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
Inside the American Media magazine that reads like Saudi propaganda   
February 14, 2020 Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: insider - The Saudi government had grown to dislike Bezos because The Washington Post ... "Since 2015, under the leadership of Crown Prince Mohammed bin Salman, the Public Investment Fund (PIF) has been restructured as a diversified...
[more] 
Solo lunches and masks: Chinese returning to work grapple with coronavirus   
February 14, 2020 Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Channel NewsAsia Singapore - "It's anything but normal," the 28-year-old told Reuters. FILE PHOTO: Jin Yang, 28, who works in a department of China's State Administration of Foreign Exchange, has his temperature checked at an entrance to his office, in the...
[more] 
Malaysia: luxury gifts, bribery allegations among revelations at trials of Najib Razak and Rosmah   
February 14, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: South China Morning Post on MSN.com - Two witnesses say Rosmah, the self-styled former ‘First Lady of Malaysia’, pushed to expedite a solar energy project related to her bribery charges At former premier Najib’s trial, court was told...
[more] 
Kevin Morais, Novel Baswedan get International Anti-Corruption Champion Award   
February 14, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Malaysiakini - former Bank Negara Malaysia governor Zeti Akhtar Aziz and former MACC chief commissioner Mohd Shukri Abdull in exposing the 1Malaysia Development Berhad (1MDB) scandal. He said it was a ...
[more] 
Irish asked Libya for bank bailout   
February 14, 2020 Associated Profiles : Libyan Investment Authority
Source: The Times - The talks fell apart primarily because Ireland’s banks were too small an investment for the Libyan Investment Authority, which controls assets worth more than £40 billion, including a holding ...
[more] 
Saudi Arabia’s cinema market reforms are a ‘historical event:’ Tarak Ben Ammar   
February 14, 2020 Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: ???????.?? - “Arab filmmakers can now talk to their people and make a success in their own country, Saudi Arabia, the GCC, and the Arab world so that we don't have to be beggars of having to export our culture,” he said. On...
[more] 
Wildfires forcing Australian funds to be more green   
February 14, 2020 Associated Profiles : Future Fund (Australia)
Source: Pensions&Investments - AGL, the nation's largest owner of coal-fired electricity assets, has created an up to A$3 billion fund to unlock investment in large-scale renewable energy in partnership with Queensland Investment Corp. on behalf of its...
[more] 
We got our hands on magazine from the publisher of the National Enquirer that reads like Saudi propaganda. Here's what's inside.   
February 14, 2020 Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Business Insider - In March of 2018, National Enquirer publisher American Media Inc. created a 97-page magazine praising Saudi Crown Prince Mohammed bin Salman.
[more] 
Hong Kong Monetary Authority vows to ensure stability of city’s financial system amid coronavirus outbreak   
February 14, 2020 Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: South China Morning Post - The city’s de facto central bank has activated a contingency plan, Eddie Yue, the Hong Kong Monetary Authority’s (HKMA) chief executive, said on Wednesday, without giving details. The authority is confident that the...
[more] 
‘They will make sure Newcastle are major players’ – Boxing supremo Eddie Hearn says Saudi consortium will spend big if takeover goes through   
February 14, 2020 Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Talksport - Eddie Hearn believes Newcastle United will become a major force in the football world if they are taken over by a Saudi consortium. Saudi Arabia’s Crown Prince Mohammed bin Salman is believed to ...
[more] 
Najib's trial: Ex-minister explains why donation offer not reported   
February 14, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: The Straits Times - Najib is on trial for allegedly misappropriating RM42 million (S$14 million) from SRC International, a former 1Malaysia Development Berhad subsidiary. The sum originated from a RM4 billion loan provided by the civil servants'...
[more] 
China sees current account surplus in 2019 as strong investment magnet   
February 14, 2020 Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: ECNS - The surplus in the current account stood at 177.5 billion U.S. dollars by the end of last year, data from the State Administration of Foreign Exchange (SAFE) showed Friday. Surplus of goods trade rose to some 462.8 billion...
[more] 
Rosmah’s trial: Ex-minister identifies Najib, wife’s voices in ‘Can I advise you something’ audio clip   
February 14, 2020 Associated Profiles : International Petroleum Investment Company (IPIC)
Source: MSN - May 2015 The company signs a $1 billion deal with Abu Dhabi's International Petroleum Investment Company to repay a $975 million loan to an international banking syndicate. June 2015 After a huge ...
