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Qatar’s Buy and Build Approach

The Qatar Investment Authority (QIA) makes large investments in a select universe of potentially strategic companies and assets through Qatar Holding. The Gulf sovereign wealth fund is opportunistic in nature; furthermore, it does not follow tightly controlled models or allocations. The QIA does not have an official geographic allocation or asset allocation, since the global financial crises has shifted long-term thinking and mindsets. The investments of the QIA include a concentrated portfolio of strategic assets.

Other sovereign wealth funds are trying to adopt a similar strategy. The Western norms of following modern portfolio theory is constantly being tested, some funds have thrown it out the window. Many sovereign wealth funds and even pension funds have become disillusioned with the Occidental philosophy of finance, risk and asset allocation.

In 2010, Qatar Holding purchased Harrods for around £1.5 billion from Mohamed Al Fayed. Many Gulf sovereign investors have been purchasing luxury-branded companies and assets around the world whether it comes to consumer goods or real estate properties. In fact, Qatar through its sovereign wealth fund and other investment vehicles is a major owner of commercial property in central London. Qatar Holding plans to transform Harrods into a global hotel brand, playing off its successful image of luxury and quality. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Former U.S. Treasury Secretary Jacob Lew Joins Lindsay Goldberg

New York-based buyout firm Lindsay Goldberg LLC has announced that Former U.S. Treasury Secretary Jacob J. Lew will join the company as a partner focusing on investments across sectors, institutional relationships, and firm management, according to an announcement released on Monday, November 20. Lindsay Goldberg is a private equity firm co-founded by Alan E. Goldberg and Robert D. Lindsey, both veterans of Morgan Stanley in which they worked in the Transaction Development Group.

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San Diego City Employees Retirement System to Reduce PE and Infrastructure for FY 2018

The San Diego City Employees’ Retirement System plans to reduce annual commitments to private equity and infrastructure down to US$ 75 million for fiscal year 2018. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Institutional Investors Remain Skeptical as Bitcoin Continues to Rise

Bitcoin has continued to rally over the past month – hitting a record US$ 8,224 in the early hours of November 20 – and institutional investors are beginning to take notice of the cryptocurrency’s increasing popularity. With a market value of more than US$ 130 billion, the digital currency has seen unprecedented growth of over 700% over the past year. But Bitcoin’s rise has also been marked by a number of volatile slumps, leaving institutional investors divided over its durability as a long-term store of value and wondering whether to get in on the action. Despite these headwinds, more than 100 hedge funds have been formed to trade in digital currencies.

Split Consensus on Wall Street

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