Opalesque Sovereign Wealth Funds Briefing » People http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en Singapore’s GIC hires big data expert in quant strategy push http://www.opalesque.com/SWF_Briefing/?p=21085 http://www.opalesque.com/SWF_Briefing/?p=21085#comments Tue, 29 Nov 2016 03:03:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21085 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21085>Article Link</a> GIC has hired a big data expert as it expands computer-driven investments through a quantitative group started earlier this year. The Singapore sovereign wealth fund appointed Mr Michael Recce in the newly created role of chief data scientist last month to work in the GIC Data and Analytics Department, according to a spokesman. (more…)

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Sue Brake leaves NZ Super to join Willis Towers Watson http://www.opalesque.com/SWF_Briefing/?p=21071 http://www.opalesque.com/SWF_Briefing/?p=21071#comments Wed, 23 Nov 2016 23:46:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21071 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21071>Article Link</a> New Zealand Super Fund senior investment strategist Sue Brake has left the NZ$31.6 (AU$29.5) billion sovereign wealth fund to join Willis Towers Watson as a senior investment consultant. Brake is bucking a trend that has seen consultants, such as Leigh Gavin and Robb Hogg, move to in-house roles with institutional investors over the past two years reflecting the trend for more super funds to increase their internal capacities. (more…)

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New CEO for Singapore’s GIC http://www.opalesque.com/SWF_Briefing/?p=21069 http://www.opalesque.com/SWF_Briefing/?p=21069#comments Wed, 23 Nov 2016 23:45:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21069 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21069>Article Link</a> Lim Chow Kiat has been appointed as the new chief executive officer (CEO) of Singaporean sovereign wealth fund (SWF) GIC Private Ltd (GIC), effective from January 1, 2017. Lim is currently the deputy group president and group chief investment officer (CIO) at the SWF. “As I take on this bigger role, I will continue to be guided by the values of our pioneers, particularly that of long-termism,” the new CEO told Singapore’s Business Times. (more…)

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Mahathir: Obama was talking about 1MDB http://www.opalesque.com/SWF_Briefing/?p=21068 http://www.opalesque.com/SWF_Briefing/?p=21068#comments Wed, 23 Nov 2016 23:45:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21068 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21068>Article Link</a> US President Barack Obama alluded to the 1MDB case during his speech at the Lima Convention Centre, in Peru, on Nov 20, former prime minister Dr Mahathir Mohamad said today. In talking about the need to improve and maintain the world order, Obama said everyone had to do their part as there were limits to the reach of the US into other countries which oppressed their people or “siphon all development funds into Swiss bank accounts because they are corrupt”. (more…)

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Norway wealth fund’s Schanke to leave fund http://www.opalesque.com/SWF_Briefing/?p=21067 http://www.opalesque.com/SWF_Briefing/?p=21067#comments Tue, 22 Nov 2016 23:42:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21067 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21067>Article Link</a> The Norwegian wealth fund’s chief investment officer for asset strategies, Oeyvind Schanke, is to leave the fund to head Norwegian investment fund Skagen, Skagen said in a statement on Tuesday. (more…)

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Norway sovereign fund exec heads to private sector http://www.opalesque.com/SWF_Briefing/?p=21066 http://www.opalesque.com/SWF_Briefing/?p=21066#comments Tue, 22 Nov 2016 23:42:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21066 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21066>Article Link</a> Norway’s sovereign wealth fund is set to lose one of its most senior investment executives, as Øyvind Schanke becomes the new chief executive at the country’s best-known active investment manager. (more…)

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Political Risk Will Be Boon for Active Managers, Skagen CEO http://www.opalesque.com/SWF_Briefing/?p=21065 http://www.opalesque.com/SWF_Briefing/?p=21065#comments Tue, 22 Nov 2016 23:42:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21065 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21065>Article Link</a> Rising political risk exemplified by such events as the election of Donald Trump and the U.K. vote to leave the European Union will be boon to managers that make active choices when managing their bond and stock portfolio, said the incoming chief executive officer of Norway’s Skagen Funds. (more…)

