Your morning news:
- This just in: The CIC will be split into two new companies. (Maybe)
- SWFs are apparently driving private equity fees down. Gasp. PE shops may be forced to charge fees that are somehow related to actual management costs!
- Texas Teachers is moving 6% of assets into the hands of KKR and Apollo.
- Jin Liqun explains why the CIC will NOT bail out europe. Basically he says ‘We’re commercial and financial. And we’re not crazy.’
- Bill Gates is still pushing sovereign funds to help overcome infrastructure deficits in developing economies.
- Alaska tries to understand how Norway got a $600 billion SWF.
- Sweden’s AP6 will apparently refocus towards venture investments in later stage companies.
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