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
CDPQ acquires minority stake in Brookfield-owned Healthscope   
(Friday - August 30, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: PE Hub - Caisse de dépôt et placement du Québec (CDPQ) has closed an agreement to co-invest in Healthscope Ltd, a Melbourne, Australia-based private hospital operator, alongside the private equity group of Brookfield...
[more] 
Online publishing company and former director found liable for misleading and deceptive statements   
(Friday - August 30, 2019) Associated Profiles : Future Fund (Australia)
Source: Armed robbery in Revesby - The Promo Letter and Guide promoted investing in a portfolio of specific listed investment companies and exchange traded funds which was said could mimic the performance of the Australian Government’s Future Fund. The...
[more] 
Witness verifies change in name of 1MDB subsidiaries   
(Friday - August 30, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: The Sun - KUALA LUMPUR: Several names of key personnel in 1Malaysia Development Berhad (1MDB), including the chief executive officer (CEO) and company directors of its subsidiaries were mentioned during the 1MDB trial involving Datuk Seri...
[more] 
Shenzhen forex regulator promotes reform of settlements   
(Friday - August 30, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: Global Times - The Shenzhen branch of the State Administration of Foreign Exchange (SAFE) announced on Thursday that it will launch a pilot program on foreign exchange receipt and payment facilitation to the entire city. The move is seen as the...
[more] 
Indonesian investment agency to buy 7% of Newmont Indonesia   
(Friday - August 30, 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...
[more] 
China clamps down on capital flight risk as yuan weakens   
(Friday - August 30, 2019) Associated Profiles : State Administration of Foreign Exchange (SAFE) Investment Company (China)
Source: NIKKEI - If the financial system is judged to be on the brink on instability, the State Administration of Foreign Exchange, or SAFE, will declare the situation "abnormal." Under that assessment level ...
[more] 
Canadian pension fund co-invests $300m in Healthscope   
(Friday - August 30, 2019) Associated Profiles : Caisse de dépôt et placement du Québec
Source: The Australian Financial Review - Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has invested $300 million alongside Brookfield Business Partners L.P. and its institutional partners in Healthscope. Brookfield won a...
[more] 
No gender division at new Six Flags theme park in Saudi Arabia   
(Friday - August 30, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Arabian Business - Mike Reininger, CEO of Qiddiya Investment Company (QIC), the wholly owned subsidiary of Saudi Arabia's HRH Crown Prince Mohammad bin Salman-led Public Investment Fund (PIF), said the theme park would appeal to a “broad...
[more] 
Australia Future Fund Logs a Stunning 11.5% Return   
(Friday - August 30, 2019) Associated Profiles : Future Fund (Australia)
Source: Ai-cio.com - The Australia Future Fund reigned supreme above its peers in its fiscal year, posting an 11.5% return for the period ended June 30, which encompassed some tough times. The fund, which grew to A$162.6 billion ($110 billion),...
[more] 
Here are the top 10 sovereign wealth funds in the Arab world   
(Friday - August 30, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: ???????.?? - For example, Saudi Arabia’s Vision 2030 economic plan aims to dramatically transform the Kingdom’s SWF, the Public Investment Fund (PIF), currently the 11th largest SWF in the world ...
[more] 
Smooth sailing for PSA $500m 10yr amid volatility   
(Friday - August 30, 2019) Associated Profiles : Temasek Holdings
Source: GlobalCapital - PSA International, the Temasek Holdings-owned port operator, seized $500m from its return to the dollar bond market after a three year hiatus. It priced the 10 year deal right around fair value, thanks to its opportunistic timing...
[more] 
Malaysian ex-PM Najib’s biggest 1MDB trial starts   
(Thursday - August 29, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Khmer Times - The prosecution wrapped up its submission on Tuesday in another case against him related to SRC International, a former unit of state investment fund 1Malaysia Development Berhad (1MDB). Xinhua KUALA LUMPUR (AFP) –...
[more] 
From TIA to 1MDB, witness tells how Najib took control of state firm   
(Thursday - August 29, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Free Malaysia Today - KUALA LUMPUR: Najib Razak first took control of Terengganu Investment Authority (TIA) before its name was changed to 1Malaysia Development Berhad (1MDB), the High Court heard today. Companies Commission of Malaysia assistant...
