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Singapore’s investment giants are facing a familiar question: what counts as “good” returns?

14th January, 2026

When Singapore’s Parliament returned this week, MPs lined up questions about the performance of GIC and Temasek, two institutions central to the city-state’s fiscal model and its reputation for technocratic stewardship. The immediate trigger was a run of media comparisons suggesting that Singapore’s flagship investors have lagged global peers and public market benchmarks over the past decade.

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Abu Dhabi’s fourth SWF L’IMAD gets a new Board, CEO, and mandate

13th January, 2026

On Monday, the Supreme Council for Financial and Economic Affairs (SCFEA), which is chaired by Sheikh Mohamed bin Zayed (MbZ) and supervises all major energy and investment vehicles of Abu Dhabi, issued a resolution naming the new Board of Directors and the inaugural CEO of L’IMAD, the Emirate’s latest SWF.

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Iran’s political crisis is exposing a fragile financial core

12th January, 2026

Iran’s leadership is projecting resilience at a moment of acute political and economic strain. After months of regional escalation, domestic unrest, and tightening sanctions enforcement, senior officials are emphasising stability, capacity and national self-reliance. Central to that narrative is the claim that the state still commands vast financial resources – above all through its sovereign wealth vehicle, the National Development Fund of Iran (NDFI).

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ADIA’s vote of confidence in China via secondaries, platforms and Hong Kong listings

9th January, 2026

Abu Dhabi Investment Authority (ADIA) has taken a lead role in a China-focused continuation vehicle (CV) backed by Beijing-based CDH Investments, a transaction that sheds light on how the US$1.2 trillion sovereign investor is approaching the market: staying active, but increasingly through structures and partners designed to manage liquidity, exits and execution risk.

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xAI’s $20bn round draws sovereign capital deeper into the AI stack

8th January, 2026

Elon Musk’s artificial intelligence company xAI has raised US$20 billion in an upsized Series E funding round, underscoring how state-owned investors are increasingly treating AI not as a single venture bet, but as a strategic asset class spanning models, data and the physical infrastructure that runs them.

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Korea Investment Corporation moves from review to implementation of TPA

7th January, 2026

After more than a year of internal review and external consultation, Korea Investment Corporation (KIC) has formally committed to adopting a Total Portfolio Approach (TPA), marking a significant evolution in both its investment framework and organisational model.

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PIF and Lucid: Strong Q4 Results Support Continued Ownership Structure – For Now

6th January, 2026

The Public Investment Fund remains the controlling shareholder of Lucid Group, and its long-term strategy toward the investment continues to attract scrutiny.

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The US as the Decision Market: Why 2025 Marked a Structural Break in Sovereign Investment

5th January, 2026

In 2025, sovereign investors channelled more than US$140 billion into the US economy, lifting the country’s share of global sovereign deal activity to over 50%, as revealed in Global SWF’s 2026 Annual Report published last week.

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Mubadala Energy’s US gas gamble signals a strategic pivot for Abu Dhabi’s sovereign capital

2nd January, 2026

Abu Dhabi’s Mubadala Energy is doubling down on its gas-centric expansion strategy as it enters 2026 with natural gas now making up roughly 70% of its production portfolio, which is a milestone the company says underscores a pivotal year for its global growth, particularly following recent progress in Southeast Asian projects and its first major US gas investment.

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Fund of the Year (Jan'26): CalPERS

1st January, 2026

For its leadership among US retirement systems, for its growing investment and sustainability activity and for its adoption of forward-looking strategies, Global SWF believes that CalPERS is a worthy recipient of the 2025 Fund of the Year award. We were delighted to present it to Stephen Gilmore, Chief Investment Officer of the US$ 596 billion fund, and to speak with him about the fund’s state of play and next ambitions