Connect with us

Russia Analyzes Diminishing Options, Institutional Investors Brace

Published

on

Sovereign Wealth Funds and Russia

The Kremlin is embarking on a series of measures to counter inflation and rapid currency devaluation. The rapid fall in oil prices, coupled with Western sanctions have crippled Russia’s economy and put massive strains on its economic system. Meanwhile, oil and metal conglomerates have been hoarding hard currency. To counter this trend, Russian government officials have been pleading that Russian corporate CEOs slowly begin converting their earnings into rubles. Furthermore, if this action is not taken seriously, Russia’s State Duma, the lower house of parliament, may pass a bill to require exporters convert 50% of earnings.

The Belarus central bank imposed full-blown capital controls.

The ruble has lost as much as 59% of its value this year. On December 22nd, the Central Bank of Russia announced a plan to provide a 30 billion ruble loan facility (US$ 530 million) to assist Trust Bank, as other major Russian banks had no interest in acquiring the troubled financial institution. In addition, the central bank will put Trust Bank, a top #30 Russian bank, under supervision from Russia’s Deposit Insurance Agency.

Private money has been flowing out of Russia than institutional money. Institutional investors have exposures to Russia, especially through index vehicles. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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

Published

on

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. ]

Continue Reading

State Street to Buy Charles River Systems

Published

on

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. ]

Continue Reading

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

Published

on

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. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.