It’s Thanksgiving weekend here in the US of A, which means Avenue of Giants will be closed until Monday. Until then, here’s some reading material. First, the news:
- New SWFs I: Once again, Scotland is talking about how awesome it would be if they had their own SWF – the "Scottish Energy Fund".
- New SWFs II: The World Bank is encouraging Zimbabwe to develop a robust accountability framework for its newly-approved SWF. I’ll ditto that.
- Musical Chairs: As part of a reorganization, CPPIB's CFO and COO have decided to switch jobs, which... let’s be honest... is a bit odd.
- Bad Debts: Norway's NBIM and Singapore's Temasek are invested in China's Cinda Asset Management Corp, the "bad debt manager".
- Hot Models: The Alaska Permanent Fund is becoming a real estate role model for other SWFs.
- The Law: ADIA will finally get to sue Citigroup. Congrats?
- SDFs: Malaysia's Khazanah continues to launch new local development initiatives through its wholly owned MTDC. Interesting.
- Equality: OTPP and BCIMC continue to work to advance gender equality on corporate Boards. I endorse.
- Benchmarking:Preventing investors from doing what's smart and right. Sigh.
- AoG: Sign up for the email here. You'll be glad you did: 50% of the time, it works every time...
Second, here’s some research:
- SWF Update: EsadeGEO has released its 2013 Sovereign Wealth Funds Annual Report, and it’s full of interesting information and info-graphics about SWFs. For example, did you know that there are currently 21 countries considering launching a new SWF? There are.
- Infrastructure: Deloitte has released a rather interesting report detailing the findings of a survey of infrastructure investors. This report, again, is full of interesting info. Read it.
Have a great long weekend!