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1MDB: Ex-BS1 banker linked to Malaysian sovereign fund amassed wealth http://www.opalesque.com/SWF_Briefing/?p=21062 http://www.opalesque.com/SWF_Briefing/?p=21062#comments Tue, 22 Nov 2016 23:40:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21062 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21062>Article Link</a> Yeo Jiawei, a former BSI banker had amassed S$26m ($14.7m) in the 15 months after he left the Swiss private bank in Singapore, a court was told on Tuesday (22 November). Prior to that, Yeo’s net worth was only S$2m. (more…)

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Ex-BSI banker trial: Yeo Jiawei amassed S$23.9m in just 15 months after leaving BSI, say prosecutors http://www.opalesque.com/SWF_Briefing/?p=21061 http://www.opalesque.com/SWF_Briefing/?p=21061#comments Tue, 22 Nov 2016 23:40:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21061 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21061>Article Link</a> The only way former BSI banker Yeo Jiawei could earn $23.9 million in less than 15 months was by taking “secret profits” linked to a money-laundering scam involving 1Malaysia Development Berhad (1MDB), prosecutors contended. (more…)

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Singapore’s wealth fund chooses new boss to navigate weaker growth http://www.opalesque.com/SWF_Briefing/?p=21060 http://www.opalesque.com/SWF_Briefing/?p=21060#comments Mon, 21 Nov 2016 23:43:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21060 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21060>Article Link</a> One of the world’s largest sovereign wealth funds has chosen a new chief executive as it braces for a decade of lower earnings. GIC, the sovereign wealth fund of Singapore, has hired Lim Chow Kiat to be its new boss, overseeing $100bn in assets spanning 40 countries. (more…)

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Singapore’s GIC Appoints Lim Chow Kiat CEO http://www.opalesque.com/SWF_Briefing/?p=21059 http://www.opalesque.com/SWF_Briefing/?p=21059#comments Mon, 21 Nov 2016 23:43:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21059 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21059>Article Link</a> Singapore’s sovereign wealth fund GIC Pte has appointed Lim Chow Kiat as chief executive officer as part of a leadership transition that includes new roles for several managers. (more…)

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Tough challenges ahead for incoming GIC chief http://www.opalesque.com/SWF_Briefing/?p=21058 http://www.opalesque.com/SWF_Briefing/?p=21058#comments Mon, 21 Nov 2016 23:42:50 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21058 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21058>Article Link</a> The appointment of seasoned investor Lim Chow Kiat as the chief executive officer of GIC comes as the Singapore sovereign wealth fund is facing a slower rate of returns. And a range of challenges lies ahead for Mr Lim, given the increasing volatility across the world. (more…)

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Russian fund chief hails ‘pragmatic’ Trump http://www.opalesque.com/SWF_Briefing/?p=21054 http://www.opalesque.com/SWF_Briefing/?p=21054#comments Mon, 21 Nov 2016 23:41:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21054 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21054>Article Link</a> Kirill Dmitriev hails likely business opportunities. The head of a leading Russian sovereign wealth fund has hailed Donald Trump’s election victory as a new opportunity for Moscow to do business with the US. (more…)

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Kingdom’s Sovereign Fund Fills Key Positions as It Prepares for Vision 2030 http://www.opalesque.com/SWF_Briefing/?p=21050 http://www.opalesque.com/SWF_Briefing/?p=21050#comments Mon, 21 Nov 2016 00:03:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21050 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21050>Article Link</a> Saudi Arabia’s Public Investment Fund (PIF), its main sovereign wealth fund, announced on Thursday it had filled key posts as part of plans to expand investment capacity and help reduce the kingdom’s dependence on oil income. (more…)

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Saudi sovereign fund fills key positions as it bulks up for reform drive http://www.opalesque.com/SWF_Briefing/?p=21043 http://www.opalesque.com/SWF_Briefing/?p=21043#comments Thu, 17 Nov 2016 23:52:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21043 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21043>Article Link</a> Saudi Arabia’s Public Investment Fund (PIF), its main sovereign wealth fund, said on Thursday it had filled key posts as part of plans to expand investment capacity and help reduce the kingdom’s dependence on oil income. (more…)

