23rd April, 2024
Emirati sovereign wealth funds’ decision to list assets can help drive private investment into their assets, free up capital for diversifying portfolios and improve transparency – but weighty listed assets can play havoc with portfolio values, as some funds have learned in the year-to-date.
Subscriber Post
4th March, 2024
South Korea’s massive US$800 billion National Pension Service (NPS) could be reversing its global diversification push with reports that it will plunge KRW11 trillion (US$8.2 billion) into domestic public equities, after reporting its best ever annual return.
Subscriber Post
19th February, 2024
PIF’s US public equities portfolio fell 3.4% q-o-q to US$35.2 billion in Q4 2023, dragged down by the value of its holding in EV maker Lucid Motors but also including the divestment of a chunky gaming stock, according to its latest 13F filing.
Subscriber Post
9th November, 2023
State-owned investors continued to slash their Chinese equity holdings in 2023 due to heightened geopolitical risks, poor returns and reduced IPOs.
Subscriber Post
13th October, 2023
China’s state-owned investors are throwing their massive weight behind troubled domestic stocks in a sign that Beijing is using government wealth to stabilize markets.
Subscriber Post
15th August, 2023
Saudi Arabia’s Public Investment Fund (PIF) reported 9.6% growth in its US equity holdings to US$38.9 billion in Q2, with electric vehicle manufacturer Lucid contributing just 16% of the increase despite representing 24% of the portfolio.
Subscriber Post
12th July, 2023
Saudi Arabia’s Public Investment Fund (PIF) reported a US$11 billion loss for 2022 as global markets tanked, but its annual accounts filed this week with the London Stock Exchange show it has ramped up its Middle East holdings by a staggering US$94 billion to US$175 billion (up 166%) in just two years as it seeks to become a regional investor heavyweight.
Subscriber Post
16th May, 2023
Saudi Arabia’s US$730 billion sovereign wealth fund, the Public Investment Fund (PIF), threw its weight behind green energy, gaming and the internet in the first quarter, while slashing exposure to payments processor Visa and Chinese e-commerce company Pinduoduo.
Subscriber Post
20th April, 2023
State-owned investors (SOIs) are dumping their Shanghai-listed A-Shares and rapidly reducing their exposure to Chinese public markets amid rising geopolitical risks and market uncertainty.
Subscriber Post
14th April, 2023
Sovereign wealth funds have been prominent buyers in listed companies going private in recent months, and yet another big deal is on the horizon: a proposed GBP4.6 billion (US$5.7 billion) takeover of Dechra Pharmaceuticals by the Abu Dhabi Investment Authority (ADIA) and Swedish private equity firm EQT.
Subscriber Post
14th April, 2023
Sweden’s biggest pension fund manager Alecta has ousted its CEO Magnus Billing following massive losses in high-risk US bank investments.
Subscriber Post
29th March, 2023
March saw some mega deals and mega sales by sovereign wealth and public pension funds, with significant changes in public market positions as they seek protection from market volatility and high inflation.
Subscriber Post