SustainabilityHQ SWF News and Information Dashboard

Listed below are the 50 most recent news articles about SWFs, continuously gathered from around the globe by the Institute.  The flow of news involved SWFs in general as well as the activities of specific SWFs and their investments. Archives are available in this content silo (which are permanently maintained).

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Sovereign Wealth Fund News
NEITI Seeks Abolition of Excess Crude Account   
July 07, 2020
Source: This Day - Emmanuel Addeh in Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday called on the federal government to immediately abolish the Excess Crude Account (ECA) and transfer the balance to the Nigerian...
[more] 
Breathe easy, the open-plan office is dead   
July 07, 2020
Source: Citywire - Not only would employees breathe better, the building would also cost less to run. As Covid-19 poses serious questions about wellbeing, and the public health risk of having hundreds – potentially thousands – of people...
[more] 
Dr Mahathir's review bid in misfeasance of public office suit dismissed   
July 07, 2020
Source: Astro Awani - Dr Mahathir and Datuk Seri Khairuddin Abu Hassan sought to review the earlier decision of the Federal Court with regards to their lawsuit against Datuk Seri Najib Tun Razak.
[more] 
OP-ED: How do we revive the economy'   
July 07, 2020
Source: Dhaka Tribune - Prioritizing policy in the backdrop of Covid-19
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Future Drought Fund's first round of spending for farmers announced by Federal Government   
July 07, 2020
Source: ABC NEWS on MSN.com - The Government announces how it will spend the first round of its $5 billion Future Drought Fund, designed to help farmers better prepare for dry times.
[more] 
Blue Ashva Capital hits initial close of SME-focussed fund   
July 07, 2020
Source: VCCircle - Blue Ashva Capital, an India- and Singapore-based investment firm that concentrates on sustainable businesses in core sectors,
[more] 
Longroad Energy's Three Corners Solar Project to Provide Education Funding Through Unity College Partnership   
July 07, 2020
Source: YAHOO! - Longroad Energy, a US-based renewable energy developer, owner and operator, and Unity College announced a partnership today through which Longroad's Three Corners Solar project will provide $100,000 to fund faculty and student...
[more] 
UAE Cabinet reshuffle: federal fund handed more assets and responsibilities   
July 07, 2020
Source: The National Blogs - In a decision announced by Sheikh Mohammed bin Rashid, companies including Federal Electricity and Water Authority and Emirates Real Estate Corporation are now attached to the Emirates Investment Auth
[more] 
For sale: Jho Low's Beverly Hills hotel priced at RM427mil and above   
July 07, 2020
Source: The Star - A boutique hotel, with 116 rooms, a rooftop pool and jet-setting clientele, owned by fugitive Malaysian financier Low Taek Jho who is involved in the 1Malaysia Development Berhad (1MDB) scandal, is up for sale for over US$100mil...
[more] 
ESR Sets Up RMB 1.7B China Logistics JV with Manulife   
July 07, 2020
Source: Mingtiandi - ESR today announced a new logistics real estate joint venture with Manulife, with the new firm purchase four warehouses from a PGGM-backed fund.
[more] 
Kuwait's budget crunch may push it to tap fund for life after oil   
July 07, 2020
Source: Arabian Business - Lawmakers are rejecting attempts to cut citizens' salaries and subsidies though, which account for more than 70% of spending
[more] 
U.S. Envoy Forges Ahead With Troubled Taliban Peace Deal   
July 07, 2020
Source: Bloomberg - In a series of tweets early Saturday, the U.S. envoy said he had met with the Qatar Investment Authority and the Taliban’s chief negotiator Mullah Abdul Ghani, in the tiny Gulf state’s capital ...
[more] 
Australian and Canadian pension funds join Dutch SDI platform   
July 07, 2020
Source: IPE - AustralianSuper and British Columbia Investment Management have joined the Sustainable Development Investments Asset Owner Platform announced by Dutch pension investors APG and PGGM last year. The vehicle will offer insight into...
[more] 
China's gold reserves at 62.64 mln ounces at end of June   
July 07, 2020
Source: Xinhua - China's gold reserves stood at 62.64 million ounces at the end of June, the State Administration of Foreign Exchange (SAFE) said Tuesday. The total value of the gold reserves reached around 110.76 billion U.
[more] 
China's foreign exchange reserves up 0.3% from late May   
July 07, 2020
Source: China Daily - China's foreign exchange reserves were recorded at $3.11 trillion as of late June, up 0.3 percent from a month earlier, said Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange,
[more] 
Brooks Brothers nears bankruptcy as talks heat up with potential buyer   
July 07, 2020
Source: YAHOO! - Iconic clothing franchise Brooks Brothers is nearing a bankruptcy filing that could take place as early as this week, sparking a possible bidding war for the troubled company, FOX Business has learned.
[more] 
Group petitions EFCC over misappropriation of N900 billion Zamfara funds   
July 07, 2020
Source: The Sun - The group, in the petition to the EFCC, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Nigerian ... salaries bailout, Excess Crude Account, Commercial ...
