Gao Xiqing who has retired from the China Investment Corporation. China was a major theme in Davos and the reforms being swept in to balance trade versus domestic consumption. In fact, eight sessions focused on sustainable growth in mainland China. Similar to last year at Davos, economists like Nouriel Roubini, founder of Roubini Global Economics, predicts Chinese growth to slow down.

Government officials from Georgia made a Davos appearance including Georgian Prime Minister Irakli Garibashvili . He told reporters, “Georgia lacked long-term capital, this is why we will start a new sovereign wealth fund in February and are planning new infrastructure projects.”

Some attendees on the institutional investors’ side happen to be on the Sovereign Wealth Fund Institute’s Public Investor 100 ranking for 2013. Other major Asian institutional investors include GIC Private Limited who sent group president Lim Siong Guan. The Kuwait Investment Authority sent managing director, Bader M. Al Sa’ad. Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan, also made an appearance.

Other mentions include CPPIB’s Mark Wiseman, Yngve Slyngstad and Choi Kwang.

BizAsia’s Martina Fuchs Speaks with Mr. Gao Xiqing

CPPIB Tries Out CLO Equity Tranche Investing with Sound Point Capital

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Canada Pension Plan Investment Board (CPPIB) through its wholly-owned subsidiary, CPPIB Credit Investments Inc. (CPPIB Credit), is broadening its portfolio through new investments in equity tranches of collateralized loan obligations (CLOs) alongside experienced CLO asset managers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Names Yu Ben Meng as Chief Investment Officer

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The California Public Employees’ Retirement System (CalPERS) announced that Yu Ben Meng has been selected as the pension fund’s new chief investment officer (CIO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ontario Nonprofit Network Awards Mandate to OPTrust

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The Ontario Nonprofit Network (ONN), a nonprofit network for the 58,000 nonprofits in Ontario, selected OPTrust to manage defined benefit assets. ONN selected OPTrust Select, the new defined benefit solution from OPTrust. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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