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SWFI First Read, August 30, 2017

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Robeco Stacks Martin Nijkamp as Strategic Hire

Martin Nijkamp was hired on as Head of Strategic Product and Business Development at Robeco. Nijkamp is being tasked to enhance the asset manager’s product range. Nijkamp was last Head of Strategic Business Development and Integrated Client Solutions at NN Investment Partners. Hester Borrie ended up taking the duties of Nijkamp at NN Investment Partners.

Christine Kelleher to Head Investments at National Gallery of Art

Christine Kelleher was hired as Chief of Investments of the National Gallery of Art in Washington, D.C., effective September 5, 2017. She will manage the US$ 875 million museum endowment. Previously, Kelleher was Managing Director at New York-based Avec Capital, a private equity placement firm. Before that role, she was a Senior Investment Officer at the endowment unit at Georgetown University.

SoftBank Participates in Series C Round in Appier

Former in 2012, Taipei-based Appier is an artificial intelligence (AI) company. Appier raised a Series C round of US$ 33 million from investors such as Japan-based SoftBank Group, LINE Corporation, NAVER Corporation, Singapore-based EDBI and Hong Kong-based AMTD Group. Appier’s first product is called the CrossX Programmatic Platform.

Central Bank of Russia Steps in to Save Bank Otkritie

The Central Bank of Russia moved quickly to take control of Bank Otkritie FC, a troubled Russian private bank lender. This central bank seizure occurred after more than 25% of Otkritie’s deposits left the bank over a period of months stemmed from a surprised ratings downgrade. Roughly US$ 7.4 billion worth of deposits in Otkritie exited in June 2017 and July 2017.

Equity shareholders and possibly subordinated debt shareholders of Otkritie could see their share ownership shrink to a maximum of 25% as the central bank takes control of the troubled lender.

PT Intiland Development and GIC Enter JV to Own and Develop Fifty Seven Promenade

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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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