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Mubadala Releases 2017 Results

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Abu Dhabi-based Mubadala Investment Company released its results for the full year of 2017. These results do not include information regarding the Abu Dhabi Investment Council (which is merging into Mubadala – announced March 2018).

Total assets of Mubadala were 469.4 billion AED at the end of 2017 compared to 449.7 billion AED at the end of 2016. Total equity rose to 258 billion AED in 2017 versus 228.3 billion AED at the end of 2016. These figures incorporated the results of the merged entity International Petroleum Investment Company (IPIC).

Mubadala in 2017 focused on deleveraging, selling off duplicate and mature assets, while putting money toward new investments. Mubadala opened a San Francisco office in 2017 to enhance targets in Silicon Valley.

CalPERS CFO Out over Questions on Resume from Media

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Charles Asubonten has exited as Chief Financial Officer of the California Public Employees’ Retirement System (CalPERS). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Crown Court Dismisses Charges on Barclays Qatar Loan Deal

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Barclays can breathe some fresh air for now over a high-profile corporate case. In February 2018, the U.K. Serious Fraud Office (SFO) had brought charges against Barclays and Barclays Bank in regard to the capital raising deals made in 2008. The bank could have lost its banking license, if found guilty of the charges. A number of bank executives were personally charged as well.

The Charges

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Mubadala Participates in PLT Platform Expansion

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The Russian Direct Investment Fund (RDIF) corralled a number of Middle Eastern funds, including the Mubadala Investment Company, to augment investment exposure to a logistics infrastructure investment platform called Professional Logistics Technologies (PLT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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