Layout:

US Federal SWF Mooted by Biden and Trump Raises More Qs than As

10th September, 2024

Despite being the world’s biggest economy attracting the bulk of sovereign capital, the US lacks a federal-level sovereign wealth fund of its own – but this could all be about the change with rivals in the presidential election pitching their visions of state capitalism.

Subscriber Post

NZ Super Trounces Peers in Both Annual and Long-Term Returns

9th September, 2024

The New Zealand Superannuation Fund (NZ Super) continues to beat peers with another strong result boosted by public equities which enabled it to report a 14.9% return in the year to end-June, helping to boost coffers by NZ$11 billion (US$6.8 billion) to reach NZ$77 billion (US$47.4 billion) in FY2023/24.

Subscriber Post

NIIF Plans US$4bn Capital Raise for Indian Infra as it Divests Roads and Renewables

5th September, 2024

India’s quasi-SWF, the National Investment & Infrastructure Fund (NIIF), is planning to raise US$4 billion in capital for infrastructure investments, signalling it is entering a new phase and accelerating its co-investment partnerships.

Subscriber Post

FSDEA Comes Back to Life with Diversification Investments

4th September, 2024

Angola’s sovereign wealth fund, Fundo Soberano de Angola (FSDEA), is becoming steadily more active as it continues to find its feet as it recovers its reputation from the corruption scandal revealed in 2018 in the so-called Panama Papers.

Subscriber Post

PIF Taps Debt Markets, Draws on Cash Reserves and Slashes Equities to Prop Up Vision 2030

3rd September, 2024

With its cash resources squeezed by profligate investments ranging from gigaprojects to sports, Saudi Arabia’s Public Investment Fund (PIF) is set to tap debt markets for a fourth time this year.

Subscriber Post

India’s Proposed SWF Could be Rival to China’s Silk Road Fund

2nd September, 2024

India’s central bank the Reserve Bank of India (RBI), stock exchange regulator the Securities and Exchange Board of India (SEBI) and officials from the new finance hub, GIFT City, are reportedly exploring the launch of a new sovereign wealth fund, in addition to the existing National Investment and Infrastructure Fund (NIIF).

Subscriber Post

Fund of the Month (Sep'24): Australian Retirement Trust (ART)

1st September, 2024

ART was born in February 2022 following the merger between SunSuper and QSuper, the largest in the history of Australia’s superannuation industry. The fund continues to grow with over US$ 200 bn and 2.4 mn members, and it recently announced the proposed merger with another fund, Qantas Super. We were delighted to speak with ART’s Head of Investment Strategy, Andrew Fisher, about the fund’s plans and goals.