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See Which Asset Class Returned 315.77% for this Sovereign Fund

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private equity

The asset class is not equities or private equity. Keep guessing. It is definitely not a global macro hedge fund. The sovereign fund mentioned posting a 315.77% return for one of its asset classes is not the Abu Dhabi Investment Authority (ADIA) or the Qatar Investment Authority (QIA). It is not the GIC or Temasek Holdings. The mentioned sovereign funds are some of the largest direct investors so far for 2015, according to SWFI’s Sovereign Wealth Fund Transaction Database. The Alaska Permanent Fund Corporation’s (APFC) last twelve month return for its True Special Opportunity asset class was 315.77%, crushing all other assets classes. The last twelve month return for private equity was 15.68%. These unaudited returns are being calculated on a time-weighted basis from March 31, 2015, looking back twelve months. Increasingly, sovereign funds have been focused on co-investing, wanting to invest more of their capital per deal than traditional commitment opportunities.

Investment Returns

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SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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