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Ex-SWF chief: Private equity model is a ‘rigged arrangement’ http://www.opalesque.com/SWF_Briefing/?p=21034 http://www.opalesque.com/SWF_Briefing/?p=21034#comments Thu, 17 Nov 2016 23:49:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21034 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21034>Article Link</a> Private equity firms are charging far too much in fees and are not investing enough of their own money in the deals they do, according to a former head of private investments at one of the world’s largest sovereign wealth funds. (more…)

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Malaysia Silences 1MDB Whistleblower in Blow to Rights http://www.opalesque.com/SWF_Briefing/?p=21025 http://www.opalesque.com/SWF_Briefing/?p=21025#comments Thu, 17 Nov 2016 02:05:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21025 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21025>Article Link</a> The sentencing of an opposition politician is just the latest attempt to cover up a deepening 1MDB scandal. A chorus of international outrage was struck immediately after the sentencing of opposition politician Rafizi Ramli for disclosing part of the Auditor General’s report into the 1MDB corruption scandal, which has severely damaged Malaysia’s reputation in business and politics. (more…)

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Najib says he initiated 1MDB probe http://www.opalesque.com/SWF_Briefing/?p=21024 http://www.opalesque.com/SWF_Briefing/?p=21024#comments Thu, 17 Nov 2016 02:05:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21024 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21024>Article Link</a> In an interview with a Japanese weekly, Malaysian Prime Minister Najib Razak said he was the first to order an investigation into 1Malaysia Development Berhad (1MDB). In an interview published in the Nikkei Asian Review yesterday, he said the Malaysian authorities have led investigations into 1MDB. (more…)

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McLaren chief Ron Dennis fighting ouster: Bernie Ecclestone http://www.opalesque.com/SWF_Briefing/?p=20994 http://www.opalesque.com/SWF_Briefing/?p=20994#comments Tue, 15 Nov 2016 00:38:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20994 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20994>Article Link</a> As per reports, Bahrain’s sovereign wealth fund and businessman Mansour Ojjeh, who hold 75 percent of shares, want to oust Ron Dennis. McLaren chief executive Ron Dennis is fighting a move by other shareholders to force him out, Formula One supremo Bernie Ecclestone said. (more…)

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Sovereign Wealth Funds React to Trump Victory http://www.opalesque.com/SWF_Briefing/?p=20983 http://www.opalesque.com/SWF_Briefing/?p=20983#comments Fri, 11 Nov 2016 01:08:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20983 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20983>Article Link</a> A number of messages were telegraphed to media from asset owners globally following the conclusion of the U.S. presidential election. In the run up to the election, sovereign wealth funds, such as GIC Private Limited, Korea Investment Corporation (KIC) and Qatar Investment Authority (QIA), continued investing in a wide range of assets from infrastructure to office properties in core cities. (more…)

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Singapore says Malaysian ‘Jho Low’ key figure in 1MDB-linked probe http://www.opalesque.com/SWF_Briefing/?p=20982 http://www.opalesque.com/SWF_Briefing/?p=20982#comments Fri, 11 Nov 2016 01:07:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20982 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20982>Article Link</a> Singapore’s white-collar crime unit for the first time on Thursday identified Malaysian businessman Low Taek Jho as a key figure in the money laundering investigation linked to scandal-tainted 1MDB fund. The revelation came from an investigator during the trial of a former wealth manager of Swiss private bank BSI in Singapore’s most high-profile money laundering case. (more…)

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‘I was just taking instructions’: Ex-BSI banker Yeo Jiawei on 1MDB dealings http://www.opalesque.com/SWF_Briefing/?p=20981 http://www.opalesque.com/SWF_Briefing/?p=20981#comments Fri, 11 Nov 2016 01:07:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20981 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20981>Article Link</a> After seven months in remand and eight days in the dock, former BSI wealth planner Yeo Jiawei had his day in court. Yeo, 33, took the witness stand Thursday (Nov 10) afternoon and immediately distanced himself from former colleagues and business associates also implicated in Singapore’s 1MDB probe. (more…)