[more] 
Wildfires Are Forcing Aussie Pension Funds to Be More Green   
February 14, 2020 Associated Profiles : Future Fund (Australia)
Source: YAHOO! - AGL Ltd., the nation’s largest owner of coal-fired electricity assets, has created an up to A$3 billion fund to unlock investment in large-scale renewable energy in partnership with Queensland Investment Corp. on behalf of...
[more] 
REFILE-Russia's cbank to offer Sberbank minority shareholders buy-out chance as part of sale   
February 14, 2020 Associated Profiles : National Wealth Fund
Source: Reuters - Russia’s central bank will offer to buy back the shares of minority shareholders in Sberbank as part if its deal to sell the lender to the finance ministry, Governor Elvira Nabiullina said on Thursday.
[more] 
Latest Company News for Nmc Health - Stock Market Wire   
February 14, 2020
Source: StockMarketWire - At 0858, the FTSE 100 was up 29.29 points, or 0.4%, at 7.306.92. Rio... NMC Healthcare said it had completed the formation of a joint venture in Saudi Arabia with the General Organization for Social Insurance and its investment...
[more] 
Russia rapidly recovered from sanctions & drop in oil prices – British investment trust   
February 14, 2020 Associated Profiles : National Wealth Fund
Source: RT - One of the key steps was the implementation of the fiscal rule, which mandates that if oil prices are higher than $42 per barrel, the extra money from exports is transferred to the Russian National Wealth Fund. Russia's foreign...
[more] 
Jim Banks Urges Firing of California’s Public Pension Head over Ties to China’s ‘Thousand Talents Program’   
February 14, 2020 Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: National Review - Representative Jim Banks sent a letter to California Governor Gavin Newsom on Wednesday urging the firing of California’s public pension head.
[more] 
HSBC, other banks cut Hong Kong mortgage borrowers some slack as coronavirus outbreak sends small businesses into tailspin   
February 14, 2020 Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: South China Morning Post - Homeowners held HK$1.44 trillion (US$185 billion) in mortgages at the end of December, according to the Hong Kong Monetary Authority (HKMA). DBS, Singapore’s biggest bank, said on Thursday it would extend a series of...
[more] 
Payments company Flywire closes $120M, buys Calif. SAAS company   
February 14, 2020 Associated Profiles : Temasek Holdings
Source: The Business Journals - Payment processing company Flywire has raised $120 million in a Series E investment round led by Goldman Sachs, and has acquired a Palo Alto, Calif.–based payment software company. The investment round included existing...
[more] 
Alba announces its financial results for the fourth quarter and full-year of 2019   
February 14, 2020 Associated Profiles : Mumtalakat Holding Company
Source: Zawya - Alba’s product portfolio comprises high-grade aluminium and Value-Added Products that include standard and T-ingots, extrusion billets, rolling slabs, properzi ingots and molten aluminium Alba is listed on both the Bahrain...
[more] 
Russian government to buy majority Sberbank stake by mid-2021 -source   
February 14, 2020 Associated Profiles : National Wealth Fund
Source: Reuters - The Russian government plans complete its purchase of the central bank’s stake in Sberbank , the country’s largest lender, by mid-2021, a source close to the talks told Reuters on Tuesday. Russia’s finance...
[more] 
Malaysian economic growth hits 10-year low as coronavirus fears loom   
February 13, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: South China Morning Post on MSN.com - Growth slowed to 3.6 per cent in final three months of 2019, the lowest since the height of the global financial crisis First quarter of 2020 also likely to disappoint, as Bank Negara governor warns of impact of the Covid-19...
[more] 
Advisory Services Network LLC Grows Stock Holdings in Darden Restaurants, Inc. (NYSE:DRI)   
February 13, 2020 Associated Profiles : PGGM – Asset Managers for Pension Funds
Source: theenterpriseleader.com - PGGM Investments raised its position in Darden Restaurants by 21.8% during the third quarter. PGGM Investments now owns 446,221 shares of the restaurant operator’s stock valued at $52,752,000 after purchasing an additional...
