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

SEC, SASB, GRI, IIRC, FSB-TCFD

Z Energy Ltd ZEL   
October 26, 2020
Source: Morningstar%2c Inc. - We make no change to our NZD 6.35 fair value for no-moat Z Energy. The Kiwi refined fuel retailer appears to be gradually recovering from the depths of the COVID-19-inspired collapse in fuel demand.
[more] 
Nigeria: EndSars - Tension As N'delta Militants Roll Out 11-Point Demand   
October 26, 2020
Source: AllAfrica.com - MILITANT groups from the nine states of the Niger Delta region, which vowed to resume hostilities, last Monday in support of #EndSARS protests, triggered fresh anxiety, weekend, as it presented 11 new demands to the Federal...
[more] 
Imagine if NM had a yearly Flying 400   
October 26, 2020
Source: Albuquerque Journal - Imagine if, instead of a Flying 40 event, New Mexico celebrated an annual Flying 400 event. Not only would our economy now be based on disruptive innovation, but everyone in New Mexico would enjoy a higher quality of living.
[more] 
Google, Temasek Agree to Invest $350 Million in Tokopedia   
October 26, 2020
Source: Bloomberg - Google and Temasek Holdings Pte have agreed to invest about $350 million in PT Tokopedia, people familiar with the matter said, a major cash infusion that will bankroll the Indonesian online mall’s post-Covid-19 expansion....
[more] 
Samsung Heirs Owe Billions in Taxes. Here’s How They Might Pay   
October 26, 2020
Source: Bloomberg on MSN.com - The heirs of Samsung Electronics Co. Chairman Lee Kun-hee, who died Sunday, could face billions of dollars in inheritance taxes. But that doesn’t necessarily mean they’ll have to cede control over the group by selling...
[more] 
Saudi PIF in talks to buy stake in Indian-owned retail chain LuLu Group: report   
October 26, 2020
Source: Domain-b - The Public Investment Fund, Saudi Arabia’s sovereign investment fund, is looking to acquire a stake in Lulu Group, the Indian-owned retail chain. Yusuf Ali, 64, chairman of the LuLu Group, was ranked the richest expat in...
[more] 
Samsung chairman dies at 78   
October 26, 2020
Source: MyBroadband - Lee Kun-hee, who transformed Samsung Electronics Co. from a copycat South Korean appliance maker into the world’s biggest producer of smartphones, televisions and memory chips, has died. He was 78.
[more] 
'Lower-for-longer' interest rates could weigh on HSBC and other Hong Kong lenders' third quarter results, analysts say   
October 26, 2020
Source: YAHOO! - Investors will be watching to see how "lower-for-longer" interest rates are weighing on the bottom lines of Hong Kong's banks as the city's biggest lenders prepare to report their third-quarter results beginning this week,
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Outbound investment limits to be eased further   
October 26, 2020
Source: China Daily - China will further ease outbound investment limits and allow more domestic institutional investors to purchase financial assets in the global market as part of its financial market reform and opening-up,
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China may be ramping up de-dollarization by dumping US Treasuries, experts say   
October 26, 2020
Source: RT - Beijing may be speeding up the diversification of its foreign exchange reserves away from US dollar assets in response to Washington’s potential sanctions, the South China Morning Post reported, citing analysts.
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China’s foreign exchange reserves have been remarkably stable. Puzzled economists wonder why   
October 26, 2020
Source: South China Morning Post - China’s reserve assets held in foreign currencies have stayed relatively stable in recent years. Some economists say Beijing may be managing the currency through capital outflows.
[more] 
Microsoft Co. (NASDAQ:MSFT) Shares Bought by PGGM Investments   
October 26, 2020
Source: modernreaders.com - PGGM Investments boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,
[more] 
Google, Temasek agree to invest US$350mil in Tokopedia   
October 26, 2020
Source: The Star - Google and Temasek Holdings Pte have agreed to invest about US$350mil (RM1.45bil) in PT Tokopedia, people familiar with the matter said, a major cash infusion that will bankroll the Indonesian online mall’s post-Covid-19...
[more] 
Russia's National Wealth Fund seen at around 12.5 trillion roubles by end-2020: TASS cites finance minister   
October 26, 2020
Source: Reuters - Russia's Finance Minister Anton Siluanov said on Sunday that the size of the National Wealth Fund will stand at around 12.5 trillion roubles ($164.26 billion) by the end of this year, the TASS news agency cited him as saying.
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Xinhua Silk Road: High-quality financial dev. discussed at Annual Conference of Financial Street Forum 2020   
October 26, 2020
Source: Business Insider - The Annual Conference of Financial Street Forum 2020 convened from Oct. 21 to 23 witnessed officials and experts talking about high-quality financial development. The 3-day event, held in Beijing's downtown Financial Street,
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Russia's National Wealth Fund seen at around $164.26bln by end-2020: TASS cites finance minister   
October 26, 2020
Source: Zawya - Russia's Finance Minister Anton Siluanov said on Sunday that the size of the National Wealth Fund will stand at around 12.5 trillion roubles ($164.26 billion) by the end of this year, the TASS news agency cited him as saying.
