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Abu Dhabi Investment Authority bolsters internally managed capabilities in 2014
trueAbu Dhabi Investment Authority cut the percentage of assets managed by external money managers to 65% from 75% a year earlier, said its 2014 annual report.
Oil-price drop shouldn't affect investment in Saudi stock market
trueLow oil prices should not put international investors off from investing in the soon-to-be-liberalized Saudi Arabia market, despite oil revenue accounting for almost 40% of the economy's gross domestic product, say sources at money management firms.
Investors keen on opening of Saudi market
trueMoney management executives and institutional investors are preparing for what could be a significant change to the makeup of their emerging markets equity allocations, due to the imminent opening of the Saudi Arabia stock market to qualified foreign investors.
Abu Dhabi Investment Authority hires head of U.S. internal equities group
trueJohn Pandtle joined the Abu Dhabi Investment Authority as head of U.S. in its internal equities department.
Illinois passes bill for pension funds to divest from companies boycotting Israel
trueThe Illinois General Assembly passed a bill that would require the five state-funded retirement systems to divest investment holdings in companies that boycott Israel.
AllianzGI expands Europe distribution chief's role to head of EMEA
trueTobias C. Pross was named head of Europe, Middle East and Africa at Allianz Global Investors, in an expansion of his existing role.
Preqin: Sovereign wealth fund assets rise 17% in 18 months to $6.3 trillion
trueAggregate assets managed by a universe of 73 sovereign wealth funds increased 17% to $6.3 trillion as of March 31, up from $5.4 trillion at the start of October 2013, the last time researcher Preqin reviewed this part of the asset owner industry.
Abu Dhabi Investment Authority hires investment department manager
trueSam O'Sullivan was appointed a manager in the investment services department at the Abu Dhabi Investment Authority.
UBS Global Asset Management taps head of EMEA
trueOliver Bilal will join UBS Global Asset Management as head of global asset management for Europe, the Middle East and Africa.
Korea Investment Corp. looking to add overseas offices in Asia, Middle East
trueKorea Investment Corp. is looking to expand its overseas network with offices in Asia and the Middle East.
Illinois Senate to vote on bill to require divestment from companies that boycott Israel
trueThe Illinois Senate is scheduled to vote on a bill March 24 that would require the five state-funded retirement systems to divest investment holdings in companies that boycott Israel.
BlackRock hires head of EMEA hedge fund strategies
trueLuke Dixon joined BlackRock as head of Europe, Middle East and Africa hedge fund investment strategies.
Neuberger Berman hires head of Middle East and North Africa
trueJahangir Aka was appointed head of Middle East and North Africa at Neuberger Berman.
Caisse, Claridge set up joint venture to invest in Israeli technology
trueCaisse de Depot et Placement du Quebec and Claridge, the family investment office of the Bronfman family, are creating a joint venture to invest in Israel’s civil technology.
Falling oil prices worry institutional investors
truePension fund executives, money managers and consultants are keeping a close eye on the potential downward pressure on financial markets and institutional portfolios due to recent sharp falls in the oil price.