SWFI First Read, January 20, 2017

Trump to Inherit Nearly $20 Trillion in Public Debt

U.S. public debt outstanding at the end of Barack Obama’s term has ended at US$ 19,961,467,137,973.64, according to the U.S. Treasury. The amount is just shy of US$ 20 trillion. When Obama won election in 2009, the U.S. public debt outstanding stood at US$ 10,626,877,048,913.08.

Dallas CFO Issues Warning on Dallas Police and Fire Pension Fund

Elizabeth Reich, the chief financial officer of the city of Dallas, issued a warning to city council members. The warning is regarding the troubled Dallas Police and Fire Pension Fund. She projected the fund could run out of cash in five to seven years – not the 10 years as initially projected.

Vostok Emerging Finance Leads Investment Round in Turkish Fintech Startup Iyzico

Istanbul-based Iyzico, a financial technology startup focused on payments, raised US$ 13 million in a Series C round. Leading the round was Vostok Emerging Finance. Other investors in the round were the International Finance Corporation (IFC) and 212. Vostok Emerging Finance kicked in US$ 9 million in the round. 212 is a Turkish venture capital firm.

Brazilian Supreme Court Judge Overseeing Brazilian Corruption Cases Dies in Plane Crash

Brazilian Supreme Court judge Teori Albino Zavascki died in an airplane crash roughly 160 miles south of Rio de Janeiro. The plane crashed into the sea in heavy rain. Zavascki was overseeing the infamous “Operation Car Wash” case, a massive corruption investigation involving Brazilian politicians and Petrobras. In addition, Zavascki had been investigating executives from Odebrecht.

BVK Allocates to Volatility Risk Premium Fund

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

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute

institutional investor investment mandates