Welcome to the weekend! Here’s some news for your reading enjoyment:
- Governance Tip: How can public pension funds keep private equity talent for less than $200k per year? It’s simple. They can’t.
- Hostilities: The Qatar Investment Authority’s “hostile bid” for Songbird and Canary Wharf is likely to be rejected...again.
- Government Ventures I: China is launching a new government venture capital fund with $6.5 billion to support start-ups in emerging industries.
- Government Ventures II: Ireland is pulling together a new €85 million venture fund for life sciences.
- Trains: The China Investment Corporation is investing in Russian railways; specifically Moscow-Kazan, which could be the first step in a Moscow-Beijing high-speed rail route.
- The Fee Machine: “With hedge funds, you’re certain of the high costs but uncertain about the return...,” says the latest big pension to divest from the asset class.
- Selfie: Investors need to take their own innovation far more seriously than they have been. It’ll start with two little letters.
- Geographic Expansion: South Korea’s NPS will open its third overseas office in Singapore. (Here’s more information than you probably want on why Giants are expanding overseas.)
- Filling Buckets? The Canada Pension Plan Investment Board is putting $234 million into Chinese real estate developments.
- AuM: Clunky pension contribution rules mean that the increase in private placements in China is limiting inflows into National Social Security Fund.
Have a great weekend!
