12th May, 2022
Africa saw the launch of its latest sovereign wealth fund in the form of Nambia’s more conventional commodity-backed Welwitschia Fund.
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11th May, 2022
Mubadala’s 70% surge in income to AED122 billion (US$33 billion) in 2021 validates Global SWF’s recent 2021 Fund of the Year award which acknowledged its rapid development as one of the Middle East's biggest and fastest growing funds.
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10th May, 2022
India has tended to steal the show when it comes to state-owned investors, but a subsidiary of the Kuwait Investment Authority (KIA) has turned its attention to neighbouring Pakistan in a US$750 million agreement to drive its economic development, with renewables at the heart of its strategy.
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9th May, 2022
Canada’s second largest public pension fund, OMERS, is acquiring a major Australian portfolio of mobile towers from TPG in a deal worth A$950 million (US$660 million), marking its first foray into the Asia-Pacific digital infrastructure sector.
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6th May, 2022
Ethiopia has deployed its nascent sovereign wealth fund Ethiopia Investment Holdings (EIH) to broker a deal with neighboring Djibouti to ensure the East African country’s energy security.
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5th May, 2022
Elon Musk’s takeover of Twitter has won the support of the US$445 billion Qatar Investment Authority (QIA), which has contributed US$375 million to his buyout.
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4th May, 2022
Abu Dhabi Investment Authority’s US$2 billion joint venture deal with Boston-based real estate investment manager Rockpoint has pushed its total allocations to such real estate platforms to more than US$10 billion, according to Global SWF research.
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3rd May, 2022
Montreal’s mayor has left Québec province’s US$329 billion public pension fund in the lurch by shelving plans to develop a high-frequency light rail line in the provincial capital’s east end.
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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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1st May, 2022
For the year ended 30 June, 2021, the Victorian Funds Management Corporation (VFMC) reported a one-year-return of 16.9% and ten-year annualized return of 9.4%. The state investor manages AUD $74.5 billion (US$ 56 billion) on behalf of 31 public authorities of the state of Victoria. Seven months ago, CEO Lisa Gray retired and passed the baton to Kate Galvin, an executive with extensive asset management, banking, wealth management, markets, and legal expertise that would enable VFMC to continue with its evolution and delivery of market leading long-term returns. We had the pleasure of chatting with Ms. Galvin about her vision for the future of the organization.