I'm currently making my way home from a few days in the Middle East, so I don't plan on doing any reading this weekend whatsover. But for those of you who do... here's some news and some research.
First, here are the top news items of the day:
- Cash: Everybody seems to be competing for Qatar's.
- Oil: Mubadala has been awarded a size-able petroleum exploration block in Indonesia.
- Drugs: Mumtalakat has signed an MOU with Japan's SBI Pharmaceuticals to help kickstart the pharma industry in Bahrain.
- Greenery: CalPERS admits that its green investments have almost universally gone up in smoke: “Just because it’s a good idea doesn’t make it a good investment ... This has been a noble way to lose money.”
- D-Brief: Sign up here to get it in your inbox daily. Do it.
Second, I've rustled up a few papers that look pretty interesting:
- Aniaka Oluchi has put out a new paper entitled, "Infrastructural Development: The Vision of Nigerian Sovereign Wealth Fund". I expect it will offers some useful insights as to how the NSIA is being implemented.
- Aayush Kumar Akhauri, Dhiren Pegu and Prateeti Goyal have a new paper entitled, "Foreign Institutional Investors and Role of SEBI in India." It offers an attempt at explaining the regulatory regime that governs foreign institutional investors in India. It'll be useful for any investors looking seriously at the country.
- David F. Larcker, Allan L. McCall and Brian Tayan have a new paper, "And Then a Miracle Happens!: How Do Proxy Advisory Firms Develop Their Voting Recommendations?" It takes an in-depth look at how proxy advisors come up with their recommendations to institutional investors on how to use their shareholder rights.
Anyway, enjoy your weekend!