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The Daily Brief

Today's institutional investment news of note...

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  • Kazakh President Nazarbayev haspublicly firedthe head of the country’s sovereign wealth fund Timur Kulibayev. This isabsolutely remarkable: 1) He was only appointed inApril; 2) He is a titan of Kazakh industry and a billionaire; and 3) he’s married to President Nazarbayev’s daughter; i.e., Nazarbayev just fired his son-in-law! It will be very interesting to get more details on this.

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