It’s the weekend, which means I’ve found some interesting stories for your reading enjoyment:
- Direct Investing: The Korea Investment Corporation has reported some rather low returns for its relatively new direct investing program; suggests the poor performance may be due to the fact that it didn’t know what it was doing...
- The Green Machine: Sweden’s AP2 will cut coal and oil companies to reduce the financial risks of climate change.
- The Fee Machine: “Fees are not trade secrets”, says someone who is clearly new to private equity...
- Breakups: Dear Goldman Sachs and Libya Investment Authority: Thanks for the memories.
- Venture Capital: This VC behavior could be problematic: “I’m just so interested in anything that gets me closer to an Iron Man suit.”
- Alignment: Without admitting wrongdoing in the bid-rigging scandal, Carlyle kind of admitted wrongdoing in the bid-rigging scandal by agreeing to pay a settlement of $115 million. Justice served? As it turns out, Carlyle isn’t paying anything. Its LPs are paying...
Have a great weekend!