💰SWF – Sovereign Wealth Fund
CPPIB Snaps up Troubled Portfolio from Banco Sabadell
Banco de Sabadell, S.A. (Banco Sabadell or Banc Sabadell) sold a troubled loan portfolio worth €800 million in real estate assets to Canada Pension Plan Investment Board (CPPIB) for roughly €200 million.
https://www.swfinstitute.org/swf-news/cppib-snaps-up-troubled-portfolio-from-banco-sabadell/
Shanda Asset Appears to be Done with Legg Mason.
Legg Mason, Inc. owns a number of firms in the investment management industry including, ClearBridge Investments, Martin Currie, Western Asset Management, Clarion Partners, RARE Infrastructure, QS Investors and Brandywine Global.
Shanda Asset Management Sells Shares Back to Legg Mason
Legg Mason reached a deal with Singapore-based Shanda Asset Management Investment Limited to repurchase the 5,567,653 shares of the Legg Mason’s common stock beneficially owned by Shanda Asset. Legg Mason agreed to repurchase the shares for US$ 40.50 per share in a private transaction – an aggregate purchase of US$ 225.5 million.
https://www.swfinstitute.org/swf-news/shanda-asset-appears-to-be-done-with-legg-mason/