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SWFI – Movers and Shakers – February 24, 2016

JLL Separates CEO and President Role

Jones Lang LaSalle (JLL) is dividing the role of president and CEO. Colin Dyer, who currently holds both roles, will become CEO only. Christian Ulbrich, currently chief executive officer for the EMEA region, will become JLL’s president in June 2016. Guy Grainer will become CEO of the EMEA region, leaving his role as the U.K. CEO. Chris Ireland will then become U.K. CEO at JLL.

Murray to Lead Direct PE Investments in Financials for OTPP

Michael Murray has been promoted to lead direct private equity investments in the financial services sector. His team focuses on subsectors such as property and casualty insurance, asset and wealth management, specialty finance, and payments. Murray joined OTPP in 2005.

BNY Mellon’s Vice Chair to Leave Firm

Curtis Arledge, a vice chairman of Bank of New York Mellon Corporation (BNY Mellon) and chief executive officer of the company’s investment management unit is leaving the firm to pursue other opportunities. Asset under management grew about 60% under his leadership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Former U.S. Treasury Secretary Jacob Lew Joins Lindsay Goldberg

New York-based buyout firm Lindsay Goldberg LLC has announced that Former U.S. Treasury Secretary Jacob J. Lew will join the company as a partner focusing on investments across sectors, institutional relationships, and firm management, according to an announcement released on Monday, November 20. Lindsay Goldberg is a private equity firm co-founded by Alan E. Goldberg and Robert D. Lindsey, both veterans of Morgan Stanley in which they worked in the Transaction Development Group.

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San Diego City Employees Retirement System to Reduce PE and Infrastructure for FY 2018

The San Diego City Employees’ Retirement System plans to reduce annual commitments to private equity and infrastructure down to US$ 75 million for fiscal year 2018. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Institutional Investors Remain Skeptical as Bitcoin Continues to Rise

Bitcoin has continued to rally over the past month – hitting a record US$ 8,224 in the early hours of November 20 – and institutional investors are beginning to take notice of the cryptocurrency’s increasing popularity. With a market value of more than US$ 130 billion, the digital currency has seen unprecedented growth of over 700% over the past year. But Bitcoin’s rise has also been marked by a number of volatile slumps, leaving institutional investors divided over its durability as a long-term store of value and wondering whether to get in on the action. Despite these headwinds, more than 100 hedge funds have been formed to trade in digital currencies.

Split Consensus on Wall Street

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