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
Russia may turn to state investment to battle sluggish growth   
(Thursday - September 19, 2019) Associated Profiles : National Wealth Fund
Source: Reuters - Russia’s finance ministry plans to start spending excess cash from the National Wealth Fund (NWF) in 2020 once the sovereign wealth fund reaches its minimum size of 7% of GDP. The NWF totalled $122.9 billion as of Sept. 1....
[more] 
Wout Poels leaves Team Ineos for leadership role at Bahrain-Merida   
(Thursday - September 19, 2019) Associated Profiles : Mumtalakat Holding Company
Source: Cyclingnews.com - The Bahrain Merida team and McLaren are controlled by the Mumtalakat Holding Company – the sovereign wealth fund of the Kingdom of Bahrain. “It’s impossible not to admire what Team Bahrain Merida has achieved in...
[more] 
HKMA BIS HK innovation centre gets green light   
(Thursday - September 19, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: The Asset - THE Bank for International Settlements (BIS) and the Hong Kong Monetary Authority (HKMA) have signed an operational agreement on the BIS Innovation Hub Centre in Hong Kong. The centre will identify and develop in-depth insights...
[more] 
Hong Kong follows US Fed's 25 basis point rate cut, just in time for city's stalling economy and kickoff of Budweiser's mega IPO   
(Thursday - September 19, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: YAHOO! - "The interest rate cut will benefit the capital markets and economic activities in Hong Kong, " Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority, said in a media briefing ...
[more] 
Schneider Electric, together with firm Temasek Holdings, had announced an all-cash buyout of L&T\’s electrical and automation business   
(Thursday - September 19, 2019) Associated Profiles : Temasek Holdings
Source: Digital Journal - Schneider Electric expects to complete the Rs 14,000 crore acquisition of Larsen & Toubro's electrical and automation business by early 2020, its India head Anil Chaudhry said on September 11. In May last year, Schneider...
[more] 
Vertex Ventures announces the final close of its SEA & India Fund IV at $305M   
(Thursday - September 19, 2019) Associated Profiles : Temasek Holdings
Source: Your Story - Vertex Ventures, an early-stage venture capital arm of Singapore-based investment company Temasek Holdings, has announced the final close of its Southeast Asia and India-focused Fund IV at $305 ...
[more] 
Global tech giant Samsung switched on to ‘new opportunities’ in Saudi Arabia   
(Thursday - September 19, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Zawya - SoftBank has unveiled a second investment fund with the Saudi Public Investment Fund and Abu Dhabi’s sovereign wealth fund Mubadala Investment on board. The tech firm has also upped efforts to expand its foothold in Middle...
[more] 
Blackstone ‘holds assets longer’   
(Thursday - September 19, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian - Last week the $160bn Future Fund, the biggest local backer of private equity funds ... but through history grew up out of Australia, that’s an opportunity for us,” Mr Carnegie said. “So there’s an element...
[more] 
Temasek’s Vertex Closes Record $305 Million Southeast Asian Fund   
(Thursday - September 19, 2019) Associated Profiles : Temasek Holdings
Source: Bloomberg - Vertex Venture Holdings Ltd., a unit of Singapore’s Temasek Holdings Pte, has closed its fourth Southeast Asia and India fund at a record $305 million. The amount raised was a record for an early-stage investment vehicle in...
[more] 
Asian stocks turn lower amid an eventful post-FOMC session   
(Thursday - September 19, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: FXStreet - The Hong Kong Monetary Authority (HKMA) copied the Fed while announcing 0.25% to its benchmark interest rates whereas the Bank of Japan (BOJ) held its monetary policy unchanged with policy rate at -0.1% and 10-year Japanese...
[more] 
1MDB trial adjourned briefly for Najib to see eye specialist   
(Wednesday - September 18, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: bernama.com - KUALA LUMPUR, Sept 18 -- The High Court here today adjourned Datuk Seri Najib Tun Razak’s 1Malaysia Development Berhad (1MDB) trial at 11.30 am for the former prime minister to see a specialist concerning his eye problems....
[more] 
Khazanah sells Prince Court Medical Centre for RM1.02b   
(Wednesday - September 18, 2019) Associated Profiles : Khazanah Nasional Berhad – Malaysia
Source: Malaysiakini - Khazanah Nasional Berhad today announced that it is selling Prince Court Medical Centre (PCMC) in Kuala Lumpur for RM1.02 billion in cash. The sale comes slightly more than a year after Khazanah acquired the hospital from...