[more] 
U.S. lawmaker calls for ouster of CalPERS CIO over China ties: letter   
February 13, 2020 Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: YAHOO! - A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation's largest, citing what he called the CIO's "long and cozy" relationship with Beijing,
[more] 
LIA reveals its 2020 reform strategy including best practice, better management and transparency   
February 13, 2020 Associated Profiles : Libyan Investment Authority
Source: Libya Herald - The Libyan Investment Authority (LIA) revealed its seven-point reform strategy for 2020, its Media and Relations Office informed the Libya Herald today. The new 2020 strategy comes in the framework of reorganizing the entity in...
[more] 
Sberbank deal to finance fruits of Putin's 'January Revolution'   
February 13, 2020 Associated Profiles : National Wealth Fund
Source: Reuters - The finance ministry announced on Tuesday it will fund its purchase of the country’s largest lender with surplus funds from Russia’s National Wealth Fund (NWF), which is maintained at around 7% of GDP. The use of NWF...
[more] 
Ricky Ponting best Australian batsman of my lifetime: Greg Chappell   
February 13, 2020 Associated Profiles : Future Fund (Australia)
Source: India Times - "Critics, connoisseurs and pundits always debate about the greatness of two here in Australia and Greg's remarks have provided further meat to ... The foundation has decided to auction it at a future fund-raiser.
[more] 
Chinese sovereign wealth fund bets on Irish property market revival   
February 13, 2020 Associated Profiles : National Pensions Reserve Fund (SPF)
Source: The Times - The fund is also backed by ISIF, the Irish state’s strategic investment fund and the successor to the National Pensions Reserve Fund. ISIF has invested €75m in the WLR Cardinal fund.
[more] 
‘Blockchain game leader’ SuperTree, closes 3 billion won in investment to expand service and IP   
February 13, 2020 Associated Profiles : Korean Investment Corporation (KIC)
Source: Associated Press - SEOUL, South Korea, Jan. 22, 2020 /PRNewswire/ -- Leading Blockchain Game Development company, SuperTree Co. Ltd, (SuperTree, CEO Choi Sungwone) announced on the 21st that it has successfully attracted a total of 3 billion won in...
[more] 
China's central bank sells 30 bln yuan of bills offshore   
February 13, 2020 Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: Reuters - The People’s Bank of China priced a 20 billion yuan three-month tranche at a coupon of 2.55%, and sold another 10 billion yuan of one-year bills at 2.60%, the Hong Kong Monetary Authority said in a statement on Feb. 13. The...
[more] 
How Kim Kardashian’s pal Carla DiBello pitched Newcastle takeover to Saudi billionaire prince Mohammed bin Salman   
February 13, 2020 Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: The Sun - And now it is claimed she is helping the Saudi Public Investment Fund (PIF) negotiate a £343m deal to buy a majority stake. Saudi Crown Prince Mohammad Bin Salman is believed to be looking at buying the club. He was...
[more] 
Not proper to use Arab donation to buy luxury watch: Anifah   
February 13, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: The Sun - Following which, Justice Mohd Nazlan ordered the defence to give an update on the report on Monday. Muhammad Shafee also informed the court that the defence would arrange for 1Malaysia Development Berhad (1MDB) investigating...
[more] 
FAB issues three-year sterling-denominated bonds   
February 13, 2020 Associated Profiles : International Petroleum Investment Company (IPIC)
Source: CPI Financial - The Abu Dhabi-based bank’s new sterling bond will be the biggest syndicated deal in the currency out of the Middle East since a GBP 550 million note sold by International Petroleum Investment Company in 2011. FAB appointed...
[more] 
Hong Kong banks compare pandemic stress test with epidemic reality   
February 13, 2020 Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: Reuters - Last October, nearly four dozen banks in Hong Kong confronted a nightmare “stress test” scenario: a pandemic that swept through the city, followed by a major cyberattack and a telecoms breakdown. In the simulation,
[more] 
SGRF’s Rakiza Fund to invest in Oman renewables   
February 13, 2020 Associated Profiles : State General Reserve Fund (Oman)
Source: Utilities ME - The State General Reserve Fund (SGRF) was launched by the wealth fund in 2018 to enable foreign equity investors to explore opportunities in Oman’s broader infrastructure sector. Areas of strategic investment interest...
[more] 
Eddie Hearn addresses rumours dad Barry Hearn is involved in Newcastle Saudi takeover   
February 13, 2020 Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Express - “We are not involved in buying it, so sorry for the person who was driving the price up. We are not in the running." Negotiations between Public Investment Fund of Saudi Arabia, the Reuben brothers and Newcastle are...
