The Daily Brief

Today’s institutional investment news of note...

This just in:

  • Kazakh President Nazarbayev has publicly fired the head of the country’s sovereign wealth fund Timur Kulibayev. This is absolutely remarkable: 1) He was only appointed in April; 2) He is a titan of Kazakh industry and a billionaire; and 3) he’s married to President Nazarbayev’s daughter; i.e., Nazarbayev just fired his son-in-law! It will be very interesting to get more details on this.

In other news: