Friday SWFI News Roundup, December 12, 2014

BC LNG Prosperity Fund Comments

The provincial government of British Columbia maintains a belief that its proposed US$ 100 billion LNG prosperity fund is still a possibility. BC Natural Gas Minister Rich Coleman argues that the LNG fund could reach over US$ 100 billion in over 30 years, despite global declines in the price of oil.

Matjila is the New CEO of South Africa’s PIC

South Africa’s US$ 151.3 billion Public Investment Corporation (PIC) has appointed Daniel Matjila as executive director and CEO. Matjila has been chief investment officer of the PIC since 2005. Matjila replaces Elias Masilela who resigned on June 30, 2014.

Russia Fund and India’s IDFC Sign MoU Totaling up to $1 Billion in Commitments

On December 11, the Russian Direct Investment Fund (RDIF) and IDFC Ltd., an Indian infrastructure investor, signed a Memorandum of Understanding (MoU) for US$ 1 billion in joint investments in infrastructure and related industries. Each company will commit up to US$ 500 million in future joint projects.

Head of Equities Leaves Future Fund

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