16th November, 2021
Temasek’s US equities portfolio fell US$5.8 billion over Q3, due to a reduction in the value of its positions in financial services and retail & consumer sectors. Yet, its portfolio is still large in historical terms. In the 12 months to end-September, Temasek’s US equities have grown US$8.9 billion – an increase of 45%.
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15th November, 2021
Lucid’s IPO has helped triple the value of US stocks held by Saudi Arabia’s sovereign wealth fund, according to its latest 13F filing with the SEC.
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12th November, 2021
CPP Investments has notched up its best long-term return in its 22-year history, following a 3.8% return in Q2 of its current financial year.
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12th November, 2021
An agreement signed this week between Bahrain’s Mumtalakat and Abu Dhabi’s Mubadala to create a joint investment fund for both countries marks the latest development in intra-GCC economic ties.
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10th November, 2021
It is over 15 years since controversy flared up over Dubai Ports World’s aborted acquisition of port management businesses in US seaports, ostensibly over alleged national security threats posed by selling strategically important infrastructure to an Arab government – albeit a close US ally.
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10th November, 2021
A US$14 billion deal to buy out cybersecurity firm McAfee has found the backing of Canadian public pension fund CPP, Singaporean sovereign wealth fund GIC and a subsidiary of the Abu Dhabi Investment Authority (ADIA).
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8th November, 2021
Last March, Global SWF issued a special analysis on Abu Dhabi Inc., with a description of the four main SWFs operating out of the emirate today and with the first-ever estimate of ADQ’s assets under management (AuM), at US$ 110 billion. We also discussed the uncanny resemblance of the newest fund with its sister organization Mubadala, and how the new vehicle fitted in the overall macroeconomic goals.
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6th November, 2021
The Qatar Investment Authority has thrown its weight behind the US$250 million Virunga Africa Fund I as an anchor investor, alongside the US$2 billion Rwanda Social Security Board (RSSB).
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5th November, 2021
Singaporean sovereign wealth fund GIC announced its fifth biggest investment this week, participating as lead investor in the purchase of 328 industrial properties in the US from Swedish private equity firm EQT for US$6.8 billion.
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3rd November, 2021
Saudi Arabia’s US$430 billion Public Investment Fund (PIF) is hoping to ramp up its exposure to Chinese public equity with reports in the Chinese press today that it has applied to become a Qualified Foreign Institutional Investors (QFII) – a status that enables direct access to trade “A-shares” of Chinese stocks, denominated in China’s renminbi/yuan (RMB), on Chinese stock exchanges.
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2nd November, 2021
Investments in Renewable Energy are still inadequate and minuscule compared to the firepower of State-Owned Investors: SWFs have invested US$ 35.3 billion in 105 deals, and PPFs have deployed US$ 40.6 billion in 94 transactions. The efforts are bigger, in relative terms, in those organizations with dedicated programs, e.g. Mubadala’s Masdar, or PensionDanmark’s CIP.
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1st November, 2021
PensionDanmark is one of Denmark’s largest labor market pension funds, with US$ 49.9 billion in assets as of June 30, 2021. It is also known as one of the world’s greenest investors, with US$ 3.7 billion invested and/or committed to unlisted renewable energy, and for having co-founded of the UN-convened Net-Zero Asset Owner Alliance (NZAOA). We had the immense pleasure of chatting with its CEO, Mr. Torben Möger Pedersen, who has led the fund since its establishment in 1993.