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The Daily Brief

Today's news: - Mubadala takes a page out of Michael Jackson's playbook. - Norway is topping up its SWF. - PNG will deposit $30 billion (!) in its new SWF. - David Denison retires from the CPPIB. And lots more...

Here now, the news:

  • Mubadala takes a page out of Michael Jackson's investment playbook. For real.
  • $63 million: That's what Norway will give to its SWF every day starting in March.
  • PNG will deposit a whopping $30 billion (!) into its new SWF. That's amazing.  
  • The IMF likes Nigeria’s new SWF. However, it wants the new Infra fund to be integrated into the budget, which is probably wise. 
  • David Denison retires from the CPPIB and Mark Wiseman takes over.    
  • Talal Al Zain apparently resigned from Mumtalakat due to a lack of deal making. Maybe it’s no fun trying salvage Gulf Air... 
  • GIC is seeding new managers. And, apparently, it's seeding folks from within GIC. When you think about it, it's probably a good way to spot rising stars. GIC is a huge organization that undoubtedly has one or two employees worthy of seeding in any given year.

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