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SWFI First Read, October 11, 2015

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BlackRock Hires Robeco’s Chief Risk Officer

BlackRock has hired Robeco’s chief risk officer to be its head of institutional client business for the Benelux region. Monique Donders will join BlackRock. Donders is also a former professor of financial management at the University of Maastricht.

IPIC to Make Interest Payments on 1MDB Units

Abu Dhabi’s International Petroleum Investment Company (IPIC) will make interest payments that are due in October and November on two bonds worth US$ 1.75 billion each that are issued by units of 1Malaysia Development Bhd (1MDB). These units are 1MDB Energy and 1MDB Energy (Langat). IPIC will pay US$ 102.7 million in interest payments due this month.

Lots of Smart Beta in the U.S.

Data provider Morningstar estimates around US$ 450 billion is invested in smart beta exchange-traded funds (ETF). Morningstar’s report on smart beta sees that advisers appear to be treating smart beta ETFs as active funds.

Glencore Shares Halted in Hong Kong Over Upcoming Announcement

Share of Glencore Plc halted trading in Hong Kong on October 11th, due to an announcement on proposed assets sales in Chile and Australia. The Swiss mining giant plans to cut around US$ 10 billion in debt.

Ivanhoé Cambridge Acquires More Residential Units in London

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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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