[more] 
The Northern Miner nominated for two national journalism awards   
(Thursday - August 29, 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] 
Najib's former aide paid RM24,000 salary for digital communications work   
(Thursday - August 29, 2019) Associated Profiles : International Petroleum Investment Company (IPIC)
Source: The Star Online on MSN.com - 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 debt burden, Malaysia’s...
[more] 
New Mexico State Investment Council earmarks $125 million for Clarion fund   
(Thursday - August 29, 2019) Associated Profiles : New Mexico State Investment Council - Permanent Trust Funds (United States)
Source: Pensions&Investments - New Mexico State Investment Council, Santa Fe, committed $125 million to Clarion Partners Lion Properties Fund, a core open-end real estate fund, said Charles Wollmann, spokesman for the $25.8 billion endowments, in an email....
[more] 
Australia’s Future Fund reports strongest fiscal year return in 4 years   
(Thursday - August 29, 2019) Associated Profiles : Future Fund (Australia)
Source: Pensions&Investments - Future Fund reported its strongest 12-month return in four years amid a shift in allocations to equities from cash. The Australian sovereign wealth fund Wednesday said it posted an 11.5% return for its fiscal year ended June 30,...
[more] 
Nigeria: $16bn Power Probe Records First Casualties   
(Thursday - August 29, 2019) Associated Profiles : Excess Crude Account (Nigeria)
Source: AllAfrica.com - LEADERSHIP gathered that about $8.5 billion cash was drawn from Excess Crude Account and disbursed to ... Also, the managing director of Chris Ejik Nigeria Limited, Mr. Christain Ejik Imoka ...
[more] 
Larson Electronics Releases Scaffold Mount Work Light with 150 Watt LED Lamp   
(Thursday - August 29, 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] 
New Mexico SIC frees up $425m of new capital for core real estate   
(Thursday - August 29, 2019) Associated Profiles : New Mexico State Investment Council - Permanent Trust Funds (United States)
Source: IPE - New Mexico State Investment Council (SIC) has reversed a plan to invest exclusively in non-core real estate during its current 12-month investment period, committing $425m (€383m) to funds managed by PGIM Real Estate and...
[more] 
New Saudi stocks added to MSCI said to attract $5 billion inflows: IIF   
(Thursday - August 29, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: ???????.?? - Saudi’s sovereign wealth fund, the Public Investment Fund (PIF), the 11th largest in the world, remains the biggest investor in the Kingdom’s stock market. Since the start of 2019, Saudi ...
[more] 
Hong Kong Monetary Authority buys 25% in A$1.8bn Sydney office tower   
(Thursday - August 29, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: IPE - The Hong Kong Monetary Authority (HKMA), which manages the reserves of the Hong Kong government, has acquired a 25% stake in Brookfield’s Wynyard Place development in Sydney, for a reported A$450mn (€270m). AMP...
[more] 
Najib 'set out to enrich himself'   
(Thursday - August 29, 2019) Associated Profiles : Aabar Investments PJSC
Source: Asia One - The third phase concerned another purported JV between 1MDB and Aabar Investments PJS Ltd (BVI), while the fourth phase concerned the purchase of Aabar options by 1MDB. On the 21 money laundering charges, the prosecution will...
[more] 
Saudi Sovereign Wealth Fund finalises terms on $10b loan   
(Thursday - August 29, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Gulf News - Riyadh: Saudi Arabia’s sovereign wealth fund ... according to people familiar with the matter. The Public Investment Fund will pay 30 basis points over the London Interbank Offered Rate for ...
[more] 
Publisher fined over misleading article   
(Thursday - August 29, 2019) Associated Profiles : Future Fund (Australia)
Source: YAHOO! - A guide to piggybacking the Future Fund - a $162 billion fund established to strengthen the Australian government's long-term financial position - was also sent to hundreds of people who paid PPP ...
[more] 
Saudi Public Investment Fund agrees on $10bn loan terms   
(Thursday - August 29, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Middle East Monitor - The Public Investment Fund of Saudi Arabia (PIF) has finalised the terms of the $ 10 billion worth loan that it is seeking to receive from several banks. It is the first commercial loan for the Fund charged with implementing the...
[more] 
Your afternoon Briefing: ‘I can’t recall how $100k cash got there’   
(Thursday - August 29, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: The Australian - NSW Labor boss Kaila Murnain tells probe she doesn’t remember exactly when she learned about a donation to the party, and Hong Kong Monetary Authority takes stake in Sydney. ‘I can’t recall how $100k cash got...
