31st July, 2023
Mozambique is set to relaunch its plans for a sovereign wealth fund funded by LNG exports, which stalled in recent years amid instability in the country’s gas-rich north.
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25th July, 2023
Pakistan is planning to join the growing list of emerging markets developing new strategic sovereign wealth funds with at least seven state assets worth at least PKR2.3 trillion (US$8 billion) set to be transferred to the new organization.
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17th July, 2023
Kuwait announced it is launching a new sovereign wealth fund with a strategic domestic economic development mandate, just days after the Minister of Finance quit his post after control of the country’s existing SWF – the US$801 billion Kuwait Investment Authority (KIA) – was transferred to another ministry.
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13th June, 2023
Today marks the closing date for applications for the position of CEO of Hong Kong’s new sovereign wealth fund, the Hong Kong Investment Corporation (HKIC), which consolidates various investment vehicles established by the special administration region’s central bank, the Hong Kong Monetary Authority (HKMA).
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2nd June, 2023
Recent weeks saw a surge of proposals for new sovereign wealth funds – some in countries that already host established SWFs – as governments look to strategic development and fiscal stabilization in a turbulent and uncertain era.
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26th May, 2023
The fast-tracking of a controversial measure for the creation of a Philippine sovereign wealth fund faces stiff opposition from critics who questioned where the fund’s seed capital will come from.
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18th May, 2023
Britain’s “Future Fund”, overseen by the state-owned British Business Bank (BBB), is completing its third year of operations this week having delivered GBP1.14 billion of investment in startups during the pandemic – yet performance is mixed, criticism is fierce, and the possibility of a fully-fledged UK sovereign wealth fund remains dim.
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12th May, 2023
Governments favor sovereign wealth funds as vehicles that can put cash to good use, whether for fiscal stabilization, inter-generational savings and strategic economic development – but Taiwan’s central bank has lodged its objection to Taipei’s plans for a fund that could utilize foreign exchange reserves.
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8th May, 2023
Last Sunday, May 7, the Republic of Kosovo officially established its very own Sovereign Wealth Fund. The launch ceremony took place in Pristina with Prime Minister Albin Kurti acting as keynote speaker, and Germany’s independent foundation Friedrich Ebert Stifung (FES) acting as co-host of the event.
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5th April, 2023
Seven months after it was launched, the Israel Citizens' Fund (ICF) accumulated just US$617 million by end-2022, according to the Ministry of Finance.
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24th January, 2023
The Philippines’ new Maharlika Investment Fund faces a legal challenge from the country’s political opposition for “sequestering” dividends from state companies.
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5th December, 2022
Australian super fund HESTA has boosted its AUM to nearly A$70 billion (US$57 billion) with more than 970,000 members following its merger with the smaller, 60-year-old Brisbane-based Mercy Super fund, which has 13,000 members.
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