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Hedge Funds Peak Sovereign Wealth Fund Interest

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The short-lived evolution of the hedge fund industry in the past twenty years has been a boon to hedge fund managers. From being a private pool of high net worth capital to becoming an asset class suitable for institutional capital, the industry and its participants have augmented greatly in assets and wealth. From an investor viewpoint, hedge funds are an expensive asset class to invest in. Despite the setback in 2008, hedge funds remain a key interest for a swath of sovereign wealth funds and public investors. Generally speaking, sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA) are long-term in nature; this is a powerful attribute for an investor in hedge funds.

Hedge funds that follow a long-term strategy can benefit from having sovereign funds as investors.

2013 and Beyond
The type of sovereign wealth fund to invest in hedge funds includes one where capital preservation is not the highest priority. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

GIC Raises Stake in China Oilfield Services

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On November 14 2018, Singapore’s GIC Private Limited acquired 2,982,000 H- shares in China Oilfield Services Ltd at an average price of HK$ 6.9883. GIC increased its ownership in China Oilfield Services to 9.07% from 8.91%. China Oilfield Services is an oilfield services company. It is a majority owned subsidiary of Chinese state owned company CNOOC Group.

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Carlyle Group Completes Deal on 19.9 Percent Stake in Fortitude Re

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More private equity firms are scooping up reinsurance assets. The Carlyle Group finalized its acquisition of a 19.9% stake in Fortitude Group Holdings, LLC, whose group companies operate as Fortitude Re (formerly DSA Re) from American International Group, Inc. (AIG) The transaction was first announced on August 1, 2018. Part of this deal included Fortitude Re inking an investment management agreement (IMA) whereby US$ 6 billion of assets will be committed into a variety of Carlyle investment strategies.

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RDIF, Indorama Corporation, and Yadran Oil Ink Joint Investment in Tartarstan

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The Russian Direct Investment Fund (RDIF), and Singapore-based Indorama Corporation Pte Ltd, a chemical corporation in Asia, and JSC Yadran-Oil, the company authorized by the Government of the Republic of Tatarstan, have agreed to jointly implement investment projects in Russia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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