23rd June, 2023
As industry analysts, we have always been fascinated by the changing meter on NBIM’s website. Anyone can see the market value of the world’s largest SWF at any point in time, according to the fluctuations in global financial markets. Over the years, NZ Super joined this effort and is now showing an “AuM-clock” on their homepage, too.
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22nd June, 2023
Bahrain’s sovereign wealth fund Mumtalakat has consolidated its hold on British carmaker McLaren by buying stakes from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management for GBP400 million (US$510 million).
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21st June, 2023
The President of Korea’s US$169.3 billion sovereign wealth fund, the Korea Investment Corporation (KIC), reiterated the fund’s target allocation to alternative investments at 25% of AUM by 2025 in an interview with Bloomberg, indicating it is set to release billions of dollars of capital into global private markets.
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20th June, 2023
The Investment Management Corporation of Ontario (IMCO) announced today that it is piling US$400 million into Sweden-based Northvolt, joining a raft of other public pension funds including provincial stablemate OMERS that have invested in the battery manufacturing giant.
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19th June, 2023
Since 2020, Global SWF has issued an annual assessment of the efforts of state-owned investors, including sovereign wealth funds and public pension funds, around governance, sustainability, and resilience (GSR).
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16th June, 2023
The post-Covid revival in tourism is encouraging a tide of sovereign fund investment in hotel and leisure, with a focus on Europe and a significant shift towards large-scale resorts.
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15th June, 2023
Two new funds focusing on co-investments and social impact were launched this month by Spain’s sovereign wealth fund, Compañía Española de Financiación del Desarrollo (COFIDES), as the country’s government follows France and Italy in catalysing private sector capital for strategic economic development.
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14th June, 2023
This week the US$68 billion Libyan Investment Authority (LIA) had cause to celebrate as its auditor Ernst & Young approved its financial statements, marking the latest in a string of good news stories for a fund that has fought hard to leave the shadow of the Qaddafi era.
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13th June, 2023
Today marks the closing date for applications for the position of CEO of Hong Kong’s new sovereign wealth fund, the Hong Kong Investment Corporation (HKIC), which consolidates various investment vehicles established by the special administration region’s central bank, the Hong Kong Monetary Authority (HKMA).
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12th June, 2023
Abu Dhabi state-owned investors indicated their interest in backing the war-torn Ukrainian economy as representatives of the funds joined a top-level bilateral meeting at the weekend, at which the Ukrainian government announced its intentions to set up a sovereign wealth fund.
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9th June, 2023
The latest annual results of Canada’s federal-level public pension funds are now out and depict a significant difference in performance between the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments) – with infrastructure proving crucial to achieving higher yields.
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8th June, 2023
A slew of public pension fund giants have swung their weight behind Just Climate’s Climate Assets Fund I (CAF1), which has exceeded its US$1 billion target by 50% and marks the latest of several sovereign-backed billion-plus funds.
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