EMAIL DETAILS
SUBJECT:
Sovereign Wealth Funds
PRI: NORMAL
FROM:
D
dmchale@rspinv.com
DATE:
2014-02-03 18:08:15
MSG_ID:
<CAOzG3Ky3jtbQ1Tah_UvhDyP3u9gj9fBMToFe=i5mzAFphJcVUg@mail.gmail.com>
RECIPIENTS:
TO:
E
Eric Schwerin
<eschwerin@rspinv.com>
H
hbiden@rosemontseneca.com
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Eric / Hunter, I've been researching sovereign wealth funds lately in hopes of coming up with a plan to add another large manager (multi-billion dollar fund) to RSPI's platform, without over-relying on the Taft Hartley channel. I think this would provide us additional near term cash flow while increasing the odds of landing a large allocation. Also, similar to Taft Hartley funds, it's a segment of the market where we could have a definable edge. The attached article talks about Norway's need to ramp up their returns away from Oil related investments, and below is a list of the largest sovereign wealth funds as of August. Please let me know if you have any thoughts, Dan http://www.ibtimes.com/norways-sovereign-wealth-fund-top-15-around-world-14020031. Norway (Government Pension Fund Global) $737.2 billion 2. Saudi Arabia (SAMA Foreign Holdings) $675.9 billion 3. UAE-Abu Dhabi (Abu Dhabi Investment Authority) $627.0 billion 4. China (China Investment Corp.) $575.2 billion 5. China (SAFE Investment Co.) $567.9 billion 6. Kuwait (Kuwait Investment Authority) $386.0 billion 7. China-Hong Kong (Hong Kong Monetary Authority Investment Portfolio<http://www.ibtimes.com/norways-sovereign-wealth-fund-top-15-around-world-1402003#>) $326.7 billion 8. Singapore (Government of Singapore Investment Corp.) $247.5 billion 9. Russia (National Welfare Fund) $175.5 billion 10. Singapore (Tamasek Holdings) $173.3 billion 11. China (National Social Security Fund) $160.6 billion 12. Qatar (Qatar Investment Authority) $115.0 billion 13. Australia (Future Fund) $88.7 billion 14. Algeria (Revenue Regulation Fund) $77.2 billion 15. UAE-Dubai (Investment Corp. of Dubai) $70.0 billion Daniel P. McHale Managing Director RSP Investments, LLC New York / Washington D.C. (917)887-6699 dmchale@rspinv.com *P* *Consider the environment before printing this email. * NOTICE: RSP Investments, LLC is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice within the meaning of Section 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This e-mail message, and any attachments, is not an offer, or solicitation of an offer, to buy or sell any security or other product. The information provided is subject to change without notice. This e-mail may contain privileged or confidential information or may otherwise be protected by other legal rules. Mistransmission is not intended to waive confidentiality or privilege. If you have received this communication in error, please destroy all electronic and paper copies and notify the sender immediately. RSP Investments, LLC reserves the right, to the extent permitted under applicable law, to monitor, review and retain all electronic communications traveling through its networks and systems. By messaging with RSP Investments, LLC, you consent to the foregoing. E-mail transmissions cannot be guaranteed to be secure, timely or error-free
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