4th August, 2021
With the drive towards net zero, the logical way asset owners can reduce the carbon intensity of their portfolios is to simply cut out exposure to fossil fuels. It is an easy and quick way to prove sustainability, but selling assets to third parties simply reduces the asset owner’s carbon emissions with little impact on climate change.
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3rd August, 2021
China’s crackdown on consumer technology companies is having a chilling effect on the country’s attractiveness to venture capital, but although Temasek appears to have the most to lose it is continuing to plough millions into Chinese startups.
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2nd August, 2021
The infrastructure arm of Ontario’s public employees pension fund OMERS has taken a chunk of Indian renewables producer Azure Power, which is majority owned by Québec’s CDPQ. Yet, Global SWF research finds that state-owned investors are increasingly reticent about risks in the Indian renewables market, while at the same time they are being lured to developed markets where opportunities are opening up in energy transition.
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1st August, 2021
Last June was the 10th anniversary of the Establishment Act of the Nigeria’s NSIA, a multi-billion, multi-mission fund that has rapidly emerged as a role model for SWFs and Governments across the continent. In our 2021 GSR Scoreboard, the fund scored 100% in Governance and Resilience. We had the immense privilege to talk with Mr. Uche Orji, NSIA‘s CEO since 2012, about the fund’s success factors and future plans.
30th July, 2021
Earlier this month, food delivery company Zomato went ahead with its planned IPO in the Bombay Stock Exchange, becoming India’s biggest offering of the year so far. The process was oversubscribed 10.7 times, and the company raised US$ 564 million from 186 anchor investors including ADIA, CPP, GIC and OMERS.
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29th July, 2021
The African continent is vast in size, diversity and wealth - and its SWFs need specific guidance on governance and resilience. Today, its wealth of US$ 97.9 billion is managed by 30 SWFs or sub-funds: 9 stabilization, 9 savings and 12 strategic funds. This capital is unevenly distributed, with significant differences between the North and the South of the Sahara desert.
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28th July, 2021
The auctioning of London-based luxury store chain Selfridges appears to be re-engaging Arab SWFs with the British capital’s premium real estate market.
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27th July, 2021
Four leading state-owned investors have thrown their weight behind the Brookfield Global Transition Fund to invest in clean energy and bolster the Paris climate commitment of net zero by 2050.
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27th July, 2021
Last Friday, GIC reported its best results in a long time, with rolling returns improving significantly and implying an annual yield for FY21 of 37.5%. Yesterday it was BCI who reported a 16.5% (FY ending on March 31) and CalSTRS who announced a record of 27.2% (FY ending on June 30).
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25th July, 2021
The Singaporean Sovereign Wealth Fund just released its latest results coinciding with the 40th anniversary since its establishment in May 1981 and has reasons to be very proud.
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21st July, 2021
Abu Dhabi sovereign wealth fund Mubadala could earn up to US$30 billion from selling its semiconductor business GlobalFoundries to Intel - US$10 billion more than the enterprise value estimated earlier this year when it mooted an IPO.
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20th July, 2021
The Rwandan government has appointed seven new board members from the global asset management industry to the Agaciro Development Fund as it seeks to take the sovereign wealth fund to the next level.
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