SWF-Edge 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 for subscribers (which are permanently maintained).

Sovereign Wealth Fund News
Prasert, others given 14 days to comply   
(Tuesday - January 22, 2019) Associated Profiles : Government Pension Fund (Thailand)
Source: Bangkok Post - The securities watchdog received information from the Stock Exchange of Thailand, and further findings indicated ... Vitai Ratanakorn, secretary-general of the Government Pension Fund, said the GPF places an emphasis on the ...
[more] 
Watchdog widens probe into Carillion audit   
(Tuesday - January 22, 2019) Associated Profiles : Pension Protection Fund - United Kingdom
Source: FTAdviser - Carillion, one of the UK government's biggest contractors, went into liquidation a year ago and its 13 final salary pension schemes went into the Pension Protection Fund. The Financial Reporting Council has been investigating...
[more] 
PGGM addresses liquidity concerns through Eurex’s repo clearing service   
(Tuesday - January 22, 2019) Associated Profiles : PGGM – Asset Managers for Pension Funds
Source: The TRADE - Dutch pension fund PGGM has signed up to use Eurex’s centrally cleared repo markets using the central counterparty’s ISA Direct service as a way to address growing liquidity concerns caused by regulation. The European...
[more] 
Losing £billions in paper losses in StanChart, Temasek puts pressure on bank’s CEO   
(Tuesday - January 22, 2019) Associated Profiles : Temasek Holdings
Source: The Online Citizen - The UK-based Financial Times published an article yesterday reporting that Temasek Holdings is stepping up pressure on Standard Chartered's CEO as losses continue to mount for Temasek in its investments in Standard Chartered ...
[more] 
Roubaix wildcards, Bahrain-Merida says all is well, a wide rim study: Daily News Digest   
(Tuesday - January 22, 2019) Associated Profiles : Mumtalakat Holding Company
Source: CyclingTips - The British automotive conglomerate is owned by Mumtalakat Holding Company, a sovereign wealth fund of the Kingdom of Bahrain. Asked about Vincenzo Nibali, whose contract is up at the end of the ...
[more] 
Continued growth for Saudi Arabia's hospitality sector   
(Tuesday - January 22, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Hoteliermiddleeast.com - Savills' newly released ‘Saudi Arabia Hotel Sector Report’ reported a 13 ... leisure and entertainment projects over the next decade. The Public Investment Fund backing of the Red Sea Development project will complete...
[more] 
Fairer go for local workers, vows ALP   
(Tuesday - January 22, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian - scrapping upfront TAFE fees for 100,000 students and establishing a $100m TAFE future fund. Mr Shorten last week accused major companies such as BHP of jeopardising national security by moving away from Australian-flagged and...
[more] 
BRIEF-Malton Says Qatar Investment Authority Gets Approval To Participate In Ownership Of Ongoing Development   
(Tuesday - January 22, 2019) Associated Profiles : Qatar Investment Authority
Source: Yahoo Singapore Finance - Jan 22 (Reuters) - Malton Bhd: * QATAR INVESTMENT AUTHORITY OBTAINED APPROVAL TO WORK ON PARTICIPATING IN OWNERSHIP OF AN ONGOING DEVELOPMENT * DEVELOPMENT COMPRISES OF 1 BLOCK OF RETAIL MALL WITH 5 LEVELS OF RETAIL SPACES AND 2...
[more] 
Malton: Qatar Investment Authority wants to participate in Pavilion Bukit Jalil   
(Tuesday - January 22, 2019) Associated Profiles : Qatar Investment Authority
Source: The Sun - PETALING JAYA: The Qatar Investment Authority is planning to participate in the ownership of Malton Bhd’s Pavilion Bukit Jalil development. “Qatar Investment Authority had, via its letter dated Jan 3, 2019 which was...
[more] 
O'Dwyer's Future Fund idea ironically has a history   
(Tuesday - January 22, 2019) Associated Profiles : Future Fund (Australia)
Source: The Sydney Morning Herald - Illustration: John Shakespeare The idea involves the Future Fund expanding its brief to manage the superannuation ... There’s no word yet on whether Business Council of Australia energy director Jess Wilson will run. A...
[more] 
FX margin trading prohibited   
(Tuesday - January 22, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Lexology - The State Administration of Foreign Exchange (SAFE) recently found 600 websites guilty of illegally providing foreign exchange (FX) margin trading services. As a result, SAFE: took down 572 websites; removed FX margin trading...
