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
CEOs spurned the shareholders-first model. Now critics ask, ‘What’s next'’   
(Saturday - August 24, 2019) Associated Profiles : PGGM – Asset Managers for Pension Funds
Source: Los Angeles Times - The group “should be willing to be held accountable in their efforts to transition this statement into reality,” said Catherine Jackson, a former senior advisor for responsible investments at Dutch pension fund PGGM....
[more] 
Alabama's James Seeks Bond Issue To Fulfill Promise Made to Mercedes   
(Saturday - August 24, 2019) Associated Profiles : Alabama Trust Fund (United States)
Source: The Bond Buyer - The Alabama Trust Fund would be siphoned to pay the debt issued by the new authority. The fund would be allowed to use $13 million of its $60 million in annual interest earnings to retire the debt that will be sold by the new...
[more] 
House votes to pay back $437 million to Alabama Trust Fund (updated)   
(Saturday - August 24, 2019) Associated Profiles : Alabama Trust Fund (United States)
Source: al.com - MONTGOMERY, Alabama-- The House of Representatives voted this morning to repay $437 million taken from a savings account to shore up the state's ailing General Fund budget Sponsor Rep. Jay Love, R-Montgomery, said lawmakers...
[more] 
Saudi Arabia keen on investing in agriculture of Kazakhstan   
(Saturday - August 24, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Kazinform - SALIC is a joint stock company that is owned by the Public Investment Fund of the Kingdom of Saudi Arabia. Its statutes state that its activity is in the field of investments in agricultural and livestock production in countries...
[more] 
Unit of China's sovereign wealth fund takes over Xiao Jianhua-linked HengFeng Bank in third case of nationalisation since May   
(Saturday - August 24, 2019) Associated Profiles : China Investment Corporation
Source: YAHOO! - Central Huijin Investment, a subsidiary of the China Investment Corporation that acts as the Chinese government's shareholder in the country's four biggest banks, has emerged as a strategic ...
[more] 
Goldman Unit to Buy Manager of Optometry Practices   
(Saturday - August 24, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: Wall Street Journal - The merchant-banking division of Goldman Sachs Group Inc. GS -4.19% is buying the company that manages MyEyeDr. optometry practices from private-equity firm Altas Partners LP and Canadian pension fund Caisse de dépôt...
[more] 
China's foreign exchange market turnover at 17.17 trln yuan in July   
(Saturday - August 24, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Xinhua - Specifically, turnover of forex transactions between banks and their clients totaled 2.36 trillion yuan last month, while that of interbank forex transactions stood at 14.81 trillion yuan, according to the State Administration of...
[more] 
Hong Kong’s US dollar peg could be a weak link if protests drag on, China scholar warns   
(Saturday - August 24, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: YAHOO! - “If property and stock prices start to fall, the Hong Kong Monetary Authority can’t provide sufficient liquidity like the [US] Federal Reserve or other central banks as its money supply capacity is determined by the...
[more] 
IPIC eyes refinery projects worth $20bn   
(Friday - August 23, 2019) Associated Profiles : International Petroleum Investment Company (IPIC)
Source: Arabian Business - IPIC WATCH: Abu Dhabi government-owned International Petroleum Investment Company (IPIC) is studying plans for five refineries worldwide with a total investment of $20bn, a report said on Thursday. IPIC is eyeing refinery...
[more] 
As SRC trial ends, 1MDB trial finally begins... next week   
(Friday - August 23, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: YAHOO! - August 23 — Datuk Seri Najib Razak’s RM42 million SRC International Sdn Bhd corruption trial will finally conclude on August 27 to make way for his highly-anticipated corruption trial over the RM2.3 billion funds from...
[more] 
Nigeria: Govt to Recover N614 Billion Outstanding Debt From 35 States   
(Friday - August 23, 2019) Associated Profiles : Excess Crude Account (Nigeria)
Source: AllAfrica.com - "Council agreed to constitute a team from the Nigerian Governors Forum to meet ... on the activities of the Ad-Hoc Committee on Excess Crude Account (ECA) and other special accounts of the federation.
[more] 
Are Virtual Banks a Threat to Hong Kong’s Big Banks and Their Shareholders'   
(Friday - August 23, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: The Motley Fool - The Hong Kong Monetary Authority (HKMA) recently granted a number of licenses to virtual banks in the city. But what exactly are they' Put simply, virtual banks are financial institutions that operate without physical branches....
