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SWFI First Read, January 16, 2017

ACCESS: GF International and Euroclear Sperahead China ETF

In a bid to open up mainland China for European retail and institutional investors, GF International Asset Management, the U.K. subsidiary of the Chinese asset manager of GF Fund Management, has collaborated with Belgium-based Euroclear Bank to launch an international exchange traded fund (ETF). The ETF is called the GF International-FTSE China A UCITS ETF. The ETF is targeting to give investors access to large and mid-cap listed equities on the the Shanghai and Shenzhen stock exchanges in China via the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme. The ETF is utilizing Euroclear’s international issuance structure which is domiciled in Luxembourg.

ETF Provider WisdomTree Beefs Up European Compliance with New Hire

U.S. exchange traded fund provider WisdomTree hired Altaf Cassam to be head of compliance in Europe. This is a new position. Cassam will be based in London and report to Bryan Governey, WisdomTree’s general counsel for Europe. Previously, Cassam worked at Aberdeen Asset Management where he was a MiFID II Consultant. MiFID stands for “Markets in Financial Instruments Directive”.

AIMA Hires Lilian Lee, Former PM at External Managers Department at GIC

Lilian Lee has joined the Alternative Investment Management Association (AIMA), a global trade body representing hedge fund managers and other alternative managers, as director and general manager for Singapore. Lee was a former portfolio manager in the External Managers department at Singapore’s GIC Private Limited.

Chinese SWF Chairman Seeks More U.S. Investments

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Turkey Wealth Fund Corrals Investors Toward Domestic Projects

The Turkey Wealth Fund is continuing talks with other global asset owners and financial institutions to lure capital toward projects and assets within the country. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ardian Auctions Off €1 Billion in Infrastructure Assets to APG

French private equity giant Ardian has auctioned off an undisclosed stake in a portfolio of European infrastructure assets valued at €1 billion to Dutch asset owner manager APG Investments. APG, which first invested in the portfolio in 2006, plans on buying out partnership interests in the portfolio held by other investors. French multinational insurance firm AXA SA will retain its stake as a co-owner of the portfolio alongside APG, with Ardian staying on as asset manager and advisor. The transaction remains subject to regulatory approval.

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Tribal Council Approves Cherokee Nation Sovereign Wealth Fund Act

Tahlequah, Oklahoma-based Cherokee Nation Tribal Council approved the creation of the Cherokee Nation Sovereign Wealth Fund Act to establish a fund to ensure the continuation of tribal operations and the general welfare of tribal citizens.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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