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
Axiata discussing other deals after Telenor letdown   
(Sunday - September 08, 2019) Associated Profiles : Khazanah Nasional Berhad – Malaysia
Source: New Straits Times on MSN.com - Axiata, whose main shareholders are Malaysian sovereign wealth fund Khazanah Nasional Berhad and state investment company Permodalan Nasional Berhad, operates in countries including Indonesia, Sri Lanka, Bangladesh, Cambodia and...
[more] 
Saudi king taps son for ministry   
(Sunday - September 08, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Times Union - Saudi Arabia's King Salman replaced the country's energy ... Aramco's new board chairman, who replaced al-Falih, is the finance-minded Yasir al-Rumayyan, who heads the Public Investment Fund, the country's sovereign wealth fund.
[more] 
Corporations pile pressure on Brazil over Amazon fires   
(Sunday - September 08, 2019) Associated Profiles : Storebrand
Source: The Guardian - Jair Bolsonaro has made it clear he has no plans to change tack on the Amazon. Photograph: Evaristo Sa/AFP/Getty Images Financial pressure is growing on Brazil over fires in the Amazon and the far-right president’s...
[more] 
Saudi Arabia names Prince Abdulaziz as energy minister   
(Sunday - September 08, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Trade Arabia - He was replaced as Saudi Aramco chairman by Yasir Othman Al-Rumayyan, who has been the governor of the Saudi Public Investment Fund (PIF) since 2017. At the end of August, a royal decree split the Ministry of Energy, Industry and...
[more] 
SPUR Talk: Housing Development by the Numbers   
(Sunday - September 08, 2019) Associated Profiles : Qatar Investment Authority
Source: Streetsblog - Chances are the Qatar Investment Authority and managers of other sovereign funds, pension funds, and investment portfolios don’t care about the parking-space-per-unit ratio of a potential housing development in Oakland or...
[more] 
Saudi Banker’s Rise to Top Aramco Job Tracks Prince’s Own Ascent   
(Sunday - September 08, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Bloomberg - Their tandem ascent tells the tale of Saudi ambitions as it seeks to wean itself off ... Al-Rumayyan became MBS’s man at the Public Investment Fund, or PIF, the state investment vehicle, charged with recasting it from a...
[more] 
OPEC kingpin Saudi Arabia replaces energy minister: state media   
(Sunday - September 08, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: YAHOO! - Riyadh (AFP) - OPEC kingpin Saudi Arabia named King Salman's son as energy minister ... He was replaced in that post by Yasir al-Rumayyan, governor of the kingdom's vast Public Investment Fund. Falih also saw his portfolio shrink...
[more] 
Greenpeace calls on fast food giants to take a stand against Amazon destruction   
(Sunday - September 08, 2019) Associated Profiles : Storebrand
Source: Ekklesia - As fires continue to ravage the Amazon, Greenpeace International has launched a campaign asking fast food giants Burger King, McDonald’s and KFC to reject goods linked to environmental destruction in the Amazon and across...
[more] 
1MDB trial recap: September 3 to 5   
(Saturday - September 07, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: The Star - KUALA LUMPUR (Bernama): There was an explosive testimony from Datuk Amhari Efendi Nazaruddin, who was the former special officer to Datuk Seri Najib Razak, over the 1Malaysia Development Berhad (1MDB) scandal. Following are the...
[more] 
Japan’s SBI Holdings and Abu Dhabi’s Invest AD to invest $100 million in Turkish private equity   
(Saturday - September 07, 2019) Associated Profiles : Invest AD
Source: Al Bawaba News - Japan’s SBI Holdings, Inc. and Abu Dhabi financial services firm Invest AD are investing in a new joint private equity fund worth $100 million and focused on acquisitions in Turkey. The fund, to be jointly managed by the...
[more] 
Highlights of Najib's 1MDB trial from Sept 3 - 5   
(Saturday - September 07, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: bernama.com - KUALA LUMPUR, Sept 7 -- More and more explosive evidence have been disclosed by Datuk Amhari Efendi Nazaruddin, who was the former special officer to Datuk Seri Najib Tun Razak over 1Malaysia Development Berhad (1MDB) scandal....
[more] 
Michael Sabia: Canada’s CDPQ chief on reaching growth with ‘real assets’   
(Saturday - September 07, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: The Financial Times - We have the skills to complete and deliver [green]field projects. Other pension funds don’t do that, says Mr Sabia © Tony Healey Share on Twitter (opens new window) Share on Facebook (opens new window) Share on...
