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Sovereign Funds Look to Lucrative Exits from Emerging Market E-Commerce

18th March, 2022

Sovereign funds are key investors in the digitalization of emerging market economies, with e-commerce becoming a prime target for venture capital sprees in recent years.

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DP World Hits the Rocks with P&O Layoffs

18th March, 2022

The decision this week by P&O ferries to make 800 workers redundant shines a light on Dubai-owned DP World as well as the stress facing transportation assets in the portfolios of state-owned investors. DP World bought P&O Ferries in 2019, for GBP322 million after selling it earlier in the decade.

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Khazanah Consolidates Funds, But Aviation is Still Caught in a Tail Spin

17th March, 2022

Malaysian sovereign investor Khazanah’s decision to merge its commercial and strategic funds is set to boost the performance of its investment portfolio – but while separating them from the negative effects of distressed assets such as Malaysian Airlines, it is kicking the can down the road in terms of the continued high risk exposures from the troubled aviation sector.

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Boris Johnson Courts Saudi’s PIF for Investment Deals

16th March, 2022

British Prime Minister Boris Johnson is set to secure a multi-billion dollar deal with Saudi Arabia’s Public Investment Fund (PIF) as he courts the Middle Eastern kingdom for post-Brexit investment deals and cement strategic alliances.

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Canadian Peers Should Learn a Lesson from Ontario Teachers

14th March, 2022

The Ontario Teachers’ Pension Plan Board reported a record benchmark beating return for 2021, creating added value of C$5.5 billion with net assets reaching C$241.6 billion.

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Australian Funds’ Faith in Domestic Infra: The Case of Sydney Airport

12th March, 2022

Australian public pension funds helped take Sydney Airport private, affirming Global SWF’s analysis that Australian real assets are a hot target for investment despite the challenges facing the aviation sector.

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Turkey’s Fund Switches from High Ambitions to Crisis Management and Nationalization

10th March, 2022

With markets in turmoil, the Turkey Wealth Fund (TVF) has seen its total assets under management plunge to US$22 billion according to Global SWF estimates – nearly half the value it started with six years ago – and the fund is stepping in to resolve the massive challenges facing Turkey in an era of multiple global crises.

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Global Ethical Bellwether Norwegian Fund Announces More Companies Facing Action

10th March, 2022

The world’s biggest sovereign wealth fund, the Government Pension Fund Global (GPFG) managed by Norges Bank Investment Management (NBIM), has excluded one Chinese company for human rights violations and put three others on “observation” as part of its ethical investment policy.

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Celebrating Female Leaders at Sovereign Investors

8th March, 2022

Today is International Women’s Day and, once again, we have studied in detail the female representation at State-Owned Investors, including SWFs and PPFs. Diversity and inclusion are becoming key parameters in ESG reporting, and funds are putting a lot of effort in recruiting and retaining people of all genders, races and backgrounds. We observe large disparities in the composition of the workforce of the world’s major SOIs

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Gulf SWFs Set for Oil Windfall as Ukraine Crisis Boosts Crude Prices

5th March, 2022

With crude prices soaring past US$100/b amid geopolitical risks generated by Russia’s invasion of Ukraine, sovereign wealth funds in the Gulf region are set to be flush with liquidity and free from fiscal pressures.

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Hong Kong's HKMA Boosts Domestic Strategic Investments to Claw Back Lost Competitiveness

3rd March, 2022

The Hong Kong authorities are pumping fresh funds into the territory’s sovereign investment fund to boost the tech sector at a time when it is experiencing a rapid brain drain.

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Sovereign Investors assess their Russian portfolios and options

2nd March, 2022

Sovereign Investors have different degrees of exposure to Russia and to the Commonwealth of Independent States (CIS). On the one hand, Middle Eastern funds have been increasing their allocation into the region for the past few years, and Asian countries continue to be some of Russia’s most important trading partners. On the other hand, European and, especially, North American, pensions had already been divesting positions due to geopolitical risk.

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