[more] 
Temasek, Google to invest US$350 million in Indonesia's Tokopedia   
October 26, 2020
Source: The Straits Times - Google and Temasek Holdings have agreed to invest about US$350 million (S$475.7 million) in PT Tokopedia, people familiar with the matter said, a major cash infusion that will bankroll the Indonesian e-commerce giant's...
[more] 
Japanese PM Suga set to target zero emissions by 2050 in policy shift   
October 26, 2020
Source: The Straits Times - TOKYO - Prime Minister Yoshihide Suga on Monday (Oct 26) is set to bind Japan to a target for carbon neutrality by 2050, a shift in stance that will bring the country in line with the European Union and more than 60 other nations...
[more] 
PSP NCMPs will focus on Jobs, Social Safety Nets   
October 26, 2020
Source: WHAT HAS - The two Non-Constituency Members of Parliament (NCMPs) of the Progress Singapore Party (PSP) will focus on ‘jobs for Singaporeans and social safety nets’ wh
[more] 
4 initiatives honored for retirement innovations   
October 25, 2020
Source: Pensions&Investments - A collaboration by APG Asset Management, Blue Sky Group, technology firm Hyfen, insurance company Nationale-Nederlanden and PGGM, for innovative technology. The A$54 billion Cbus Super ...
[more] 
A Huge Pension Bought PayPal, Cisco, and Activision Stock. Here’s What It Sold.   
October 25, 2020
Source: Barron's - Dutch pension giant PGGM doubled its investment in PayPal stock, and bought Cisco and Activision shares in the third quarter. It cut back on Qualcomm stock. One of the largest public pensions in the world made major changes in...
[more] 
Nisa Investment Advisors LLC Boosts Stake in Host Hotels and Resorts Inc (NYSE:HST)   
October 25, 2020
Source: modernreaders.com - Nisa Investment Advisors LLC lifted its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 10.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
[more] 
Hong Kong fines Goldman Sachs Asia US$350m over 1MDB   
October 25, 2020
Source: The Star - L.L.C. had contributed to the misappropriation of $2.6 billion from funds raised by 1Malaysia Development Berhad (1MDB) in three bond offerings in 2012 and 2013. A Goldman Sachs spokesman said the ...
[more] 
International Financial Law Prof Blog   
October 25, 2020
Source: TypePad - The Goldman Sachs Group Inc. (Goldman Sachs or the Company), a global financial institution headquartered in New York, New York, and Goldman Sachs (Malaysia) Sdn. Bhd. (GS Malaysia), its Malaysian ...
[more] 
Saudi $46bln bank M&A works best for crown prince   
October 25, 2020
Source: Zawya - The two banks said that they had struck a deal to create a “new Saudi banking champion” with more than $223bln of assets
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UK regulators fine Goldman Sachs over Malaysian fraud after €2.4bn enforcement   
October 25, 2020
Source: Irish Examiner - It was part of a larger co-ordinated resolution with Goldman Sachs Group over the 1Malaysia Development Berhad (1MDB), which will cost the bank 2.9 billion US dollars (€2.4 billion). Goldman ...
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Goldman Sachs prepares to claw back millions from top executives including CEO David Solomon over Malaysian embezzlement scandal, as firm agrees to nearly $3 billion in fines   
October 25, 2020
Source: Daily Mail - The bank was investigated for its role in raising $6.5 billion in three bond sales between 2012 and 2013 for the 1Malaysia Development Berhad (1MDB) state fund. WHAT IS 1MDB' 1MDB is a state fund ...
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COVID-19 vaccine in Australia could be more than a year away   
October 25, 2020
Source: Daily Mail - Federal Industry, Science and Technology Minister Karen Andrews has warned a vaccine could take longer to produce if it proves to be non-protein based.
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Ambassador of Mexico met with Executive Director of SOFAZ   
October 25, 2020
Source: Trend News Agency - On October 20th, the Ambassador of Mexico Rodrigo Labardini met with the Executive Director of the State Oil Fund of the Republic of Azerbaijan, Israfil Mammadov. During the meeting, the Director ...
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UK regulators fine Goldman Sachs over Malaysian fraud...   
October 25, 2020
Source: This is Money - It was part of a larger co-ordinated resolution with Goldman Sachs Group over the 1Malaysia Development Berhad (1MDB), which will cost the bank 2.9 billion US dollars (£2.2 billion). Goldman ...
[more] 
Sunpower Group Ltd.   
October 25, 2020
Source: Barron's - Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...
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Neste Oil Oyj Stock   
October 25, 2020
Source: Business Insider - © 2020 Insider Inc. and finanzen.net GmbH (Imprint). All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and ...
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What’s up with edtech'   
October 24, 2020
Source: Techinasia - Yuanfudao: The Chinese online education platform that helps students to prepare for exams bagged US$2.2 billion from Citic PE, DCP Capital, DST Global, Danhe Capital, Government of Singapore Investment Corporation, Greenwoods...
