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Iran’s President Allocates US$ 500 Million from NDFI for Rail Leasing

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Iran President Hassan Rouhani has approved the transfer of US$ 500 million from the National Development Fund of Iran (NDFI), one of the Islamic Republic’s sovereign wealth funds, for the creation of a rail leasing company that will provide financing to local investors in the country’s rail projects. Preparations for the company’s launch are expected to be completed by the end of Iran’s fiscal year – March 20, 2018 – according to Nourollah Beiranvand, Deputy Head of the Islamic Republic of Iran Railways.

The state-owned railway company has been moving to attract outside investment in the wake of sanctions relief granted by the Joint Comprehensive Plan of Action – also known as the Iran nuclear deal – which went into effect in January of 2016. Approximately 30% of its locomotive fleet has been transferred to private investors, with €28 billion worth of projects aimed at revamping Iran’s railway system expected to be completed within the next five years.

Stronger Russian Ties

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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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