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Russia’s sovereign fund head says Trump win will ease geopolitical tensions http://www.opalesque.com/SWF_Briefing/?p=20978 http://www.opalesque.com/SWF_Briefing/?p=20978#comments Wed, 09 Nov 2016 23:26:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20978 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20978>Article Link</a> Kirill Dmitriev, the head of Russia’s sovereign wealth fund, said on Wednesday he believed Donald Trump’s presidential victory would reduce geopolitical confrontations. “A less confrontational U.S. foreign policy will unlock major opportunities for joint (Russia-U.S.) trade and investment,” Dmitriev, head of the Russian Direct Investment Fund, said in a statement. (more…)

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Temasek’s Fullerton Fund CEO leaves firm http://www.opalesque.com/SWF_Briefing/?p=20977 http://www.opalesque.com/SWF_Briefing/?p=20977#comments Wed, 09 Nov 2016 23:26:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20977 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20977>Article Link</a> Fullerton Fund Management, the Singapore-based asset manager backed by Temasek Holdings, said chief executive officer Manraj Sekhon has left the firm. (more…)

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How will Najib’s golfing buddy Trump treat Malaysia’s 1MDB probe? http://www.opalesque.com/SWF_Briefing/?p=20974 http://www.opalesque.com/SWF_Briefing/?p=20974#comments Wed, 09 Nov 2016 23:25:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20974 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20974>Article Link</a> Malaysian Prime Minister Najib Razak is apparently US president-elect Donald Trump’s golfing buddy and “favourite Prime Minister”. Given the ties between the two men, some observers expect the relationship between Muslim-majority Malaysia and the US to remain good despite Trump’s anti-Muslim rhetoric during his bitterly fought campaign. (more…)

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WSJ journalist ejected from 1MDB session in Sydney http://www.opalesque.com/SWF_Briefing/?p=20964 http://www.opalesque.com/SWF_Briefing/?p=20964#comments Wed, 09 Nov 2016 00:01:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20964 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20964>Article Link</a> A Wall Street Journal journalist was kicked out of a 1MDB information session in Sydney, believed to have been organised by Special Affairs Department (Jasa). (more…)

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Pak Lah backs Najib to fix 1MDB http://www.opalesque.com/SWF_Briefing/?p=20946 http://www.opalesque.com/SWF_Briefing/?p=20946#comments Thu, 03 Nov 2016 23:31:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20946 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20946>Article Link</a> Former Prime Minister Tun Abdullah Ahmad Badawi believes Datuk Seri Najib Razak should get the chance to resolve the 1Malaysia Development Berhad (1MDB) controversy and restore stability in the country. In Abdullah’s authorised biography Being Abdullah Ahmad Badawi, author Datuk Wong Sulong said that Abdullah had publicly endorsed Najib by agreeing to launch a book commemorating the latter’s 40 years in politics in February this year. (more…)

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Banker in 1MDB case ‘worked with Malaysian PM’s friend’ http://www.opalesque.com/SWF_Briefing/?p=20928 http://www.opalesque.com/SWF_Briefing/?p=20928#comments Tue, 01 Nov 2016 23:43:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20928 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20928>Article Link</a> A private banker on trial in Singapore for his alleged role in Malaysia’s 1MDB fund scandal worked closely with a friend of Malaysian Prime Minister Najib Razak, a court heard Tuesday. (more…)

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Singapore Trial Witness Links Banker to Alleged 1MDB Figure http://www.opalesque.com/SWF_Briefing/?p=20927 http://www.opalesque.com/SWF_Briefing/?p=20927#comments Tue, 01 Nov 2016 23:43:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20927 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20927>Article Link</a> Wealth manager Yeo Jiawei went to work with or for financier Jho Low after leaving BSI Bank, his one-time boss testified. A witness linked a former private banker on trial here to a young financier global investigators say was at the center of the misappropriation of billions of dollars from Malaysian state investment fund 1MDB. (more…)

