Weekend Giant Reading, August 2 — 3, 2014

Welcome to the weekend. Here's some news for your reading enjoyment:

- Sanctions:The new sanctions against Russia will not affect RDIF,according to RDIF.

- LP to GP:Nigeria's SWFis becomingthe asset manager of choice for local government agencies.

- Innovation:The Future Fund of Australiais completely rethinkingthe way it compensates (and uses) managers in infrastructure. Fascinating.

- USA SWFs:Paul Rose blows minds withthis chartlisting all SWFs in the United States. The oldest was set up in... 1817! The total number of American SWFs? 21!

- Selfie:If you're really going to go down the divestment path for fossil fuels,at least do it right.

- Create Destruction:The top 12 VCs are startingto take finance seriously.(Here's aroad mapon where they should focus.)

- India I:APGjust launcheda $1 billion infrastructure joint venture for Indian roads ports, airports, power plants, etc.

- India II:Temasek is alsobullish on India,with 4 percent of its total portfolio there and a plan to do a lot more in the country in the year ahead.

- The Fee Machine:Sure the Rhode Island pension fund has a sound reason forhiding hedge fees…这声音是笑HF execs.

- New SWFs:The IMFthinks it’d be smartfor Macau to set up a SWF. Macau thinks... meh.

- Emerging Market:Singapore's GIC deployed hundreds of millions of dollarsdirectly into PE opportunitiesin the Philippines.

- Sold:Temasek Holdingsdivested its entire stakein New China Life Insurance for $276 million.

- Jack of all Trades:Kazakhstan's new National Investment Corpneeds a single consultantto help it do, well, almost everything. Takers?

- Real Estate I:Norway's NBIMjust boughtLe Madeleine building in Paris for 426 million euros from Blackrock.

- Real Estate II:Norway's NBIMis buying uptop real estate in Boston.

- Real Estate III:Will Norway's SWF, which owns 1 percent of global public stocks, soon own 1 percent of prime RE? It seems to be on its way!

- Real Estate IV:South Korea's National Pension Servicewill invest ~$800 millionin Polish real estate.

Have a great weekend!