[more] 
Saudi Arabia’s PIF finalizes terms for $10 billion loan: Report   
(Thursday - August 29, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: ???????.?? - Saudi Arabia’s Public Investment Fund (PIF) has reportedly finalized terms of a $10 billion loan that it’s looking to raise from a group of banks, Bloomberg said on Wednesday citing unnamed ...
[more] 
Temasek nets $506m from Intouch stake sale   
(Thursday - August 29, 2019) Associated Profiles : Temasek Holdings
Source: FinanceAsia - Temasek took advantage of a brief improvement in market sentiment to sell nearly half of its equity stake in Thailand’s Intouch Holdings, raising Bt15.6 billion $506 million through a secondary block sale of shares after...
[more] 
China's central bank chief meets head of Hong Kong monetary authority   
(Thursday - August 29, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: Reuters - BEIJING (Reuters) - China’s central bank governor, Yi Gang, met Norman Chan, the chief executive of the Hong Kong Monetary Authority on Wednesday to discuss financial cooperation in the so-called Greater Bay Area of...
[more] 
Korea Investment Corporation Holdings in 2nd Quarter: 13F Alert   
(Thursday - August 29, 2019) Associated Profiles : Korean Investment Corporation (KIC)
Source: Bloomberg - The following is an analysis of Korea Investment Corporation as of June 30, according to a filing with the U.S. Securities and Exchange Commission on 08/12/2011.
[more] 
Our ‘very strained’ ties with China risks trade war fallout: Costello   
(Thursday - August 29, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian - Peter Costello says the “very strained” political relationship betwee­n Australia and China is putting obstacles in the way of healthy trading ties, and the local economy risks being harmed by the China-US trade...
[more] 
$4 million health funding is just the ticker   
(Thursday - August 29, 2019) Associated Profiles : Future Fund (Australia)
Source: The Mercury - Other world-leading research funded includes using a meningococcal vaccine to help beat gonorrhoea, and a trial that has Australia closer to beating the quick death sentence for patients with lung cancer. The Medical Research...
[more] 
Industry super's dominance confirmed   
(Thursday - August 29, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian Financial Review - Financial commentator Anthony Starkins, of financial planning firm First Samuel, argues this is the largest movement of capital in Australia’s financial markets since the Future Fund was established by Peter Costello in...
[more] 
Malaysia: Ex-PM Najib Razak's biggest 1MDB trial gets under way   
(Wednesday - August 28, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: Al Jazeera English - Najib, who lost a general election last year, has been hit with 42 criminal charges of corruption and money laundering at 1Malaysia Development Berhad (1MDB) and other state entities. In his opening statement, lead prosecutor...
[more] 
Najib’s 1MDB trial ends after four hours for first day   
(Wednesday - August 28, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: YAHOO! - KUALA LUMPUR, Aug 28 — The first day of the much-anticipated 1Malaysia Development Berhad (1MDB) trial of former prime minister Datuk Seri Najib Razak is adjourned to tomorrow morning. Today’s hearing, which began at...
[more] 
Saudi wealth fund said to agree terms on $10bn loan   
(Wednesday - August 28, 2019) Associated Profiles : Sanabil al-Saudia - (Has been known as Public Investment Fund), Hassana Investment Company
Source: Arabian Business - Saudi Arabia’s sovereign wealth fund finalized the terms of a $10 billion loan it’s seeking to raise from a group of banks, according to people familiar with the matter. The Public Investment Fund will pay 30 basis...
[more] 
Norway's biggest asset investors demand action on Amazon fires   
(Wednesday - August 28, 2019) Associated Profiles : Storebrand
Source: Al Jazeera English - The two most sizeable investors in Norway have told global companies to make sure they are not contributing to environmental destruction in the Amazon rainforest of Brazil. KLP and Storebrand ASA, with a combined $168bn in assets...
[more] 
Cairn Homes sells almost 300 unfinished apartments to cuckoo fund   
(Wednesday - August 28, 2019) Associated Profiles : National Pensions Reserve Fund (SPF)
Source: Independent.ie - Of the €1bn in funding, Ireland Strategic Investment Fund, formerly the National Pensions Reserve Fund is investing up to €60m. Meanwhile, this is Cairn's second large private sector rental transaction following the...