[more] 
We all want WeWork IPO to succeed — especially in the Gulf   
(Friday - August 23, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Arab News - In turn, the Public Investment Fund (PIF) of Saudi Arabia is the largest investor in the Vision Fund. SoftBank and Vision Fund bought into the WeWork mission when they put money into the business at high valuations. They have...
[more] 
HKD peg unlikely to change – ING   
(Friday - August 23, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: FXStreet - “We expect the Hong Kong Monetary Authority (HKMA) to stick to the existing linked exchange rate system, now more than ever.” “We expect the HKD to fall from the current 7.84 level to 7.82 by end of 2019 as we...
[more] 
Foreign exchange: SBP reserves dip $26m to $8.2b   
(Friday - August 23, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: The Express Tribune - In January last year, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.
[more] 
Kim Kardashian enjoys a coffee at the Beverly Hills Hotel   
(Friday - August 23, 2019) Associated Profiles : Brunei Investment Agency
Source: Mail Online - owned by the Brunei Investment Agency, which is part of the Brunei government. One month later, the Sultan clarified the law and said homosexuals that have sex and are convicted will not face the death penalty. In her blog post,...
[more] 
UAE-India business ties get a boost   
(Friday - August 23, 2019) Associated Profiles : Abu Dhabi Investment Authority
Source: Gulf News - Abu Dhabi Investment Authority (ADIA) and other sovereign wealth funds in the UAE are among the largest FDI into India. ADIA’s strategic shareholding in and DP World’s joint ventures with the ...
[more] 
Nigeria: Govt, States, LGs Share N769.5bn for July   
(Friday - August 23, 2019) Associated Profiles : Excess Crude Account (Nigeria)
Source: AllAfrica.com - The Committee announced that as at 22nd August 2019, the balance in the Excess Crude Account was $274.407m.
[more] 
Is The Tariff War Turning Into A Currency War'   
(Friday - August 23, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Seeking Alpha - Big gap: China versus U.S. foreign exchange reserves Source: Charles Schwab, U.S. Treasury, China's State Administration of Foreign Exchange (SAFE). Data as of 8/14/2019. Digging a little deeper ...
[more] 
After 36 Years Will The HKMA Be Forced To Abandon The US Dollar To Hong Kong Dollar Exchange Rate Peg'   
(Friday - August 23, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: Exchange Rates - “If property and stock prices start to fall, the Hong Kong Monetary Authority can’t provide sufficient liquidity like the (US) Federal Reserve or other central banks as its money supply capacity is determined by the...
[more] 
KIC’s next CIO likely to be a Korean   
(Friday - August 23, 2019) Associated Profiles : Korean Investment Corporation (KIC)
Source: asianinvestor.net - Scott Kalb caps his three-year term at Korea Investment Corporation with a $200 million China QFII quota. He can expect to win a good role in Asia if he wants to stay in the region. 0 0 0 0 Scott Kalb's three-year term ends in...
[more] 
Private-Equity Slowdown' Not for Yuan Funds   
(Friday - August 23, 2019) Associated Profiles : National Social Security Fund (SPF)
Source: Wall Street Journal - The firm hired Eric Gu, who previously worked at the China National Social Security Fund, to lead the effort from the Eaton's representative office in Shanghai. "The [renminbi] market will grow rapidly. . . we want to be involved...
[more] 
High Court to confirm start of Najib’s 1MDB trial tomorrow   
(Thursday - August 22, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: YAHOO! - KUALA LUMPUR, August 22 — The much put-off start to Datuk Seri Najib Razak’s highly-anticipated corruption trial over the RM2.3 billion funds from 1Malaysia Development Berhad (1MDB) at the High Court here will be...
[more] 
Twyford's choice: NZTA or Super Fund for Auckland light rail   
(Thursday - August 22, 2019) Associated Profiles : New Zealand Superannuation Fund
Source: Scoop - Aug. 22 (BusinessDesk) - Transport Minister Phil Twyford will decide early next year whether to use traditional government procurement to build a light rail network in Auckland, or bypass those processes with a New Zealand...
[more] 
Ares Management closes fifth real estate fund above its target   
(Thursday - August 22, 2019) Associated Profiles : New Mexico State Investment Council - Permanent Trust Funds (United States)
Source: Pensions&Investments - Investors include the $42.7 billion Illinois Municipal Retirement Fund, Oak Brook; $33.2 billion Texas Permanent School Fund, Austin; and $26 billion New Mexico State Investment Council, Santa Fe. Ares Management has $142 billion...
[more] 
China Approval Puts Investment In Bacanora Lithium Near Finishing Line   
(Thursday - August 22, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Morningstar - The final thumbs up needed is from the State Administration of Foreign Exchange, expected in the next few weeks, Bacanora said. Ganfeng Deputy Chair Wang Xiaoshen said: "We are continuing to progress the approval process in China...
