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SWFI First Read, March 6, 2018

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University of Virginia Investment Management Co. Hires New CEO/CIO

The University of Virginia Investment Management Co. (UVIMCO) hired Robert Durden as its new chief executive officer and chief investment officer. UVIMCO oversees the University of Virginia’s endowment. He will start at UVIMCO effective April 2018. Robert Durden is leaving his role as CIO of the Texas Children’s Hospital in Houston, where he oversees $3 billion of investable assets. Before Durden being with Texas Children’s Hospital starting in 2013, he was Managing Director and Head of Private Assets for Morgan Creek Capital Management.

PIMCO and ISIF to Give Finance Ireland More Financial Firepower

The Pacific Investment Management Company (PIMCO) and Ireland Strategic Investment Fund (ISIF) agreed to commit more capital into Finance Ireland at €15 million each. In 2015, ISIF committed €30 million into Finance Ireland, while PIMCO kicked in €25 million.

BNY Mellon Hires Gerry Cosgrove

Gerald “Gerry” Cosgrove was named Head of Global Consultant Relations for BNY Mellon Asset Management North America. This is a new position. BNY Mellon Asset Management North America was formed by BNY Mellon Investment Management on February 1, 2018. Previously, Cosgrove was Managing Director and Head of Consultant Relations at RBC Global Asset Management – working in Boston.

Temasek Eyes Big Investment into India Taxi App Ola

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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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