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What Broke Sweden? Real Estate Bust Exposes Big Divide

A half-finished bridge designed to connect two Stockholm neighborhoods has come to epitomize the seismic change Sweden is going through. On one side, an affluent neighborhood that's part of one of Stockholm's oldest suburbs, on the other, an enclave of 1970s-era public housing blocks with a dense population of migrants and a reputation as a…
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EPFO stops pension payouts to section of pensioners

Even as the Employees’ Provident Fund Organisation is implementing a higher pension option for its members, it has stopped making monthly pension payments to a section of its existing pensioners and served them with show cause notices that includes a demand to recover past “excess pension payments”. These pensioners say the EPFO has stopped…
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People: Johnny Lu Shao Joins CPE in Shanghai – Mingtiandi

Top level moves at European and Asian fund managers lead this week’s list of personnel changes from around Asia Pacific with a Gaw Capital veteran taking on a new role with a CITIC affiliate, DWS naming new regional leadership and Mapletree Industrial Trust adding a top executive from a regional sovereign fund to its board. Johnny Lu Shao has…
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