30th July, 2021
Earlier this month, food delivery company Zomato went ahead with its planned IPO in the Bombay Stock Exchange, becoming India’s biggest offering of the year so far. The process was oversubscribed 10.7 times, and the company raised US$ 564 million from 186 anchor investors including ADIA, CPP, GIC and OMERS.
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29th July, 2021
The African continent is vast in size, diversity and wealth - and its SWFs need specific guidance on governance and resilience. Today, its wealth of US$ 97.9 billion is managed by 30 SWFs or sub-funds: 9 stabilization, 9 savings and 12 strategic funds. This capital is unevenly distributed, with significant differences between the North and the South of the Sahara desert.
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28th July, 2021
The auctioning of London-based luxury store chain Selfridges appears to be re-engaging Arab SWFs with the British capital’s premium real estate market.
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27th July, 2021
Four leading state-owned investors have thrown their weight behind the Brookfield Global Transition Fund to invest in clean energy and bolster the Paris climate commitment of net zero by 2050.
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27th July, 2021
Last Friday, GIC reported its best results in a long time, with rolling returns improving significantly and implying an annual yield for FY21 of 37.5%. Yesterday it was BCI who reported a 16.5% (FY ending on March 31) and CalSTRS who announced a record of 27.2% (FY ending on June 30).
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25th July, 2021
The Singaporean Sovereign Wealth Fund just released its latest results coinciding with the 40th anniversary since its establishment in May 1981 and has reasons to be very proud.
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21st July, 2021
Abu Dhabi sovereign wealth fund Mubadala could earn up to US$30 billion from selling its semiconductor business GlobalFoundries to Intel - US$10 billion more than the enterprise value estimated earlier this year when it mooted an IPO.
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20th July, 2021
The Rwandan government has appointed seven new board members from the global asset management industry to the Agaciro Development Fund as it seeks to take the sovereign wealth fund to the next level.
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19th July, 2021
Saudi Arabia’s Public Investment Fund (PIF) is ramping up its investments in the car industry with a focus on the luxury and electric vehicles markets.
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16th July, 2021
The US$473 billion pension fund CalPERS earned a net return of 21.3% in the latest fiscal year ending June 30, narrowly missing its benchmark return by 40 basis points.
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15th July, 2021
The Qatar Investment Authority (QIA) has become the eighth state-owned investor to set up an office in Singapore in a bid to gain exposure to Asian markets.
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14th July, 2021
The US office real estate market has received a US$1 billion boost, supported by Singaporean sovereign wealth fund GIC and Canada’s biggest public pension fund CPP Investments, alongside property developer Boston Properties. GIC has allocated US$500 million to the program, while CPP and Boston Properties have each allocated US$250 million..
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