I caught up with a former colleague from the investment banking world. A Chinese property tycoon just gave him US$1.5bn to manage and asked him to buy large natural resource projects of strategic interest to China. And the tycoon threw in a building he owns in Hong Kong as well for my friend to work out of with his team. In the past 4 months, they've blown through about $600mm, mostly in Central Asia.... and the tycoon is planning to hand them another billion or two this year.
Oh, and the tycoon is also looking to relocate to Canada.