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Germany Prepares Veto Power Over Foreign Investors: report

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According to the AFP, “The German economy ministry has prepared a draft law under which the government could block foreign investors that threatened “national security” or “public order,” a press report said Tuesday.

The plan targets hedge funds, state-controlled sovereign wealth funds and foreign groups, and would give the government a veto over the purchase of more than 25 percent of a German company, the daily Sueddeutsche Zeitung said.

Officials would also have four weeks to approve or reject a foreign investment project that was presented officially, the paper added in a report released in advance of its publication on Wednesday.

If German authorities discovered that a foreign investor had acquired more than 25 percent of a company without advising its intentions, a three-month period would allow officials to evaluate and possibly annul the transaction.

The financial power of speculative hedge funds, known in Germany as “crickets” for their voracious appetite, but especially that of state-backed funds based in China, Russia and oil-rich Gulf states have sparked concern within the broad coalition government of Chancellor Angela Merkel.”

Read more: AFP

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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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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