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The Philippines New SWF has Grand Ambitions, but Needs Co-Investors and Foreign Capital

6th August, 2024

The Philippines’ sovereign wealth fund, the Maharlika Investment Corporation (MIC), is now firmly established and about to originate deals for the Maharlika Investment Fund (MIF) focusing on domestic infrastructure and impact investment.

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UK Government Pressed to Consolidate Pensions, Yet Institutional Capacity is in Doubt

29th July, 2024

While the new Labour government is still finding its feet with the creation of a National Wealth Fund to invest in transition infrastructure, it has yet to get to grips with a fragmented and convoluted local government pension system while the existing “future fund” operated by the British Business Bank has failed to impress.

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IMF Demands Pakistan Scraps SWF as a Condition for Support

11th July, 2024

Governance concerns have reportedly prompted the IMF to demand the abolition of the Pakistan Sovereign Wealth Fund as a condition for any new financial bailouts, in what is the biggest challenge to the country’s bid to create a state-owned investor.

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UK Repurposes State Investors for US$9bn National Wealth Fund

10th July, 2024

The UK’s new Labour administration is set to hit the ground running with its new GBP7.3 billion (US$9.3 billion) National Wealth Fund (NWF) by utilizing existing governance structures and capital to start immediate investment in “green” infrastructure.

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New African SWFs Stumble Over Governance

8th July, 2024

Governance issues are an enduring concern for nascent African sovereign wealth funds and while Mozambique is looking for best practice in establishing a commodity-backed SWF, neighboring Zimbabwe is accused by anti-corruption watchdogs of failing to meet adequate standards in the operations of the Mutapa Investment Fund.

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Irish Government Dilemma: Jam Today or Tomorrow?

5th July, 2024

Ireland’s government is being pulled in two directions as a result of a corporation tax windfall, tempted by pre-election giveaways but mindful of its objective for long-term savings in two new sovereign wealth funds.

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British General Election Sees Parties Set Out Sovereign Wealth Fund Plans

6th June, 2024

Most political parties competing in the UK general election have pledged some form of sovereign wealth fund if they win power on June 4th, but like all manifesto commitments they are light on detail.

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Sarawak SWF Set to Secure Oil-Rich Malaysian State's Future

18th March, 2024

The eastern Malaysian state of Sarawak’s sovereign wealth fund has appointed its first CEO as it embarks on its mission to build long-term savings for the resource-rich state.

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New Sovereign Fund FOCO Focuses FDI on Spain

8th February, 2024

A new EUR2 billion fund launched by Spain’s Compañía Española de Financiación del Desarrollo (Cofides) has been launched to catalyze foreign capital.

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Sovereign Wealth Universe Expands, Ireland and Portugal Add to Rising Number of Funds

12th October, 2023

The sovereign wealth universe continues its steady expansion with Ireland and Portugal launching new funds this week, funded with budget surpluses – a rarity in Europe and unthinkable in the aftermath of the 2008 crisis when the two countries were plunged into financial distress.

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Governance Fears Erupt Over New Zimbabwean Sovereign Fund

3rd October, 2023

Renamed the Mutapa Investment Fund after the vast kingdom that covered modern Zimbabwe, Zimbabwe’s sovereign wealth fund is expanding rapidly raising concerns that President Emmerson Mnangagwa is building an empire beyond the remit of the constitution.

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Fund of the Month (Oct'23): Fórum de Fundos Soberanos Brasileiros (FFSB)

1st October, 2023

The most active Latin American country in terms of new SWFs is Brazil, where several cities and states have set up their own savings vehicles, under the umbrella of FFSB. We were delighted to catch up with Dr. Fernanda Feil and Mr. Leandro Ferreira, Co-Directors of the Forum.

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