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Malaysia and Qatar Announce $2 Billion Joint Investment Fund

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The nations of Southeast Asia and the Gulf continue to build economic, social, and investment ties, especially due to the presence of Muslim culture embedded in both regions. Over the past few years trade between Malaysia and Qatar has increased. Malaysia and Qatar have announced a $2 billion joint investment fund that will target opportunities in both countries and bordered states. Each country will contribute around a billion into the joint fund. The prime ministers of both countries signed letters of intent on cooperation agreements in the areas of high education and tourism.

Malaysia is actively trying to increase foreign direct investment and diversify their economy. The nation has transformed itself from a raw material country to a nation with manufacturing, services, and Islamic finance. In fact, the Government of Malaysia has created economic incentive programs to develop targeted regions such as the Kuala Lumpur International Financial District (KLIFD). The KLIFD wants to be the hub for the Islamic finance industry.

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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