[more] 
Malaysia's Axiata flags other deals, tower unit IPO after Telenor letdown   
(Saturday - September 07, 2019) Associated Profiles : Khazanah Nasional Berhad – Malaysia
Source: Leader-Post - Axiata, whose main shareholders are Malaysian sovereign wealth fund Khazanah Nasional Berhad and state investment company Permodalan Nasional Berhad, operates in countries including Indonesia ...
[more] 
Saudi women directors bring empowerment message to Venice   
(Saturday - September 07, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Middle East North Africa Financial Network - For its part, the Public Investment Fund, Saudi Arabia's sovereign wealth fund, recently announced it wants to locate an electric vehicle industry in the Kingdom, following an agreement to invest ...
[more] 
Pershing Square Statement on Strong Endorsement from Canadian Pension Plan Investment Board   
(Saturday - September 07, 2019) Associated Profiles : Canadian Pension Plan (SPF)
Source: PR Newswire - NEW YORK, May 11, 2012 /PRNewswire/ -- William A. Ackman of Pershing Square Capital Management, L.P. ("Pershing Square") today issued the following statement regarding the Canadian Pension Plan Investment Board's (CPPIB) vote to...
[more] 
China Implements New Foreign Exchange Rules In The Free Trade Zones.   
(Saturday - September 07, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: conventuslaw.com - The State Administration of Foreign Exchange ("SAFE"), China's foreign exchange regulator, announced on several occasions this year – which marks the 40th anniversary of SAFE's establishment – its commitment to...
[more] 
Managers tell Australian funds to bypass tradition for better returns   
(Saturday - September 07, 2019) Associated Profiles : Future Fund (Australia)
Source: Pensions&Investments - Australia's sovereign wealth fund, the A$162.6 billion Future Fund, last week reiterated future returns won't be as strong as recent years. AustralianSuper, the country's largest superannuation fund with A$165 billion in assets,...
[more] 
Istithmar boosts management of Istithmar Hotels New team to drive global growth plans   
(Saturday - September 07, 2019) Associated Profiles : Istithmar World - Dubai
Source: Al Bawaba News - Istithmar Hotels, the recently-launched subsidiary of Istithmar, today announced the strengthening of its executive management team – an initiative that would enable it to leverage its dynamic business model and energize...
[more] 
3 stock brokerages eligible for forex business amid China's financial reforms   
(Saturday - September 07, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: China Internet Information Center - BEIJING, Sept. 5 (Xinhua) -- China's State Administration of Foreign Exchange (SAFE) has approved three securities firms to carry out pilot business in foreign exchange (forex) settlement and sales, it was announced on Thursday....
[more] 
A Beautiful Contradiction: The Freedom Dividend   
(Saturday - September 07, 2019) Associated Profiles : Alaska Permanent Fund Corporation
Source: Daily Nexus - The Alaskan Permanent Fund is run by a state-owned institution, the Alaska Permanent Fund Corporation (AFPC). It was established in 1976 after the state government started making money from oil reserves. Since then, it has been...
[more] 
Alba hits Historic Milestone of 10 million working-hours without LTI   
(Saturday - September 07, 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] 
Bank of Russia Cuts Rate for Third Time, Signals More Easing   
(Saturday - September 07, 2019) Associated Profiles : National Wealth Fund
Source: YAHOO! - An additional proposal to spend the liquid part of the country’s national wealth fund has drawn warnings from central bank. What Our Economists Say: “The guidance leaves the door open to at ...
[more] 
Bank of Russia cuts rate for third time as inflation slows   
(Saturday - September 07, 2019) Associated Profiles : National Wealth Fund
Source: The Japan Times - An additional proposal to spend the liquid part of the country’s national wealth fund has drawn warnings from central bank. The ruble has weakened more than 4 percent since the last rate decision on July 26. Further...
[more] 
Power Brokers of Canberra’s Corridors: Party players, advisers, insiders and unionists   
(Saturday - September 07, 2019) Associated Profiles : Future Fund (Australia)
Source: The Courier-Mail - The long-serving federal Treasurer isn’t in the spotlight as much these days but he remains a highly influential figure charged with managing about $175 billion on behalf of the Australian Government as chairman of the...
[more] 
BRIEF-SVG Capital confirms talks with Goldman, Canada's CPPIB   
(Saturday - September 07, 2019) Associated Profiles : Canadian Pension Plan (SPF)
Source: Reuters - Board confirms that it is in detailed discussions with consortium of Goldman Sachs and Canadian Pension Plan Investment Board (CPPIB) in relation to a possible alternative transaction * Speculation around identity of a unit of...
