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Jean-Yves Gilet new head of French SWF

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According to the press release, “ArcelorMittal executive Jean-Yves Gilet has been chosen to head France’s state-backed FSI investment fund, the Economy Ministry and state bank Caisse des Depots said in a joint statement on Tuesday.

Gilet will take the reins in September and replace outgoing Chief Executive Gilles Michel, who announced in June he was leaving for minerals company Imerys, the statement said. The FSI, 49 percent owned by Caisse des Depots and 51 percent by the government, was created in 2008 to protect so-called “strategic” French companies from the economic crisis.

Since then, the fund has bought stakes in companies including video games maker Ubisoft, dairy group Danone, entertainment conglomerate Vivendi and catering company Sodexo”

Read more: Reuters

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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