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PIF Ramps Up US Equities

25th November, 2024

Saudi Arabia’s Public Investment Fund (PIF) saw its allocation to US listed equities rise 29.5% q-o-q to US$26.7 billion with the number of positions rising 42% to 51.

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Canadian Pension Officials Charged with Corruption Over Indian Renewables Investments

22nd November, 2024

The charging of three ex-employees of Canadian pension giant CDPQ by US authorities over a bribery scheme involving Indian billionaire Gautam Adani and Indian government officials creates a new twist in the strained relationship between Canada and India.

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UK Pension Reforms Aim for Consolidation, with More Domestic Focus

21st November, 2024

UK Chancellor Rachel Reeves is seeking a massive shake-up of the country’s pension funds, with a particular focus on the Local Government Pension Scheme (LGPS), to unlock their capital for domestic investment.

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Future Fund and CalPERS Broaden Horizons in Residential Housing

20th November, 2024

Affordable and social housing is emerging as a focus for state-owned investors (SOIs) who see opportunities for real estate asset growth as well as addressing social responsibility in their ESG mandates.

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NBIM Breaks Down Silos, Grouping Unlisted Real Assets with Listed Equities

19th November, 2024

An organizational shake-up is being conducted at Norges Bank Investment Management (NBIM), which oversees Norway’s US$1.7 trillion Government Pension Fund Global (GPFG), with real assets regrouped under the fund’s massive equities portfolio.

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35-year-old Sheikh Saoud takes KIA’s reins as Al-Ghaniman retires early

18th November, 2024

Last week was rather eventful among the SWFs of the Arabian Gulf. In Qatar, QIA changed its leadership on Tuesday, after Al Mahmoud was appointed Minister of Health. In Saudi, PIF decided to change the CEO of its flagship project NEOM on Wednesday, in an effort to ensure the success of the job. In Abu Dhabi, ADIA reported its annual results on Thursday, which according to Global SWF estimates may have signaled a new milestone for its portfolio. And that same day in Kuwait, KIA confirmed the retirement of its MD Ghanem Al-Ghaniman.

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ADIA scores positive result in 2023, AuM well over US$ 1 trillion

14th November, 2024

On Thursday, ADIA released its results for the year ended on December 31, 2023 – and below is our usual reading between the lines, for our subscribers:

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ADQ Emerges as a Major MENA Chemicals Industry Investor

13th November, 2024

Abu Dhabi sovereign wealth fund ADQ is developing its petrochemicals portfolio, adding value to upstream output – but also overlapping with the interests of Abu Dhabi’s other state-owned investor, Mubadala, which has its own assets in the sector.

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Qatar reshuffles cabinet, QIA gets a new CEO

12th November, 2024

On Tuesday, Sheikh Tamim Al Thani, Emir of Qatar, announced some important changes to his cabinet.

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Criticism Mounts Over Indonesia's New SWF

11th November, 2024

The Indonesian government is delaying its launch of its new sovereign wealth fund, named Danantara, until President Prabowo Subianto returns from his overseas trip towards the end of next week.

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Alberta Sacks AIMCO Board Amid Costs Concerns

8th November, 2024

The government of Canada’s Alberta province has sacked the board and CEO of its US$115 billion public pension fund over rising costs.

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PIF Uses Riyadh’s FII Summit to Strengthen Asian Investment

7th November, 2024

Saudi Arabia’s Public Investment Fund (PIF) is making a strong bid on developed Asian economies with a slew of deals with Japanese banks and an agreement to anchor a fund to support Hong Kong’s business community.

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