Welcome to the weekend. Heres some news for your reading enjoyment:
- Sustainability: Cal Regents has unveiled a seven-part plan for sustainability, including a $1 billion(!) allocation to invest in sustainable industries. Wow. That, my friends, is the way you do it... thats how you debate.
- Selfie: Greed and short-termism are undermining capitalism. But theres a new hope...
- PR: GhanaWeb says Ghanas SWF was hailed at an international conference by... a Ghanian minister. Great stuff. Kudos on this.
- It just got real: The Swedish Buffer fund reorganization is now having real world impacts: Gustaf Hagerud has officially left Ap3.
- The Fee Machine I: The State of Wisconsin Investment Board is working to ...address the issues of private equity fees that may be hidden from investors and the invisible shifting of expenses from advisors to investors. May the force be with you, SWIB!
- The Fee Machine II: Ironic that Canadians are going crazy about the investment fees at a pension fund that has perhaps fought hardest to reduce em.
- Peer-investing II: Norways SWF has bought a $390 million San Francisco office building alongside TIAA-CREF.
- Peer investing III: Heres a nice review of the co-investments that ADIA, NZSF and AIMCo did as part of the Innovation Alliance.
- Humans resourced: Malaysias $30 billion KWAP, the countrys second-largest retirement fund, appointed Nik Amlizan as new CIO. Shell take over immediately.
- Risk on! Swedens AP1 is upping its risk budget; not because they want to but because they have to in order to meet future obligations. Sigh.
- Collaboration: Omans SWF has partnered with Shell to invest in gas field technology company.
- Restructuring: Kazakhstans Samruk-Kazyna National Welfare Fund will formally kick off its transformation soon.
- Deals: Singapores Temasek has been very active this past year $14 billion in deals and plans to continue this pace in the year ahead.
Have a great weekend!