12th August, 2022
Korea’s state investors are pushing forward with their plans to boost allocations to private markets – and external managers are benefiting from the multi-billion dollar surge in sovereign cash.
12th August, 2022
The Canada Pension Plan (CPP) has reported a 4.2% decline in its assets over the latest quarter to C$523 billion (US$410 billion) due to a net loss of C$23 billion, alongside C$7 billion in net transfers.
10th August, 2022
Saudi Arabia’s rapidly growing Public Investment Fund (PIF) could become the biggest shareholder in the UK’s busiest airport if it goes ahead with the acquisition of Ferrovial’s 25% stake.
9th August, 2022
The UAE is comprised of seven different emirates, even though we often hear about the largest two only: Abu Dhabi and Dubai. The third major emirate is Sharjah, which hosts 23% of the population in just 3% of the area. It is the third largest economy, with about US$ 25 billion GDP, even though it only holds about 2% of the oil reserves, suggesting certain degree of diversification.
8th August, 2022
The Softbank Group, founded and chaired by billionaire Masayoshi Son, announced its result for the quarter ended June 30, 2022 last night. The group, which includes the Vision Funds, a 25% stake in Chinese giant Alibaba, and other significant investments, reported an operating loss of US$ 24.5 billion, due to the global markets turmoil and to the rapid fall of the yen against the dollar.
4th August, 2022
Alaska Permanent Fund Corporation just released its results for the fiscal year ended on June 30, 2022, with negative return of-1.3% in the 12-month period and -6.9% in the last six months. The new value of the fund’s AuM is US$ 77.3 billion, down from US$ 81.8 billion a year ago.
3rd August, 2022
This is an eventful week for the Republic of China, also known as Taiwan, and Asian stock markets are not reacting well to the added geopolitical tensions after the visit of US’ House of Representative Speaker to the island. The main index for companies traded on the Taiwan Stock Exchange, TAIEX, has lost -1.3% this week, and is down -19.1% this year so far, the second largest loss among the world’s major stock indexes, only behind Nasdaq.
2nd August, 2022
On Monday, August 1, Mubadala made an offer to buy an additional 45% of Zamp SA, the master franchisee of Burger King, Domino’s and Popeye, among other fast-food restaurant brands in Brazil. The Abu Dhabi fund already owns 5% of the company, which it acquired in 2013 as part of Batista’s US$ 2 billion portfolio.
1st August, 2022
During Covid-19, the NDFI played an important role in Iran as it supported the production of vaccines and stabilized capital markets. With assets of over US$ 140 billion, the fund is now ready for some changes including investments overseas. We had the immense pleasure of hearing about its latest developments and future plans from its Chairman, Dr. Ghazanfari.
29th July, 2022
In a move that emulates the strategic approach of Singapore’s Temasek, the Hong Kong Monetary Authority’s (HKMA) Hong Kong Growth Portfolio is establishing a HK$5 billion (US$637 million) Strategic Tech Fund, Finance Secretary Paul Chan Mo-po told the South China Morning Post this week.
28th July, 2022
Despite the fall from grace of crypto currencies in recent months, sovereign investors are still looking at exposure to the sector – and continue to pump in millions in a bid to increase risk into their profile in the hope of long-term yield, with Singaporean state-owned investors GIC and Temasek leading the charge.
27th July, 2022
The latest annual report by Singapore’s sovereign wealth fund GIC suggests the fund witnessed a sharp dip in performance in FY2021/22, with its highly liquid portfolio hit by the global market turmoil that followed the Russian invasion of Ukraine.