[more] 
Foundation Holdings leads investment in eye-care firm ASG Hospital   
(Wednesday - September 18, 2019) Associated Profiles : Temasek Holdings
Source: VCCircle - In February, VCCircle reported that Singapore state investment firm Temasek Holdings had invested Rs 270 crore ($38 million) in Dr. Agarwal's Eye Hospital. A VCCircle analysis of the eye-care segment published in April showed...
[more] 
PRESS RELEASE: Aabar Investments PJS announces -2-   
(Wednesday - September 18, 2019) Associated Profiles : Aabar Investments PJSC
Source: Finanztreff - EUR1,000,000,000 0.50 per cent. Exchangeable Bonds due 2020 and EUR1,000,000,000 1.00 per cent. Exchangeable Bonds due 2022
[more] 
Dutch Pension Funds Look to Transform How Real Estate Investors Decarbonize   
(Wednesday - September 18, 2019) Associated Profiles : PGGM – Asset Managers for Pension Funds
Source: Ai-cio.com - A new coalition backed by Dutch pension funds APG and PGGM has been formed to help real estate fund managers find avenues to decarbonize their portfolios and investment pipelines while still maintaining strong performance...
[more] 
Trolex Appoints Strata As New South African Distributor   
(Wednesday - September 18, 2019) Associated Profiles : Government Investment Unit (Indonesia)
Source: Mining - The Indonesian government said on Sunday that state investment agency Pusat Investasi Pemerintah (PIP) would buy a 7 percent stake in Newmont Mining Corp's Indonesian unit, paving the way for an initial public offering for the...
[more] 
Revived Budweiser IPO set to refresh Hong Kong exchange   
(Wednesday - September 18, 2019) Associated Profiles : Government of Singapore Investment Corporation (GIC)
Source: Irish Examiner - The offering has attracted GIC Private — formerly the Government of Singapore Investment Corporation — as a cornerstone investor with a commitment of about $1bn, the sources said. The company didn’t line up any...
[more] 
Pure Harvest Smart Farms raises $1.75mln to invest in new technologies and to seed its expansion into Saudi Arabia   
(Wednesday - September 18, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Zawya - We are here to stay.” Pure Harvest is participating in the annual Future Investment Initiative (FII) hosted by the Public Investment Fund of Saudi Arabia (PIF) on October 29 – 31 in Riyadh, Saudi Arabia. The Company...
[more] 
Future Fund searches for VC managers   
(Tuesday - September 17, 2019) Associated Profiles : Future Fund (Australia)
Source: top1000funds.com - During the Australia Investment Council conference held in Melbourne on Wednesday, Wendy Norris, deputy chief investment officer, private markets for the A$160 billion Future Fund, said venture capital remains key to accessing...
[more] 
E-Commerce meet deliberates on digital transformation in Oman   
(Tuesday - September 17, 2019) Associated Profiles : State General Reserve Fund (Oman)
Source: Muscat Daily - The IDO is underwritten and supported through the State General Reserve Fund, Oman Oil Company, The Research Council and Omantel. The two-day meet is being attended by executives and decision makers. More than 50 speakers from...
[more] 
Dutch pension giants unite for AI-led SDGs project   
(Tuesday - September 17, 2019) Associated Profiles : PGGM – Asset Managers for Pension Funds
Source: Citywire - Dutch pension groups APG and PGGM have united to form a new AI-backed platform to help institutional investors to better understand how companies are meeting the UN’s Sustainable Development Goals. The SDI Asset Owner...
[more] 
UN to launch new process for Libya in October   
(Tuesday - September 17, 2019) Associated Profiles : Libyan Investment Authority
Source: Hebdo Ahram - the bodies that manage this wealth (the National Oil Corporation and the Libyan Investment Authority), and the management, oversight and reunification of the Central Bank which, in 2014 ...
[more] 
China's removal of quota restrictions to buoy A shares: newspaper   
(Tuesday - September 17, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: ECNS - The State Administration of Foreign Exchange announced on Tuesday in a statement the cancellation of the maximum investment amount for foreign institutions investing in the onshore markets under two major schemes - the Qualified...
[more] 
APG, PGGM and NBIM fund real estate 'decarbonisation pathways' initiative   
(Tuesday - September 17, 2019) Associated Profiles : PGGM – Asset Managers for Pension Funds
Source: IPE - A newly-launched initiative, created to help property investors develop climate change strategies, is being funded by Dutch pension funds APG and PGGM and Norges Bank Investment Management. In an announcement, real assets...
[more] 
Advent and Cinven team up to bid for Thyssenkrupp’s lifts unit   
(Tuesday - September 17, 2019) Associated Profiles : Abu Dhabi Investment Authority
Source: The Financial Times - Advent International, Cinven and the Abu Dhabi Investment Authority are teaming up to bid for ThyssenKrupp’s lifts business, setting the stage for a multibillion-euro battle, said people familiar with the matter....