[more] 
KIC Sells City of London Office to South African Investor   
(Tuesday - January 22, 2019) Associated Profiles : Korean Investment Corporation (KIC)
Source: Sovereign Wealth Fund Institute - The Korea Investment Corporation (KIC) is the ultimate owner of the office and is selling it through Hines UK, part of Hines. BNP Paribas Real Estate acted on behalf of Pembrey Asset Management and CBRE acted on behalf of Hines....
[more] 
Ocasio-Cortez and Maxine Waters to Oversee US Banking System via House   
(Tuesday - January 22, 2019) Associated Profiles : Korean Investment Corporation (KIC)
Source: Sovereign Wealth Fund Institute - The Korea Investment Corporation (KIC) is the ultimate owner of the office and is selling it through Hines UK, part of Hines. BNP Paribas Real Estate acted on behalf of Pembrey Asset Management and CBRE acted on behalf of Hines.
[more] 
Could Australia’s Future Fund Offer a Low-Fee Superannuation for its Citizens'   
(Tuesday - January 22, 2019) Associated Profiles : Future Fund (Australia)
Source: Sovereign Wealth Fund Institute - Australia’s Scott Morrison government may soon allow the country’s Future Fund to offer low-fee superannuation accounts. Aware of the proposal, Prime Minister Morrison stressed that offering Australia a low-fee, ...
[more] 
$5 billion Drought Future Fund announced for Australian farmers   
(Tuesday - January 22, 2019) Associated Profiles : Future Fund (Australia)
Source: Architecture and Design - Australia’s federal government has responded to the critical drought situation in the country by introducing the $5 billion Drought Future Fund for Australian farm businesses. An initial $3.9 billion injection in 2019 will...
[more] 
12th Asian Financial Forum Opens   
(Tuesday - January 22, 2019) Associated Profiles : China Investment Corporation
Source: ACN Newswire - China Investment Corporation, and Zhu Guangyao, former Finance Minister, People's Republic of China. InnoTalks Series Tomorrow Explores Fintech The second day of the AFF tomorrow will feature more stimulating and...
[more] 
Why is Fortis buying the assets of Singapore-listed Trust   
(Monday - January 21, 2019) Associated Profiles : Khazanah Nasional Berhad – Malaysia
Source: Asian News International - The company has been known to be talking to private equity funds as well as strategic investors including IHH Healthcare which is controlled by Malaysia's sovereign wealth fund Khazanah Nasional Berhad. IHH Healthcare acquired a...
[more] 
Why Is Fortis Buying Back Its Assets Less Than 7 Years After Divesting'   
(Monday - January 21, 2019) Associated Profiles : Khazanah Nasional Berhad – Malaysia
Source: NDTV - The company has been known to be talking to private equity funds as well as strategic investors including IHH Healthcare which is controlled by Malaysia's sovereign wealth fund Khazanah Nasional Berhad. IHH Healthcare acquired a...
[more] 
H E Jabri underlines Oman’s investment opportunities at global summit in India   
(Monday - January 21, 2019) Associated Profiles : State General Reserve Fund (Oman)
Source: Muscat Daily - The delegation included a number of stakeholders from the public and private sectors including the Ministry of Foreign Affairs, Ministry of Commerce and Industry, SEZAD, the State General Reserve Fund, Oman Oil Company, Duqm...
[more] 
Wirecard Issues Multi-currency Visa Cards for United Money, Leading Currency Exchange Company in China   
(Monday - January 21, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Yahoo Finance - United Money has obtained the license from State Administration of Foreign Exchange (SAFE), and has become among one of the largest institutions that specialize in currency exchange franchising ...
[more] 
PM, Labor make promises to Queensland   
(Monday - January 21, 2019) Associated Profiles : Future Fund (Australia)
Source: Mandurah Mail - The launch into an election year is sharpening the minds of Australia's leaders as they work out who is ... although Mr Morrison said on Monday he hadn't heard anything about the Future Fund chairman wanting to return to...
[more] 
Alba Reaches the Financial Close of c. US$136 million & c. EUR90 million in Export Credit Financing   
(Monday - January 21, 2019) Associated Profiles : Mumtalakat Holding Company
Source: Zawya - Alba is listed on both the Bahrain Bourse and London Stock Exchange, and the Company’s shareholders are Bahrain Mumtalakat Holding Company (69.38%), SABIC Industrial Investment Company (20.62%) and the General Public (10%)....
[more] 
Bahrain's Alba closes two ECA-backed loans for expansion project   
(Monday - January 21, 2019) Associated Profiles : Mumtalakat Holding Company
Source: The National - Listed on both the Bahrain Bourse and London Stock Exchange, the company is majority held by Bahrain’s sovereign wealth fund Mumtalakat Holding Company with a 69.38 per cent stake. Saudi Arabia’s Sabic Industrial...