[more] 
Najib received RM19,846.59 in allowances as MP, Leader of Parliament - Witness   
(Wednesday - August 28, 2019) Associated Profiles : 1Malaysia Development Berhad (1MDB, formerly known as Terengganu Investment Authority)
Source: bernama.com - KUALA LUMPUR, Aug 28 (Bernama) -- The High Court hearing the 1Malaysia Development Berhad (1MDB) trial involving Datuk Seri Najib Tun Razak here today was informed that the former prime minister had received RM19,846.59 in...
[more] 
At start of 1MDB trial, prosecution paints a tale of excess and abuse   
(Wednesday - August 28, 2019) Associated Profiles : Aabar Investments PJSC
Source: Reuters - Goldman earned another $279 million as arranger of a $3-billion loan to fund a “sham” joint-venture project between 1MDB and Aabar Investments PJS to build the Tun Razak Exchange tower.
[more] 
8@eight: ASX set to open lower after wobbly Wall Street day   
(Wednesday - August 28, 2019) Associated Profiles : Future Fund (Australia)
Source: Sydney Morning Herald - 6. Results season: Virgin Australia, Afterpay, Bellamy's, Bega all scheduled to report while the Future Fund will release its latest performance stats. Metcash holds its annual meeting. 7. Gold: The safety of gold proved to be a...
[more] 
Jho Low and Najib are one: Prosecution’s opening statement in 1MDB trial   
(Wednesday - August 28, 2019) Associated Profiles : Aabar Investments PJSC
Source: Free Malaysia Today - Of this sum approximately US$577 million in round figures went to Aabar Investments PJS Ltd (BVI). This payment was purportedly as a security deposit for Aabar’s holding company IPIC issuing a guarantee guaranteeing the...
[more] 
Australia's Future Fund reports strongest fiscal year returns in four years   
(Wednesday - August 28, 2019) Associated Profiles : Future Fund (Australia)
Source: Pensions&Investments - The Future Fund reported its strongest 12-month returns in four years amid a shift in allocations to equities from cash. The Australian sovereign wealth fund Wednesday said it enjoyed an 11.5% return for its fiscal year ended...
[more] 
Who runs Noor Capital, the Emirati fund managed by Olivier Couriol'   
(Wednesday - August 28, 2019) Associated Profiles : Abu Dhabi Investment Authority
Source: intelligenceonline.com - Former number two at the Abu Dhabi Commercial Bank (ADCB) and former senior manager of the Abu Dhabi Investment Authority (ADIA), UAE financier Abdul Jabbar Al Sayegh has run the Noor Capital investment fund since its creation,...
[more] 
Sri Ram's opening statement at Najib's 1MDB trial   
(Wednesday - August 28, 2019) Associated Profiles : Aabar Investments PJSC
Source: bernama.com - Of this sum approximately USD577 million in round figures went to Aabar Investments PJS Ltd (BVI). This payment was purportedly as a security deposit for Aabar’s holding company IPIC issuing a guarantee guaranteeing the...
[more] 
Investors optimistic on trade war: Future Fund   
(Wednesday - August 28, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian Financial Review - The Future Fund says global share markets are not factoring in the ... The strong numbers, which beat the top returning superannuation funds, means Australia’s sovereign wealth fund's assets have swelled to $162.5 billion....
[more] 
Libyan Investment Authority’s bold plan to lure back investors   
(Wednesday - August 28, 2019) Associated Profiles : Libyan Investment Authority
Source: CNBC Africa - With Libya in the news for the wrong reasons, CNBC Africa’s Onyi Sunday caught up with Ali Shamekh, CEO of the Libyan Investment Authority to find out what could lure investors into the country.
[more] 
Mortgage Corp buying infrastructure loans   
(Wednesday - August 28, 2019) Associated Profiles : Hong Kong (China) Monetary Authority -- Investment Portfolio
Source: The Standard - Norman Chan Tak-lam, the chief executive of Hong Kong Monetary Authority, said the Hong Kong Mortgage Corporation is in the process of sourcing and buying infrastructure loans from banks and warehousing them for future...
[more] 
Future Fund smashes target with 11.5pc return in 2019 financial year   
(Wednesday - August 28, 2019) Associated Profiles : Future Fund (Australia)
Source: The Australian - The Future Fund has smashed its investment target for the year, adding more than $16 billion in returns as it reduced its cash holdings in favour of a higher allocation to emerging markets. The sovereign wealth fund said returns...
[more] 
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