[more] 
Société Générale to pay £815m to settle Libyan lawsuit   
(Thursday - August 22, 2019) Associated Profiles : Libyan Investment Authority
Source: The Guardian - The French bank Société Générale is to pay €963m (£815m ... just as the long-running dispute was due to be heard in a London court, where the Libyan Investment Authority was accusing SocGen...
[more] 
Qatar Investment Authority leads Byju’s $150 million funding   
(Thursday - August 22, 2019) Associated Profiles : Qatar Investment Authority
Source: Business Line - Ed-tech start-up Byju’s announced that it has received an investment of $150 million led by Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, with participation from Owl Ventures. This new...
[more] 
Hong Kong’s US dollar peg could be a weak link if protests continue to drag, China scholar warns   
(Thursday - August 22, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: South China Morning Post - “If property and stock prices start to fall, the Hong Kong Monetary Authority can’t provide sufficient liquidity like the [US] Federal Reserve or other central banks as its money supply capacity is determined by the...
[more] 
Indonesian VC fund raises US$75 million from investors including Temasek   
(Thursday - August 22, 2019) Associated Profiles : Temasek Holdings
Source: Channel NewsAsia Singapore - East Ventures also received financial backing from Singaporean sovereign fund Temasek Holdings and Indonesian conglomerates Sinarmas and Emtek. "The way we picked our LPs (limited partners) is strategic and based on geopolitcal...
[more] 
Chinese banks post forex settlement deficit in July   
(Thursday - August 22, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: China Daily - The reading shrank from a deficit of 132.8 billion yuan reported in June, according to the State Administration of Foreign Exchange (SAFE). Forex purchases by banks stood at 1.11 trillion yuan last month, while sales reached...
[more] 
Singapore PM Lee Hsien Loong’s wife Ho Ching defends his US$1.6 million salary   
(Thursday - August 22, 2019) Associated Profiles : Temasek Holdings
Source: South China Morning Post - Ho, who is also chief executive of Singapore’s state investment firm Temasek Holdings – which has itself come under the public spotlight on its own executive compensation – said those in public and social...
[more] 
Temasek CEO Ho Ching’s salary remains a mystery even as she defends her husband’s high pay   
(Thursday - August 22, 2019) Associated Profiles : Temasek Holdings
Source: WHAT HAS - After looking at the portfolio value of Temasek Holdings, Mr Ang speculated that Mdm Ho earns “about $300,000 a day”. Mr Ang’s calculation, however, remains purely speculative as the ...
[more] 
Aramco selects Lazard and Moelis for IPO: Sources   
(Thursday - August 22, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: ???????.?? - The funds from the sale would go to the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund (SWF). Vision 2030 envisions the PIF as a giant investment vehicle which will help the ...
[more] 
Temasek, True North and CPPIB in investment talks for stake in Biocon arm: Report   
(Thursday - August 22, 2019) Associated Profiles : Canadian Pension Plan (SPF)
Source: moneycontrol.com - Three parties--Temasek, True North and Canadian Pension Plan Investment Board (CPPIB)-- are in separate discussions to invest $300 million in Biocon Biologics India Ltd (BBIL) for a minority stake, reported Economic Times....
[more] 
Ex-1MDB CEO Arul Kanda drops suit after MACC unfreezes bank accounts   
(Wednesday - August 21, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: YAHOO! - KUALA LUMPUR, Aug 21 — The Malaysian Anti-Corruption Commission (MACC) has lifted a freeze order on bank accounts belonging to former 1Malaysia Development Berhad (1MDB) chief executive Arul Kanda Kandasamy. Lawyer Datuk N....
[more] 
Trump-tied operatives register as foreign agents of Libyan wealth fund   
(Wednesday - August 21, 2019) Associated Profiles : Libyan Investment Authority
Source: OpenSecrets.org - Al-Sarraj is the prime minister of the U.N.-backed government in Libya that oversees the Libyan Investment Authority. (Mark Wilson/Getty Images) Michael Cohen’s former lawyer and the political strategist reportedly behind...
[more] 
Qatar financial resources to remain strong, public finances solid: Euler Hermes   
(Wednesday - August 21, 2019) Associated Profiles : Qatar Investment Authority
Source: Gulf Times - Qatar’s financial resources will remain strong, insurance major and researcher Euler Hermes said and noted that the combined foreign exchange (FX) reserves of the Qatar Central Bank and the Qatar Investment Authority...
