14th March, 2024
Canada’s biggest public pension fund CPP Investments committed hundreds of millions of US dollars into digital network infrastructure this month as it seeks to gain exposure to the growing demand in connectivity and data-rich content.
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13th March, 2024
Ontario Teachers’ disappointing return of 1.9% in 2023 represents a negative value add of C$15.8 billion, dragged down by poor performance in real estate and infrastructure.
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12th March, 2024
The building of national champions with global reach is a major theme of strategic sovereign wealth funds in the Gulf region. Abu Dhabi’s launch of a global tech investment firm on a scale of SoftBank’s first Vision Fund, backed by Abu Dhabi’s Mubadala and native AI firm G42, ramps up the rivalry between the Emirate and initiatives backed by Saudi Arabia’s Public Investment Fund (PIF).
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11th March, 2024
As it approaches its 30th anniversary, Malaysia’s sovereign wealth fund, Khazanah, tripled its profit to MYR5.9 billion (US$1.26 billion) in 2023, boosted by dividends from its portfolio companies, with MYR1 billion passed on to the government.
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8th March, 2024
Saudi Arabia’s Public Investment Fund (PIF) is marching towards its end-2025 target of US$1 trillion with a further 8% stake in Aramco transferred to its portfolio by the government, in order to fund the Kingdom’s aggressive economic diversification program.
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7th March, 2024
Sub-Saharan Africa is the final frontier for state-owned investors (SOIs), offering potential large rewards – but also significant challenges. For patient investors capable of honing in on good deals, the region offers significant long-term returns that could generate big yields, as well as demonstrating their commitment to sustainable development goals.
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6th March, 2024
Singapore’s Temasek continues to mark itself as a trailblazer among state-owned investors in the tech space as it enters discussions to invest in AI company OpenAI.
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5th March, 2024
Gulf states have tended to use soft power to gain geopolitical influence via economic and cultural relations, particularly in the MENA and Central Asian regions. The cold war within the GCC has subsided with a deal between Doha and a Saudi-led alliance over Qatar’s alleged closeness to the Muslim Brotherhood. Yet, rivalries are still heated and they are vying for regional influence and at a time of heightened geopolitical sensitivities, with this week seeing Saudi Arabia cement its ties with Bahrain via their sovereign funds while Qatar's QIA is deepening its exposure to Uzbekistan.
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4th March, 2024
South Korea’s massive US$800 billion National Pension Service (NPS) could be reversing its global diversification push with reports that it will plunge KRW11 trillion (US$8.2 billion) into domestic public equities, after reporting its best ever annual return.
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1st March, 2024
With a population of less than a million people, Bhutan is known for its mountains, monasteries, and the thunder dragon (“druk”) featured in its flag. Its Sovereign Wealth Fund, Druk Holding & Investment (DHI), manages some of the country’s national champions and also invests in international securities and digital assets. We had the pleasure of speaking with its CEO, Mr. Ujjwal Deep Dahal, about the fund’s strategy and future objectives.
29th February, 2024
Saudi Arabia’s Public Investment Fund (PIF) has tapped global markets for a mega-sukuk worth US$2 billion, bringing its total debt to an estimated US$36 billion - and it unlikely to stop its borrowing spree.
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28th February, 2024
Last year’s venture capital drought has given way to a deluge of investment with the Qatar Investment Authority (QIA) the latest to open the sluice gates of funds for startups.
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