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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28th November, 2022
In a volatile post-pandemic world, many governments in the Global South are looking to start – or restart – sovereign wealth funds, either to aid strategic economic development or for fiscal stabilization.
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17th October, 2022
Nigeria’s financial heart, Lagos, is launching a sovereign wealth fund of its own – the Lagos State Wealth Fund – representing the latest in a surge new sub-national SWFs, from Brazil to Malaysia.
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31st May, 2022
Israel’s plan to launch a sovereign wealth fund – the Israel Citizens’ Fund (ICF) – is finally going ahead on Wednesday (June 1st) after years of delays and reduced expectations.
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12th May, 2022
Africa saw the launch of its latest sovereign wealth fund in the form of Nambia’s more conventional commodity-backed Welwitschia Fund.
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14th December, 2021
Germany’s new “traffic light” coalition government is set to establish a new sovereign wealth fund, utilizing EUR60 billion (US$68 billion) of unused borrowing for green infrastructure and economic transformation.
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