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Public Investors’ Tepid Embrace of Emerging Managers

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sovereignwealth_transactionsAllocating capital to emerging managers is time consuming, but the possibility to find new, innovative asset managers is forcing public investors to reassess their current allocation. In some instances, emerging managers are at the forefront of innovative investment vehicles, capitalizing on specific themes, industries or trends. In the last few years, energy funds enjoyed popularity from sovereign wealth funds and public pensions. For example, in early February 2012, the China Investment Corporation (CIC) invested in a minority stake in EIG Global Energy Partners.

Why emerging managers?
Emerging managers tend to be entrepreneurial. With a flat management structure, the absence of bureaucracy enables agility and quick response in regard to organizational and business decisions. In addition, compensation schemes at emerging managers tend to have superior alignment of personal, professional and economic interests.

Public investors must utilize industry contacts, conferences and other channels to access promising managers.

Not all public investors have been triumphant with emerging managers; it has been a learning experience. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Russia-Japan Investment Fund to Back Wood Pellet Production in Russia

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The Russian Far East has a lot of timber, and for that wood pellets is a source of biofuel. A while back, the Russian Direct Investment Fund (RDIF) formed the Russia-Japan Investment Fund (RJIF) with the Japan Bank for International Cooperation (JBIC). RDIF and JBICIG Partners as part of RJIF, together with RFP Group and Japan’s Prospect Co., Ltd. have agreed to collaborate and consider potential investments in Russia’s biofuel industry. JBICIG Partners is a subsidiary of the Japan Bank for International Cooperation.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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RDIF Lures Asian Investors Toward Russian Surgical Robot Project

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The Russian Direct Investment Fund (RDIF) is partnering with a number of unnamed Asian co-investors to allocate capital toward a project to create and manufacture Russian surgical robots. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Oman Infrastructure Investment Fund Near Creation

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The Oman State General Reserve Fund is nearing the formation of the Oman Infrastructure Investment Fund. This fund will raise capital from third-party investors to invest in Oman’s infrastructure and in certain areas of technology.

The fund will also invest in areas of technology in healthcare, specifically in medical equipment. The fund will also explore investing in blockchain technologies.

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