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Singapore starts trial of ex-banker linked to 1MDB Fund http://www.opalesque.com/SWF_Briefing/?p=20918 http://www.opalesque.com/SWF_Briefing/?p=20918#comments Tue, 01 Nov 2016 01:21:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20918 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20918>Article Link</a> Singapore has begun the trial of a former private banker charged with money laundering and other offenses in connection with the indebted Malaysian state fund 1MDB. Yeo Jiawei, a former wealth planner at Swiss private bank BSI, is facing 11 charges for allegedly obstructing the course of justice, money laundering, cheating, and forgery. (more…)

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1MDB debt is not gov’t debt, says Najib http://www.opalesque.com/SWF_Briefing/?p=20917 http://www.opalesque.com/SWF_Briefing/?p=20917#comments Tue, 01 Nov 2016 01:20:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20917 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20917>Article Link</a> Prime Minister Najib Abdul Razak has said that debts accumulated by 1MDB are not considered government debts. “Debts (accumulated) by 1MDB and their related projects are not classified as federal government debts. (more…)

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ADIA hires Asia-Pacific representative to lead research in new Hong Kong office http://www.opalesque.com/SWF_Briefing/?p=20905 http://www.opalesque.com/SWF_Briefing/?p=20905#comments Fri, 28 Oct 2016 01:46:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20905 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20905>Article Link</a> Dong-Sinh Ngo joined the Abu Dhabi Investment Authority as chief representative, Asia-Pacific, based in the sovereign wealth fund’s new Hong Kong office, said a spokesman. The position is new. (more…)

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Kazak SWF chief looks to increase pace of privatisation http://www.opalesque.com/SWF_Briefing/?p=20897 http://www.opalesque.com/SWF_Briefing/?p=20897#comments Wed, 26 Oct 2016 22:24:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20897 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20897>Article Link</a> Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, is looking to finally privatise many of its assets, after a series of false starts. The current privatisation push entails the transition of assets currently belonging to [the country’s sovereign wealth fund] Samruk-Kazyna towards a more competitive environment. (more…)

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Telstra chairman John Mullen rips into critics, Future Fund chairman http://www.opalesque.com/SWF_Briefing/?p=20895 http://www.opalesque.com/SWF_Briefing/?p=20895#comments Wed, 26 Oct 2016 22:23:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20895 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20895>Article Link</a> It’s getting ugly at the big end of town. Telstra Corp chairman John Mullen has launched a spirited defence of his predecessor Catherine Livingstone giving former Future Fund chairman David Murray a broadside in the process. (more…)

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Was Husni kept in the dark over 1MDB too? asks Tony Pua http://www.opalesque.com/SWF_Briefing/?p=20886 http://www.opalesque.com/SWF_Briefing/?p=20886#comments Wed, 26 Oct 2016 00:32:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20886 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20886>Article Link</a> The fact that the former second finance minister had to ask parliament 1MDB-related questions suggests that only the prime minister has all the answers on the state investment firm. Commenting on Ahmad Husni Hanadzlah’s 1MDB-related queries in the Dewan Rakyat yesterday, DAP lawmaker Tony Pua said he found it strange that the former minister had to raise the matter in parliament. (more…)

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Former 1MDB spokesman Ahmad Husni now queries Putrajaya on fund’s deals http://www.opalesque.com/SWF_Briefing/?p=20881 http://www.opalesque.com/SWF_Briefing/?p=20881#comments Mon, 24 Oct 2016 22:24:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20881 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20881>Article Link</a> Former second finance minister Datuk Seri Ahmad Husni Mohamad Hanadzlah, who reportedly said handling 1MDB issues previously made him ill, has turned around to question the fund’s dealings in Parliament. (more…)

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China Sovereign Wealth Fund Brings in More New Blood http://www.opalesque.com/SWF_Briefing/?p=20875 http://www.opalesque.com/SWF_Briefing/?p=20875#comments Mon, 24 Oct 2016 02:49:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20875 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20875>Article Link</a> China’s sovereign wealth fund has appointed a former China Everbright Group veteran as its vice president, Caixin has learned. Liu Jun, former deputy general manager of China Everbright Group, joined China Investment Corp. (CIC) on Friday, according to people with knowledge of the matter. (more…)

