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
Markets spooked by jump in South Korean & Japanese coronavirus cases   
February 27, 2020
Source: Inside Futures - Coronavirus fears are back after the number of new cases soared to 104 in South Korea and 92 in Japan today, after both nations reported their first deaths from the virus, and after the mayor of Daegu, the South Korean city...
[more] 
High Court fixes dates for IPIC trial from end-November to January 2021   
February 27, 2020
Source: The Edge on MSN.com - case. According to Mohd Irwan's lawyer Lavinia Kumaraendran, Justice Mohd Nazlan Ghazali has set Nov 23-26, Nov 30 to Dec 3 and Dec 7-10 as the trial dates for this year. Following that, the trial will continue on Jan 10,
[more] 
Grammer AG   
February 27, 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] 
Al Hilal Bank launches new GCC Equity Fund   
February 27, 2020
Source: Al Bawaba News - Al Hilal Bank has appointed Abu Dhabi-based investment company Invest AD as investment advisor to the new fund and HSBC to provide custodial and administrative services. Mr. Mohamed Jamil Berro ...
[more] 
Vornado Realty Trust (NYSE:VNO) Shares Purchased by Achmea Investment Management B.V.   
February 27, 2020
Source: modernreaders.com - PGGM Investments acquired a new position in Vornado Realty Trust during the fourth quarter worth $15,577,000. Principal Financial Group Inc. raised its position in Vornado Realty Trust by 14.2% during the fourth quarter....
[more] 
Achmea Investment Management B.V. Increases Holdings in Sun Communities Inc (NYSE:SUI)   
February 27, 2020
Source: theenterpriseleader.com - Finally, PGGM Investments boosted its stake in shares of Sun Communities by 21.5% during the fourth quarter. PGGM Investments now owns 1,664,576 shares of the real estate investment trust’s stock valued at $249,853,000...
[more] 
CDPQ backs credit union Meridian   
February 27, 2020
Source: PE Hub - Caisse de dépôt et placement du Québec has provided C$125 million in financing to Meridian. CIBC Capital Markets advised Meridian on the deal. Meridian is Ontario’s largest credit union and the third...
[more] 
New Mexico State Investment Council allocates $308 million   
February 27, 2020
Source: Pensions&Investments - New Mexico State Investment Council, Santa Fe, committed a total of $308 million to four alternative investment funds, said Charles Wollmann, spokesman for the $27.9 billion endowments, in a email. The council committed $125...
[more] 
Temasek Cuts Raises, Bonuses Amid Coronavirus Outbreak   
February 27, 2020
Source: pymnts.com - As the Coronavirus circulates, Temasek Holdings Pte is instituting a company-wide wage freeze and requesting that senior management accept voluntary pay reductions for as long as one year. The Singapore state-owned investment...
[more] 
US Fed bars ex-Goldman Sachs executive for role in 1MDB scandal   
February 27, 2020
Source: The New Paper - WASHINGTON The US Federal Reserve said yesterday it permanently barred a former Goldman Sachs executive from the banking industry over his role in the 1Malaysia Development Berhad (1MDB ...
[more] 
Goldman Sachs' 1MDB case completes move to Malaysia High Court   
February 27, 2020
Source: The Straits Times - KUALA LUMPUR (BLOOMBERG) - Malaysia completed the transfer of criminal cases against three Goldman Sachs Group units facing charges linked to 1Malaysia Development Berhad (1MDB) to a higher court.
[more] 
Wells Fargo Leading $973M Construction Loan for St. John’s Terminal   
February 27, 2020
Source: Commercial Observer - Wells Fargo has been selected to lead the $973 million construction loan for Oxford Properties Group and the Canadian Pension Plan Investment Board’s (CPPIB) mega-project, lender sources familiar with the transaction told...
[more] 
Saudi among top 3 in digital readiness in MEA: Cisco   
February 27, 2020
Source: Trade Arabia - At the end of 2019, Saudi Arabia’s Public Investment Fund launched the landmark SR4 billion ($1 billion) Jada Fund, supporting small businesses and diversification efforts as the private sector increases its share of GDP....
