Weekend Giant Reading: September 13 — 14, 2014

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

- New SWFs:Kenyaisapparentlyfast tracking the establishment of its “National Sovereign Wealth Fund.”

- Sustainability:Cal Regents has unveiled a seven-part plan for sustainability, including a $10亿年(!) allocation to invest in sustainable industries. Wow. That, my friends, isthe way you do it... that’s how you debate.

- Selfie:Greed and short-termism are undermining capitalism. But there’sa new hope...

- Office Work:TheCanada Pension Plan Investment Boardplans to open anIndia office.

- PR:GhanaWeb says Ghana’s SWF was hailed at an international conference by... aGhanian minister. Great stuff. Kudos on this.

- It just got real:The Swedish Buffer fund reorganization is now having real world impacts: Gustaf Hagerud hasofficiallyleft Ap3.

- The Fee Machine I:TheState of Wisconsin Investment Boardis working to “...address the issues of private equity fees that may be hidden from investors and the ‘invisible’ shifting of expenses from advisors to investors.” May the force be with you,SWIB!

- The Fee Machine II:Ironic that Canadians aregoing crazyabout the investment fees at a pension fund that has perhaps fought hardest to reduce ‘em.

- Peer-investing I:Three Giants — Singpore’s GIC, PSP Investments andOntario Teachers’ Pension Plan— team up toinvest $700 million in XPO Logistics.

- Peer-investing II:Norway’s SWF has bought a$390 millionSan Francisco office building alongside TIAA-CREF.

- Peer investing III:Here’sa nice reviewof the co-investments that ADIA, NZSF and AIMCo did as part of the Innovation Alliance.

- Humans resourced:Malaysia’s $30 billion KWAP, the country’s second-largest retirement fund, appointed Nik Amlizan asnew CIO. She’ll take over immediately.

- Risk on!瑞典的AP1是uppingits risk budget; not because they want to but because they have to in order to meet future obligations. Sigh.

- Collaboration:Oman’s SWF haspartneredwith Shell to invest in gas field technology company.

- Restructuring:Kazakhstan’s Samruk-Kazyna National Welfare Fund will formally kick off its “transformation” soon.

- Deals:Singapore’s Temasek has been very active this past year —$14 billionin deals — and plans to continue this pace in the year ahead.

Have a great weekend!