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Qatar Holding Creates 12 Billion Listed Company for Overseas Assets

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Qatar Holding LLC, a sovereign wealth enterprise of the Qatar Investment Authority (QIA), plans to create an investment company called Doha Global Investment worth US$ 12 billion to buy assets internationally. The company would be listed on the Doha Exchange within six to eight weeks. The listed company would have billions in riyals in paid-up capital with half originating from Qatar Holding. The rest of the funds will be raised privately. The initial public offering will be open to Qatari nationals only, later to foreign investors when listed. Qatar has the highest per capita income in the world.

Increasingly, sovereign funds are creating quasi-independent investment platforms, many soliciting external capital to take advantage of their entity competitive advantages.

Given part of Doha Global Investment will be owned privately, the future listed company will be presented opportunities by Qatar Holding, but will have its own final say on decisions and investments.

On February 19, 2013, Hussain al-Abdullah, Vice Chairman of Qatar Holding told reporters in Doha, “You name it – shares, bonds, real estate, private equity. We will look at every sector in every country around the world.”

In recent times, Qatar Holding with Credit Suisse AG agreed to create an asset manager called Aventicum Capital that will target assets in emerging markets.

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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