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).
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post