Saudi's PIF Set to Score Newcastle Deal in Extra Time

6th October, 2021

Saudi Arabia’s Public Investment Fund (PIF) is set to turn Newcastle United into one of the world’s most valuable football clubs if its planned GBP300 million takeover of the English Premiership side finally gets approval.

New Funds Sign Up to OPSWF, But Does it Make a Difference to Climate Change?

6th October, 2021

Concern over climate change continues to prompt state-owned investors to declare their commitment to fighting greenhouse gas emissions with One Planet Sovereign Wealth Funds (OPSWF) signing up four new SWF members this week. Yet, the lack of standardization of greenhouse gas auditing and reviews of progress towards targets makes judging OPSWF's real world impact difficult to measure.

Putin’s Limits on NWF Spending Reflects Inflation and Depletion Concerns

4th October, 2021

Russian President Vladimir Putin’s decision to limit the spending of his country’s US$190 billion sovereign wealth fund, the National Wealth Fund (NWF), could help resolve uncertainty over its mandate and direction – although already announced big NWF-financed projects ahead of the 2024 presidential election are likely to go ahead.

Fund of the Month (Oct'21): AIMCo

1st October, 2021

In 2020, the impact of COVID-19 was felt among investment managers across the world and AIMCo was no different, incurring large losses. Since then, in an attempt to pursue stability and sustainability, the Alberta-based organization has appointed a new CISO, CRO, CFO, and on July 1 this year, a new CEO. As a result of some of these efforts, the fund enhanced its result in Global SWF’s GSR Scoreboard, from 84% in 2020, to 92% in 2021. We had the great pleasure of hearing more from Mr. Mark Prefontaine, AIMCo’s Chief Client & Stakeholder Relations Officer.

OTPP Plans More than US$12 billion More Investments in Venture Capital

30th September, 2021

Canadian public pension fund Ontario Teachers’ Pension Plan (OTPP), with AUM of C$221.2 billion (US$173 billion), is planning to more than triple its allocation to venture capital to up to 10% by 2026. As a result, it will ramp up its investments in startups by at least US$12 billion.

CDPQ and OTPP Continue Canadian Green Push

29th September, 2021

Canadian public pension funds have been among the leaders in seeking to decarbonize their portfolio and Canada’s second biggest fund - Caisse de depot et placement du Quebec (CDPQ) - is taking it a step further by pledging to divest C$3.9 billion (US$3.1 billion) of oil assets by end-2022.

Australia's New Merged Super Fund Looks to a New Era

28th September, 2021

The merger of Australia’s QSuper and Sunsuper creates the country’s second biggest public pension fund with AUM of US$152 billion and two million members, sending the combined entity up the global league table to 22nd place, between Denmark’s ATP and behind Canada’s BCI and PSP Investments.

SWF Industry AUM Tripled to Over US$10 trillion Since 2008 Crash

27th September, 2021

The Sovereign Wealth Fund industry has experienced a dramatic growth in capital and sophistication since the Global Financial Crisis in 2008. During the past 13 years, 62 new SWFs have been established (38 of them with a strategic function), and the industry’s AUM has tripled from US$3.4 trillion to US$10.3 trillion.

Abu Dhabi Inc Probes Turkey's Potential

25th September, 2021

Abu Dhabi Inc is taking a big interest in Turkey with plans for “billions of dollars” of investment in the country by the Emirate’s sovereign wealth funds.

Rwanda Courts QIA in its Bid to Become Africa’s Financial Heart

23rd September, 2021

The Qatar Investment Authority (QIA) is in discussions with the Rwandan government on setting up the headquarters of its future fund for sub-Saharan Africa in the small but rapidly developing African state, according to Africa Intelligence.

Temasek Makes Offering for Loss-Making Sembcorp Marine as it Follows Renewables Trend

22nd September, 2021

Singaporean state-owned investor Temasek has made a takeover offer for the troubled offshore oil platform and ship producer Sembcorp Marine, after increasing its shareholding by 4% to 46.6% and triggering an obligation to make a bid for the shares it does not own.

PIF Plans Multi-Billion Green Bond Financing for Tourism Mega-Project

21st September, 2021

While sovereign wealth funds are poised to invest more funds in green bonds to extend their ESG credentials in fixed income, Saudi Arabia’s Public Investment Fund's portfolio companies are issuing their own green bonds to support the fund's domestic economic development plans.

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