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Karsten Kallevig Named CEO of Norges Bank Real Estate Management

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Karsten Kallevig

Karsten Kallevig

Norges Bank’s Executive Board appointed Karsten Kallevig as Chief Executive Officer of Norges Bank Real Estate Management. Norges Bank Real Estate Management is the dedicated organization for managing the unlisted real estate investments in the Government Pension Fund Global (GPFG). Kallevig will start in the new position January 1, 2016. Kallevig comes from the position as Chief Investment Officer Real Estate in Norges Bank Investment Management. Increasingly, Norway’s sovereign wealth fund has deployed massive amounts of capital to overseas real estate in Europe and the United States.

Karsten Kallevig was ranked #3 on the Public Investor 100 – 2015, a presitigous ranking of the 100 most significant and impactful asset owner and public executives of 2015.

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On another note, Runar Malkenes was appointed Director of Communications at Norges Bank. He is currently of Director of Communications at Norway’s Ministry of Finance. Malkenes will take up his post mid-January.

Ping An Good Doctor Lures Big Public Asset Owners

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Ping An Good Doctor, formerly known as Ping An HealthCare and Technology Company, is a Chinese online healthcare platform that is part of Ping An Insurance (Group) Company. This unit is planning to be offered in a Hong Kong initial public offering that could raise as much as 8.8 billion HKD in shares at 50.80 or 54.80 HKD per share.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek and Schneider Electric Eye L&T Electrical Unit

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Singapore’s Temasek Holdings and France-based Schneider Electric are in talks to acquire Larsen & Tourbo’s electrical and automation business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CalPERS Allocates $1 Billion Internally to a Global ESG Strategy

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In February 2018, the California Public Employees’ Retirement System (CalPERS) allocated US$ 1 billion to an internally-managed QSI Global ESG strategy. The internally-managed strategy was developed by New York-based QS Investors, LLC, a subsidiary of Legg Mason. CalPERS entered into a 5-year contract with QS Investors, with a possible spend of over US$ 1 million per annum.

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

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