Weekend Giant Reading: December 12

Mark Wiseman, president and chief executive officer of Canada Pension Plan Investment Board — Mark Wiseman, president and chief executive officer of the Canada Pension Plan Investment Board, smiles in an undated photograph made available to the media on Monday July 30, 2012. Canada Pension Plan Investment Board is Canada’s second-biggest public pension manager. Source: Canada Pension Plan Investment Board via Bloomberg EDITOR’S NOTE: NO SALES. EDITORIAL USE ONLY

From rain drenched Stanford University, here now... the news:

- Existential Headsplosion: In which the CEO of the Canada Pension Plan says... “We’re not a pension plan.”

- Groucho Marx: How LPs think about venture capital and private equity today: “I don’t want to belong to any GP that will accept me as an LP.”

- New SWFs: British Columbia is sticking with its plans and projection for an eventual $100 billion SWF from the LNG industry.

- Well Played: The thing to do when your PE program continues to underperform is... to change the benchmark. The management team is obviously killing it.

- Hotel, Motel, Holiday Inn: Angola’s sovereign wealth fund will make a $500 million bet on the future of sub-saharan hotels.

Weekend Giant Reading: December 12 — 14, 2014

From rain drenched Stanford University, here now... the news.