21st June, 2024
Panama’s sovereign wealth fund, the Fondo de Ahorro de Panama (FAP), has received promissory notes from the government totalling US$1.27 billion, which has boosted its coffers to US$2.69 billion, but challenges are building and the fund could face drawdowns due to problems in the mining sector.
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7th October, 2022
Last September 30 we had the privilege of participating in an offsite meeting of the Board of Directors of the Panama Savings Fund (FAP), along with leading economists and representatives of the World Bank.
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22nd November, 2021
Brazil may consider relaunching its sovereign wealth fund, the Fundo Soberano do Brasil (FSB), after the establishment of two sub-national funds in the past two years.
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1st March, 2021
During the second half of 2020, FAP suffered the first two withdrawals in its short history, for US$ 105 million, i.e., an 8% of its AuM, to help support Panama’s recovery. At the same time, the fund managed to record its second highest return, to start investing in private capital, and to become a signatory member of the UN’s PRI. We had the pleasure to catch up with Mr. Abdiel Santiago, its CEO & CIO, who has led FAP for the past 7 years and is highly respected in the international investor community.