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Softbank reports its biggest quarterly loss, but it is not all bad news for PIF and Mubadala

8th August, 2022

The Softbank Group, founded and chaired by billionaire Masayoshi Son, announced its result for the quarter ended June 30, 2022 last night. The group, which includes the Vision Funds, a 25% stake in Chinese giant Alibaba, and other significant investments, reported an operating loss of US$ 24.5 billion, due to the global markets turmoil and to the rapid fall of the yen against the dollar.

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PIF Accelerates its Automotive Drive with Aston Martin Deal

15th July, 2022

Saudi Arabia’s Public Investment Fund (PIF) is continuing its drive in the luxury vehicle markets, becoming the second-largest shareholder in Aston Martin Lagonda.

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Sovereign Investors Pour Billions Into Red Sea Ports and Logistics

21st June, 2022

The Red Sea is one of the world’s most strategically important trade routes and sovereign investors are bolstering infrastructure to capitalize on opportunities provided by the constant stream of cargo flowing between continents.

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Saudi Arabia is a Hardcore Gamer

9th June, 2022

Gaming is a core focus of the Public Investment Fund (PIF) and Embracer Group appears to have hit the right buttons the Saudi Arabian sovereign wealth fund, which invested US$1.05 billion to acquire a 8.1% stake in the Swedish gaming business.

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Can Middle Eastern SWFs Fulfil their Multi-Billion Bilateral Deals?

27th May, 2022

The Qatar Investment Authority (QIA) is in competition with its Abu Dhabi peers in headline-grabbing multi-billion bilateral memoranda of understanding. Global SWF assesses whether these agreements worth more than the paper they are written on – and if they are simply part of Middle Eastern states’ exertion of soft power.

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Kingdom Holdings Set to Align with PIF’s Strategic Domestic Interests After US$1.5bn Deal

23rd May, 2022

Saudi Arabia’s US$600 billion Public Investment Fund (PIF) has snapped up a 17% stake in Kingdom Holdings (KHC), a Saudi private investor in industry and real estate majority owned by its billionaire founder Prince Al Waleed bin Talal Al Saud, for US$1.5 billion – suggesting the two entities could align more closely in areas of common interest.

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Equities - Temasek Under-Performs; PIF Suffers Lucid Losses

16th May, 2022

Filings by Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s state-owned holding company Temasek show they were hit by the shock to markets in the first quarter as the Russian intervention in Ukraine sent the global economy reeling.

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Sovereign Backers of Vision Fund Hit by Son’s Strategic Failure

13th May, 2022

Sovereign wealth funds of Saudi Arabia and Abu Dhabi are among the main losers of Masayoshi Son’s Vision Fund gambles on tech venture capital.

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The Elephant in the Room - are Sovereign Investors beating the markets?

2nd May, 2022

Comparing returns across State-Owned Investors is never easy and it always takes a lot of assumptions and disclaimers. Yet, most funds have now reported their FY21 results, and we have looked at the average investment returns for the past six years (which we consider a fair investment cycle) across 20 major SWFs and 20 major PPFs in an apples-to-apples analysis.

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Bain Tasked by PIF to Develop India Strategy – More Investment in Renewables?

27th April, 2022

Investment in India’s infrastructure has an enduring attraction for sovereign wealth funds with around US$18 billion allocated to the development of the South Asian economy by state-owned investors from 2016 to date - and Saudi Arabia is set to boost that level even further with new plans that are set to involve green energy expansion.

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Egyptian and Saudi Sovereign Funds Plan to Green the Red Sea

20th April, 2022

The transition to low carbon energy sources is at the top of the agenda of Arab sovereign wealth funds as they seek to diversify domestic and regional economies and gain exposure to progress towards the Paris Agreement’s net zero goals.

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Indonesia Turns to Middle Eastern SWFs to Finance its New Capital Giga-Project

4th April, 2022

SoftBank’s decision to bail on Indonesia’s plans to build a new capital city in East Kalimantan has prompted the country’s sovereign wealth fund to turn to peers in the Middle East for investment in the US$32.5 billion gigaproject.

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