24th January, 2024
The Public Investment Fund’s (PIF) insatiable appetite for sport, leisure and entertainment has not abated in the first few weeks of 2024, with the Saudi sovereign wealth fund developing partnerships in electric motorsport and reportedly making a move on top Italian football team AC Milan.
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23rd January, 2024
The Netherlands’ civil service pension fund manager APG has shut down its Beijing office due to a lack of interest among its clients, following the decision four months ago by the world’s biggest sovereign wealth fund, Norges Bank (NBIM) to end operations in Shanghai.
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22nd January, 2024
Three years ago, sovereign wealth funds were plunging capital into national flag-carriers in the wake of the global lockdown, but the aviation sector is off life support and airlines have largely returned to profitability – with Kazakhstan’s Samruk-Kazyna confident to launch Air Astana Group’s IPO next month as well as relaunching its tender for up to 100% of Qazaq Air.
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18th January, 2024
Little over two weeks since the end of 2023 and the first annual returns results are trickling in from state-owned investors, with signs that it was a better year for the sector – however, geopolitical instability is expected to generate market turmoil that could reverse gains in 2024, particularly for highly liquid funds.
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17th January, 2024
Norway’s US$1.5 trillion sovereign wealth fund is adding fourth asset to its unlisted renewable energy portfolio with the acquisition of a 49% stake in onshore solar and wind farms in Spain and Portugal for EUR307 million (US$334 million).
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16th January, 2024
The Red Sea region is at significant risk of conflict escalation amid Houthi attacks on ships and retaliation by the US, UK and their partners in Operation Prosperity Guardian to protect global supply chains - and this puts Gulf sovereign wealth funds' investments in the region at increasing risk as conflict escalates.
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15th January, 2024
Singapore has started 2024 with a surge of investment in India, focusing on existing investments in real estate, infrastructure and venture capital instead of fresh acquisitions.
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12th January, 2024
Taiwan braces for a landmark presidential election tomorrow, January 13, setting the future course for Cross-Strait relations amid escalating US-China tensions and a recovering global economy. This is a high-stakes election for Taiwan, a prosperous territory claimed by China. The election results will have potential repercussions for regional stability and global markets.
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11th January, 2024
Indonesia’s sovereign wealth fund INA has won the support of the US$984 billion Abu Dhabi Investment Authority (ADIA) and Europe’s biggest public pension fund, the Netherlands’ US$546 billion APG, for toll road platform that is starting with the Trans Java Toll Road mega-project.
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9th January, 2024
The Oman Investment Authority (OIA) is reportedly in negotiations with the Egyptian government to acquire a majority stake in the Export Development Bank of Egypt (EBank) as it heads for an IPO.
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8th January, 2024
India’s National Investment and Infrastructure Fund Ltd (NIIFL) has a new CEO who promises to heighten the quasi-SWF’s commitment to the South Asian nation’s burgeoning renewables sector.
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4th January, 2024
Saudi Arabia’s PIF continues to advance its role in the Kingdom’s economy, championing state capitalism with the acquisition of a 23.1% stake in the Tadawul-listed Middle East Paper Company (Mepco) worth an estimated SAR522 million (US$139 million) based on current share prices.
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