[more] 
Liberals Dole Out Jobs For The Boys Before The Next Federal Election Is Called   
(Monday - January 21, 2019) Associated Profiles : Future Fund (Australia)
Source: BuzzFeed - As Australia limps towards the next federal election over coming ... alongside former WA state Liberal minister Cheryl Edwards. Costello established the Future Fund in 2006 during his time as treasurer in the Howard government....
[more] 
The Future Fund idea is too little too late for the superannuation system   
(Monday - January 21, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian Financial Review - But just ahead of her announcement she will quit politics,Dwyer launched a spirited attack in The Australian Financial Review on the "many rent seekers and ticket clippers" in the industry and publicly endorsed a role for the...
[more] 
Minister warned over KIA; call to forgive dead citizens’ debts   
(Monday - January 21, 2019) Associated Profiles : Kuwait Investment Authority
Source: Kuwait Times - KUWAIT: MP Omar Al-Tabtabaei yesterday called on Finance Minister Nayef Al-Hajraf to pay greater attention over what he claims are a host of violations in Kuwait Investment Authority (KIA), the ...
[more] 
Saudi hotel sector growth with 22.1mln international visitors by 2025: Savills   
(Monday - January 21, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Zawya - The newly released ‘Saudi Arabia Hotel Sector Report’ indicates that ... according to Savills. The Public Investment Fund backing of the Red Sea Development project will complete in 2022 and is forecast to attract an...
[more] 
KSA’s Public Investment Fund approves masterplan for Neom Bay   
(Monday - January 21, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: meconstructionnews.com - Saudi Arabia’s Public Investment Fund (PIF) has announced that its founding board has approved the masterplan for Neom Bay, an eco-friendly tourist destination that is being developed within the $500 billion futuristic city...
[more] 
Samruk-Kazyna reduced its foreign debt by $3.2 bln in 2018   
(Monday - January 21, 2019) Associated Profiles : National Wealth Fund
Source: interfax.kz - News and other data on this web site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar...
[more] 
Australasian pioneering super-man who also built the Future Fund   
(Monday - January 21, 2019) Associated Profiles : Future Fund (Australia)
Source: The Age - After three years he was called upon to serve in another pioneering role in Australia when the Howard government set up the Future Fund, a national wealth fund seeded by the sale of the government’s last tranche of shares...
[more] 
Malaysia may drop the 1MDB scandal if Goldman pays $7.5 billion, minister says   
(Monday - January 21, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: CNBC - Goldman is being investigated for its role as underwriter and arranger of three bond sales that raised $6.5 billion for 1Malaysia Development Berhad. The bank has denied wrongdoing. Malaysia's finance minister said on Friday the...
[more] 
Scott Morrison sees no future in Costello fund plan   
(Sunday - January 20, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian - The Productivity Commission was critical of using the Future Fund because any shortfall in performance could leave members looking for the government to top up their savings. The chief executive of the Association of...
[more] 
Kuwait Investment Authority may increase its investment in Britain - Al Rai   
(Sunday - January 20, 2019) Associated Profiles : Kuwait Investment Authority
Source: Zawya - CAIRO - Kuwait Investment Authority (KIA) may increase its investment in Britain during the coming period if it finds suitable investment opportunities, Kuwaiti newspaper Al-Rai reported on Thursday citing official sources. The...
[more] 
Najib should apologise for his mistakes – Lim   
(Saturday - January 19, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: The Borneo Post - PUTRAJAYA: Former prime minister Datuk Seri Najib Tun Razak should apologise for his mistakes, especially following the recent development on the 1Malaysia Development Berhad (1MDB) scandal, said Finance Minister Lim Guan Eng. In...
[more] 
Midland Exploration Announces Closing of a Private Placement With the Caisse de dépôt et placement du Québec   
(Saturday - January 19, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: GlobeNewswire - MONTREAL, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that it has completed a private placement (the “Offering”) by issuing to ...
[more] 
Pensions Watchdog Says Lessons Learnt From Kodak Crisis   
(Saturday - January 19, 2019) Associated Profiles : Pension Protection Fund - United Kingdom
Source: Law360 - A new company, Kodak Alaris, was formed, and the pensions regulator signed off a so-called regulated apportionment arrangement in November 2014, which was intended to prevent members from being tipped into the statutory Pension...
[more] 
Stable forex market likely this year   
(Saturday - January 19, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: ECNS - The resilient Chinese economy, the ongoing opening-up, and a vastly improving foreign exchange market will help to stabilize the yuan, said Wang Chunying, a State Administration of Foreign Exchange spokeswoman. "The recent...