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1MDB: Govt declines to say if Jho Low, Riza questioned by police http://www.opalesque.com/SWF_Briefing/?p=20859 http://www.opalesque.com/SWF_Briefing/?p=20859#comments Wed, 19 Oct 2016 22:38:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20859 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20859>Article Link</a> The Home Ministry is keeping mum on whether or not police have questioned businessman Low Taek Jho (popularly known as Jho Low) and Prime Minister Datuk Seri Najib Razak’s stepson Riza Aziz on the 1Malaysia Development Bhd (1MDB) scandal. (more…)

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Leonardo DiCaprio vows to return charity funds if they came from 1MDB http://www.opalesque.com/SWF_Briefing/?p=20858 http://www.opalesque.com/SWF_Briefing/?p=20858#comments Wed, 19 Oct 2016 22:38:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20858 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20858>Article Link</a> American actor and climate change activist Leonardo DiCaprio has vowed to return any gifts or donations made to him or any of his ventures if they are found to have come from Malaysia’s sovereign fund, 1Malaysia Development Berhad. (more…)

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Peter Costello warns on Australian finances, Future Fund returns http://www.opalesque.com/SWF_Briefing/?p=20847 http://www.opalesque.com/SWF_Briefing/?p=20847#comments Tue, 18 Oct 2016 22:45:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20847 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20847>Article Link</a> Former Howard government treasurer Peter Costello has warned that Australia’s financial position is “not strong” and that returns from the Future Fund he chairs will be weaker. (more…)

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Leo DiCaprio’s Charity Will Reportedly Return Over $1 Million in Donations from Shady Malaysian Fund http://www.opalesque.com/SWF_Briefing/?p=20844 http://www.opalesque.com/SWF_Briefing/?p=20844#comments Tue, 18 Oct 2016 22:44:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20844 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20844>Article Link</a> This summer, Leonardo DiCaprio’s charity was publicly linked to a multibillion-dollar scandal by the Department of Justice. Now, as pressure from the international community mounts, the A-lister’s non-profit has released a statement explaining that they intend to return some of the funds in question: (more…)

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SoftBank Names Rajeev Misra As Head Of $100 Billion Tech Fund http://www.opalesque.com/SWF_Briefing/?p=20826 http://www.opalesque.com/SWF_Briefing/?p=20826#comments Mon, 17 Oct 2016 00:29:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20826 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20826>Article Link</a> Saudi Arabia and Japan’s SoftBank Group will create a technology investment fund that could grow as large as $100 billion, making it one of the world’s largest private equity investors and a potential kingpin in the industry. (more…)

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1MDB: The Masterminds, the Swiss Bankers and the Hollywood Star http://www.opalesque.com/SWF_Briefing/?p=20814 http://www.opalesque.com/SWF_Briefing/?p=20814#comments Fri, 14 Oct 2016 02:37:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20814 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20814>Article Link</a> 1MDB is a scandal that has it all: secret bank accounts, corrupt politicians, Swiss bankers, a Hollywood star and an army of investigators hunting them down. (more…)

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Saudi Deputy Crown Prince Wants To Be One Of The World’s Biggest Tech Investors http://www.opalesque.com/SWF_Briefing/?p=20810 http://www.opalesque.com/SWF_Briefing/?p=20810#comments Fri, 14 Oct 2016 02:35:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20810 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20810>Article Link</a> The public investment fund of Saudi Arabia, the Kingdom’s sovereign wealth fund, is considering investing as much as $45 billion over the next five years in the new SoftBank Vision Fund, according to an announcement made on Thursday. SoftBank itself plans on investing at least $25 billion over the next five years in the fund. (more…)

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Ex-BSI Bankers Charged in Singapore Linked to Partying Financier http://www.opalesque.com/SWF_Briefing/?p=20786 http://www.opalesque.com/SWF_Briefing/?p=20786#comments Mon, 10 Oct 2016 22:32:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20786 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20786>Article Link</a> Singapore authorities charged two ex-BSI SA bank employees in a case linked to an embattled Malaysian investment fund at the center of international probes, accusing them of failing to disclose suspicious transactions involving a high-living financier. (more…)

