1st October, 2024
Bahrain may be the smallest country in the GCC in terms of population and economy, but its Sovereign Investment industry is well developed, with two active SWFs: one for stabilization and savings function (Future Generation Reserve, or FGR) and another one for strategic and development purposes (Mumtalakat). The FGR had been a relatively low-profile SWF until 2020, when the government of Bahrain withdrew US$ 450 million, or half of its assets back then, to maintain economic stability. The withdrawal was followed by a change in the deposit rules, and the fund has been growing again thanks to new inflows and strong investment returns.
27th September, 2024
China Investment Corporation (CIC) released on Friday its 2023 Annual Report, with some positive results. The overseas investments of the Chinese SWF returned +10.7% in the fiscal year ending on December 31, 2023, for a 10-year annualized return of 6.6%, right at the world's average.
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26th September, 2024
The Korea Investment Corporation (KIC) has named World Bank executive Park Il Young as its new CEO as it seeks to diversify its US$189 billion portfolio, with a push towards alternative assets.
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25th September, 2024
The Dutch public pension fund manager PGGM has signed a deal with the UK’s state-backed pension scheme Nest and insurer Legal & General to invest GBP1 billion in UK built-to-rent properties, as the new Labour government’s seeks to boost the economy and address the grinding affordability crisis.
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24th September, 2024
CDPQ is heavily investing in decarbonization and clean energy with a slew of investments announced this month as it strives towards its target of a net zero portfolio by 2050.
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23rd September, 2024
Singapore’s state-owned investors GIC and Temasek have joined Canadian public pension fund CDPQ and institutional investors to back Brookfield’s Catalytic Transition Fund (CTF), putting it nearly halfway to its US$5 billion fundraising target.
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20th September, 2024
Singapore’s Temasek is making further inroads into India’s healthcare and hospital sectors, where it has concentrated its investments.
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19th September, 2024
A ruling by the EU’s highest court, the European Court of Justice (ECJ), has demanded that tech giant Apple pays the Irish government EUR13 billion (US$14 billion) in back taxes, claiming that it benefitted from an illegal tax break.
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18th September, 2024
An alliance of Aldar and its biggest shareholder, Abu Dhabi sovereign wealth fund Mubadala, is set to manage US$8 billion of real estate in the emirate in a sign of an evolving strong partnership.
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17th September, 2024
Despite persistent economic problems, Egypt is a top investment destination for Gulf sovereign wealth funds that are not only mindful of its long-term potential as an emerging market but also its strategic position in soft power rivalry over the MENA region.
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16th September, 2024
North American and European public pension funds are selling large chunks of their private equity holdings as secondary markets have picked up and limited partners are ramping up portfolio sales.
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12th September, 2024
With India’s Ministry of Road Transport and Highways setting out plans for INR22 trillion (US$262 billion) in infrastructure investment up to FY2031/32, the Indian roads sector continues to be one of the world’s fastest growing infrastructure markets.
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