15th April, 2022
This week the Indonesia Investment Authority (known as INA) signed two agreements to invest US$ 2.7 billion in three parts of the Trans-Sumatra toll-road as well as in two parts of the Trans-Java toll-road. When finished, the former will cover 2,818 km across the Western island while the latter will be smaller at 1,167 km and will link the country’s (current) capital city, Jakarta. The total cost of both projects is estimated at over US$ 40 billion.
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25th March, 2022
The conflict in Ukraine and the effects of sanctions on Russia have dealt a major blow to Russia’s National Wealth Fund (NWF), which saw its total assets under management plunge 11.5% to US$154.8 billion, and is likely to freeze the ability of the Russian Direct Investment Fund (RDIF) to secure inward investment.
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10th March, 2022
With markets in turmoil, the Turkey Wealth Fund (TVF) has seen its total assets under management plunge to US$22 billion according to Global SWF estimates – nearly half the value it started with six years ago – and the fund is stepping in to resolve the massive challenges facing Turkey in an era of multiple global crises.
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18th February, 2022
This week in the federal courts of Brooklyn, former Goldman Sachs banker Roger Ng is facing as many as 30 years in prison for allegedly helping 1MDB to embezzle billions of Malaysian public funds. Tim Leissner, his former boss at the bank, testified yesterday to confirm that “greed and ambition” drove their involvement in the bribery and money laundering scheme. Goldman has already paid US$ 2.8 billion in fines.
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1st January, 2022
For its significant contribution to the development of Abu Dhabi and the UAE, for its leadership in pursuing global partnerships, for its unparalleled investment and divestment activity displayed throughout the year, and, in general, for its contribution to the advancement of the SWF industry, Global SWF believes that Mubadala Investment Company is a worthy recipient of the 2021 Fund of the Year award. We spoke with Ahmed Saeed Al Calily, its Chief Strategy & Risk Officer, about the fund’s performance and ambitions.
31st December, 2021
The conclusion of 2021 has a distinctly African feel in the world of sovereign wealth funds. In recent days, new funds have been proposed for Ethiopia and Egypt’s Suez Canal region, marking another milestone in the continent’s push for state-led investment.
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1st December, 2021
Rwanda’s economy has been growing steadily for the past 20 years. In December 2011, the National Dialogue Council proposed the creation of a Sovereign Wealth Fund, which would be funded by contributions of civil servants and the Rwandan diaspora. We had the pleasure of catching up with Mr. Gilbert Nyatanyi, who has been CEO of Agaciro since September 2020 and wants to take his country’s SWF to the next level.
30th November, 2021
It is easy to forget that the UAE has a federal fund, given the high profile of their SWFs at emirate level. Luckily, its Board of Directors, led by Sheikh Mansour, reminded us of its importance last night. In his speech, the Deputy Minister of the UAE announced a new strategy “Fifty Principles” that aligns with the country’s development over the next fifty years.
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22nd October, 2021
The Republics of Kazakhstan and Azerbaijan have much more in common than the Caspian Sea and the independence from the Soviet Union in 1991. Both nations have a history of an active State Investment landscape, with various vehicles looking after different missions.
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15th September, 2021
Abu Dhabi Inc comprises three SWFs with combined AUM of nearly US$1.2 trillion, but their distinct missions and strategic asset allocation are increasingly blurred as they diversify and expand their private equity footprint.
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2nd September, 2021
The Nigeria Sovereign Investment Authority reported growth of 250% in just six years to US$3.5 billion in its latest annual report and is set to press further with infrastructure development and investment in innovation under a new board announced by President Muhammadu Buhari this week.
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1st September, 2021
Temasek is establishing a suite of its own in-house startups that are bolstering Singapore’s tech ecosystem and point to a new strategy that will be keenly studied by other state-owned investors (SOIs).
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