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Temasek names Goldman Sachs vet as North America joint head http://www.opalesque.com/SWF_Briefing/?p=20765 http://www.opalesque.com/SWF_Briefing/?p=20765#comments Thu, 06 Oct 2016 23:04:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20765 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20765>Article Link</a> Singapore state investor Temasek Holdings (Pte) Ltd hired veteran Goldman Sachs dealmaker John Vaske as joint head, North America, effective Jan. 16. (more…)

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Norway PM says must discuss tighter long-term fiscal spending rule http://www.opalesque.com/SWF_Briefing/?p=20759 http://www.opalesque.com/SWF_Briefing/?p=20759#comments Wed, 05 Oct 2016 23:40:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20759 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20759>Article Link</a> Norway may tighten guidelines for spending cash from its $890 billion sovereign wealth fund, the world’s largest, Prime Minister Erna Solberg told public broadcaster NRK said. (more…)

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Chairman and CEO of Libyan Investment Authority: I Demand Continuity of Libyan Funds’ Immobilization http://www.opalesque.com/SWF_Briefing/?p=20753 http://www.opalesque.com/SWF_Briefing/?p=20753#comments Wed, 05 Oct 2016 23:37:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20753 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20753>Article Link</a> Cairo- AbdulMagid AbdulSalam Breish, Chairman and CEO of the Libyan Investment Authority in Tripoli, revealed to Asharq al-Awsat that several meetings were held with Tobruk LIA Chairman Fawzi Omran Farkash in the past few weeks. (more…)

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1MDB, Criminal Probe Separate Key Aide from Malaysia Tycoon’s Empire http://www.opalesque.com/SWF_Briefing/?p=20750 http://www.opalesque.com/SWF_Briefing/?p=20750#comments Wed, 05 Oct 2016 02:15:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20750 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20750>Article Link</a> Augustus Ralph Marshall, the trusted key aide to T. Ananda Krishnan – Malaysia’s second-richest man – has left all posts in the sprawling cross-media empire as of end September, several sources told the Asia Sentinel. (more…)

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Former GIC manager launches robo-advisor for institutional investors http://www.opalesque.com/SWF_Briefing/?p=20718 http://www.opalesque.com/SWF_Briefing/?p=20718#comments Thu, 29 Sep 2016 02:24:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20718 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20718>Article Link</a> ClearMacro has launched the world’s first robo-research platform, enabling institutional investors to independently optimise thier asset allocation decisions. The robo-advisor, which was launched on 27 September, hasn’t yet attracted any paying clients from the pensions industry. (more…)

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1MDB scandal is quite damaging, concedes Nazir http://www.opalesque.com/SWF_Briefing/?p=20699 http://www.opalesque.com/SWF_Briefing/?p=20699#comments Mon, 26 Sep 2016 23:32:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20699 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20699>Article Link</a> In an interview with the magazine Euromoney, CIMB bank chairperson Nazir Razak shares his views on the 1MDB scandal and being dragged into the imbroglio. Published in its September issue, the article’s writer noted how two days before the meeting with Nazir, a brother of Prime Minister Najib Abdul Razak, the United States Department of Justice filed a civil suit in relation to alleged abuse of 1MDB funds. (more…)

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Future Fund may not buy more infrastructure: Peter Costello http://www.opalesque.com/SWF_Briefing/?p=20696 http://www.opalesque.com/SWF_Briefing/?p=20696#comments Mon, 26 Sep 2016 05:52:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20696 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20696>Article Link</a> Future Fund chairman Peter Costello has warned that the $125 billion fund might have sated its appetite for infrastructure assets by the time the Queensland government accepts reality and reverses its anti-privatisation position. (more…)

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With Kleptocrats Untouchable, America Goes Big on Another Strategy: Taking Their Stuff Instead http://www.opalesque.com/SWF_Briefing/?p=20680 http://www.opalesque.com/SWF_Briefing/?p=20680#comments Thu, 22 Sep 2016 23:19:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20680 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20680>Article Link</a> Accused of involvement in stealing billions from Malaysia’s sovereign wealth fund, Prime Minister Najib Razak did what autocratic leaders around the world do when scandal is in the air. He cleared house. In the space of a day last July, he fired his deputy prime minister and attorney general and sidelined members of a parliamentary committee looking into the apparent theft. (more…)

