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SWFI First Read, November 10, 2015

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Kuwait Investment Authority to Commit US$ 500 Million to Russian Projects

The Kuwait Investment Authority (KIA) has committed an additional US$ 500 million to investment projects in Russia in partnership with the Russian Direct Investment Fund (RDIF). The deal was inked in Sochi in front of Russian President Vladimir Putin and Kuwait Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. KIA committed capital to Russia through the RDIF back in 2012.

BlackRock Selects Ex-JP Morgan Family Office Professional

BlackRock hired Loomis Tighe, a former managing director at JP Morgan Chase & Co. Tighe will be based in San Francisco and report to Brian Feurtado, BlackRock’s head of U.S. and Canada family office, foundations and endowment. Tighe will manage a team that works with family offices, foundations and endowments in the Western United States and Canada.

Sovereign Funds Back Out of Rome Airport Operator Investment

The Abu Dhabi Investment Authority (ADIA) and SAFE Investment Company have backed out of buying a stake in Rome airport operator Aeroporti di Roma.

San Joaquin County Employees’ Retirement Association Redeems PIMCO, Moves Money to Bridgewater Associates

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Marina One and DUO Officially Open

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Khazanah Nasional Berhad and Temasek Holdings (Private) Limited announced the official opening of two major building projects, Marina One and DUO. Together the properties have a gross development value of 11 billion SGD. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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SWFI First Read, January 16, 2018

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BP Plans to Take $1.7 Billion Charge to End Legal Claims on Deepwater Horizon

BP Plc is planning to take a US$ 1.7 billion charge to end legal claims regarding the disastrous 2010 Deepwater Horizon spill in the Gulf of Mexico.

Ethereum Co-Founder Leaves Fenbushi Capital

Vitalik Buterin, a co-founder of Ethereum, which is a cryptocurrency, exited China-based Fenbushi Capital. Fenbushi Capital was formed in 2015. Buterin is retaining his role as an advisor of Fenbushi Capital. Buterin dropped out of the University of Waterloo in 2014 when he got a Thiel Fellowship. This permitted him to work on Ethereum full time.

Kingdom Holding Sells Four Seasons Beirut Hotel Stake

Saudi Arabia’s Kingdom Holding sold its position in the Four Seasons Hotel in Beirut for roughly US$ 100 million. Blominvest, a unit of Blom Bank, advised on the transaction. The Four Seasons will continue to manage the property.

Mercer Signs Deal to Buy BFC

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Deutsche Bundesbank to Slowly Add Renminbi into Foreign Reserve Mix

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Deutsche Bundesbank’s executive board made a decision to invest in Chinese renminbi in the summer of 2017 as part of its foreign currency reserves. The German central bank on January 15, 2018, confirmed it will start investing in Chinese renminbi and also consider investing in additional foreign currencies. The move mimics the European Central Bank (ECB), which already considers the Chinese renminbi as a reserve currency. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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