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London Preferred Over Paris for SOIs

2nd December, 2022

Temasek’s decision to open its third European office in Paris comes in the wake of Bloomberg declaring that the French stock market now has a combined value of US$2,823 billion – putting it ahead of the UK stock market at US$2,821 billion for the first time.

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Fund of the Month (Dec'22): Armenia National Interest Fund (ANIF)

1st December, 2022

Armenia’s ANIF is one of the latest additions to the SWF industry globally. The fund acts as a catalyzer of foreign investment into the country and has signed important partnerships with Masdar and Air Arabia, among others. In June, it became the first foreign Sovereign Fund to open an office in the UAE. We had the pleasure of speaking with its CEO about the fund’s plans.

A Tale of Two Cities: Contrasting Results of Dubai and Hong Kong Sovereign Funds

30th November, 2022

The latest financial results by the US$309 billion Investment Corporation of Dubai (ICD) and the US$503 billion Hong Kong Exchange Fund could not be more different.

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GIC Continues North American Logistics REIT-Buying Spree

29th November, 2022

Singapore’s sovereign wealth fund GIC has teamed up with Centerbridge to buyout a US industrial REIT for US$660 million – its third bid for a North American REIT since September, indicating a serious push into the market.

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The Birth and Rebirth of SWFs: Philippines, PNG and Algeria Make Strides

28th November, 2022

In a volatile post-pandemic world, many governments in the Global South are looking to start – or restart – sovereign wealth funds, either to aid strategic economic development or for fiscal stabilization.

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PIF: Lucid Undermines Index-Beating Performance in US Equities

25th November, 2022

Saudi Arabia’s Public Investment Fund saw US$6.6 billion wiped off the value of its US public equity portfolio in Q3, around three quarters of which was caused by the 18.6% decline in the value of its stake in Lucid which was worth US$14.2 billion at end-September.

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Asian Data Center Expansion Supported by ADIA-Backed US$2 Billion Platform

23rd November, 2022

The Abu Dhabi Investment Authority (ADIA) has teamed up with Singapore’s SC Capital to establish a data center platform, which is set to reach US$2 billion in equity.

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Dutch Pension Fund APG Takes Lead in State Investment in Renewables

22nd November, 2022

Dutch pension fund manager APG is looking to invest in a new 4GW offshore wind farm as part of the Noordzeker consortium, in alliance with an unknown investor.

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Oman's SWF Launches US$2 billion Diversification Push

21st November, 2022

With the Oman Investment Authority’s (OIA) portfolio reaching US$41.5 billion and representing roughly 40% of the Sultanate’s economy, the sovereign wealth fund has entered a new phase of growth targeting strategic economic diversification at home and yield-generating investment abroad.

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Temasek and OTPP Are Chief Losers From Crypto’s Reputational Crash

18th November, 2022

The collapse of crypto group FTX is sending ripples across the financial sector and has impacted most on Singapore’s state-owned investor Temasek, raising questions around due diligence and regulation.

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ADQ Follows an Emirati Tradition and Snaps Up Major Stake in PE Firm

16th November, 2022

In its first investment in the US, Abu Dhabi’s ADQ has taken a major stake in private equity firm Vistria Capital, following a growing trend among sovereign wealth funds buying equity in General Partnerships.

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BlackRock and Saudi Arabia Draw Closer in Infra Partnership

15th November, 2022

BlackRock continues to forge relationships with the sovereign investor universe with this week witnessing an agreement with Saudi Arabia’s US$620 billion Public Investment Fund (PIF) to pursue joint investment opportunities in the Kingdom’s infrastructure sector.

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