Welcome to the weekend! Here now, some news for your reading enjoyment:
- Collaboration: Abu Dhabi’s Mubadala and France’s CDC have launched a $300M co-investment vehicle.
- SDFs: Saudi Arabia is seeding a new sovereign development fund for local manufacturing industries with $533 million.
- Series of Tubes: The CPPIB has added to its already sizable stake in a Peruvian pipeline company.
- High Performing Hippies: Wall Street is starting to learn what Silicon Valley knows cold: It sometimes pays to do some real good.
- Agriculture: The CIC has singled out agriculture as an area of interest for the years ahead.
- AuM I: The rapid growth we’ve seen at the State Oil Fund of Azerbaijan, according to the IMF, may be over.
- AuM II: The top 100 US public pensions have $3.2 trillion in AUM. (And if you think that’s impressive, check out their liabilities!)
- Musical Chairs: The Heritage and Stabilization Fund of Trinidad has a new chairman.
- The Law: Police have raided the HQ of Lebanon’s National Social Security Fund as part of an embezzlement investigation. Sigh.
- Innovators: “The Tampa pension fund pretty much breaks all the conventional rules of fund management...” And, as a result, it has been killing it!
- Emerging Markets I: Temasek expects “rural lending” be a major growth driver for its Indian subsidiary, Fullerton India Credit Co.
- Emerging Markets II: ADIA’s in-house equity team says we haven’t yet seen the bottom of EM equity markets.
- Recap: What’s new in the world of institutional investment? A lot actually, here’s a list.
Have a great weekend!