[more] 
Swiss expand 1MDB probe to two former Emirati fund officials   
February 27, 2020
Source: Yahoo News Singapore - WIDE-RANGING SCRUTINY Abu Dhabi's sovereign wealth fund, International Petroleum Investment Co (IPIC), and its subsidiary Aabar Investments PJS had said on Monday that a firm with an almost identical name, Aabar Investments PJS...
[more] 
More Than A Dozen Saudi Oil Firms Book Hefty Losses In 2019   
February 27, 2020
Source: YAHOO! - Last year, Saudi Aramco said it would buy 70 percent in Sabic. In March 2019, Aramco signed the deal to buy 70 percent in Sabic from the Public Investment Fund of Saudi Arabia for the equivalent of US$69.1 billion in Saudi ...
[more] 
Insto roundup: Future Fund adds private debt; Korea’s booming pension industry   
February 27, 2020
Source: asianinvestor.net - Thailand’s Government Pension fund is contemplating teaming up with pension funds from other countries as it continues to ramp up its exposure to alternatives investments. But while Morningstar sees the bond house as the...
[more] 
Nigeria’s recession buffer weak as Coronavirus drives oil near $47/bbl   
February 27, 2020
Source: The Guardian Nigeria - Similarly, Nigeria’s latest Excess Crude Account balance, according to a statement from the Office of Accountant General of the Federation, was put at $71.81million, while movement in reserves showed that the...
[more] 
Hong Kong to Consider Additional FATF-Style Regulations for Crypto Exchanges   
February 27, 2020
Source: CoinDesk - New regulations could raise the heat on crypto exchanges, OTC desks and brokers in Hong Kong, a global crypto hub. Such entities are already monitored by the Hong Kong Monetary Authority (HKMA), which in December recommended that...
[more] 
Payout expected by summer   
February 27, 2020
Source: ??????? - Financial Secretary Paul Chan: We are trying very hard to pull out all the stops. We have received great support from the Hong Kong Monetary Authority, the Office of the Government Chief Information Officer, the Treasury, the...
[more] 
Downing Street refuses to say if it will back Heathrow expansion if protesters win court challenge   
February 27, 2020
Source: Mail Online - The third runway is now due for completion between early 2028 and late 2029. The airport is jointly owned by Spain's Ferrovial, the Qatar Investment Authority, China Investment Corporation and other investment companies.
[more] 
Roblox raises $150M Series G, led by Andreessen Horowitz, now valued at $4B   
February 27, 2020
Source: YAHOO! - Online gaming platform Roblox, now home to 115 million largely Gen Z players per month, announced today it has raised $150 million in Series G funding, led by Andreessen Horowitz’s Late Stage Venture fund.
[more] 
GSBN Counts Down to Inauguration as Its Shareholders Sign Shareholders' Agreement   
February 27, 2020
Source: Benzinga.com - HONG KONG, Feb. 26, 2020 (GLOBE NEWSWIRE) -- CargoSmart Limited, a leading logistics technology solutions provider, today announced that nine industry-leading ocean carriers and terminal operators, namely CMA CGM,
[more] 
The sensational spending of the world’s former richest man   
February 27, 2020
Source: MSN - He also owns some of the world’s most expensive properties around. The Brunei Investment Agency, itself an arm of the government, purchased and set up The Dorchester Collection of hotels.
[more] 
Waste of Excess Crude Savings   
February 27, 2020
Source: Daily Trust - However, in Nigeria, governments have, over the years ... Government should also walk the talk – government should give no excuses for depleting the Excess Crude Account.
[more] 
Suspension of shares   
February 27, 2020
Source: London South East - Moreover, the recent formation of a joint venture with GOSI/Hassana Investment Company provides a solid platform for continued growth in the GCC region's largest healthcare market. The NMC Health group treated over 7.5 million...