[more] 
MACC names Najib in 1MDB-linked forfeiture suit against Pekan Umno   
(Friday - September 06, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: YAHOO! - KUALA LUMPUR, Sept 6 — Pekan MP Datuk Seri Najib Razak is among 41 “office bearers” in the RM700,000 civil forfeiture suit against the Pahang Umno division, said to be linked to the 1Malaysia Development Berhad...
[more] 
Listing PPPs not as lucrative as private sale - fund manager   
(Friday - September 06, 2019) Associated Profiles : New Zealand Superannuation Fund
Source: Scoop - NZSIF is the second-biggest shareholder in Morrison & Co’s Public Infrastructure Partners Fund - or PIP Fund - behind the New Zealand Superannuation Fund. NZSIF values its 23 percent stake in the fund at $56.8 million,...
[more] 
No choice but to carry out Najib’s instructions; “he was my boss”: Former aide, on 1MDB scandal coverup   
(Friday - September 06, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: The Online Citizen - There was “no choice” for Malaysia’s former prime minister Najib Razak’s ex-aide but to comply with his boss’ orders, even when it meant playing a part in covering up the 1Malaysia Development Berhad...
[more] 
Malaysia: Najib Sought China’s Help Bailing Out 1MDB, Ex-Aide Testifies   
(Friday - September 06, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: BenarNews - Najib is standing trial on 25 charges of abuse of power and money laundering connected with 2.3 billion ringgit (U.S. $681 million) that went missing from 1Malaysia Development Berhad, or 1MDB, a fund he established in 2009 when...
[more] 
At Saudi Aramco, Changes at the Top Point to a Coming I.P.O.   
(Friday - September 06, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: New York Times - Aramco unexpectedly pulled back its I.P.O. plans a year ago, at a time of low oil prices, and instead decided to pursue a stake in Sabic, a huge Saudi chemical producer controlled by the country’s Public Investment Fund....
[more] 
Equity markets track Thursday’s US gains, US payrolls report and Fed Chair Powell on radar for later today   
(Friday - September 06, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: FXStreet - China State Administration of Foreign Exchange (SAFE) to allow 3 securities firms to participate in a pilot program related to foreign exchange settlement and sales; Says the move may help improve the market-based exchange rate...
[more] 
'What's going wrong with Australia'': RBA chief Philip Lowe fears the economy's time is up   
(Friday - September 06, 2019) Associated Profiles : Future Fund (Australia)
Source: Sydney Morning Herald - Yet Note Printing Australia offered only 2 per cent ... to invest in the community. They’ve also built a future fund against the day when the mine runs out. He describes it as “not a great story, but it is a pretty...
[more] 
New program aims to prevent unnecessary hospital admissions for older adults   
(Friday - September 06, 2019) Associated Profiles : Future Fund (Australia)
Source: News Medical - Preventing stressful, and often unnecessary, hospital admissions for older Australians living in residential aged care facilities is the aim of a new $1.9 million program funded by the Australian Government’s Medical...
[more] 
Palantir to Seek Funding on Private Market, Delay IPO   
(Friday - September 06, 2019) Associated Profiles : Temasek Holdings
Source: Bloomberg - The secretive data mining company approached Singapore’s Temasek Holdings Pte, SoftBank Group Corp. and other investors outside the U.S., according to people with knowledge of the situation, all of whom asked not to be...
[more] 
Hong Kong investor, Hines finalize Park Tower deal   
(Friday - September 06, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: The Business Journals - The Hong Kong Monetary Authority (HKMA) and Houston-based Hines have completed a long-anticipated deal to take a 49 percent interest in San Francisco’s Park Tower, for which they ultimately shelled out about $534 million,...
[more] 
3 stock brokerages eligible for forex business   
(Friday - September 06, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: China Internet Information Center - China's State Administration of Foreign Exchange (SAFE) has approved three securities firms to carry out pilot business in foreign exchange (forex) settlement and sales, it was announced on Thursday. CITIC Securities, Huatai...
[more] 
Temasek to launch $50m logistics fund with Swiss partner   
(Friday - September 06, 2019) Associated Profiles : Temasek Holdings
Source: NIKKEI - SINGAPORE -- Temasek Holdings, Singapore's state-backed investment group, and Swiss logistics company Kuehne + Nagel announced Thursday that they have established a $50 million fund to back ...
[more] 
National wealth fund ideas came out of Jho Low’s kitchen—former Najib aide   
(Friday - September 06, 2019) Associated Profiles : National Wealth Fund
Source: WHAT HAS - Economist and former special aide to Mr Najib, Datuk Amhari Efendi Nazaruddin, told the court on September 3 about how he was told that the Terengganu Investment Authority (TIA) turned from a ...