[more] 
Saeed Al Tayer commends Ahmad Bin Shafar for his pivotal role in developing Empower and the district cooling sector over 15 years   
(Tuesday - September 17, 2019) Associated Profiles : Istithmar World - Dubai
Source: Zawya - Empower acquired Palm Utilities in 2013, including its district cooling service entity, Palm District Cooling (PDC), from Istithmar World, which is considered to be one of the largest ever acquisitions in the district cooling...
[more] 
A look at Saudi Aramco's much anticipated, delayed IPO   
(Tuesday - September 17, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: The Daily Progress - Saudi Arabia has not said which international exchange ... Prince Mohammed has said that ownership of Aramco will be transferred to the kingdom's Public Investment Fund, aiding the sovereign wealth fund's ability to raise money...
[more] 
Scrapping onshore investment limits to 'improve' China market   
(Tuesday - September 17, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: GlobalCapital - The State Administration of Foreign Exchange (Safe) has scrapped the quota limits on two of the oldest access schemes for foreign investors to China’s onshore bond and equity markets. Bankers said the move could bring in...
[more] 
Insto roundup: AustralianSuper, Future Fund mull private asset rises; GPIF’s new index benchmark system   
(Tuesday - September 17, 2019) Associated Profiles : Future Fund (Australia)
Source: asianinvestor.net - AustralianSuper to more than double its private equity allocation; Korea's Mirae Asset set to acquire luxury hotel portfolio from Anbang of China; Japan's GPIF plans a new system for potential index benchmarks; Poba of Korea...
[more] 
Najib rues Sell, Sell, Sell mentality of PH govt   
(Monday - September 16, 2019) Associated Profiles : Khazanah Nasional Berhad – Malaysia
Source: Free Malaysia Today on MSN.com - Najib said government-linked companies were being sold one by one. He cited Japan-based Mitsui’s RM8.4 billion purchase of a 16% stake held by Khazanah Nasional Berhad in IHH Healthcare Bhd, and stakes in Malaysia’s...
[more] 
Recession is here will depression follow'   
(Monday - September 16, 2019) Associated Profiles : Excess Crude Account (Nigeria)
Source: Vanguard - Excess Crude Account, ECA, is being steadily depleted and debts are at the highest level since Dr Ngozi Okonjo-Iweala got us out of the debt trap in 2004. On May 29, 2015, the President announced that Nigeria was generating...
[more] 
Temasek advances in bid for stake in $2.5b Metro Pacific hospital unit   
(Monday - September 16, 2019) Associated Profiles : Temasek Holdings
Source: Singapore Business Review - This could potentially be the biggest healthcare deal in the Philippines. State investor Temasek Holdings are amongst the suitors who have advanced to the second round of the auction to buy into the hospital unit of...
[more] 
Economic uncertainties raise concerns for equity exposure   
(Monday - September 16, 2019) Associated Profiles : New Mexico State Investment Council - Permanent Trust Funds (United States)
Source: Pensions&Investments - In June, the $25.8 billion New Mexico State Investment Council, Santa Fe, selected new target allocations for two of its endowment funds. Broad U.S. equity exposure and broad international equity allocation were reduced to 10%...
[more] 
SWFs act LT, and collaborate, to thrive   
(Monday - September 16, 2019) Associated Profiles : Abu Dhabi Investment Authority
Source: top1000funds.com - and executive director of the strategy and planning department at Abu Dhabi Investment Authority, who also encouraged investors to consider risk in a more “sophisticated” way. “We need to differentiate between...
[more] 
Hong Kong’s financial war chest is big enough to withstand any 1998-like short sellers’ attack, says monetary authority’s chief   
(Monday - September 16, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: YAHOO! - chief executive of the Hong Kong Monetary Authority, the city’s de facto Central Bank. Short sellers in 1998 tried to force the government to delink the local currency’s peg to the US dollar by attacking the stocks,...
[more] 
Azerbaijan’s state budget revenues to exceed 24B manats in 2020   
(Monday - September 16, 2019) Associated Profiles : State Oil Fund of Azerbaijan (SOFAZ)
Source: Trend News Agency - The share of non-oil sector revenues in the state budget will be 43 percent (10.536 billion manats), and of oil sector - 57 percent (13.947 billion manats, including transfers from the State Oil Fund of Azerbaijan - 11.767...
