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SWFI – Movers and Shakers – July 29, 2015

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Seides Ditches Protégé Partners, Joins Credit Suisse Asset Management

Ted Seides, president and co-founder of Protege Partners, is leaving the company to create a hedge fund at Credit Suisse Asset Management. Seides will be developing an equity fund at Credit Suisse. John Mackin is being appointed president of Protege Partners. Seides will remain a non-voting member of the Protege’s investment committee. Founded in 2002, Protege Partners has around US$ 2 billion in assets and invests in smaller hedge funds and emerging managers.

CDPQ Adds Senior Director for Private Equity

Caisse de Depot et Placement du Quebec (CDPQ) has chosen Sanjay Gupta as senior director for private equity. He will be based in New York. This is a new position. Previously, Gupta was an executive director at Adveq.

CPPIB Names Secondaries and Co-Investments Successor to Yann Robard

Canada Pension Plan Investment Board (CPPIB) has named Michael Woodhouse, the managing director and head of secondaries and co-investments at the pension investor. Currently, Woodhouse is senior principal of funds, secondaries and co-investments at CPPIB. Woodhouse will replace Yann Robard in the role, when Robard leaves CPPIB on July 31st. There will not be a replacement for Woodhouse.

First Reserve Promotes Steen and Vaccari to Vice President

Private equity firm First Reserve has promoted Paul Steen and Doug Vaccari to vice president. Steen joined First Reserve in 2011 working with the firms’s buyout funds. Steen was an analyst in the investment banking division (global energy group) at Credit Suisse. Vaccari works in First Reserve’s energy infrastructure team. Before joining First Reserve, Vaccari was an investment banking analyst at UBS.

SEC Hires Former KPMG Duggins as Co-Head of Private Funds Unit

The U.S. Securities and Exchange Commission (SEC) has named Jennifer Duggins as senior specialized examiner and co-head of the SEC’s private funds unit within the office of compliance inspections and examinations. Duggins will start in August. Duggins was a director in KPMG’s financial services regulatory practice. She was also chief compliance officer with Chilton Investment Company, LLC. The other co-head is Igor Rozenblit.

Brengle Appointed Institutional Head at Eaton Vance

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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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