💰SWF – Sovereign Wealth Fund
Aberdeen Standard Cleared To Serve Chinese Institutional Investors
The U.K.-based Aberdeen Standard Investments, a unit of Standard Life Aberdeen plc, has announced that its wholly foreign-owned subsidiary based out of Shanghai has successfully registered with the Asset Management Association of China (AMAC) as a private securities investment fund manager.
With this final regulatory hurdle now behind them, Aberdeen Asset Management (Shanghai) Co. can now begin to offer its services to qualified institutional investors in mainland China.
As of June 30, 2017, Aberdeen Standard Investments has 5% of its assets under management base in the Asia-Pacific Region, versus 73% in the U.K. and 13% Europe ex-UK, according to company documents.
Joint Russia-Japan Investment Fund Makes US$ 170 Million in Initial Investments.
The Russia-Japan Investment Fund (RJIF), a joint venture fund between the Russian Direct Investment Fund (RDIF) and the Japan Bank for International Cooperation (JBIC), has made its first transactions, investing some 10 billion rubles (US$ 169.4 million) in several Russian enterprises in the energy infrastructure and pharmaceutical industries.
The transactions – which were carried out jointly with an unidentified Japanese corporate sponsor – are expected to close by the end of 2017, according to an RDIF press release.