[more] 
AustralianSuper throws weight behind SDG platform   
July 07, 2020
Source: Financial Standard - AustralianSuper, the nation's largest superannuation fund, has joined British Columbia Investment Management and PGGM to establish the Sustainable Developments Investments Asset Owner Platform (SDI AOP).
[more] 
HKMA sells HK$8.14 bln into market as currency hits strong end of trading band   
July 07, 2020
Source: Reuters - The Hong Kong Monetary Authority sold HK$8.138 billion ($1.05 billion) into the market after the local currency hit the strong end of its trading band, according to data released by the HKMA.
[more] 
EQT lowers bid for New Zealand retirement village operator Metlifecare   
July 07, 2020
Source: IPE - Swedish private equity group walked away in April from a higher bid citing uncertainty created by the COVID pandemic
[more] 
Hong Kong steps in to weaken the local dollar, as hot money inflows defy doomsday talk of capital flight after China's security law   
July 07, 2020
Source: YAHOO! - Hong Kong's monetary authority stepped into the financial markets to weaken the local currency on Tuesday, the 23rd time this year it's had to rein in the effects of hot money and its first intervention since last week's...
[more] 
Tengku Zafrul: Malaysia still in talks with Goldman Sachs, seeking ‘fair’ settlement over 1MDB   
July 07, 2020
Source: Malay Mail on MSN.com - Putrajaya said today it is still pursuing talks with investment bank Goldman Sachs over a settlement involving the 1Malaysia Development Berhad (1MDB) financial scandal,
[more] 
What Type Of Shareholders Make Up SEGRO Plc's (LON:SGRO) Share Registry'   
July 07, 2020
Source: YAHOO! - A look at the shareholders of SEGRO Plc (LON:SGRO) can tell us which group is most powerful. Generally speaking, as
[more] 
China’s support for US dollar can no longer be relied upon   
July 07, 2020
Source: The Financial Times - Ever since 2001, when China was allowed unfettered entry into the World Trade Organization, the country US currency and suppressing US bond yields. In barely two decades, China’s share of the $140tn pool of global liquidity...
[more] 
US envoy forges ahead with troubled Taliban peace deal for Afghanistan   
July 07, 2020
Source: Army Times - Washington’s envoy to Afghanistan on Saturday emphasized the economic benefits of the peace deal with the Taliban, forging ahead with an agreement that has run into new political obstacles in the U.S.
[more] 
Hong Kong Stocks Surge Into a Bull Market in Win for Government   
July 07, 2020
Source: Bloomberg on MSN.com - Hong Kong’s rallying stock market is defying predictions of the death of the city in the wake of a new security law.
[more] 
Jelly Belly and Yeezy got PPP loans. Which other California companies benefited'   
July 07, 2020
Source: Los Angeles Times on MSN.com - Jelly Belly, Kanye West’s Yeezy apparel company and the SETI Institute, which searches for extraterrestrial life, are all California companies that received millions in loans from the federal coronavirus relief program for...
[more] 
China forex regulator says Wang Chunying appointed as a deputy administrator   
July 06, 2020
Source: Reuters - China’s foreign currency regulator said on Monday Wang Chunying was appointed as a deputy administrator. The State Administration of Foreign Exchange (SAFE) made the announcement in a statement on its website.
[more] 
Metlifecare gets new offer from Swedish suitor   
July 06, 2020
Source: Stuff.co.nz - A fresh takeover offer has been made for retirement village and aged care provider Metlifecare by the same company which made a higher bid for it last year. Asia Pacific Village Group has offered to buy Metlifecare for $6.
[more] 
UAE restructures government, seeking more agility as it deals with coronavirus impact   
July 06, 2020
Source: Reuters - The United Arab Emirates announced a broad government restructuring on Sunday for more "agile and swift" decision-making following the coronavirus pandemic, merging government entities and appointing new economy and industry...
[more] 
Announcement on the Completion of the New Manulife-ESR Joint Venture's Acquisition of PGGM's Real Estate Portfolio for RMB1.7 Billion   
July 06, 2020
Source: YAHOO! - About Manulife Investment Management's Real Estate Platform Manulife Investment Management's comprehensive private markets platform includes Real Estate, Private Equity and Credit, Infrastructure, Timber and Agriculture. Through...
[more] 
New Mexico Educational Retirement Board Has $411,000 Stock Holdings in Advance Auto Parts, Inc. (NYSE:AAP)   
July 06, 2020
Source: theenterpriseleader.com - New Mexico Educational Retirement Board lowered its holdings in Advance Auto Parts, Inc. (NYSE:AAP) by 20.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission.
[more] 
Avisa to go public on Toronto exchange   
July 06, 2020
Source: Albuquerque Journal - However, the financial deal with GEM, a $3.4 billion global investment firm, requires Avisa to go public outside the U.S., said Avisa president and CEO David Joseph. “We can draw down as little or as much as we need of the...
