Reuters (February 1)
“Socialist President Nicolas Maduro is under intense pressure to step down, with Venezuela in deep economic crisis and the government facing widespread international condemnation for elections last year seen as fraudulent.” It appears he is making plans “to sell 29 tonnes of gold held in Caracas to the United Arab Emirates by February in order to provide liquidity for imports of basic goods.”
Tags: Basic goods, Condemnation, Crisis, Elections, Gold, Imports, Liquidity, Maduro, Pressure, Socialist, UAE, Venezuela
Institutional Investor (January 31)
“The outsourced chief investment officer business is having a renaissance. OCIOs were once mainly the domain of sleepy corporate pension plans looking to offload the hassles of portfolio management. Now, outsourcers are running money across the institutional gamut. No in-house CIO running less than a few billion dollars is safe.”
