1st September, 2022
In the past few years, Spain’s COFIDES has become a very active manager of Sovereign capital, financing over 1,000 projects in over 100 countries and establishing partnerships with GCC funds including OIA, QIA and Mubadala. We had the great pleasure of talking with its Director-General, Rodrigo Madrazo, about the fund’s current activities and future strategy.
31st August, 2022
Climate change and population growth, along with the conflict in Europe’s breadbasket Ukraine and soaring energy prices, are creating the ideal storm in which famines become more likely.
30th August, 2022
Emirati and Canadian funds are following a similar pattern in Europe, pledging big capital injections in infrastructure following top-level bilateral diplomacy.
29th August, 2022
One of the world’s largest pension schemes, South Korea’s National Pension Service (NPS), released on Monday its latest results and the numbers are worrisome. In the first half of 2022, the investment manager had an investment return of -8.0%, translating into a loss of US$ 57 billion for South Korean pensioners.
26th August, 2022
The H1 performance of Sweden’s public pension funds, overseen by AP-Fondon, appeared to confirm what institutional investors have always thought - private markets are a good hedge against public market volatility - but Global SWF research finds that the truth is far more complex.
25th August, 2022
Saudi Arabia’s creation of a new Health Holding Company (HHC) raises the prospect that its sovereign wealth fund, the Public Investment Fund (PIF), will follow Abu Dhabi’s ADQ in taking control of local health services both as a strategic concern and as a commercial enterprise.
24th August, 2022
Qatar is a master of punching above its weight in geopolitical and economic terms, using its natural resource wealth to advantage its influence and connections throughout the world.
23rd August, 2022
The development of African sovereign wealth funds is a slow process and missed targets are the norm, but a combination of the continent’s natural wealth, human resources and political will are facilitating progress.
22nd August, 2022
Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, is preparing to float a stake in oil company KazMunayGas (KMG) to raise “hundreds of million of dollars”, which will help fund a pipeline of projects including the development of renewable energy.
19th August, 2022
DP World’s 60.4% surge in revenue to US$7.93 billion in H1 2022, providing US$721 million (up 51.8% y-o-y) of profit to owner Dubai World, the Dubai government’s global investment vehicle.
18th August, 2022
Since the passing of Abu Dhabi and UAE leader Sheikh Khalifa in May, two of the Emirate’s sovereign wealth funds – Mubadala and ADQ – have shown increasing signs of co-operation with this week seeing the Mubadala-backed artificial intelligence firm G42 forming a partnership with ADQ’s venture capital arm the Abu Dhabi Growth Fund to create a US$10 billion fund with a focus on tech investments in emerging markets.
17th August, 2022
With markets in turmoil due to the energy price spike following Russia’s intervention in Ukraine, losses were to be expected in H1 – yet, recent results indicate that private markets are a good hedge against the impact on nosediving public equities.