[more] 
Sheikh Khalifa approves new UAE government structure   
July 06, 2020
Source: Khaleej Times - The new structure includes the closure of 50 per cent of government services centres and their transformation into digital platforms within two years.
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One-third of Kuwait’s general reserve fund is gone   
July 06, 2020
Source: Gulf News on MSN.com - Kuwait City: The General Reserve Fund (GRF) has lost 1.5 billion Kuwaiti dinars (Dh17.9 billion) in the past 38 days, Kuwait media reports. The fund currently has 3 billion Kuwaiti dinars in liquidity,
[more] 
Doubts on uni fee reforms but Tehan says more people will graduate   
July 06, 2020
Source: The Australian Financial Review - The Education Minister rejects claims the changes to university fees will have the opposite effect to that intended and push students away from "growth economy" jobs.
[more] 
Sheikh Mohammed reshuffles UAE cabinet, merges ministries, creates new entitites   
July 06, 2020
Source: Gulf News on MSN.com - President and Prime Minister of the UAE and Ruler of Dubai, on Sunday reshuffled the Cabinet, merged ministries and change entities, creating a more lean, resilient and faster government that can respond to national priorities.
[more] 
Engineers Gate Manager LP Cuts Stock Holdings in Public Storage (NYSE:PSA)   
July 06, 2020
Source: theenterpriseleader.com - Engineers Gate Manager LP lessened its holdings in Public Storage (NYSE:PSA) by 41.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,011 shares of the real estate investment trust’s...
[more] 
President approves new structure of UAE Government   
July 06, 2020
Source: Middle East North Africa Financial Network - ABU DHABI, 5th July, 2020 (WAM) -- President His Highness Sheikh Khalifa bin Zayed Al Nahyan approved the new structure of the UAE Government. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President,
[more] 
Derivative rule relaxation boosts foreign investment in Chinese bonds   
July 06, 2020
Source: The Asset - Despite travel restrictions imposed by governments across Asia in 2020, cross-border capital inflows into China have not slowed, and the opening-up of the country’s derivative market has further paved the way for foreign...
[more] 
Umno regains access to account, withdraws contempt bid against CIMB   
July 06, 2020
Source: The Star - UMNO today withdrew its application to initiate contempt proceedings against CIMB Bank, as the political party has regained access to its account there.
[more] 
Major changes in UAE government structure   
July 06, 2020
Source: Trade Arabia - UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has approved the new structure of the UAE Government, said a Wam news agency report. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President,
[more] 
Delays, disputes and definitions: Investors navigate the EU’s green taxonomy   
July 06, 2020
Source: Citywire - Selectors and fund managers have their work cut out complying with the EU’s template for sustainability. Margaryta Kirakosian talks to fund selectors and fund managers about the system’s pros and cons and what it...
[more] 
Case management for Tony Pua's 1MDB suit against Najib fixed for Dec 2   
July 06, 2020
Source: The Star - KUALA LUMPUR (July 6): The proceedings of the suit filed by Damansara MP Tony Pua against former prime minister Datuk Seri Najib Tun Razak for alleged misfeasance in public office in relation to 1Malaysia Development Berhad...
[more] 
Kuwait’s Budget Crunch May Push It to Tap Fund for Life After Oil   
July 06, 2020
Source: YAHOO! - Kuwait, one of the world’s wealthiest countries, is in a budget crunch so severe that it may have to soon begin leaning on a fund intended to prepare it for a future without oil.Running a deficit that could reach 40% of its...
[more] 
Thames Water’s former chief handed £2.8m pay-off   
July 06, 2020
Source: The Financial Times - Britain’s biggest water company, has awarded its former chief executive a £2.8m pay-off even though he was ousted by the board last year for failing to improve pe
[more] 
HKMA sells HK$5.43 bln as currency hits strong end of trading band   
July 06, 2020
Source: Reuters - The Hong Kong Monetary Authority sold HK$5.425 billion ($700 million) into the market in Hong Kong trading hours after the local currency hit the strong end of its trading band, according to data released by the HKMA.
[more] 
The dazzling rise and tragic fall of Saudi Arabia’s Mohammed bin Nayef   
July 06, 2020
Source: Washington Post - A grim new chapter in the Saudi “Game of Thrones” battle for control of the kingdom appears to be underway, as Crown Prince Mohammed bin Salman prepares corruption and disloyalty charges against his predecessor and...
[more] 
Phase II of Saudi NEOM English language program begins   
July 06, 2020
Source: Zawya - The planned NEOM city on the coastline of the Red Sea will extend into neighboring Egypt and Jordan and has received $500 billion in financial support from Saudi Arabia’s Public Investment Fund (PIF). It is expected to be...
[more] 
Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia   
July 06, 2020
Source: pymnts.com - Google and Temasek are in talks to invest as much as $1 billion for Tokopedia, the Indonesian eCommerce retailer.
[more] 
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