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Governance and Santiago Principles Take Center Stage in Doha

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Doha, Qatar’s capital city ripe with petrol wealth and ambitions of diversification whether it be tourism, housing, entertainment, insurance or retail, is home to a massive sovereign wealth fund called the Qatar Investment Authority (QIA). Under the previous and current Qatari emirs, gargantuan developments like The Pearl, Katara and infrastructure related to the upcoming 2022 FIFA World Cup, has enhanced Qatar’s image to international businesses.

In November, Doha hosted the IFSWF’s sixth conference. The IFSWF focuses on the Santiago Principles, a set of guidelines drafted by sovereign funds and the International Monetary Fund (IMF), to address concerns that sovereign funds are not influenced by politics, but rather have a commercial basis when it comes to investing. SWFI’s President Michael Maduell attended the event. On November 20, members of the IFSWF signed “The Doha Agreement,” to form the IFSWF as an independent entity from the IMF. In addition, the IFSWF has determined that central banks will not become IFSWF members.

Qatar PM Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Speaking at IFSWF Doha Conference - November 20, 2014

Qatar PM Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Speaking at IFSWF Doha Conference – November 20, 2014

Qatar’s Prime Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani gave a speech, talking about developments in Qatar. The Qatar Investment Authority’s CEO Ahmad Al-Sayed, who ranked #25 on the Public Investor 100 for 2014, said the QIA’s investment policies will not be altered by the recent decline in global oil prices. In addition, Al-Sayed said the QIA has long-term plans to invest US$ 15 to US$ 20 billion in Asia over the next few years.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Why Did Virtus Investment Partners Buy Sustainable Growth Advisers?

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On February 2, 2018, Virtus Investment Partners, Inc. revealed they acquired a 70% interest in Stamford, CT-based Sustainable Growth Advisers, LP, a high-conviction U.S. and global growth equity portfolio management company, from private equity firm Estancia Capital Management and a portion of equity held by the asset manager’s partners (including Sustainable Growth Advisers’ three co-founders). Scottsdale, Arizona-based Estancia Capital Management bought a minority interest in Sustainable Growth Advisers in August 2013 when it had US$ 5.3 billion in assets. Estancia Capital Management is noted for having a number of partners being from Lovell Minnick Partners LLC, a private equity firm specializing in asset management company buyouts.

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HKMA and TRS Participates in Investment in Kakao Mobility

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Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Meraas Holding Names Former KIO Executive as CEO

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Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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