Subject: Sovereign Wealth Funds
From: "Dan McHale" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>, <[email-masked]>
Date: Mon, 3 Feb 2014 13:08:15 -0500

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
[email-masked]
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