24th May, 2023
Canada’s biggest public pension fund, CPP Investments, has chalked up a net return of 1.3% for the fiscal year to end-March with assets increasing by 5.8% to C$570 billion (US$422 billion).
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23rd May, 2023
On May 16, the Government of Qatar issued a rare Amiri decree to reorganize its SWF, allowing the Qatar Investment Authority (QIA) take a more active role in the development of the local market and in the attraction of foreign direct investment. A day later, the fund announced the establishment of a US$ 275 million market-making program at the Qatar Stock Exchange (QSE), which is solely owned by the QIA.
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22nd May, 2023
Abu Dhabi’s Mubadala reported a 2.9% drop in assets under management to AED1,015 billion (US$276 billion) in 2022, the largest contraction since 2014, but its -3.1% single-year return outstripped the benchmark and industry average (-8.1%)
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19th May, 2023
Indian real estate is a hot target for Singapore’s sovereign wealth fund GIC, which this week signed a US$1.4 billion 50:50 joint venture with Brookfield India REIT (BIRET) to two large commercial office assets in Mumbai and Gurugram – hailed by the fund as “the first-of-its-kind partnership In India between a listed REIT and a global institutional investor.”
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18th May, 2023
Britain’s “Future Fund”, overseen by the state-owned British Business Bank (BBB), is completing its third year of operations this week having delivered GBP1.14 billion of investment in startups during the pandemic – yet performance is mixed, criticism is fierce, and the possibility of a fully-fledged UK sovereign wealth fund remains dim.
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17th May, 2023
Hassana, the manager of Saudi Arabia’s General Organization of Social Insurance (GOSI), has revealed that its total portfolio is worth an incredible US$320 billion, following a two-year process of absorbing Raidah which managed the Public Pension Agency (PPA).
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16th May, 2023
Saudi Arabia’s US$730 billion sovereign wealth fund, the Public Investment Fund (PIF), threw its weight behind green energy, gaming and the internet in the first quarter, while slashing exposure to payments processor Visa and Chinese e-commerce company Pinduoduo.
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15th May, 2023
Nigeria’s sovereign fund is set to fuel the country’s infrastructure growth with up to US$1 billion in a three-year program of investment in solar energy and healthcare.
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12th May, 2023
Governments favor sovereign wealth funds as vehicles that can put cash to good use, whether for fiscal stabilization, inter-generational savings and strategic economic development – but Taiwan’s central bank has lodged its objection to Taipei’s plans for a fund that could utilize foreign exchange reserves.
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11th May, 2023
Sovereign wealth funds of Saudi Arabia and Abu Dhabi - the Public Investment Fund (PIF) and Mubadala – continue to be major losers of Masayoshi Son’s Vision Fund gambles on tech venture capital.
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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.
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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.
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