The Daily Brief

Ashby Monk

  • The CIC is reportedly interested in a stake in Rosneft’s privatization in 2012.
  • Japan’s GPIF has been steadily moving into domestic and international equities (and out of fixed income) this year.
  • It’s not looking good for Nigeria’s new SWF.
  • CalPERS CIO Joe Dear has strong views about Occupy Wall Street: ‘People are waking up to the fact that the game appears to be rigged.’
  • The Canadian Province of Saskatchewan is planning a new SWF.
  • The new “300 Club” Chairman (and Hermes CIO) Saker Nusseibeh had some strong (and kinda awesome) remarks about the global investment industry:
    • “…we know that a lot of the so-called theory that people use to invest is over complicated, is either misunderstood, misapplied or plain wrong.”
    • “There’s too much complexity in the way that people invest and actually that has in our view been part of the reason that led up to the crash of 2008 and part of the reason why we are where we are now.”
    • “…the industry has gone to a place now where it sells products to people rather than gives true advice.”
    • “Let’s get away from this feeling that if things are complicated (pseudo science), we will somehow get a better return with less risk that we would otherwise…it’s economically nonsense.”

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This website is a project of Professor Gordon L. Clark and Dr. Ashby Monk of the School of Geography and the Environment at the University of Oxford. Their research on sovereign wealth funds is funded by the Leverhulme Trust and The Rotman International Centre for Pension Management.

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