Mustafa Abdel-Wadood admitted to racketeering and fraud, and has agreed to co-operate with the US probe on the fallen emerging markets firm.
The UK utility's repeat offences that led to a record-breaking fine raises serious questions about how asset managers are held to account.
Indian road developer SIPL will own 10% of the infra investment trust alongside CPPIB, Allianz Capital Partners, OMERS and trust sponsor L&T IDPL.
Key findings from the LP body’s latest best practice guidance.
The firm is set to close a deal to move one asset from its $7bn 2012-vintage Tactical Opportunities Fund into a continuation vehicle.
The two industry superfunds, which both have significant infrastructure commitments, hope to increase returns and lower fees for members.
The guidelines for best practice incorporate several key issues for limited partners, including GP-led secondaries, subscription credit lines and co-investments.
The state-backed entity will commit up to A$100m for investments through Warada Capital, which will also be ‘actively seeking’ funds from other institutional investors.
Solar panels in the state can continue to be installed by trained labourers instead of licensed electricians as state regulations introduced in May would have required.
Barrister Hugo Keith QC says the US government's case is politically motivated due to the threat Abraaj Group and Arif Naqvi represent to US interests.
The fund manager will look to attract institutional capital to invest in the new company, while its management team will hold a ‘significant minority stake,’ a source said.
Going direct is well-suited to infrastructure. But anyone looking to do it will have to tackle tough questions around compensation and transparency.
Industry Super Australia said that its members ‘stand ready to help’ with the transition to renewable energy but called on the government to do more to help create the right conditions for investment.
CIO Angela Miller-May explains why being 52.1% short of its total funding doesn’t stop the Chicago Teachers’ Pension Fund from prioritising investing with diverse managers.
More deregulation and introduction of tax incentives are expected to attract private capital, but risks, including corruption, remain.