5th May, 2022
Elon Musk’s takeover of Twitter has won the support of the US$445 billion Qatar Investment Authority (QIA), which has contributed US$375 million to his buyout.
4th May, 2022
Abu Dhabi Investment Authority’s US$2 billion joint venture deal with Boston-based real estate investment manager Rockpoint has pushed its total allocations to such real estate platforms to more than US$10 billion, according to Global SWF research.
3rd May, 2022
Montreal’s mayor has left Québec province’s US$329 billion public pension fund in the lurch by shelving plans to develop a high-frequency light rail line in the provincial capital’s east end.
2nd May, 2022
Comparing returns across State-Owned Investors is never easy and it always takes a lot of assumptions and disclaimers. Yet, most funds have now reported their FY21 results, and we have looked at the average investment returns for the past six years (which we consider a fair investment cycle) across 20 major SWFs and 20 major PPFs in an apples-to-apples analysis.
1st May, 2022
For the year ended 30 June, 2021, the Victorian Funds Management Corporation (VFMC) reported a one-year-return of 16.9% and ten-year annualized return of 9.4%. The state investor manages AUD $74.5 billion (US$ 56 billion) on behalf of 31 public authorities of the state of Victoria. Seven months ago, CEO Lisa Gray retired and passed the baton to Kate Galvin, an executive with extensive asset management, banking, wealth management, markets, and legal expertise that would enable VFMC to continue with its evolution and delivery of market leading long-term returns. We had the pleasure of chatting with Ms. Galvin about her vision for the future of the organization.
28th April, 2022
The Abu Dhabi Investnent Authority (ADIA), Singapore’s GIC and Norway’s Norges Bank Investment Management (NBIM) are among those engaged in talks as potential anchor investors in the floatation of government-owned Life Insurance Corporation of India (LIC), reports Bloomberg.
27th April, 2022
Investment in India’s infrastructure has an enduring attraction for sovereign wealth funds with around US$18 billion allocated to the development of the South Asian economy by state-owned investors from 2016 to date - and Saudi Arabia is set to boost that level even further with new plans that are set to involve green energy expansion.
26th April, 2022
Kazakhstan’s Samruk Kazyna sovereign wealth fund is hiring someone to help draft its new strategy and seeking to boost transparency and improve governance, just months after cutting half its staff to 124 personnel and closing offices in Beijing, Moscow and London and ahead of plans to divest portfolio companies.
25th April, 2022
The acquisition of a 75% stake in Paddington Central – a significant area of prime real estate regeneration in London – by Singaporean sovereign investor GIC demonstrates a revival of interest in the British capital’s real estate market, as it shakes off the risks associated with Brexit and the pandemic.
22nd April, 2022
The Abu Dhabi Investment Authority (ADIA) and Australia’s healthcare sector superannuation fund HESTA have joined a consortium led by US private equity firm KKR that is seeking to buy Australia-based global hospital operator Ramsay Health Care for A$20 billion (US$15 billion) - a move that proves Australia is an enduring attraction for both domestic and foreign state-owned investors (SOIs).
21st April, 2022
Norges Bank (NBIM) has reported that the Government Pension Fund Global returned -4.9% in Q1 2022, delivering a loss of NOK653 billion (US$73 billion), suggesting that sovereign funds can expect a rocky year ahead - but also that diversification in private markets could cushion the blow.
20th April, 2022
The transition to low carbon energy sources is at the top of the agenda of Arab sovereign wealth funds as they seek to diversify domestic and regional economies and gain exposure to progress towards the Paris Agreement’s net zero goals.