[more] 
Ex-Asset Manager CEO Loses Bid To Avoid $17M Bill   
February 27, 2020
Source: Law360 - FM Capital, a London-based fund manager, invested and managed some $550 million on behalf of LAP, a subsidiary of the Libyan Investment Authority. The legal action concerned a separate fund of nearly $240 million, which was...
[more] 
Finance Ministry, Central Bank draw up bill on Bank’s withdrawal from capital of Sberbank   
February 27, 2020
Source: TASS - It is assumed that the stake of the Bank of Russia will be acquired at the expense of the National Wealth Fund at market value MOSCOW, February 11. /TASS/. Russia’s Finance Ministry and the Bank ...
[more] 
Alaska Permanent debates direct real estate approach [updated]   
February 27, 2020
Source: IPE - Alaska Permanent Fund Corporation’s direct approach to real estate investment has been called into question after underperforming its benchmark. Timothy Walsh, who was until recently part of the sovereign wealth...
[more] 
Eight men in frame to run Norway wealth fund, including deputy CEO   
February 27, 2020
Source: Channel NewsAsia Singapore - Eight candidates have applied to head Norway's sovereign wealth fund, the country's central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth US$1.1 trillion through a...
[more] 
Existing owners keen on $2bn TransGrid stake   
February 27, 2020
Source: The Australian - The Kuwait Investment Authority’s Wren House and the Abu Dhabi Investment Authority each have 20 per cent. Under the terms of ownership, existing TransGrid shareholders have first option for an acquisition. Should Spark be...
[more] 
What is a rare disease' It's not as simple as it sounds   
February 27, 2020
Source: Medical Xpress - In recognition that rare cancers and rare diseases traditionally lose out to more common diseases in terms of research, additional targeted funding has recently been allocated to boost research in Australia. In 2019 the NHMRC and...
[more] 
Reports: JPMorgan to handle BTS label Big Hit's IPO   
February 27, 2020
Source: UPI.com - JPMorgan and three other investment banks will help Big Hit Entertainment -- which manages K-pop sensation BTS -- go public this year, according to South Korean news reports.
[more] 
Opponents of new London Heathrow runway to hear appeal outcome   
February 27, 2020
Source: Reuters - Opponents of a third runway at London’s Heathrow are set to hear on Thursday whether their legal appeal against the government’s decision to expand Europe’s biggest airport has been successful. Britain has spent...
[more] 
Banks commit €9.5bn debt for Thyssenkrupp unit as deadline looms   
February 27, 2020
Source: Reuters - A consortium of Blackstone, Carlyle and the Canada Pension Plan Investment Board is competing with Advent and Cinven, which are supported by Germany’s RAG foundation and the Abu Dhabi Investment Authority. M&A advisers...
[more] 
Norway Set To Pick New Chief Of $1.2-Trillion Sovereign Wealth Fund   
February 27, 2020
Source: International Business Times - Norway is seeking to fill a position that some have described as the country’s “most important job.” Norges Bank Investment Management, or NBIM, a subsidiary of Norway’s central bank, Norges Bank, manages...
[more] 
Retirement Planning: How HNIs are diversifying their investment portfolio to fund their retirement   
February 27, 2020
Source: PropertyShare - 1. Allianz Real Estate $72.4 2. China Investment Corporation (CIC) 52.9 3. Abu Dhabi Investment Authority (ADIA) 51.2 4. APG (Dutch Pension Fund) 48.4 5. TIAA (Teachers Insurance and Annuity Association of America) 47.2 6. AXA...
[more] 
Goldman pleads not guilty over 1MDB bond sales   
February 26, 2020
Source: Seeking Alpha - Three units of Goldman Sachs (NYSE:GS) have pleaded not guilty to charges of misleading investors regarding $6.5B in bond sales that were raised for state fund 1Malaysia Development Berhad. Charges were filed in December 2018...
[more] 
Tero H.   
February 26, 2020
Source: Devex - His current focus is biodiesel project structuring and financing in Finland, and he is a board member of Bulgarian property companies owned by the State General Reserve Fund, Oman. Tero Halmari ...
