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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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CalPERS Commits $5 Billion Toward US Enhanced Equity Strategy

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The California Public Employees’ Retirement System (CalPERS) moved US$ 5 billion toward an internally-managed U.S. enhanced equity strategy. This falls under the global equity bucket at CalPERS.

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Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

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Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway SWF Adds to Existing Investment in Central London

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On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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