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Qatar Sovereign Fund Could Invest $10 Billion in U.S. Infrastructure

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Reuters reported that Sheikh Abdullah bin Mohamed bin Saud al-Thani, the top executive at the Qatar Investment Authority (QIA), met with U.S. Assistant Secretary of State for Economic and Business Affairs Charles Rifkin, in Doha, on December 12, 2016. The news agency reports that the QIA chief told U.S. officials they plan to invest US$ 10 billion into U.S. infrastructure projects in the United States.

Years back, the QIA announced they intended to invest US$ 35 billion into the U.S. over those next five years. It is not clear if this US$ 10 billion will come out of that amount or will be added to the US$ 35 billion.

Institutional Investors Await Trump Details on U.S. Infrastructure

An obstacle for many investors has been the number of suitable infrastructure opportunities, coupled with regulatory hurdles and high prices for brownfield assets. U.S. President-elect Donald Trump has made U.S. infrastructure a major plank during his campaign for U.S. president. Increasingly, large pensions and sovereign funds have been attracted to Trump’s vision on large-scale U.S. infrastructure and are keen on participating financially in the process. During Trump’s campaign, he often compared U.S. airports to airports in the Gulf region. The QIA is a major institutional investor in airports globally both in countries such as the United Kingdom and Russia.

The Blackstone Group Eyes Getting into the Infrastructure Business

The election victory of Trump has even lured The Blackstone Group to consider setting up an official infrastructure business unit. Blackstone manages money from both sovereign funds and large pensions. Blackstone also has a number of Gulf sovereign funds as clients. The private equity giant sees the success of Brookfield Asset Management’s deals with such massive asset owners.

Grant & Eisenhofer Reveals Fortis Investors to Receive $1.5 Billion in Mega Settlement

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Law firm Grant & Eisenhofer won a landmark case for its clients after a seven-year legal duel in Dutch courts. On July 13, 2018, the Amsterdam Court of Appeals officially approved the largest securities settlement ever reached in Europe, paving a path for international insurance company Ageas N.V./S.A. to begin payment of US$ 1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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State Street to Buy Charles River Systems

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State Street Corporation inked a deal to acquire Charles River Systems, Inc. (Charles River Development), a provider of investment management front office tools and solutions. Under the terms of the agreement, State Street will purchase Burlington, Massachusetts-based Charles River Development in an all-cash transaction for US$ 2.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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FINMA Announces Rothschild Bank Broke Anti-Money Laundering Rules over 1MDB Fiasco

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The Rothschild Bank AG and one of its units called Rothschild Trust (Schweiz) AG got slapped with serious violations of anti-money laundering in regard to the 1MDB scandal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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