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Emerging markets are cheap for a reason
trueSo are emerging markets likely to underperform or outperform this year? Consider the following:
BlackRock picks senior exec in HK combining CFO, corporate strategy roles
trueAndrew Reynolds will join BlackRock in Hong Kong as chief financial officer and head of corporate strategy for the Asia-Pacific region, effective Feb. 25.
Libyan Investment Authority sues Goldman Sachs in London
trueLibyan Investment Authority, Tripoli, the nation's sovereign wealth fund, sued Goldman Sachs Group in the U.K. over investments worth more than $1 billion.
Ariel's Hobson remembers Mandela's graciousness
trueFor Mellody Hobson, it was a brief encounter with Nelson Mandela.
Altius Associates chooses new EMEA chief
trueRhonda Ryan was named partner and head of Europe, Middle East and Africa investments at Altius Associates.
Overseas Private Investment seeks emerging markets private equity managers
trueOverseas Private Investment Corp., a development agency of the U.S. government, is looking for private equity emerging markets fund managers investing in emerging markets countries that are eligible for OPIC support.
BlackRock picks new EMEA chief
trueDavid Blumer was named senior managing director and head of EMEA at BlackRock.
South Africa's GEPF looking for master custodian
trueGovernment Employees Pension Fund is searching for a master custodian for the 1.05 trillion rand (US$118.7 billion) pension fund.
AllianceBernstein EMEA client director departs
trueRichard Haxe, senior managing director and co-head of the client group for Europe, the Middle East and Africa at AllianceBernstein, is leaving the company.
Blackstone to boost energy investments in Africa
trueBlackstone Group plans to start investing in energy projects in Africa worth $3 billion amid increasing demand for power on the continent.
As private equity portfolios expand globally, emerging markets see growing share
trueMore private equity investors are delving into emerging markets, but significant hurdles still remain to finding sustained outperformance, according to consultants and pension fund executives.
Zimbabwe official sees need for fund to manage diamond wealth
trueZimbabwe needs to set up a sovereign wealth fund for revenue from its Marange diamond fields, Tendai Biti, the country’s finance minister, told a conference in Johannesburg on Thursday.
Russell Investments names CEO for EMEA
truePascal Duval was appointed CEO of Europe, Middle East and Africa at Russell Investments.