Tom Arnold Set to Head ADIA’s Real Estate Empire

Published

2 weeks ago

May 9, 2018

Tom Arnold was named Global Head of Real Estate for the Abu Dhabi Investment Authority (ADIA), effective June 1, 2018. He is replacing Bill Schwab who has overseen the wealth fund’s property portfolio since 2009.

Arnold is being promoted from being deputy global head and head of Americas real estate at ADIA. Arnold joined ADIA from private equity firm Cerberus Capital Partners.
ADIA is a major sovereign wealth fund investor in real estate globally.

Olympic Park

In another bit of news, ADIA is attempting to sell its portfolio of flagship hotels located in Australia’s Sydney Olympic Park. ADIA acquired this hotel portfolio in 2013.

Crown Court Dismisses Charges on Barclays Qatar Loan Deal

Published

51 mins ago

May 23, 2018

Site Director

Barclays can breathe some fresh air for now over a high-profile corporate case. In February 2018, the U.K. Serious Fraud Office (SFO) had brought charges against Barclays and Barclays Bank in regard to the capital raising deals made in 2008. The bank could have lost its banking license, if found guilty of the charges. A number of bank executives were personally charged as well.

The Charges

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Mubadala Participates in PLT Platform Expansion

Published

3 hours ago

May 23, 2018

Site Director

The Russian Direct Investment Fund (RDIF) corralled a number of Middle Eastern funds, including the Mubadala Investment Company, to augment investment exposure to a logistics infrastructure investment platform called Professional Logistics Technologies (PLT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Ireland Finance Minister Donohoe Reveals Rainy Day Fund Targeting €8 Billion

Published

4 hours ago

May 23, 2018

Site Director

On May 23, 2018, Ireland Finance Minister Paschal Donohoe revealed that Ireland is planning to create a new rainy day fund, setting aside approximately €8 billion in the medium-term to buffer the country from future economic shocks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]