11th July, 2023
On Tuesday afternoon, Temasek announced its FY23 results, and it was not pretty. For the year ended March 31, 2023, the Singaporean investor booked a -5.1% SGD return (or -3.4% in USD) and a -5.2% loss in portfolio value, from SGD 401 billion (USD 298 billion) to SGD 382 billion (USD 288 billion).
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10th July, 2023
State-owned investors originated nearly US$20 billion in real estate deals in the first half of 2023, excluding their commitments to funds overseen by third party asset managers.
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16th June, 2023
The post-Covid revival in tourism is encouraging a tide of sovereign fund investment in hotel and leisure, with a focus on Europe and a significant shift towards large-scale resorts.
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31st May, 2023
On Tuesday evening, AIMCo announced its first hire in Singapore – and to the surprise of many, it came from the global leadership group of GIC, the flagship Sovereign Wealth Fund of the island-nation.
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30th May, 2023
The Netherlands’ public pension fund managers APG and Bouwinvest have swung their weight behind an Australian build-to-rent (BTR) partnership with student accommodation leader Scape Australia founders, Stephen Gaitanos and Craig Carracher.
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19th May, 2023
Indian real estate is a hot target for Singapore’s sovereign wealth fund GIC, which this week signed a US$1.4 billion 50:50 joint venture with Brookfield India REIT (BIRET) to two large commercial office assets in Mumbai and Gurugram – hailed by the fund as “the first-of-its-kind partnership In India between a listed REIT and a global institutional investor.”
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4th May, 2023
Singaporean sovereign wealth fund GIC has joined Canadian, Dutch and Abu Dhabi peers in Europe’s expansion of electric railways, a growth area that is backed by a modal shift to rail as a key enabler of the decarbonisation of supply chains.
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28th April, 2023
Singapore’s sovereign wealth fund GIC has stumped up around US$1 billion this week for assets in logistics and electricity transmission infrastructure that align with its strategy of seeking inflation-protecting assets in anticipation of medium-term disruption from rising prices.
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20th April, 2023
State-owned investors (SOIs) are dumping their Shanghai-listed A-Shares and rapidly reducing their exposure to Chinese public markets amid rising geopolitical risks and market uncertainty.
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19th April, 2023
A leading Indian infrastructure investment trust, Cube Highways Trust, has won the backing of Canadian public pension fund British Columbia Investment Management Corporation (BCI) and Abu Dhabi’s sovereign investor Mubadala as anchor investors in its INR52.2 billion (US$630 million) listing.
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14th April, 2023
Sovereign wealth funds have been prominent buyers in listed companies going private in recent months, and yet another big deal is on the horizon: a proposed GBP4.6 billion (US$5.7 billion) takeover of Dechra Pharmaceuticals by the Abu Dhabi Investment Authority (ADIA) and Swedish private equity firm EQT.
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29th March, 2023
March saw some mega deals and mega sales by sovereign wealth and public pension funds, with significant changes in public market positions as they seek protection from market volatility and high inflation.
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