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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25th February, 2022
As it launches new offices in Hong Kong, London and New York, Saudi Arabia’s Public Investment Fund (PIF) is looking at paring back its US$90 billion stake in oil major Saudi Aramco, which was gifted to it by the government earlier this month, and potentially diversifying its private equity and real assets strategies.
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25th February, 2022
The Caisse de dépôt et placement du Québec (CDPQ) has reported its best returns in more than a decade with a record C$78 billion (US$61 billion) of total asset growth to C$420 billion (US$328 billion).
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14th February, 2022
Saudi Arabia’s Public Investment Fund (PIF) has received a US$80 billion shot in the arm with the Kingdom’s government transferring a 4% in national oil company Aramco to the ownership of the sovereign wealth fund – less than two years after the completion of PIF’s sale of a 70% stake in Saudi chemicals major SABIC to Aramco for US$69 billion.
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10th February, 2022
The Qatar Investment Authority (QIA) has started 2022 in a very strong manner, and everything indicates that it may be getting ready to fly high once again. On the one hand, the strong returns of public and private equities during 2021 helped grow its balance sheet to an record high with an estimated US$ 445 bn. On the other, the organization recently completed a restructuring of its governance and structure, adapting it to the new normal and opportunities.
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19th January, 2022
The surge in oil prices coupled with a bull market in US public equities helped deliver Azerbaijan’s sovereign wealth fund a robust return and a boost to total assets under management in 2021, said Global SWF using the latest data from the State Oil Fund of the Republic of Azerbaijan (SOFAZ).
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13th January, 2022
Singapore’s sovereign wealth fund GIC will be boosted by around S$185 billion (US$137 billion) following the passing of a law that will lead to a reduction in foreign reserves held by the Monetary Authority of Singapore (MAS).
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29th December, 2021
The US’s biggest public pension fund, the California Public Employees’ Retirement System (CalPERS), reported that its market value edged past half a trillion dollars for the first time.
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20th December, 2021
Next Saturday, January 1, 2022, we will be releasing the industry’s most timely, rigorous, and insightful account of the activity and trends of Sovereign Wealth Funds and Public Pension Funds during 2021. The report is titled “State-Owned Investors 3.0” and includes comments from SOIs in every major section:
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13th December, 2021
This morning, H.E. Yasir Al-Rumayyan spoke at the Saudi Budget 2022 Forum chaired by the Minister of Finance in Riyadh. PIF’s Governor confirmed that the fund’s asset under management had reached SAR 1.8 trillion, i.e., US$ 480 billion, by the end of September 2021. This compares to US$ 425 billion at the end of Q1, and it is one of the fastest growths we have seeing this year among SWFs. PIF has now past China’s NSSF and climbs to 8th position among the world’s largest SWFs.
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20th November, 2021
BlackRock is set to rival the size of the entire sovereign wealth industry with assets under management topping US$10 trillion, supported by a bull market run.
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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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