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CALIFORNIA | LOCAL
December 27, 1995 | EMI ENDO, TIMES STAFF WRITER
Brentwood millionaire Kurt Simon has a snap answer when you ask him why he gives his money away: a passion for individual freedom. The 83-year-old German immigrant and educational film producer awards annual cash grants through his foundation, the Sovereign Fund. Since 1981, Simon and a three-member board of directors have awarded about $200,000 to honor people he deems crusaders for personal freedom and against government restrictions.
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NEWS
March 31, 2010 | Reuters
An emirate sheik who headed one of the world's biggest sovereign wealth funds has been found dead four days after a glider crash in Morocco, state media said Tuesday. Sheik Ahmed bin Zayed al Nahyan, 41, was a younger brother of the ruler of Abu Dhabi, who is also president of the United Arab Emirates. He was ranked No. 27 on the Forbes list of the world's most powerful people last year. His fund, the Abu Dhabi Investment Authority, is believed to have assets of between $500 billion and $700 billion, ranging from Citigroup bonds to a stake in Britain's Gatwick Airport.
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NEWS
March 31, 2010 | Reuters
An emirate sheik who headed one of the world's biggest sovereign wealth funds has been found dead four days after a glider crash in Morocco, state media said Tuesday. Sheik Ahmed bin Zayed al Nahyan, 41, was a younger brother of the ruler of Abu Dhabi, who is also president of the United Arab Emirates. He was ranked No. 27 on the Forbes list of the world's most powerful people last year. His fund, the Abu Dhabi Investment Authority, is believed to have assets of between $500 billion and $700 billion, ranging from Citigroup bonds to a stake in Britain's Gatwick Airport.
CALIFORNIA | LOCAL
December 27, 1995 | EMI ENDO, TIMES STAFF WRITER
Brentwood millionaire Kurt Simon has a snap answer when you ask him why he gives his money away: a passion for individual freedom. The 83-year-old German immigrant and educational film producer awards annual cash grants through his foundation, the Sovereign Fund. Since 1981, Simon and a three-member board of directors have awarded about $200,000 to honor people he deems crusaders for personal freedom and against government restrictions.
SPORTS
January 12, 2013 | By Kevin Baxter
MANCHESTER, England -- Mulligans, hidden on a dark one-way street in the center of England's third-largest metropolis, is typical of many British pubs in that it serves warm beer, hot food and proudly discriminates based on color. In a city fiercely divided between its two soccer teams, Mulligans is a Manchester United bar, all the way down to the large red-and-yellow logo pasted on the door to the bathroom stall. So when two visitors shuffle toward the entrance with the sky blue of rival Manchester City peeking out from beneath heavy winter coats, two beefy bouncers block their way. "No colors, mate!"
CALIFORNIA | LOCAL
February 23, 2008 | Cara Mia DiMassa, Times Staff Writer
The developer of the $2-billion Grand Avenue project announced Friday that a sovereign fund controlled by the royal family of Dubai is investing a significant amount in the Frank Gehry-designed development, which includes residential housing, a five-star hotel and upscale shops and restaurants, all built on publicly owned land. The fund, known as Istithmar, will provide the developer, Related Cos.
BUSINESS
August 22, 2013 | By Roger Vincent
Although the California hotel recovery is in full bloom with rising room rates and occupancy, signs of the bad old days during the last economic downturn were still in evidence as a report showed that one of the state's largest hotel sales of the year was based on a bankruptcy. The government of Singapore's sovereign wealth fund bought the 2,000-acre La Quinta Resort & Club out of bankruptcy in February from New York hedge fund Paulson & Co. and Winthrop Realty Trust of Boston, according to consulting firm Atlas Hospitality Group.
ENTERTAINMENT
January 21, 2013 | By Ben Fritz
In a move that gives more control of the independent film studio to investment firm Colony Capital and its chief Tom Barack, construction magnate Ron Tutor has sold his stake in Miramax. The buyer is the Qatari Investment Authority, the sovereign wealth fund of the Middle Eastern nation and a partner of Colony's, said a knowledgeable person who was not authorized to discuss the topic publicly. The Qatari fund was already the largest stakeholder in Miramax when a consortium of buyers acquired the pioneering independent film company from Walt Disney Co. in 2010 for $663 million.
WORLD
October 24, 2008 | Chris Kraul, Kraul is a Times staff writer.
In the latest sign of China's increasing economic stake and political muscle in Latin America, the Asian giant is joining a Washington-based international bank that finances development projects throughout the region. China's membership in the Inter-American Development Bank, announced Thursday, is expected to increase the nation's profile and influence in a part of the world that historically has been under the sway of the United States.
BUSINESS
January 12, 2008 | From Times Wire Services
Prince Alwaleed bin Talal, the Citigroup Inc. shareholder who came to the bank's rescue during the credit crisis of the early 1990s, might do so again now, the Wall Street Journal reported on its website Friday, citing people familiar with the matter. The Saudi Arabian billionaire and the China Development Bank are expected to invest about $2 billion in Citigroup, one person said in the Journal report. However, the newspaper also said there was a chance the deal could fall apart.
BUSINESS
July 11, 2008 | From the Associated Press
Dow Chemical Co. has agreed to buy rival Rohm & Haas Co. for more than $15 billion in cash in a deal that Dow hopes will fuel its growth in a more lucrative wing of the chemical-making business. "The addition of Rohm & Haas' portfolio is game-changing for Dow," Chairman and Chief Executive Andrew Liveris said Thursday. The $78-a-share deal includes money from a Kuwaiti sovereign wealth fund and Warren Buffett's Berkshire Hathaway Inc.
WORLD
March 28, 2010 | By Borzou Daragahi
Rescuers searched a lake in Morocco on Saturday for the man who oversees one of the world's largest state-owned wealth funds after he disappeared in an air accident. A glider carrying Ahmed bin Zayed al Nahyan, the managing director of the Abu Dhabi Investment Authority, crashed Friday into the lake 20 miles southeast of the Moroccan capital, Rabat, state news agencies reported. The glider's pilot was rescued and is in good condition, the reports said. But the search for Nahyan, whom Forbes named the 27th-most powerful person in the world last year, continued.
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