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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11th October, 2023
On October 11, 2008, the International Monetary Fund (IMF)-convened International Working Group of Sovereign Wealth Funds (IWG-SWF) formally launched the Generally Accepted Principles and Practices (GAPPs), also known as the Santiago Principles. Fifteen years later, the 24 guidelines are in dire need of a comprehensive reformulation.
10th October, 2023
On Tuesday, ADIA finally released its 2022 Annual Report, shedding some light on its latest developments:
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6th October, 2023
The Abu Dhabi Investment Authority (ADIA) is reportedly considering stumping up US$600 million more capital for Reliance Retail Ventures Ltd (RRVL), an arm of Indian billionaire Mukesh Ambani’s massive Reliance conglomerate which is positioning itself as the vanguard of retail growth in the Indian economy.
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5th October, 2023
Infrastructure is usually seen as a safe bet by the patient capital of state-owned investors, and a bolt hole at times of uncertainty and economic volatility.
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4th October, 2023
While India’s billionaire business moguls have attracted billions in capital, India’s National Investment and Infrastructure Fund (NIIF) has proceeded at a slower pace of investment – but the situation looks set to change as the fund develops new partnerships and strategies.
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3rd October, 2023
Renamed the Mutapa Investment Fund after the vast kingdom that covered modern Zimbabwe, Zimbabwe’s sovereign wealth fund is expanding rapidly raising concerns that President Emmerson Mnangagwa is building an empire beyond the remit of the constitution.
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2nd October, 2023
Aliah Al Tameemi, the Head of Alternatives of the Kuwait Investment Authority (KIA), has been replaced by Salah Al Muraikhi, a Director of the Hedge Funds program. This represents the latest move among the sovereign wealth fund’s executive management, which has seen 70% of its members (including all heads of investment) change in the past 15 months.
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1st October, 2023
The most active Latin American country in terms of new SWFs is Brazil, where several cities and states have set up their own savings vehicles, under the umbrella of FFSB. We were delighted to catch up with Dr. Fernanda Feil and Mr. Leandro Ferreira, Co-Directors of the Forum.