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Gazillion Entertainment and Temasek Holdings Announce Investment Partnership

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According to the press release, “Gazillion Entertainment, a leading developer, publisher and operator of massively multiplayer online (MMO) games, announced that a group of investors, led by Singapore’s Temasek Holdings, has invested $60 million into the company.

“Massively multiplayer online games have become one of the most profitable entertainment formats in many worldwide markets. At Gazillion we’ve focused our creative energy on bringing a signature style and playability to our MMOs so these experiences can be shared by all kinds of gamers,” said Rob Hutter, Founder and CEO of Gazillion. “We’re pleased to welcome Temasek as we enter a key phase of expansion for the company.”

Mike Vorhaus, President of Magid Advisors, a unit of Frank N. Magid Associates, commented, “We believe Temasek’s investment in Gazillion, which has developed one of the best portfolios of online games for all ages, underscores Gazillion’s emergence as a major MMO player globally.””

Read more: Press Release

Trump Goes Across the Political Aisle to Nominate Nellie Liang to Federal Reserve Board

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U.S. President Trump nominated Nellie Liang to the Federal Reserve Board of Governors. She is a long-time staff member of the Federal Reserve, joining in 1986 as a research economist. Liang must still be confirmed by the U.S. Senate pending the job post. She is a graduate of University of Notre Dame in 1979 and received her doctorate from the University of Maryland in 1986.

Ms. Liang is a registered Democrat.

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Ivanhoé Cambridge to Acquire Callahan Capital Properties

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Ivanhoé Cambridge, a unit of Caisse de dépôt et placement du Québec (CDPQ), signed a deal to acquire Callahan Capital Properties (CCP). Eastdil Secured advised on the transaction. CCP is Ivanhoé Cambridge’s investment partner of six years.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Manager of China’s Foreign Reserves Could be CalPERS Next CIO

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Numerous financial media outlets, including the Wall Street Journal (WSJ), are reporting that Ben Meng is in key position to become Chief Investment Officer of CalPERS. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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