Hello, Tokyo. Have I got some news for you!

• The UN is calling on SWFs to invest Africa. And I'm calling on the UN to actually help facilitate said SWF investment in Africa. You know, like these guys.
• Apropos, Norway's SWF is in fact looking to put more money to work in Africa.
• The QIA has "much more" than $100 billion.
• The Alaska Permanent Fund returned 6.9% for its third quarter. Nice work.
• Shock: State politicians finally starting to see the cost savings associated with in-sourcing asset management. Basic math skills are apparently improving.