Sovereign Wealth
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LATEST ARTICLES
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Six months into his job, Rafael Consing, president and CEO of MIF, explains the mandate, approach and targets of this newly launched sovereign wealth fund, as well as its potential to catalyze foreign investment and transform the country's energy and infrastructure sectors.
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The Singapore state-owned fund has unveiled plans to invest $10 billion in India and to plough more capital into the US and Japan. At the same time, it is quietly retreating from China, once its largest investment market, but now beset by underperforming capital markets, weak growth and bleak consumption data.
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A debate in Australia arguing for the liquidation of the sovereign wealth fund has relevance to the global fund community.
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Thirty percent of Singapore sovereign fund’s portfolio is in private equity or real estate. Surely this is as good as it gets for private markets.
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Temasek, as an equity-only sovereign wealth vehicle, had a bad year. A close look at its portfolio positioning helps us understand what it is doing about it.
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A new study attempts to quantify the damage of 2022 for sovereign wealth funds. Beneath the numbers are tumultuous levels of deal activity, as funds tried to take advantage and position for the long term.
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Maharlika Investments Fund looks like it will be a development vehicle that takes Indonesia for inspiration.
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China Investment Corporation’s annual reviews are always out of date, but they provide clues to what is happening now.
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Sovereign wealth funds have swamped private markets over the last decade, but there are questions whether the pace of investment can continue.
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In a highly unusual step, Singapore’s sovereign wealth vehicle has spelled out how and why it bought into the FTX story.
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Growthfund was formed six years ago as a steward for Greek state-owned enterprises in the hope of improving and extracting value from them. As chief executive Gregory Dimitriadis explains, its ambitions now include investment, emission reduction and enabling the flow of capital from the Middle East.
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Logging only a 1.2% decline over the past year is good going for Australia’s sovereign wealth fund, testament to a policy to build an inflation-ready portfolio relying heavily on private markets.
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Euromoney hit the road in style during April, driving for eight hours in the snow to cover one story.
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In frozen far northern Alberta, Euromoney meets perhaps the world’s least likely sovereign wealth fund, investing compensation settlement money for Canada’s Little Red River Cree Nation. It is rigorous, disciplined and sophisticated, and reminds us that sustainable finance has been around for centuries.
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Several sovereign funds have either pledged to leave Russia or are considering doing so. But how will they get out? Could their exit enrich those that sanctions are intended to penalize?
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A longstanding pioneer in illiquid and private assets, Australia’s Future Fund has found itself well placed for an uncertain and yieldless world. It got here by being able to adapt to changing conditions and CIO Sue Brake knows there is plenty more of that to come.
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Fonsis is an interesting sovereign wealth fund, operating a fund-of-funds model to help the country’s SME development while generating an industry around the management of private capital.
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Sovereign wealth involvement in football clubs has a chequered history. Saudi’s intentions with Newcastle are clearly about more than investment, but can these deals ever work?
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Temasek’s unusual positioning among sovereign wealth vehicles allowed it to get full exposure to the equity upswing. The results also tell us interesting things about developed versus emerging markets, deal making in a travel-free pandemic and making the best of a crisis.
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A new Invesco report reveals that sovereign funds are shifting to equities, looking for more alternatives, being called upon for drawdowns and turning to Asia.
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Norway pulls out of West Bank-linked companies; Mubadala and Temasek invest in tech and energy.
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Cashed-up as the crisis began, many sovereign funds took the opportunity to invest heavily through the coronavirus pandemic. But while some looked to international markets for contrarian positions, more looked to see what they could do at home.
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A new study finds that Temasek and GIC were in almost two thirds of sovereign wealth deals in the year to September 2020.
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APFC chief executive Angela Rodell sees opportunity in the Covid market disruption.
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Different sovereign funds have approached Covid in different ways – drawdowns, contrarian investments, flights to safety and backstopping local raisings – but Ireland’s has perhaps been the most clearly defined.
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Covid-19 may be the moment sovereign wealth funds were made for: a shocking disruption to national economies that calls for a stable, patiently invested buffer. Funds have reacted in different ways, but they’re all bigger, shrewder and hopefully smarter than they were during the GFC.