Weekend Giant Reading: October 30 – November 1, 2015

Welcome to the weekend, everybody. Here’s the latest news for your reading enjoyment.


Welcome to the weekend, everybody. Here’s the latest news for your reading enjoyment:

- Liquidity: Perhaps the best performing pension fund in Europe is reshaping its portfolio for a looming liquidity crunch. Here. We. Go.

- It’s Raining: And sovereign wealth funds are, as anticipated, the umbrellas. Here’s hoping the umbrella outlasts the rain!

- It’s Pouring: Russia’s Reserve Fund, which had about $90 billion in 2014, will apparently find itself, in 2016, empty.

- Shocking: The chief executive of the Global CFA Society shocked the world of finance this week by asking the investment industry to . . . wait for it . . . put clients’ needs first and cultivate more diversity. Who does this guy think he is?

- Offshoring: The Canada Pension Plan Investment Board has opened an office in Mumbai to source investment opportunities in India.

- New SWF: Zambia is figuring out the operational details of running its new SWF.

- Cruisin’: The China Investment Corp is going long . . . cruises. (This story brought to you by Smokey Robinson.)

- System Redesign: Cutting the number of AP funds is a terrible idea, according to the AP funds.

- The Fee Machine: You know what happens when a pension fund realizes just how much of the value private equity GPs take? They do it themselves.

- Infrastructure: Nigeria is hoping to set up a $25 billion infrastructure and energy fund with domestic and international pensions and sovereign funds as investors.

Have a great weekend!