Africa

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  1. S&P Dow Jones downgrades Morocco to frontier market status

    trueMorocco has been reclassified as a frontier market country by S&P Dow Jones Indices, following feedback from market participants.

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  1. Head of South Africa's GEPF terminated for misconduct

    trueJohn Oliphant has been dismissed as the principal executive officer of South Africa's 1.43 trillion rand ($128 billion) Government Employees Pension Fund, Pretoria, for misconduct, said a statement from the pension fund Thursday.

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  2. J.P. Morgan expands EMEA endowments and foundations team

    trueKris Jonsson and Sandeep Bhamra were appointed client advisers in J.P. Morgan Asset Management's newly created endowments and foundations team for Europe, the Middle East and Africa.

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  3. Geldof makes case at NAPF conference for new areas of pension fund investment

    trueThe case for investing in new markets and asset classes is stronger than ever, given "ridiculous" bond yields, said Sir Bob Geldof, musician, business entrepreneur and political activist.

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  4. Goldman bankers threatened by LIA executive in 'tirade'

    trueA Libyan Investment Authority executive threatened two Goldman Sachs Group bankers at a 2008 meeting in Tripoli, telling them the lender had “screwed” the sovereign wealth fund, according to the LIA's evidence at a London court hearing Monday.

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  5. South African pension money at risk in bank bailout

    trueThe collapse of African Bank Investments Ltd. is forcing the money manager holding most of the South African government's pension assets to agree to invest 5 billion rand ($440 million) to rescue the lender.

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  6. Siguler Guff hires EMEA managing director

    trueRemy Kawkabani was named managing director and head of Europe, the Middle East and Africa at private equity manager Siguler Guff & Co.

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  7. South Africa's PIC looks to double investments in other African countries

    truePublic Investment Corp., South Africa's 1.6 trillion rand ($150 billion) pension fund manager, plans to improve returns by investing to reinvigorate the flagging economy it dominates, Chief Investment Officer Dan Matjila said.

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  8. RBC Global Asset Management appoints first head of international business

    trueClive Brown has been named CEO and managing director of RBC Global Asset Management International.

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  9. South African funds don't invest in their backyard

    trueIt is not just European and U.S. pension funds that are slow to invest in the opportunities available on the Africa continent: South Africa-based funds also need encouragement.

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  10. New effort puts focus on Africa

    trueInstitutional investment into Africa is set for a boost due in part to a new task force that will work to encourage capital flows into infrastructure projects in the region.

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  11. RBC Global Asset Management adds EMEA managing director

    trueAnne-Sophie Girault joined RBC Global Asset Management as managing director for business development in Europe, the Middle East and Africa.

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  12. Investec, U.S. Chamber of Commerce promote African investment

    trueInvestec Asset Management has partnered with the U.S. Chamber of Commerce’s Africa Business Initiative to produce a report highlighting the ways that foreign investment can be promoted in the Africa region.

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  13. 3 join State Street in Europe

    trueOliver Berger, Andreas Schmid and Tom Wooders were appointed to State Street Corp.'s sector solutions team, said a spokesman.

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