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NYSE Euronext Sells Partial Stake in Qatar Exchange to Qatar SWF

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NYSE Euronext lowered its stake down to 12% in Qatar Exchange, a Doha-based bourse. Qatar Holding LLC acquired the 8% stake from NYSE Euronext. Qatar Holding now owns 88% of the Qatar Exchange. In September 2012, NYSE Euronext and the State of Qatar reached an agreement to reduce ownership in the Qatar Exchange in consideration of the termination of the remaining two US$ 40 million installment payments. As of September 30, 2012, NYSE Euronext owned 12% of the Qatar Exchange.

In 2009, the owner of the NYSE purchased a 20% stake in Qatar Exchange for US$ 200 million. The deal involved a 5-year strategic agreement for knowledge transfer and development assistance for the local exchange. Under the terms of the partnership, the Qatar Exchange adopted the latest NYSE Euronext trading and network technologies.

Trump Goes Across the Political Aisle to Nominate Nellie Liang to Federal Reserve Board

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U.S. President Trump nominated Nellie Liang to the Federal Reserve Board of Governors. She is a long-time staff member of the Federal Reserve, joining in 1986 as a research economist. Liang must still be confirmed by the U.S. Senate pending the job post. She is a graduate of University of Notre Dame in 1979 and received her doctorate from the University of Maryland in 1986.

Ms. Liang is a registered Democrat.

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Ivanhoé Cambridge to Acquire Callahan Capital Properties

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Ivanhoé Cambridge, a unit of Caisse de dépôt et placement du Québec (CDPQ), signed a deal to acquire Callahan Capital Properties (CCP). Eastdil Secured advised on the transaction. CCP is Ivanhoé Cambridge’s investment partner of six years.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Manager of China’s Foreign Reserves Could be CalPERS Next CIO

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Numerous financial media outlets, including the Wall Street Journal (WSJ), are reporting that Ben Meng is in key position to become Chief Investment Officer of CalPERS. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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