[more] 
Hainan is the latest Chinese free-trade zone with tech hub ambitions   
(Saturday - January 19, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: South China Morning Post - and filing to the state administration of foreign exchange. Compared with Shanghai and other free-trade zones in China, Hainan’s weaknesses are obvious as it has a less developed economy, Chen points out. In 2016,...
[more] 
Life and times of an Indian civil servant   
(Saturday - January 19, 2019) Associated Profiles : China Investment Corporation
Source: telegraphindia.com - They might have sung a different tune if China Investment Corporation had already bought 9 per cent of Thames equity which it didn’t do until about 20 years later. While he avoids being judgmental, opinions are not...
[more] 
PenCom plans to commence micro-pension scheme   
(Saturday - January 19, 2019) Associated Profiles : Pension Protection Fund - United Kingdom
Source: The Punch Newspapers - According to him, additional benefits to self-employed persons and informal sector workers include the cover provided under the Pension Protection Fund. He explained that under the arrangement ...
[more] 
Brian Gaynor: Why Aussies are winning the retirement race   
(Saturday - January 19, 2019) Associated Profiles : Future Fund (Australia)
Source: The New Zealand Herald - If we include the two sovereign funds — Australia's Future Fund and the NZ Superannuation Fund — total NZ superannuation assets are $25,200 per capita compared with A$117,200 across the Tasman. Why do New Zealanders...
[more] 
Businesses must ensure a liveable and sustainable planet, not just focus on profits: Ho Ching   
(Saturday - January 19, 2019) Associated Profiles : Temasek Holdings
Source: Channel NewsAsia Singapore - SINGAPORE: While businesses pursue profits and financial returns, they must invest in training for their people and also fulfil their obligation to ensure a liveable and sustainable planet for all, said Temasek Holdings CEO Ho...
[more] 
Chinese banks' forex settlement deficit narrows in December   
(Saturday - January 19, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Xinhua - Forex purchases by banks stood at 1.14 trillion yuan (167.7 billion U.S. dollars) last month, while sales reached 1.19 trillion yuan, resulting in a deficit of 48.8 billion yuan, according to data from the State Administration of...
[more] 
Hong Kong issues new HK$1,000 banknotes today   
(Saturday - January 19, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: ECNS - The new HK$1,000 banknotes are on show in Hong Kong, Dec. 11, 2018. The Hong Kong Monetary Authority and the three note-issuing banks announced that the 2018 new series HK$1,000 notes and HK$500 notes will be issued into...
[more] 
JPMorgan 'close' to being hired for Saudi bank merger   
(Saturday - January 19, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Arabian Business - About a dozen other regional lenders are also involved in takeover talks. The Public Investment Fund, Saudi Arabia’s wealth fund that owns stakes in some of the biggest lenders, is weighing which banks could be merged as...
[more] 
Goldman Sachs apology not enough: Malaysian Finance Minister insists on US$7.5b compensation   
(Friday - January 18, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Channel NewsAsia Singapore - KUALA LUMPUR: The apology by Goldman Sachs is not sufficient and it has to compensate Malaysia considering the role played by its former banker in the 1Malaysia Development Berhad (1MDB) scandal, said Finance Minister Lim Guan...
[more] 
FG’s serial abuse of Excess Crude Account   
(Friday - January 18, 2019) Associated Profiles : Excess Crude Account (Nigeria)
Source: The Punch Newspapers - JUST like its predecessors, the Muhammadu Buhari administration has become entangled in the Excess Crude Account controversies ... oil traded for $69 per barrel. Nigeria’s major source of ...
[more] 
Pensions Regulator to sharpen decision-making scrutiny   
(Friday - January 18, 2019) Associated Profiles : Pension Protection Fund - United Kingdom
Source: Financial Times - The regulator said it had “refined” its approach to complex pension restructurings in light of its experiences in the Kodak case, which led to a £600m hit for the Pension Protection Fund, the lifeboat, its...
[more] 
The equity release market opens up   
(Friday - January 18, 2019) Associated Profiles : Pension Protection Fund - United Kingdom
Source: MoneyWeek - The reform reflects increasing concern public-sector workers could end up having to depend on the Pension Protection Fund (the industry lifeboat fund) if they move to a private-sector firm that ...
[more] 
Guan Eng: Goldman apology not enough, what matters is the US$7.5b money   
(Friday - January 18, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Yahoo News Singapore - PUTRAJAYA, Jan 18 ? The apology by Goldman Sachs was necessary, but insufficient considering its role in the 1Malaysia Development Berhad (1MDB) financial scandal, Malaysia’s finance minister said today. Lim Guan Eng said...
[more] 
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