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SWFI First Read, February 16, 2017

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ADIA and CDPQ Eye Autostrade Investment

Autostrade per L’Italia SpA, an Italian toll road operator, has attracted the interest of big asset owners such as the Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and Allianz SE. The seller of the 15% stake in Autostrade is Atlantia.

Mubadala Investment Company to Start Operations in May 2017

The newly-merged sovereign fund Mubadala Investment Company will commence operations in May 2016. There will be four main divisions: infrastructure, energy, aerospace and technology.

Sally Staley Retired from Case Western Reserve University

Sally Staley, the Chief Investment Officer of Case Western Reserve University, is retiring effectively February 28, 2017. She had worked at the endowment since 2002, becoming CIO in 2016.

Reliance Defence Signs MoU with Strata Manufacturing

Reliance Defence, a unit of Reliance Infrastructure, is working with the Abu Dhabi-based Mubadala Development Company to collaborate on advanced aerospace manufacturing capabilities. Reliance Defence inked a Memorandum of Understanding (MoU) with Strata Manufacturing PJSC, the advanced composite aerostructures manufacturing company that is owned by Mubadala. The MoU entails that the parties will collaborate on advanced aerospace manufacturing capabilities between India and the United Arab Emirates. The MoU will have both companies analyze opportunities in the production of carbon fibre composites aerostructures, 3D printing of components and prepegs.

Reliance Infrastructure is an Indian private sector enterprise power utility and construction company.

Dallas Police and Fire Pension System Settles with CDK Realty Advisors

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BlackRock Contemplates Stake in Eurizon

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Asset management giant BlackRock is contemplating purchasing a 30% ownership stake in Intesa SanPaolo’s asset management unit called Eurizon Capital SGR S.p.A. BlackRock is keen on growing its technology business and increase market adoption of its Aladdin platform.

Intesa has been working with UBS to seek out strategic options for Eurizon. Intesa is keen on maintaining control over Eurizon.

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SWFI First Read, June 22, 2018

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JPMorgan Fund Buys 40% of Oxford Properties’ French Portfolio

A fund advised by JP Morgan Asset Management committed €400 million in Oxford Properties’ French portfolio. Essentially, Oxford Properties sold a 49.9% non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille. Oxford Properties made its maiden investment in Paris in 2014 when it acquired 32 Rue Blanche.

Oxford Properties is the real estate unit of OMERS.

Temasek Explores Further Cash Commitments to FirstCry

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DOL Fiduciary Role is Struck Down by Fifth Circuit Court of Appeals

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The U.S. Court of Appeal, Fifth Circuit, confirmed a March 15th decision to strike down the U.S. Department of Labor’s (DOL) fiduciary rule. The fiduciary rule is a series of seven different rules that broadly interpret the term “investment advice fiduciary” and redefine exemptions to provisions concerning fiduciaries that appear in the Employee Retirement Income Security Act of 1974 (ERISA). The 5th U.S. Circuit Court of Appeals overturned a decision by a Dallas federal court that had upheld the DOL fiduciary rule.

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