The Daily Brief

Today’s news: - 90% of SWFs that invest in infrastructure do so on a direct basis. - Norway sells Euro-area bonds and is interested in the ME. - The Kuwait Investment Authority is sponsoring MBAs. - SOFAZ to grow quickly. And much, much more...

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Here now, the news:

  • 90% of SWFs that invest in infrastructure do so on a direct basis. That’s a shockingly high statistic, me thinks – it underscores the bewildering array of agency problems with infrastructure funds.

  • Norway SWF is apparently looking to allocate more capital to Middle East.

  • My Arabic readers tell me that this news story says the Kuwait Investment Authority is providing scholarships for 20 Kuwaitis to get MBAs at top universities around the world. Cool.

  • Blackstone may win another big commitment -- this time from Calpers.

  • India will finally decide -- this week apparently -- whether it will actually set up a new SWF. (Seeing is believing)

  • SOFAZ expects to have roughly $180 billion in ten years time (up from $30 billion).

  • Norway’s SWF sells down Euro debt.

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