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Qatar Central Bank and Qatar Holding to Establish Assessment and Rating Agency

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The governor of Qatar’s central bank recently mentioned the country will establish an assessment and rating agency for domestic non-government debt issuers and institutions. The rating agency will be a joint venture between Qatar Central Bank and Qatar Holding, LLC. The rating entity is slated for 2013.

The enduring challenge will be in the credibility of developing a new agency and acceptance from institutional investors. Currently, the major rating agencies face a level of angst among institutional investors from the global financial crisis hangover.

The economy of Qatar is highly susceptible to lower oil and gas prices. In addition, disruption in transportation of LNG due to growing geopolitical tensions is a major risk. Economic development of non-hydrocarbon industries is a priority of the government. Qatar has a national agenda to encourage development and growth in their financial sector.

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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