[more] 
Handicap Parking Fraud/Despicable Cheaters/Anger/ Vindication   
(Monday - September 16, 2019) Associated Profiles : Abu Dhabi Investment Authority
Source: ChicagoNow - In return, the City received 1.15 billion dollars upfront from Chicago Parking Meters LLC, a venture Capitol group that includes Wall Street Investment House, Morgan Stanley, Alliance Capital Partners, and the Abu Dhabi...
[more] 
Temasek’s Vertex Closes New $290 Million Venture Fund   
(Monday - September 16, 2019) Associated Profiles : Temasek Holdings
Source: BloombergQuint - (Bloomberg) -- Vertex Growth Fund, the youngest of a family of technology investment vehicles backed by Temasek Holdings Pte, has raised more money than initially targeted for its inaugural fund.
[more] 
PE Panorama: Australian wealth fund bets on private equity   
(Monday - September 16, 2019) Associated Profiles : Future Fund (Australia)
Source: Asia Asset Management - Australia’s Future Fund is making some pretty public bets on private equity as it seeks even more exposure to the asset class. Speaking at the 2019 Australian Investment Conference, Wendy Norris, deputy chief investment...
[more] 
Letter: Temporary happiness, permanent sorrow   
(Monday - September 16, 2019) Associated Profiles : Alaska Permanent Fund Corporation
Source: Alaska Dispatch News - “We kept up and added to the earnings reserve account,” said Angela Rodell, executive director of the Alaska Permanent Fund Corporation. Reading further, and adding to my joy, I learned that the transfer of earnings...
[more] 
Qatar joins the scramble for a piece of African pie   
(Monday - September 16, 2019) Associated Profiles : Qatar Investment Authority
Source: Daily Nation - He said Qatar was interested in doing trade with African countries as it is recording the highest economy growth. Qatar Investment Authority is exploring trading sectors in Africa and has so far talked to industry captains in...
[more] 
The JNA Awards and KGK Group renew partnership   
(Monday - September 16, 2019) Associated Profiles : Mumtalakat Holding Company
Source: Middle East North Africa Financial Network - DANAT was formed as a wholly owned subsidiary of the Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom. As an organisation, DANAT has evolved from the Pearl ...
[more] 
Obama's top intelligence adviser joins WA cyber security firm   
(Monday - September 16, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian Financial Review - Former defence and foreign affairs minister Stephen Smith says the drone attacks on Saudi Arabia are a wake-up call for Australia and a harbinger of ... who replaces Future Fund director John Poynton as chairman of the Woodside ...
[more] 
Call to fast-track projects in Bahrain's Southern Governorate   
(Monday - September 16, 2019) Associated Profiles : Mumtalakat Holding Company
Source: Zawya - Edamah (Bahrain Real Estate Investment Company) is the real-estate arm of Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the kingdom. It is keen to start work on the first hotel at Bilaj Al Jazair next year with...
[more] 
Experts optimistic about China's capital market   
(Sunday - September 15, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: WION - The State Administration of Foreign Exchange (SAFE) Tuesday announced it would abolish the investment quota restrictions for QFII and RQFII to boost financial reforms and opening-up. Ted Niggli, head of the Morgan Stanley Capital...
[more] 
South Australian funding boost to beat cancer   
(Sunday - September 15, 2019) Associated Profiles : Future Fund (Australia)
Source: Armed robbery in Revesby - The Morrison Government is providing $3 million to support the South Australian Cancer Councils Beat Cancer Project. Funding from the Medical Research Future Fund (MRFF) will support grants and fellowships for research aimed at ...
[more] 
Saudi, Gulf stocks fall after attacks on Aramco oil plants   
(Sunday - September 15, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Reuters - Saudi Basic Industries (SABIC), the kingdom ... Aramco has agreed to buy a 70% stake in SABIC from the state Public Investment Fund in a $69.1 billion deal that is awaiting regulatory approvals.
[more] 
Scotiabank’s Mohr argues strong case for commodities now to 2020   
(Sunday - September 15, 2019) Associated Profiles : Government Investment Unit (Indonesia)
Source: Mining - The Indonesian government said on Sunday that state investment agency Pusat Investasi Pemerintah (PIP) would buy a 7 percent stake in Newmont Mining Corp's Indonesian unit, paving the way for an initial public offering for the...
[more] 
Green Energy Development and its Influence on Quality Of Life Discussed At Expo 2017   
(Sunday - September 15, 2019) Associated Profiles : National Fund [of Kazakhstan]
Source: Business Insider - co-managing director for the development of new industries of the Samruk-Kazyna National Welfare Fund; Ainur Aiypkhanova, director general of the Republican Center for Health Development, and others. "Investment in Renewable...
[more] 
Alba announces key partners for ARABAL 2019   
(Sunday - September 15, 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] 
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