1st February, 2024
The maharlika (freedman) were feudal warriors in Luzon, the Philippines, and the term comes from Sanskrit, meaning man of wealth, knowledge, or ability. And this is exactly what Maharlika Investment Fund, the country’s new SWF, intends to do by managing intergenerational financial assets and advancing long-term development goals. We had the pleasure of speaking to its newly appointed CEO, Rafael Consing, about the fund’s background and prospects.
16th November, 2023
This week has been quite eventful in terms of personnel changes. After the appointments of CIC’s new chief representative in the US, and of the new CEO and CIO for the Hong Kong Investment Corporation (HKIC), which we covered on Monday, we have finally heard about the new leaders for the Emirates Investment Authority (EIA) and the newly established Maharlika Investment Corp. (MIC) in the Philippines.
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12th October, 2023
The sovereign wealth universe continues its steady expansion with Ireland and Portugal launching new funds this week, funded with budget surpluses – a rarity in Europe and unthinkable in the aftermath of the 2008 crisis when the two countries were plunged into financial distress.
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20th September, 2023
Global SWF examines the recent developments relating to new sovereign wealth funds in Hong Kong, Israel, Pakistan and the Philippines.
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2nd June, 2023
Recent weeks saw a surge of proposals for new sovereign wealth funds – some in countries that already host established SWFs – as governments look to strategic development and fiscal stabilization in a turbulent and uncertain era.
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26th May, 2023
The fast-tracking of a controversial measure for the creation of a Philippine sovereign wealth fund faces stiff opposition from critics who questioned where the fund’s seed capital will come from.
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24th January, 2023
The Philippines’ new Maharlika Investment Fund faces a legal challenge from the country’s political opposition for “sequestering” dividends from state companies.
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28th November, 2022
In a volatile post-pandemic world, many governments in the Global South are looking to start – or restart – sovereign wealth funds, either to aid strategic economic development or for fiscal stabilization.
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