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RDIF and India’s NIIF Form $1 Billion Indian Investment Fund

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Russia is seeking to tap India’s thirst for oil. India is the world’s third biggest oil importer, according to the International Energy Agency (IEA).

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The Russian Direct Investment Fund (RDIF) and India’s National Investment and Infrastructure Fund (NIIF), have agreed to form a US$ 1 billion Russia-India Investment Fund. Russia is quickly cementing ties in the Eastern hemisphere, by forming investment partnerships. Under the agreement, RDIF and NIIF will each invest up to US$ 500 million into the new joint venture fund. The signing ceremony took place on October 15, 2016 in the presence of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi.

Rosneft Buys in Indian Oil Refiner

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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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