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SWFI First Read, April 13, 2018

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Credit Suisse Asset Management Forms Direct and Co-Investments Group

Credit Suisse Asset Management formed a new unit, the directs and co-investments group, to oversee and manage institutional private direct investments. The new unit will be an extension of the unit’s private fund group and be led by Paul Van Hook. Credit Suisse Asset Management’s private fund group deals with primary and secondary private markets investments.

Ellen Tsang Heads Over to State Street Global Advisors for Marketing Role

State Street Global Advisors hired Ellen Tsang as head of marketing for Asia ex-Japan. She comes from Aberdeen Standard Investments, where she served as head of marketing for Asia ex-Japan.

Ontario Teachers’ to Acquire 40% Stake in European Camping Group

The Ontario Teachers’ Pension Plan is purchasing a 40% ownership stake in France-based European Camping Group, a luxury camping company from The Carlyle Group and Paris-based Montefiore. The transaction gives the deal an enterprise value of roughly €700 million. Carlyle Group and Montefiore combined will still hold majority control of the company.

Mubadala Petroleum Signs Production Sharing Contract with Indonesian Government Regarding Andaman I Area

Mubadala Petroleum, a unit of Mubadala Investment Company, signed a production sharing contract with the Indonesian government regarding the Andaman I area. The Andaman I area is located off the coast of North Sumatra. Mubadala has been analyzing these location off of Aceh since 2011. Mubadala has interests in Andaman I PSC and Andaman II PSC. Andaman II is operated by Premier Oil, while Mubadala is an operator on Andaman I.

PSP Investments Invests in BC Office and Industrial Portfolio

On April 9, 2018, PSP Investments partnered with Toronto-based Crestpoint Real Estate Investments Limited Partnership to buy a portfolio of 12 office and industrial buildings located in greater Vancouver and Burnaby. Some buildings include the Head office of Mountain Equipment Co Op located in the False Creek Flats neighborhood of Vancouver.

U.S. House Passes Bill on SIFI Designation Measures

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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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