[more] 
Pressure Mounts on Australia Pension Funds to Drop Fossil Fuels   
February 26, 2020
Source: Bloomberg on MSN.com - The world’s fourth-largest pension pot -- with about $1.9 trillion -- is facing mounting calls to begin ditching fossil fuels. UniSuper, which manages A $85 billion ( $56 billion) in retirement savings for university...
[more] 
Bloomberg expected to respond after taking hard hit during debate debut   
February 26, 2020
Source: YAHOO! - Elizabeth Warren made a big splash going after Michael Bloomberg during first debate, leaving voters wondering if she’ll go after Bernie Sanders with the same fervor. Acting Homeland Security chief Chad Wolf on Tuesday...
[more] 
NZ Super hires Robeco, Hillwood and Carlyle; terminates LSV   
February 26, 2020
Source: Pensions&Investments - New Zealand Superannuation Fund added three managers since July 1 and terminated one, according to an update of its list of external managers. The Feb. 21 filing said the NZ$45 billion ($28.5 billion) sovereign wealth fund hired ...
[more] 
Norway Oil Fund Removes Drax Group Exclusion After Coal Reduction   
February 26, 2020
Source: Morningstar - (Alliance News) - Norway's oil fund, the Government Pension Fund Global, on Thursday decided to revoke its exclusion of Drax Group PLC. Drax was excluded from investment by the fund back in 2016 ...
[more] 
Omantel plans to instal 2,200 5G sites by 2024   
February 26, 2020
Source: Telecompaper - The operator is 51 percent owned by the State General Reserve Fund and the remaining 49 per cent is publicly owned. Besides using its own infrastructure, Omantel is also using the fibre network of the state-owned Oman Broadband...
[more] 
How Buhari regime depleted ECA by N1.5tn   
February 26, 2020
Source: Ghanaweb.com - The World Bank had said the Nigerian economy had become more vulnerable to shocks as a result of the depletion of the Excess Crude Account. In its latest Nigeria Economic Update, the World Bank had warned that a...
[more] 
Mahathir in full control, Anwar’s chances to become PM now remote: Analysts   
February 26, 2020
Source: Channel NewsAsia Singapore - You can’t really hold them to what they agreed on before the election because back in 2018, it was widely understood that Najib had damaged Malaysia because of the 1MDB (1Malaysia Development Berhad) corruption case,”...
[more] 
Eurex Clearing expands buy-side senior sales team   
February 26, 2020
Source: Asset Servicing Times - Eurex secured its first direct buy side member in 2017 when Dutch cooperative pension fund PGGM agreed to lead the way for its market demographic. Speaking at the time, Roelof van der Struik, investment manager for treasury...
[more] 
Rising poverty, resource misappropriation amidst N83trillion oil revenue   
February 26, 2020
Source: The Guardian Nigeria - Despite producing more crude oil per day than Norway’s 1.84mbpd, Norway has $956 billion saved for future generation while Nigeria has less than $1.3 billion. Just last week, the office of the Accountant General of the...
[more] 
Saudi Arabia’s former energy minister returns in cabinet reshuffle   
February 26, 2020
Source: The Financial Times - Saudi Arabia has sought foreign investment to help diversify its economy and end its dependence on oil revenues. How Mr Falih’s new ministry will work alongside the kingdom’s Public Investment Fund is unclear. The...
[more] 
SAFE steps to boost trade and investment   
February 26, 2020
Source: ECNS - Pan Gongsheng, vice-governor of the People's Bank of China, the central bank, and the administrator of the State Administration of Foreign Exchange (SAFE), said the regulator would enhance the monitoring and assessment of the...
[more] 
Pressure Mounts on Australia Pensions to Drop Fossil Fuels   
February 26, 2020
Source: YAHOO! - The demonstrations are adding to pressure on custodians of Australia’s A$2.95 trillion retirement savings to catch up to peers like Europe’s Stichting Pensioenfonds ABP in cutting exposure to high-emitting companies....
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