Were back up and running after the holidays. Heres what we missed:
- Picks & Shovels: If you cant stomach investing money in Uber or Square at current valuations, perhaps you can help them part with some of the money others have invested? Apropos, the Canada Pension Plan is their new landlord.
- Entreprenerds: Universities are trying to better leverage some of the economic value they inevitably create through the creation of new venture funds. Good luck to them; success will be about governance more than anything else.
- Rainy Days: The line for handouts outside Russias National Welfare Fund is now all the way down the street.
- Brain Bomb: The boss of the biggest pension on earth will earn less than a typical investment banking associate. Sigh. People, if you pay peanuts, you get...the point.
- The Fee Machine I: The SEC is now investigating the expenses GPs incur while wooing SWF clients. Will they find the bribes they are looking for?
- The Fee Machine II: At TPG, investment clients are effectively paying twice for a partners time.
- Aging Too Gracefully: Youre going to live longer, which is, apparently, a bad thing...at least for those paying your pension.
- The Law:Towers Watson is being sued by one of the UKs largest pension funds for more than £47 million.
- Permanent Capital Vehicles: LPs see them as EVERgreen, while GPs see them as everGREEN. Theyre both right.
- New SWFs: Mexicos new SWF, the Oil Fund for Stabilization and Development, is officially up and running.
- New SDFs: Irelands NTMA will finalize a strategy for the new Strategic Investment Fund early in 2015.
- Research: What have large pension funds been up to over the past year? A few interesting answers from the OECD.
Have a great weekend!