[more] 
Alaska’s universal basic income problem   
(Friday - September 06, 2019) Associated Profiles : Alaska Permanent Fund Corporation
Source: Vox - The money is in turn invested by the Alaska Permanent Fund Corporation in domestic and global stock, bonds, private equity, and more, and interest earnings are then distributed to Alaska residents every September. Former Gov. Jay...
[more] 
Witness ‘feared for his life’   
(Thursday - September 05, 2019) Associated Profiles : International Petroleum Investment Company (IPIC)
Source: The Star - Amhari was worried that he would be dragged into the arrangement between Najib and Jho Low if it was to cover up for the losses of 1MDB, the payment of debts to International Petroleum Investment Company due to the embezzlement...
[more] 
China mission 'to bail out 1MDB, SRC'   
(Thursday - September 05, 2019) Associated Profiles : International Petroleum Investment Company (IPIC)
Source: New Straits Times on MSN.com - “I was worried I would be implicated in the plans of Najib and Jho Low if the trip to China was indeed meant to cover up the losses of 1MDB funds, and the repayment of International Petroleum Investment Company (IPIC) debt...
[more] 
East Timor’s mass poverty, unemployment belie promises of “national liberation”   
(Thursday - September 05, 2019) Associated Profiles : Timor-Leste Petroleum Fund
Source: World Socialist Web Site - Energy resources extracted from the Bayu Undan gas field in the Timor Sea have generated about $20 billion in revenues for the Timor-Leste Petroleum Fund since 2004. Portions of this sovereign wealth fund, mainly interest...
[more] 
Pensions lifeboat agrees uplift for pensioners   
(Thursday - September 05, 2019) Associated Profiles : Pension Protection Fund - United Kingdom
Source: FTAdviser - The Pension Protection Fund has uplifted payments to a group of pensioners affected by a European court ruling. In an update on its website this week (September 2), the pensions lifeboat stated it has increased payments to a...
[more] 
Caisse teaming up with Samsung Securities on infrastructure investments   
(Thursday - September 05, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: Benefits Canada - The Caisse de dépôt et placement du Québec and Samsung Securities Ltd. are signing a memorandum of understanding for joint investments. The pension fund and the South Korean investment bank have been ramping...
[more] 
Malaysia had plan to use Chinese money to bail out 1MDB, court hears   
(Thursday - September 05, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Reuters - Najib, who was voted out of power last year amid public anger over alleged graft at 1Malaysia Development Berhad (1MDB), is on trial for allegedly receiving hundreds of millions of dollars from the state fund he set up in 2009....
[more] 
American–European Unity against China Is Indispensable   
(Thursday - September 05, 2019) Associated Profiles : Future Fund (Australia)
Source: National Review - transatlantic cooperation remains vital It is obvious where the impetus for the new European Commission to spend €100 billion on “European Champions” through the European Future Fund comes from. Europeans are at...
[more] 
Barneys looks at downsizing to survive bankruptcy   
(Thursday - September 05, 2019) Associated Profiles : Istithmar World - Dubai
Source: Crain's New York - Barneys was sold in 2004 and again in 2007 in a highly leveraged deal to Dubai-based private-equity firm Istithmar. Mired in debt once more, in 2012 Barneys enlisted Blackstone Group and Kirkland & Ellis to engineer an...
[more] 
Shenzhen to free currency conversion, cash flows   
(Thursday - September 05, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Middle East North Africa Financial Network - Under the auspices of the People's Bank of China and State Administration of Foreign Exchange, Shenzhen will become the first mainland city to progressively liberalize the conversion of foreign ...
[more] 
Overseas institutions hold more RMB assets   
(Thursday - September 05, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: China Daily - To meet the demand of overseas investment, China's QFII quota amounted to $111.38 billion this year, more than tripling the number from last year, according to the State Administration of Foreign Exchange. On the backdrop of...
[more] 
San Nicolas promotes Guam investment opportunities; touts $10 billion in sovereign wealth investment opportunities   
(Thursday - September 05, 2019) Associated Profiles : Qatar Investment Authority
Source: Pacific News Center - Photo shows, from left, Congressman Michael San Nicolas, Vice Chair Financial Services Committee, Guam(D); Congresswoman Sylvia Garcia, TX(D); Qatar Investment Authority CEO Mansoor Bin Ebrahim Al-Mahmoud; Congresswoman Maxine...
[more] 
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