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One of Chile’s SWFs to Help Fund Proposed Education Fund

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Chile’s President Sebastian Pinera stated during a televised national address about the proposed fund, “It’s time to stop the protests and recover the paths to dialogue and agreements.”

There are several key reasons why countries create sovereign wealth funds. Sovereign wealth money can provide countries with a lifeline of benefits in times of need, whether it’s stabilizing the budget, providing the public economic dividends, or capitalizing banks or state owned corporations. Luckily for Chile, it is the world’s largest copper producer.   Chile’s President Sebastian Pinera has proposed a $4 billion fund for higher education, following weeks of massive protest over education costs and standards. Access to quality education and financing remain a nettlesome challenge for Chile and other countries.

The proposed education fund will receive money from a combination of sources including, the public treasury and savings held in Chile’s Economic and Social Stabilization Fund.

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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