[more] 
Noor Bank collaborates with Unionpay international to launch EMVCo QR-based mobile payment solution   
(Wednesday - August 21, 2019) Associated Profiles : Emirates Investment Authority
Source: Zawya - The corporate shareholders of the Bank are The Office of the Crown Prince of Dubai (25.73%), the Investment Corporation of Dubai (22.71%) and the Emirates Investment Authority (4.7%). The remaining shares are beneficially held by...
[more] 
3 Top Stocks in Temasek’s Portfolio   
(Wednesday - August 21, 2019) Associated Profiles : Temasek Holdings
Source: The Motley Fool - The renowned Temasek Holdings, a massive commercial investment company wholly owned by the Singaporean government, announced in early July its annual results for the year ending 31 March 2019. Although its one-year total...
[more] 
SNC-Lavalin’s fall is starting to weigh on investment funds   
(Wednesday - August 21, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: The Globe and Mail - As the largest shareholder in SNC-Lavalin Group Inc., the Caisse de dépot et placement du Québec has been the biggest loser of the company’s share-price collapse. But some retail investment funds are also...
[more] 
Grapevine: Temasek, TrueNorth, CPPIB eye Biocon unit stake; PayU may buy PaySense   
(Wednesday - August 21, 2019) Associated Profiles : Canadian Pension Plan (SPF)
Source: VCCircle - Singapore state investor Temasek, private equity firm TrueNorth, and Canadian Pension Plan Investment Board (CPPIB) are in separate discussions with Biocon Biologics India Ltd to acquire a minority stake for close to $300 million...
[more] 
Malaysia Charges Goldman Sachs Executives in 1MDB Scandal   
(Wednesday - August 21, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: BenarNews - Goldman Sachs served as underwriter of three bond sales that raised $6.5 billion for 1Malaysia Development Berhad (1MDB), according to court documents filed by the U.S. Department of Justice. The DOJ earlier alleged that more...
[more] 
Twin deficit hypothesis and reverse causality: a case study of China   
(Wednesday - August 21, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Nature - Since then, there has been a sharp decline in the capital account surplus. The data from the State Administration of Foreign Exchange (SAFE) showed that in 2015, China recorded a deficit of US$142.4 billion on the capital and...
[more] 
Sovereign wealth fund New Zealand Super aims for a VC foray   
(Wednesday - August 21, 2019) Associated Profiles : New Zealand Superannuation Fund
Source: PE Hub - New Zealand Superannuation Fund, the country’s NZ$42 billion ($28 billion) sovereign wealth fund, is making a foray into venture capital. The government in its May budget proposed a NZ$300 million fund of funds managed by...
[more] 
CDPQ to invest $500 mln in Mexican pharma business Sanfer   
(Wednesday - August 21, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: PE Hub - Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest US$500 million ($664 million) in Laboratorios Sanfer SA, a Mexico City-based pharmaceutical company. The deal, expected to close later this...
[more] 
Saudi Arabia selling the Aramco IPO, yet again   
(Wednesday - August 21, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Al-Monitor - The state required funding for the Public Investment Fund, so Aramco purchased the Public Investment Fund of Saudi Arabia's 70% stake in SABIC, the Saudi petrochemical giant, at a cost of nearly $70 billion. The Aramco ...
[more] 
Government announces long term health blueprint, Medicare, home care priorities   
(Wednesday - August 21, 2019) Associated Profiles : Future Fund (Australia)
Source: Aged Care Insite - Australian Healthcare and Hospitals Association chief executive ... The plan has also outlined $1.45 billion in medical research through the Medical Research Future Fund, including $185 million in dementia research and a future...
[more] 
BRIEF-Sanfer Receives $500 Mln From CDPQ To Fund Growth Across Latin America   
(Wednesday - August 21, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: Reuters on MSN.com - Aug 19 (Reuters) - Caisse De Depot Et Placement Du Quebec : * SANFER RECEIVES USD $500 MILLION FROM CDPQ TO FUND STRATEGIC GROWTH ACROSS LATIN AMERICA * CAISSE DE DEPOT ET PLACEMENT DU QUEBEC - GA WILL RETAIN A SIGNIFICANT...
[more] 
CEOs Spurn Investor-First Model. Now Critics Ask ‘What's Next'’   
(Wednesday - August 21, 2019) Associated Profiles : PGGM – Asset Managers for Pension Funds
Source: Bloomberg - The group “should be willing to be held accountable in their efforts to transition this statement into reality,” said Catherine Jackson, a former senior adviser for responsible investments at Dutch pension fund PGGM....
[more] 
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