The $590bn Californian investor betting big on private equity
Calpers believes private markets will outperform in the long term. Sceptics question its strategy
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How Norway jeopardised its integrity overnight
Oslo abruptly changed the ethics rules for the world’s largest sovereign wealth fund
Scotland to sell £1.5bn of ‘kilts’ bonds after getting same credit rating as UK
S&P and Moody’s award Edinburgh investment-grade status as it plans first bond issue since late 17th century
EU finance ministers wrestle with €140bn Ukraine loan as other options fizzle
Also in this newsletter: Ireland’s latest plan to fix its housing crisis