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LEAGUE TABLES: Morgan Stanley and JPMorgan Tie for First for 2015

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cy2015_leaguetable_coverThe Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks transactions by sovereign wealth funds, pensions and other public funds. Combining all public investors, for calendar year 2015, transactions amounted to US$ 212.18 billion versus US$ 186.56 billion in 2014. On record, 2013 had the most direct transactions for public investors at US$ 220.69 billion. When it comes to sovereign wealth funds, the 2015 transaction figure amounted to US$ 113.94 billion versus US$ 122.93 billion in 2014. The pullback in direct transactions was noted in a decrease in open market transactions by sovereign funds and smaller investment amounts per deal.

The report details trends on direct deals, sectors and countries.

Top Financial Advisors for 2015

For 2015, the top three ranked financial advisors when it comes to public investor transactions were JPMorgan and Morgan Stanley, which tied at #1, Goldman Sachs at #2 and Bank of America Merrill Lynch at #3. Other notable mentions for the year are Eastdil Secured, Deutsche Bank, HSBC, UBS, RBC and Moelis. 2015 was a year of signature deals.

Legal Advisors

For calendar year 2015, the top legal advisor for public fund transactions was Clifford Chance tied with Torys LLP. In second place was Allen & Overy. Third place was Fried, Frank, Harris, Shriver & Jacobson LLP. Other notable mentions are Sidley Austin LLP, Weil Gotshal & Manges, White & Case and Baker & McKenzie.

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Source: SWFI – Sovereign Wealth Fund Transaction Database – www.swftransaction.com, January 25, 2016

SA FinMin: PIC CEO Plans to Resign

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Dr Dan Matjila, the Chief Executive Officer of the Public Investment Corporation (PIC) of South Africa, plans to resign according to South Africa’s finance ministry, which oversees the organization. The finance ministry commented that PIC’s board was dealing with Matjila’s intentions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Goldman Sachs Sued by Abu Dhabi SWF Unit

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International Petroleum Investment Company (IPIC), which is now wrapped up into Abu Dhabi-based Mubadala Investment Company, is suing Goldman Sachs over its role in the 1MBD international corruption scandal. IPIC, through its unit Aabar Investments, was once an investment partner of 1Malaysia Development Berhad (IMDB). In the lawsuit, Aabar believes Goldman Sachs conspired with others to bribe both IPIC and Aabar Investment former executives. SWFI and other media outlets have written extensively on the matter.

In the fall, the U.S. Department of Justice (DOJ) already unsealed criminal charges against key players in the massive fraudulent scheme, while Malaysian government officials have jailed its former prime minister Najib Razak.

Lloyd Blankfein, the recent former CEO of Goldman Sachs, attended a 2009 meeting with Malaysian financier Jho Low (name: Low Taek Jho). According to various media sources, Blankfein is the unidentified Goldman executive who attended the 2009 meeting in New York in the U.S. court documents.

Goldman Sachs faces a plethora of lawsuits and regulatory probes stemming from its involvement in the 1MDB scandal.

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EXPORT DREAMS: American Reliance on World Oil at an Inflection Point

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Remember the days of experts talking about peak oil. The peak oil concept is the point in which the global petroleum production rate starts its inevitable historic decline. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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