18th October, 2021
A preliminary agreement for collaboration between G42 Healthcare and Abu Dhabi sovereign wealth fund Mubadala is the latest development in a year that has seen a slew of capital commitments by state-owned investors in the healthcare sector.
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15th October, 2021
Singaporean state-owned investor Temasek is planning to pour S$1 billion (US$740 million) per year into deep-tech innovation in Singapore, in addition to the government’s S$25 billion (US$18.5 billion) Enterprise 2025 plan for tech development, Deputy Prime Minister Heng Swee Keat announced today.
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14th October, 2021
Paris-alignment is a hot topic ahead of the 2021 United Nations Climate Change Conference (COP26), which starts in little over two weeks, but sovereign wealth funds have failed to commit to the firm targets and assessments of the UN’s Net Zero Asset Owners Alliance (NZAOA) and the risk of "greenwashing" persists.
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13th October, 2021
Dutch public pension fund manager APG has thrown its weight behind the EU’s first green bond issue, purchasing EUR195 million of the debut issue.
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12th October, 2021
Norway’s outgoing centre-right government has proposed slashing withdrawals from the country’s US$1.4 trillion Government Pension Global Fund (GPFG) by more than 20% to NOK322.4 billion (US$37.7 billion) in 2022 – but it would still represent the third largest annual withdrawal in the fund’s 31 year history.
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11th October, 2021
New Zealand’s US$40.4 billion NZ Super celebrates its 20th birthday this week, after a year in which it reported its best ever return of 29.6%, beating its benchmark by 1.7%.
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8th October, 2021
Saudi Arabia’s Public Investment Fund and the Abu Dhabi Investment Authority (ADIA) have been approached to help support a US$1.0-1.5 billion investment in Tata Group’s electric vehicle subsidiary by US private equity group TPG Capital.
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7th October, 2021
Gulf sovereign wealth funds are preparing to pour billions more capital into private markets with new hires and restructuring.
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6th October, 2021
Saudi Arabia’s Public Investment Fund (PIF) is set to turn Newcastle United into one of the world’s most valuable football clubs if its planned GBP300 million takeover of the English Premiership side finally gets approval.
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6th October, 2021
Concern over climate change continues to prompt state-owned investors to declare their commitment to fighting greenhouse gas emissions with One Planet Sovereign Wealth Funds (OPSWF) signing up four new SWF members this week. Yet, the lack of standardization of greenhouse gas auditing and reviews of progress towards targets makes judging OPSWF's real world impact difficult to measure.
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4th October, 2021
Russian President Vladimir Putin’s decision to limit the spending of his country’s US$190 billion sovereign wealth fund, the National Wealth Fund (NWF), could help resolve uncertainty over its mandate and direction – although already announced big NWF-financed projects ahead of the 2024 presidential election are likely to go ahead.
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1st October, 2021
In 2020, the impact of COVID-19 was felt among investment managers across the world and AIMCo was no different, incurring large losses. Since then, in an attempt to pursue stability and sustainability, the Alberta-based organization has appointed a new CISO, CRO, CFO, and on July 1 this year, a new CEO. As a result of some of these efforts, the fund enhanced its result in Global SWF’s GSR Scoreboard, from 84% in 2020, to 92% in 2021. We had the great pleasure of hearing more from Mr. Mark Prefontaine, AIMCo’s Chief Client & Stakeholder Relations Officer.