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SWFI – Movers and Shakers – February 7, 2017

Executive Shuffle at BlueBay Asset Management

Eric Gerth will become the Chief Executive Officer of BlueBay Asset Management LLP effective around May 2017. Previously, he was Global Head of Business Development at BlueBay Asset Management since December 2012. Before BlueBay Asset Management, he was the Chief Executive of Global Business Development at Aviva Investors London Limited.

Gerth replaces Alex Khein who plans to leave BlueBay Asset Management at the end of 2017 to pursue a new venture related to technology and money management. In addition, Khein is also co-CEO of BlueBay Asset Management’s parent entity RBC Global Asset Management. The other co-CEO Damon Williams will become the sole CEO of RBC Global Asset Management when Khein exits.

Last, Cenk Turkinan will take over Gerth’s role as Head of Business Development at BlueBay Asset Management.

Heard Capital Adds Albright Stonebridge Group Executive to Board of Advisors

Chicago-based Heard Capital LLC is a hedge fund founded by William Heard. Michael Warren, Managing Principal of Albright Stonebridge Group (ASG) in Washington, D.C., will join the Heard Capital’s Board of Advisors. Warren is chief executive of ASG, responsible for overall strategic direction, growth and management. In addition, Warren is a Trustee of the District of Columbia Retirement Board, DC’s public pension fund and serves on the Board of Trustees of the Commonfund.

Amundi Hires Sunny Leung for ETF Role

Sunny Leung was named as Head of Amundi ETF, Indexing and Smart Beta Sales, North Asia, at Amundi Asset Management. Previously, Leung was an Assistant Vice President at State Street Global Advisors (SSgA), working on business development for SPDR ETFs in the Asia ex-Japan region. Leung replaced Yvonne Ng who exited Amundi at the end of 2016.

Michael Anstey to Lead Healthcare Investment Efforts at Cambridge Innovation Capital

Michael Anstey joined Cambridge Innovation Capital, which invests in intellectual property-rich companies from the University of Cambridge and the wider research and business community around the Cambridge region, as an investment director. Anstey will focus on healthcare opportunities. Before this role, he was a Principal in the Healthcare practice at the Boston Consulting Group (BCG) in Toronto. Cambridge Innovation Capital is the only preferred investor for the University of Cambridge.

Chase Brogan Joins TSG Consumer Partners

Chase Brogan was hired by San Francisco-based TSG Consumer Partners, LLC, a private equity firm, to be a principal. Before this role, Brogan led corporate development efforts at Guthy|Renker, a direct marketing company focused on beauty, skincare, entertainment and wellness products. Brogan is an investor in ipsy and serves on its Board of Directors. Brogan started his career as an investment banker with Bear, Stearns & Co. and Banc of America Securities.

SWFI First Read, November 19, 2017

Mubadala Petroleum Sees Opportunities in Mexican Upstream and Downstream

Mubadala Petroleum, a unit of Mubadala Investment Company, is studying investment opportunities in Mexico. The opportunity set is both in upstream in oil production, or in downstream sectors. Mubadala recently invested heavily in the Gulf coast.

OMERS-Backed CEDA International Corporation Acquires Joe Loomis Trucking

In 2005, Borealis Infrastructure, a unit of OMERS, had acquired CEDA International Corporation (then known as CEDA Holdings Limited) from Precision Drilling Corporation for C$ 274 million. CEDA International Corporation was moved into the portfolio holdings of OMERS Private Equity, another unit of OMERS. On November 16, 2017, CEDA International Corporation acquired Dawson Creek, British Columbia-based Joe Loomis Trucking Limited.

IMF Believes Kuwait Government Needs $100 Billion Over Next 5 Years for Gross Financing Needs

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Ontario Teachers’ Takes to the Seas with Atlantic Aqua Farms Acquisition

The Ontario Teachers’ Pension Plan (OTPP) has made its first investment in the rising aquaculture industry with the acquisition of Orwell Cove-based Atlantic Aqua Farms, Inc. (AAF) and its affiliated entities from San Francisco-based private equity firm Encore Consumer Capital, through its Encore Consumer Capital Fund L.P., for an undisclosed amount. Estimates of the deal’s value, however, place it at over C$ 100 million. Encore Consumer Capital put AAF for sale back in March 2017.

Based out of Canada’s Prince Edward Island, AAF is the largest grower and processor of the region’s famed blue mussels under the brand names Canadian Cove, Confederation Cove, and J.P.’s shellfish. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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UAE Prepares ADNOC Distribution IPO

The Abu Dhabi National Oil Company (ADNOC) embarked on plans to sell a minority stake of 10% or more in its fuel distribution unit in an initial public offering on the Abu Dhabi Securities Exchange (ADX) scheduled for December of 2017. ADNOC Distribution is the largest fuel distributor in the United Arab Emirates with 67% of the market share by number of retail service stations and benefits from a “stable and predictable” market-pricing regime, according to a company statement.

The offering will consist entirely of existing stock held by ADNOC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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