Here are the top stories from today:
- The China Investment Corporation has put $485 million into satellite operator Eutelsat.
- The National Pension Service of Korea has officially opened its new London office.
- The Kuwait Investment Authority has committed $500 million to co-investments alongside the Russian Direct Investment Fund.
- The Alaska Permanent Fund Corporation has seeded Mariner to launch a new seeding business. Confused? Read this.
- American investors are apparently starting to take Sub-Saharan Africa seriously, as Bain, Carlyle, and others are raising funds to invest in the region.
- The Government of Pakistan and the Brunei Investment Agency continue to build regional financial services companies together.
- Eike Batista is apparently selling 49% of AUX to the Qatar Investment Authority for about $2 billion.
And here are some interesting things to read over the weekend:
- This short newsletter – which I helped the Pacific Pension Institute produce – entitled “(R)Evolutions in Risk Management” is quite cool, as we’ve managed to convince some big-shots to weigh in on a variety of important issues, including AIMCo’s Jagdeep Baccher, PSP’s Gordon Fyfe, WSIB’s Theresa Whitmarsh, AusSuper’s Mark Delaney, and BCIMC’s Bryan Thomson .
- This Callan report is also quite interesting, as it offers some useful background and perspectives on portfolio construction using risk factors.
- And this longish story on the Future Fund's unique approach to institutional investment is well worth a gander. Very interesting focus on culture and keeping investment teams small.