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IACPM: Credit default concerns improve, but overall view still pessimistic
trueCredit portfolio managers remain pessimistic on credit defaults over the next 12 months, but they are mixed about credit spreads over the next three months, said a quarterly survey from the International Association of Credit Portfolio Managers.
Helios Investments Partners raises $1.1 billion for third Africa-focused fund
trueHelios Investment Partners is closing its third Africa-focused private equity fund, Helios Investors III, at its $1.1 billion hard cap.
South Africa's Pension Investment Corp. appoints new CEO
trueDaniel Matjila was named executive director and CEO of the 1.6 trillion South African rand ($151.3 billion) pension fund Public Investment Corp.
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.
Nikko hires 3 for Middle East, Africa and Asia institutional business
trueNikko Asset Management appointed three executives to its institutional business, covering three separate roles in the Middle East, Africa and Asia.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.