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SWFI First Read, April 6, 2017

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Citigroup Hires Shawn Borisoff as MD on Global Asset Managers Team

Citigroup hired Shawn Borisoff to be a managing director on its global asset managers team which covers Europe, Middle East and Africa (EMEA) private equity deals. Borisoff will remain in London for the role and report to Anthony Diamandakis and Christian Anderson, executives at Citigroup. Previously, he worked at UBS as a managing director since 2007. Before that, Borisoff had a stint at HSBC.

Citadel Hires Macquarie Specialist as Head of Commodities

Citadel LLC named Sebastian Barrack as head of commodities. The commodity trading unit is involved in activities such as trading gasoline crack spreads. Barrack will start effective July 2017 and be based in Chicago. Before Citadel, Barrack was Co-Head of Metals, Mining and Agriculture at Macquarie Group – being with the firm since 1996.

The last official Head of Commodities, besides founder Ken Griffin running the unit in the interim, was Mark Stainton. Mark Stainton became Citadel’s head of global equities.

CDPQ Invests in Eddyfi Technologies

At the end of March, Caisse de dépôt et placement du Québec (CDPQ) invested C$ 36.5 million in Eddyfi, a Québec City-based developer of inspection equipment and software for the industrial sector, for a minority equity stake. Eddyfi is specialized in the development of equipment and software used to detect cracks, corrosion and other anomalies on different types of structures – utilizing advanced non-destructive testing (NDT) technologies.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Italian ANAS and RDIF Invest and Build the Fourth Section of Moscow’s Central Ring Road

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The Russian Direct Investment Fund (RDIF) inked a deal with ANAS S.p.A. (formerly known as Azienda Nazionale Autonoma delle Strade), the Italian state highway management company, to implement a concession agreement to build and operate the fourth section of the massive Moscow Central Ring Road. The transaction expects to be finalized in the first quarter of 2019. This is the final section of Central Ring Road, which is 96.5 kilometers long. According to the RDIF, “Under the terms of the concession agreement, the cost of construction is 85.4 billion rubles, of which the concessionaire will provide 49.7 billion rubles and private investors will provide 35.7 billion rubles.”

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Follow the Money – Episode 48

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This long-form podcast was recorded on December 11, 2018. Michael Maduell dissects the latest geopolitical trends that can impact institutional investors such as pensions, sovereign wealth funds, and endowments. Maduell lends his opinion on the lawsuit of Neiman Marcus and bumps in the road for augmented reality.

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CONTENTS
1:15 Huawei, Canada, Brexit, and Macron Headache
6:30 Sovereign Wealth Fund Asset Allocation
9:58 India Gets a New Central Bank Governor
13:26 Pensions Go Bust on U.S. Retailers
17:04 Augmented Reality and Sovereign Funds
22:00 Former CalPERS CIO Goes to Morgan Stanley Investment Management
24:30 Oman Investment Fund Goes on Defense in Public Markets
25:00 Japanese Scandals and Opportunities

EPISODE 48

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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Danica Pensions Sells Danica Pension Sweden

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Danica Pension sold Danske Pension Försikringsaktiebolag (publ) (also known as Danica Pension Sweden) to a group of investors for around 2.6 billion SEK. Danica Pension is part of Danske Bank A/S. Of the total amount, 2.3 billion SEK is being paid in cash, while the rest is in the form of a debt instrument from Danica Pension.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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