[more] 
Jackie Trad anti-debt fund figures don’t tally up   
February 13, 2020 Associated Profiles : Future Fund (Australia)
Source: The Australian - Ms Trad used December’s mid-year fiscal and economic review­ to announce a $5bn Queensland Future Fund, with the cash to be taken from the defined­ benefit fund’s $7bn surplu­s and reinvested, and the...
[more] 
Business Live: Sensex, Nifty open in the red on dismal macro data   
February 13, 2020 Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: The Hindu - The People's Bank of China priced a 20 billion yuan three-month tranche at a coupon of 2.55%, and sold another 10 billion yuan of one-year bills at 2.60%, the Hong Kong Monetary Authority said in a statement on Feb. 13. A drop in...
[more] 
Singapore's Temasek invests in UK-based fintech company FNZ   
February 13, 2020 Associated Profiles : Temasek Holdings
Source: Asia Asset Management - Singapore's state-owned investment company Temasek Holdings has acquired a stake in UK-based financial technology company FNZ for an undisclosed sum. Temasek joins existing investors Caisse de depot et placement du Quebec (CDPQ),...
[more] 
Sberbank of Russia (SBRCY)   
February 13, 2020 Associated Profiles : National Wealth Fund
Source: YAHOO! - The Russian government is considering using the country's National Wealth Fund (NWF) to buy the central bank's stake in Sberbank, Finance Minister Anton Siluanov said on Thursday, Russian news agencies reported. The issue of...
[more] 
Cops to record statements from Najib and Rosmah on MACC audio recordings   
February 12, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Malaysiakini - Police will record statements from the former prime minister, Najib Tun Razak and his wife, Rosmah Mansor next week, to assist in the investigations into several audio recordings released by the Malaysian Anti-Corruption...
[more] 
AirAsia: one scandal too many, or too big for Mahathir’s Malaysia to let fail'   
February 12, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: South China Morning Post - who is now facing over 40 charges of graft and corruption linked to the 1Malaysia Development Berhad (1MDB) corruption scandal. The public relations exercise for the former administration also saw Fernandes praise Barisan...
[more] 
Kenmare Resources PLC   
February 12, 2020 Associated Profiles : State General Reserve Fund (Oman)
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] 
Emirates Integrated Telecommunications Company PJSC ("du") announces 9.3% Growth in its 2019 Net Profit   
February 12, 2020 Associated Profiles : Emirates Investment Authority
Source: Zawya - EITC is 50.12 percent owned by Emirates Investment Authority, 10.06 percent by Mamoura Diversified Global Holding PJSC, 19.7 percent by Emirates International Telecommunications and the remaining by public shareholders and...
[more] 
MACC still awaiting documents from SFO on AirAsia-Airbus scandal   
February 12, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: bernama.com - On Jan 8, MACC revealed audio recordings of conversations allegedly involving leakage of information from the Attorney-General’s Chambers to Najib when he was prime minister, and other discussions linked to investigations...
[more] 
Lokman’s appeal to be heard on March 5   
February 12, 2020 Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: The Sun - Lokman has filed an appeal against the decision of the High Court on Jan 14, this year, which dismissed his application to set aside the leave obtained by AG Tan Sri Tommy Thomas to initiate committal proceedings against him for...
[more] 
MSCI launches low-carbon indexes   
February 12, 2020
Source: Environmental finance - MSCI has launched a set of low-carbon indexes, which have won the backing of major investors the Fourth Swedish National Pension Fund (AP4), Fonds de Reserve pour les Retraites (FRR) and Amundi.
[more] 
$1.49b Metlifecare takeover: KordaMentha appointed, shareholder meeting called   
February 12, 2020 Associated Profiles : New Zealand Superannuation Fund
Source: The New Zealand Herald - The takeover offer was announced just before Christmas and the New Zealand Superannuation Fund agreed to sell its 19.9 per cent stake into the offer. Metlifecare's board signed a scheme implementation agreement with the private...
[more] 
Russia to use wealth fund for infrastructure despite Sberbank purchase - minister   
February 12, 2020 Associated Profiles : National Wealth Fund
Source: Reuters - MOSCOW, Feb 11 (Reuters) - Russian Finance Minister Anton Silaunov said on Tuesday the government would continue using the National Wealth Fund (NWF) to invest in infrastructure projects despite spending it to purchase a stake in...
[more] 
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