The Institutionalization of Retail Part Two: A Webinar Series from P&I Content Solutions and Chestnut Advisory Group, Carving out fresh opportunities: Don’t let cash drag you down, POLL: Money managers' priority in Asia-Pacific region, POLL: Retirement issues in the presidential election, POLL: The effect of U.S.-China tension on investments, Defined Contribution Spring Virtual Series, Pandemic could hit some Middle East funds even harder, 20 largest asset owners hold bulk of top 100's capital, research indicates, Q&A: An analyst's eye view of the risks ahead for plan sponsors, John Hancock 2020 Financial stress survey. Tenth Floor Legal proceedings in London were initiated after the dismissal of two executives in January for alleged serious misconduct. 685 Third Avenue Kuwait’s sovereign wealth fund fights legal battle against sacked leaders. The case is part of a larger dispute between the $ 600 billion sovereign wealth fund and a number of former employees, which began during a period of upheaval after Saleh Al-Ateeqi, a former McKinsey associate who formerly worked for Tony Blair, was appointed Chairman of the Kuwait Investment Bureau in April 2018. Rolls-Royce raising £5b, ends talks with GIC and Kuwait fund Thu, Oct 01, 2020 - 4:53 PM Rolls-Royce plans to raise a total of £5 billion (S$8.80 billion), including £2 billion from shareholders, to rebuild its balance sheet as the coronavirus travel crisis wreaks havoc on the British engine maker's cashflow. The fund alleges that Simon Hard, who oversaw fixed income at its London branch, and two other managers "blew the whole budget" by raising salaries and bonuses while a senior executive was away. The fund manages the OPEC member's General Reserves Fund and Future Generations Fund, the latter designed as a buffer for when its oil reserves run out. The Kuwait fund, which started as a Bank of England account dedicated to receiving oil money in 1953, now has assets of $534 billion, according to the Sovereign Wealth Fund Institute. A labor court hearing on KIO state immunity is tentatively scheduled for September and various preliminary procedural issues have been contested. Caroline Taylor, head of human resources, who had been at KIO since 2008, was fired two months later for alleged misconduct. St Martins Property Group has operations in the United Kingdom, Continental Europe … Kuwait Investment Authority, the world’s oldest sovereign fund, is perhaps the most mysterious of all. Q&A: An analyst’s eye view of the risks ahead for plan sponsors, Commentary: Straw man critiques don’t hold up in face of real world success, Commentary: What the asset management industry must do to bolster diversity, Even as it assails China, Trump administration emulates it, Skeptical of Main Street support for proxy adviser proposal, Focus on manager diversity pushes asset owners’ to walk the talk, Taking a passive approach to the hedge-fund universe, For institutional investors, ETFs can make meeting liquidity needs easier, Help us help you by supporting quality journalism, After the election is settled, big issues await. Adam Solomon, an attorney for the fund, said it was alerted in the middle of last year to the alleged misconduct by the country's State Audit Bureau, which raised "serious concerns" about the pay increases in London. New York, NY 10017-4036, Chicago Office Commentary: COVID-19 – change booster or one-off for emerging markets? 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