Weekend Giant Reading, April 12–13, 2014

Here now, the news:

- New SWFs:Kenya hasplansto set up a new SWF (even before oil cash begins to flow).

- Fracking incredible:North Dakota’s Legacy Fund isapproaching$2 billion.

- Governance:Angola's SWF now hasan audit board! Hooray! Huh. Wait. It reports to the chairman? President's son? Oh. Never mind.

- Concentration:Singapore's GIC is buying a single property for $1.3 billion?Big bet!

- AuM:Remember that 'diaspora wealth fund' Rwanda launched in 2012? It raised$30Mfrom Rwandans around the world. And now it's being spent.

-顶级模特:Shanghai looks to Singapore's Temasek asa model to reform Shanghai-base state-owned enterprises.

- Infrastructure I:Saudi Arabia’s Public Investment Fundinvestsin Casablanca port.

- Infrastructure II:FourColombian pension fundsplan to invest $12B or so in domestic infrastructure.

- Strategery:Norwayshowsthat when politicians are in charge of asset allocation, you get a unique mix of short-term logic mixed with long-term bureaucracy...

利比亚:The Libyan Investment Authoritybeginsto come out of the shadows; presents its plans for the future.

- LP to GP:And the latest LP to convert itself into a GP is...Temasek.

- The Fee Machine:Rolls on.

- Real Estate:The State Oil Fund of Azerbaijan (SOFAZ) isbuyingup some prime real estate in South Korea.

- Office Space:Singapore's SWF has launched its10th (!) regional office. This one is in Brazil.

- New SDFs:Ontario may be launching a new $2.5Bsovereign development fund.- Cash: Omantel divestment willresultin $500M transfer to Oman's State General Reserve Fund.

Have a great weekend!