This content is from: Corner Office

Weekend Giant Reading: July 8 - 10, 2016

Welcome to the weekend, everybody. Here are the top stories from this past week down on the Avenue of Giants.

Welcome to the weekend, everybody. Here are the top stories from this past week down on the Avenue of Giants:

- Buffering: Russia’s massive sovereign fund will, by 2017, be entirely depleted. Wow.

- Board to Death: Bad pension fund governance, according to new research, leads to bad returns. Conversely, then, good governance leads to good returns. So we all should start taking pension fund governance seriously!

- Greenfield of Dreams: In Canada, politicians have made an important realization about infrastructure: If you de-risk it, investors will come.

- Ouch:Temasek lost 9 percent last year, which, given that Temasek is widely seen as one of the best investors on the planet, suggests to me we’re going to see a lot of bad performance numbers this year among the Giants.

- Putin-Approved: The Russian Direct Investment Fund is backing Elon Musk’s Hyperloop idea. Of course it is.

- The Fee Machine I: Sneaky private equity firms have, apparently, succeeded in weakening California’s new fee transparency law so as to allow ongoing sneaky fees by said private equity firms.

- The Fee Machine II: The State of Wisconsin Investment Board is about to get serious on fees, which is awesome. Kudos.

- God’s Work: Goldman is under investigation for its role in the Malaysia’s 1MDB shenanigans.

- Bridge & Tunnel Crowd: The Abu Dhabi Investment Authority is the single biggest global infrastructure investor by a factor of two.

Have a great weekend.

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