10th May, 2023
Mubadala is furthering its ambition to become a major player in global credit markets with the expected purchase of asset manager Fortress Investment Group from SoftBank Group for US$3 billion, according to the FT.
9th May, 2023
India’s state-owned strategic fund the National Investment and Infrastructure Fund (NIIF) is planning to launch a second fund of funds this year to inject US$1 billion in liquidity into funds operated by local asset managers, according to The Mint – the fund has made no official announcement.
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.
5th May, 2023
On April 20, Charles Emond, President and Chief Executive Officer of CDPQ, received from Diego Lopez, Founder and Managing Director of Global SWF, the physical award “Fund of the Year” at the headquarters of the Canadian pension manager in Montréal.
4th May, 2023
Singaporean sovereign wealth fund GIC has joined Canadian, Dutch and Abu Dhabi peers in Europe’s expansion of electric railways, a growth area that is backed by a modal shift to rail as a key enabler of the decarbonisation of supply chains.
3rd May, 2023
As in 2021 and 2022, we have studied the performance of all major Sovereign Investors. By May, most organizations had already released results, although eight of the 50 funds featured below were yet to report them and we estimated their FY22 yield based on benchmarks. Whenever possible, returns are expressed in net, nominal terms.
2nd May, 2023
Saudi Arabia’s US$730 billion Public Investment Fund (PIF) has won backing from leading Chinese steel corporation Baoshan Iron & Steel (Baosteel) to establish the Kingdom’s first integrated steel plate manufacturing plant – and the fund is creating possibilities in green steelmaking through new partnerships.
1st May, 2023
In our April newsletter, we looked at female leadership at State Investors. Only two Asian funds are led by women today: KWAP and GPF. We had the great pleasure of speaking with Dr. Srikanya Yathip, the Secretary General of Thailand’s GPF, which has been evolving and growing very rapidly and could become a significant investor at global scale in the next few years.
28th April, 2023
Singapore’s sovereign wealth fund GIC has stumped up around US$1 billion this week for assets in logistics and electricity transmission infrastructure that align with its strategy of seeking inflation-protecting assets in anticipation of medium-term disruption from rising prices.
27th April, 2023
Australia’s A$202.8 billion (US$135.8 billion) Future Fund notched up a 3.4% return in the first quarter, as it displayed resilience against stock market volatility and inflation, delivering a 1.1% return for the full financial year ending in March.
26th April, 2023
Canadian public pension funds are planning to funnel US$1 billion of fresh capital into infrastructure investment trusts (InvITs) focusing on renewables and roads.
25th April, 2023
Abu Dhabi sovereign wealth fund Mubadala is backing a major leap forward in aviation by funding a US$2.5 billion project to build a sustainable fuel plant in Brazil.