Brunei Investment Agency

brunei investment agency

Brunei US$ 30 Billion
Established: 1983
Transparency Rating: 1
View Sovereign Fund Transaction Data
View Asset Allocation		 Origin: Oil
Firm Investment Style: Mixed
Entity Structure: Agency
Population Est.: 408,786 – 2011
Wealth Per Capita Est.: $73,388
Summary
Brunei Investment Agency (BIA) is the main agency that holds and manages the government of Brunei’s General Reserve Fund and their external assets.

Background
The economy in Brunei Darussalam is heavily influenced by the exports of crude oil and natural gas. Earnings produced from the oil industry are utilized to build up foreign reserves.

Strategy & Objectives
The Brunei Investment Agency has holdings in corporations, funds, hedge funds, commodities, fixed income, real estate and currencies.

Governance
Although Brunei Darussalam is served by nine commercial banks, it operates a Currency Board system and has no Central Bank. Under the Banking Acts and Finance Companies Act, the government of Brunei Darussalam regulates the banking industry. Through the Financial Institutions Division, the Ministry of Finance regulates all banking activities.

Sovereign Wealth Enterprises

1. Dorchester Collection
Established in 1996, it is a portfolio of luxury hotels, including the The Dorchester in London, The Beverly Hills Hotel in Los Angeles, Le Meurice and the Hotel Plaza Athinie in Paris and the Hotel Principe di Savoia in Milan.

2. Nudhar Corporation
It owns a 19% stake in Patersons Securities.

3. Bahagia Investment Corporation
A Malaysian entity that has investments in real estate.

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