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Weekend Giant Reading: December 5 — 7
Hello from the surprisingly lovely Mexico City. I’m now headed home for a the weekend. For those looking for some reading, here you go.
Hello from the surprisingly lovely Mexico City. I’m now headed home for a the weekend. For those looking for some reading, here you go:
- Growth Companies:The Qatar Investment Authority isparticipatingin the Uber fundraise. It’s increasingly common for SWFs to get into growth companies.
- HR Bingo:The QIA has a new CEO! AndSheikh Abdullah bin Mohamed bin Saud al-Thaniwas his name-o.
- Selfie:我在找哪里catalyststo change the investment business.
- The Law:The 5 words keeping Och Ziff up at night:US Foreign Corrupt Practices Act. And the Libyan soap opera continues.
- Divestment Diss:According the highly ethical sovereign fund in Norway,divestmentfrom fossil fuels is largely pointless for the fund and the climate.
- Reorganization:As CPPIB has grown in terms of people and complexity, it’s now decided to undertakea broad reorganization of internal reporting.
- Pension Consolidation:The London Pensions Fund Authority and the Lancashire County Pension Fund havejoined forcesin a first step towards a major UK SWF.
- Misaligned:CalSTRS is pissed about private equity GPspassing their fineson to LPs to pay.
- Bailouts:The Russian sovereign fund has bailed out Gazprombank to the tune of$770 million.
- New SDFs:Apparently the EU will soon have its ownStrategic Investment Fundto catalyze EU industries.
- Priorities:The State of Massachusetts has agreed to give a raise to theCEO of the state’s pension. It seems nature given he largely holds the state’s financial health in his hand. His new salary will be about 50% of what the State pays the public university football coach.
- Agent Based Models:The US Office of Financial Research’s 2014annual reporthas an interesting review of Agent Based Models in risk management on p74. Worth a gander.
Have a great weekend!