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Robert De Niro doesn’t ‘give a s—-’ about Malaysian corruption scandal http://www.opalesque.com/SWF_Briefing/?p=20679 http://www.opalesque.com/SWF_Briefing/?p=20679#comments Thu, 22 Sep 2016 23:19:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20679 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20679>Article Link</a> Robert De Niro is unconcerned after being linked to a Malaysian corruption scandal. Back in July, the U.S. Department of Justice filed to seize the assets of a Malaysian sovereign wealth fund called 1MDB, set up by the country’s Prime Minister Najib Razak. It is claimed more than $1 billion was embezzled and misappropriated from the fund - including $100 million which was used from the fund to finance Leonardo DiCaprio’s 2013 movie The Wolf of Wall Street. (more…)

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Julius Baer Responds to DiCaprio, 1MDB Questions http://www.opalesque.com/SWF_Briefing/?p=20674 http://www.opalesque.com/SWF_Briefing/?p=20674#comments Wed, 21 Sep 2016 23:21:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20674 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20674>Article Link</a> Swiss private bank Julius Baer responded to questions over its links to actor-environmentalist Leonardo DiCaprio, who has been criticized over his ties to representatives of Malaysia’s 1MDB fund. (more…)

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Papua New Guinea: Manage SWF well, economist says http://www.opalesque.com/SWF_Briefing/?p=20673 http://www.opalesque.com/SWF_Briefing/?p=20673#comments Wed, 21 Sep 2016 23:21:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20673 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20673>Article Link</a> Economist Paul Barker says a Sovereign Wealth Fund (SWF) is only valuable if and when it operates to the highest standard of performance and accountability to the people. Barker, the executive director of the Institute of National Affairs, said this was to avoid poor management and governance as had been the case of major State associated funds. (more…)

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Unesco holds back award for Malaysia PM’s wife amid 1MDB fallout http://www.opalesque.com/SWF_Briefing/?p=20660 http://www.opalesque.com/SWF_Briefing/?p=20660#comments Wed, 21 Sep 2016 03:31:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20660 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20660>Article Link</a> Honour for Rosmah Mansor on hold in sign of growing international impact of graft scandal. Unesco has postponed an award it planned to give to Rosmah Mansor, the Malaysian prime minister’s wife, at the last minute in a sign of the growing international fallout from a corruption scandal engulfing the country’s leaders. (more…)

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Libya sovereign fund denies handover rumours http://www.opalesque.com/SWF_Briefing/?p=20638 http://www.opalesque.com/SWF_Briefing/?p=20638#comments Thu, 15 Sep 2016 01:24:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20638 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20638>Article Link</a> AbdulMagid Breish, the chairman of LIA Tripoli, and Fawzi Farkash, the newly-appointed Chairman of the Tobruk-based LIA has denied veracity of the reports that a steering committee has taken over responsibility for managing the LIA following a handover process. In a joint statement, they confirmed that these reports are “completely false”: (more…)

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Mubadala CEO signals more oil deals as IPIC megamerger advances http://www.opalesque.com/SWF_Briefing/?p=20634 http://www.opalesque.com/SWF_Briefing/?p=20634#comments Thu, 15 Sep 2016 01:22:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20634 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20634>Article Link</a> Mubadala Development Co, the Abu Dhabi sovereign fund merging with International Petroleum Investment Co, said potential energy deals are more attractive after the slump in oil prices drove down asset prices. (more…)

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Temasek chief on Fortune’s list of 50 most powerful businesswomen http://www.opalesque.com/SWF_Briefing/?p=20626 http://www.opalesque.com/SWF_Briefing/?p=20626#comments Wed, 14 Sep 2016 03:32:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20626 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20626>Article Link</a> Temasek Holdings executive director and CEO Ho Ching has been ranked eighth in a list of the world’s 50 most powerful businesswomen outside of the US. The list by Fortune magazine is topped by Ms Ana Botin, executive chairman of Banco Santander, the euro zone’s largest bank by market value. At No. 2 is State Bank of India chairman Arundhati Bhattacharya. (more…)

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