This content is from: Corner Office
Weekend Giant Reading: August 19 – 21, 2016
We’re back! Without further ado, here are the big stories from the past month or so.

Were back! After chasing two small humans around a hot-lava-emitting island for ten days, the AoG team is exhausted and needs to get back to work so it can finally get some rest. Without further ado, here are the big stories from the past month or so:
- Goodish Governance: Libyas sovereign fund has reportedly lost one of its two competing Chairmen, which has left many people concerned that the Libyan Investment Authority may finally stop being dysfunctional.
- New PE Research: According to some new research, private equity performance, on a risk adjusted basis, sucks.
- The Fee Machine: 31% of private equity deals are sold from one PE GP to another PE GP. And for LPs, that means fees upon fees upon fees upon fees upon fees. . . You get the point.
- The Fee Machine:Yale, MIT, and NYU are facing litigation over excessive fees in their employee retirement plans. If youre an asset owner that isnt taking the fee and cost issue seriously, youre in for a rude awakening.
- Development Funds: The Nigerian Sovereign Investment Authority continues to help attract big-time investors into the country most recently launching a partnership with Old Mutual to co-invest $700 million in real estate and agriculture development projects.
- New SWFs I: Saudi Arabia will reportedly launch a $1.1 billion fund to help foster its venture capital industry and support entrepreneurs.
- New SWFs II: Plans for a $10 billion+ Turkey Wealth Fund are part of the countrys plans to sooth markets after the failed coup.
- Sigh I: The dude who helped orchestrate the IMDB fraud has been arrested in Abu Dhabi.
- Sigh II: Theres ANOTHER sovereign fund thats been implicated in a $1B embezzlement/fraud. First, 1MDB. Now . . . RAK Investment Authority. Whats with the UAE?
- Selfie: I apparently had way too much to drink and then wrote a Wizard of Oz inspired speech for a magazine. Lord.