[more] 
Link Mobility Becomes Europe’s Newest Unicorn Startup   
October 24, 2020
Source: Bloomberg - Seven cornerstone investors, including DNB Asset Management and the Government Pension Fund of Norway, took up 2.3 billion kroner, or a third, of the offering. Demand for the company’s messaging ...
[more] 
The Korean marijuana story   
October 24, 2020
Source: koreatimes.co.kr - Smoking marijuana in South Korea is big no-no. We all know that. Actually, if you are a South Korean, smoking marijuana anywhere in the world is illegal. But that was not always the case. Marijuana grows naturally on the Korean...
[more] 
Analysis: Biden’s prospects cast long shadow over Russian rouble   
October 24, 2020
Source: Metro US - The rouble also enjoys relative insulation from low oil prices by the fiscal rule, which redirects oil revenues to the National Wealth Fund if crude prices top $42.4 per barrel, a system designed ...
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Why Australia’s $163bn investor just stashed billions in cash   
October 24, 2020
Source: Yahoo! News - While the Australian share market is hovering back around the 6,200-point mark, Australia’s sovereign wealth fund isn’t convinced the economy has recovered from Covid-19, shifting billions of dollars out of stocks and...
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Transfers by Azerbaijan's State Oil Fund to state budget for 9M2020 revealed   
October 24, 2020
Source: Trend News Agency - Union of Importers of Oil Products of Georgia talks adoption of new standard for diesel fuel Oil&Gas 17:41
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MOIL Ltd.   
October 24, 2020
Source: Barron's - Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...
[more] 
HKMA sells HK$2.26 bln in NY hours, currency hits strong end of band   
October 24, 2020
Source: Reuters - The Hong Kong Monetary Authority sold HK$2.263 billion ($292 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data released by the HKMA.
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Goldman Sachs Pleads Guilty to $1 Billion Bribery Scheme Charges   
October 24, 2020
Source: OCCRP - A Malaysian subsidiary of Goldman Sachs pleaded guilty Thursday to charges in a scheme to pay more than US$1 billion in bribes to Malaysian and Abu Dhabi officials to obtain lucrative business.
[more] 
Japan ‘to pledge net zero emissions by 2050’ in major policy shift   
October 24, 2020
Source: The Independent on MSN.com - Japan, the world’s fifth biggest emitter of CO2, is to bring in legally binding targets to reach net-zero emissions by the year 2050. Prime Minister Yoshihide Suga is set to announce the target during his first address to...
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Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billion   
October 24, 2020
Source: GlobalSecurity.org - Goldman Sachs Charged in Foreign Bribery Case and Agrees to Pay Over $2.9 Billion. FOR IMMEDIATE RELEASE Thursday, October 22, 2020. The Goldman Sachs Group Inc. (Goldman Sachs or
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Goldman Sachs Paying Over $2.9 Billion to Regulators in New 1MDB Scandal Settlement   
October 24, 2020
Source: The Motley Fool - Goldman Sachs (NYSE:GS) is making another hefty payout for its role in the 1MDB scandal. On Thursday, the Department of Justice (DOJ) and the company announced that Goldman had agreed to pay more than $2.
[more] 
Russian c.bank to increase daily FX sales from Oct. 26   
October 24, 2020
Source: Reuters - Russia's central bank will increase its foreign currency sales by the equivalent of 4 billion roubles ($52.30 million) a day starting from Monday, the bank said on Friday, on top of its regular FX operations according to the...
[more] 
Insto roundup: Denmark labour fund drops China assets; Taiwan insurers see infra opportunities   
October 24, 2020
Source: asianinvestor.net - AkademikerPenson had previously blacklisted a number of other countries, including Saudi Arabia, Thailand and Iran ... s NT$29.77 trillion of assets as of December 2019. The Government Pension Fund plans to adjust its strategic...
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Tokopedia adds Google as its latest investor, sources say   
October 24, 2020
Source: Techinasia - In July, it was reported that the company had raised money from Temasek Holdings, Singapore’s state investment agency.
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Range of RMB rise to remain reasonable   
October 24, 2020
Source: China Daily - China's robust economic recovery from the COVID-19 pandemic has helped stabilize confidence in the country's foreign exchange market, and the value of the renminbi is expected to remain generally stable with fluctuations within a...
[more] 
Private credit investors want end to gender gap   
October 23, 2020
Source: Pensions&Investments - A specialized set of asset managers, responsible for investing $850 billion in higher-yield credit worldwide, is at risk of losing business unless it fixes its glaring shortage of women, especially in top jobs.
[more] 
Cogeco Connexion to buy DERYtelecom   
October 23, 2020
Source: PE Hub - Cogeco Connexion, an affiliate of Cogeco Communications, has agreed to acquire DERYtelecom, a Saguenay, Québec-based provider of internet, television and telephony services to local communities. The deal reflects a...
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