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.
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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.
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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.
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16th March, 2023
The sovereign investor universe is being pummelled by the turmoil in the trade of banking stocks on global markets, revealing yet again doubts over strategy that had previously been highlighted in crypto-related investments.
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16th February, 2023
Temasek’s US equity holdings grew 2.1% to US$17.1 billion in Q4 2022, but down US$10.6 billion or 38% on end-2021 due to a combination of slumping stock prices and significant adjustments in a portfolio that had been relatively static.
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15th February, 2023
The slump in the value of electric carmaker Lucid caused a 16% q-o-q fall in the value of the Public Investment Fund’s (PIF) US equity portfolio to US$30.9 billion, but Global SWF’s estimates indicate a rapid turn in fortunes in the past six weeks with the reversal of Q4 losses.
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29th December, 2022
The final quarter of 2022 was hugely disappointing for PIF’s US public equity holdings with the diving value of Lucid Motor’s stock wiping US$7.4 billion off the value of the stockholding, representing 1.2% of the Saudi sovereign fund’s AUM.
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25th November, 2022
Saudi Arabia’s Public Investment Fund saw US$6.6 billion wiped off the value of its US public equity portfolio in Q3, around three quarters of which was caused by the 18.6% decline in the value of its stake in Lucid which was worth US$14.2 billion at end-September.
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4th November, 2022
The Qatar Investment Authority (QIA) is undeterred by the plummeting value of its stockholding in Credit Suisse Group and is preparing to invest in a share sale alongside the Saudi National Bank, according to the Financial Times.
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6th October, 2022
While global stock markets are in the doldrums, the energy price hike has fuelled growth in the oil-backed economies in the Arabian Gulf – with sovereign wealth funds receiving a boost in performance.
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8th September, 2022
A new sub-fund is being established by The Sovereign Fund of Egypt (TSFE) to pool assets for public listing, attracting the interest of Gulf region’s sovereign wealth funds
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16th August, 2022
A fall in Lucid Motors’ stock price caused a US$8.4 billion hit on Saudi Arabia’s Public Investment Fund’s US public equity holdings – but the rest of its stock holdings grew US$4.6 billion with tech stocks leading the charge.
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