Correction to BlackRock story of 25.11.08

The lead story in the Tuesday, November 25 edition of I&T News incorrectly identified nine reduncancies at BlackRock Investment Management’s marketing team.

There has in fact been just one redundancy from that team, and a further nine from other parts of the business including the direct and A-REIT property teams.

I&T News apologises to BlackRock Investment Management for this error and the inconvenience it caused. 

 

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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