Here now, the news:
- Heres why I do what I do:
"Compensation is up and performance is down at hedge funds."
Yes. That is insane.
- An increasingly unfriendly West is reportedly pushing
the China Investment Corporation to
look East for assets to invest in.
- Norway's Government Pension Fund -
Global has developed a new rainforest
policy for its portfolio companies.
- France's Strategic Investment Fund
would consider co-investing alongside the
Libyan Investment Authority in Petroplus'
plant in Normandy.
- Polands richest man and the Qatar Investment
Authority are backing a new $700 million company to
invest in African and South American minerals.
- "Many institutional investors... are failing to
act in their own best interests, exhibiting behaviour at odds
with their stated goals." Yes, Id noticed.
- After GM's liability buyout with Pru, other pensions may
get some good deals on GM's illiquid assets... like this
- The New Zealand Superannuation
Funds strategic tilting policy seems to be
working out rather well. What's tilting, you ask? Think macro
bets and portfolio rebalancing on steroids.
- Retirement planning is now "...a luxury some
sub-Saharan African nations feel they can and
should afford." Cool.
- Here's the CEO of Mumtalakat on his
fund's foreign investment strategy: "When we invest
internationally, we always have our eye on
- Of the 700 or so venture capital firms registered to do
business in the US, only fifty have any real chance of persistent
- Heres some interesting
insights from the Canada Pension Plan
Investment Boards CEO: "What we try to
do is exploit the areas where we have comparative advantages,
and that tends to be in larger transactions, in transactions
where the value creation will play out over a long period of
time, and in transactions that are occasionally complex in
nature... We've now built a team with high capabilities that
can transact globally and in complex large-scale