Here it is: your weekend reading:
- The End is Nigh: Australia’s Future Fund is building up its cash reserves in advance of “volatility.”
- Cue The Ice Water: KKR pretended its fee refund to LPs was their generous idea ... until the SEC told its LPs it wasn’t. Splash!
- Divestment: Norway’s SWF removed 32 coal mining companies from its portfolio in 2014 due to ethical concerns.
- Dealflow: Singapore’s GIC just made a $800 million bet on a TV ratings and consumer analytics company ... founded in 1923.
- Courage: Temasek, a sovereign wealth fund, is now leading growth venture rounds in Indian technology companies.
- The Fee Machine: Much, much more of this, please.
- Fines: S&P owes public pension funds hundreds of millions of dollars for not coming even close to doing its job.
- Collaboration: Italy is hosting the next IFSWF annual meeting in Milan. And, I know what you’re thinking, Italy does in fact have a sovereign wealth fund ... of sorts.
- AuM: China has three major sovereign funds ... the smallest of which now has $240 billion in AUM.
- Infrastructure: Canada Pension Plan took a 25 percent stake in an Australian toll-road project.
- Selfie: If you’re going to do private equity, here’s how you should think about doing it.
Have a great weekend!
