Kuwait Investment Authority

SWFI First Read, June 20, 2017

Landmark Merger Approved by Shareholders of Standard Life and Aberdeen Asset Management The merger between Standard Life and Aberdeen Asset Management is going through as shareholders overwhelmingly approved the deal. More than 98% of Standard Life shareholders and more than 95% of Aberdeen shareholders approved of the merger. The new company will be called Standard […]


Kuwait Makes Timely Transfer to SWF, Projects Gov Deficit of $26 Billion

On the backdrop of political headwinds in the GCC region, Kuwait’s parliament had approved a government budget for the current fiscal year to March 31, 2018. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hapag-Lloyd and United Arab Shipping Company Merger is Finalized

The merger between Hapag-Lloyd AG and United Arab Shipping Company (UASC) has finalized. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


KIA Speaks Up on FY 2016 Returns

The Kuwait Investment Authority (KIA) announced that recent press saying the fund lost US$ 6 billion for 2016 was untrue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Why Sovereign Wealth Funds Love Real Estate

Despite Norway’s sovereign wealth fund having a hard time finding suitable properties in Tokyo and in other core Asian cities, sovereign investors in the aggregate have steadily put capital to work in real estate. Even micro sovereign funds like the one owned by the Republic of Nauru, has ownership in Houston office real estate. The […]


SWFI First Read, May 9, 2017

Apple is Almost Worth More than Norway’s Sovereign Wealth Fund On April 8, 2017, Apple stock roared, going higher than US$ 153.44 per share, giving the tech company a market capitalization of over US$ 800 billion. In March 2017, Norway’s wealth fund broke the US$ 900 billion barrier, approaching US$ 1 trillion in assets. KIA […]


Follow the Money – Episode 34

In mid-March, Rachel and Michael roll back into Follow the Money, talking about luxury retail and infrastructure investments. Rachel talks about investment partnerships and Turkey’s wealth fund. Download the Episode CONTENTS 0:55 Neiman Marcus Story 4:15 Chatting About E-Commerce 5:30 Mubadala Updates 8:18 Sovereign Funds and Inflation Strategies 12:15 Hedging Cash Flows and Investment Partnerships […]


Borealis and Wren House Let Macquarie Exit Thames Water

Borealis Infrastructure, an infrastructure unit of OMERS and Wren House, the infrastructure unit of the Kuwait Investment Authority (KIA), have agreed to acquire a 26% ownership stake in Kemble Water Holdings Limited, the holding company of U.K. water company Thames Water, from Macquarie. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


Are Sovereign Wealth Funds Ready for Inflation?

Animal spirits have been released with the promise of less regulation, giving institutional investors renewed confidence in both stock and bond markets. Instead of just guessing what central banks are going to do, a number of sovereign investors are analyzing various real economies, collecting industrial data and studying growth projections. In fact, the gigantic Abu […]


KIA

KIA Managing Director Reported Stepping Down

Both Kuwait and global news sources are reporting that Bader Mohammad Al-Sa’ad, Managing Director of the Kuwait Investment Authority (KIA), is stepping down from his position, but will remain on the board at KIA. Bader Mohammad Al-Sa’ad was ranked #7 on the inaugural Public Investor 100 in 2013. [ Content protected for Sovereign Wealth Fund […]


KIA

KIA Managing Director Proposed to Join Daimler Supervisory Board

The Supervisory Board of Daimler AG plans to nominate Bader Mohammad Al-Sa’ad, Managing Director of the Kuwait Investment Authority (KIA), to its board. Bader Mohammad Al-Sa’ad was ranked #7 on the inaugural Public Investor 100 in 2013. The annual shareholders’ meeting for Daimler will be held on March 29, 2017 in Berlin. Dr. Bernd Bohr […]


SWFI First Read, February 13, 2017

Endeavour Energy Gets Offers The New South Wales government has received offers for a majority stake in Australian state-owned power grid Endeavour Energy. One investor group is led by Macquarie Group partnering with British Columbia Investment Management Corporation (bcIMC). Another investor group is led by Queensland Investment Corporation (QIC) that includes AMP Capital and Borealis […]


5 Fears and Dreams by Sovereign Funds Regarding Trump’s America

Will Donald Trump’s proposed policies drive up U.S. consumer and business spending – a number of large sovereign funds think so? Could the U.S. reach 4% GDP growth in 2017? On January 16th, the International Monetary Fund (IMF) raised its forecast for the United States over the next two years. Why? The IMF believes Donald […]


3 Considerations in Liquidity Management for Sovereign Funds

Sovereign investors and central bank reserve managers continually monitor price trends in exports, commodities and other macro-level inputs, as these factors can have a material impact on liquidity management strategies. On the sovereign wealth front, some of these institutional investors have a wide range of liabilities depending on government policy, applicable withdrawal legislation, funding sources […]


Kuwait Government to Sell Shares in Az-Zour Project

As the population of Kuwait grows, demand for electricity and water has been increasing. The Az-Zour North Independent Water & Power Project is a significant development occurring about 100 kilometers south of Kuwait City. On November 26, 2016, the power project portion was completed, giving the region a 1,500 MW natural gas-fired combined cycle power […]


KIA to Have Dow Chemical Preferred Stock Converted to Common Shares

Michigan-based Dow Chemical Company announced its intentions on December 15, 2016, that they will convert Series A preferred stock into shares of Dow common stock. The effective date of the conversion will be December 30, 2016. The amount is equivalent to about US$ 4 billion in preferred shares. [ Content protected for Sovereign Wealth Fund […]


Foreign Investors Line Up for Endeavour Energy

Caisse de dépôt et placement du Québec (CDPQ), Hastings Funds Management Limited, Sydney-based Spark Infrastructure Group and the Kuwait Investment Authority (KIA), have indicated an interest in acquiring Sydney-based Endeavour Energy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, December 9, 2016

2022: BlackRock to Move HQ to 50 Hudson Yards BlackRock is moving its headquarters from East 52nd Street (Midtown) to 50 Hudson Yards. Hudson Yards is partially backed by sovereign wealth money such as the Kuwait Investment Authority (KIA). The move is targeted for 2022. Lucien Wong to Resign from Temasek Holdings’ Board On November […]


Henderson Park Acquires Le Méridien Etoile Hotel

Real estate firm Henderson Park, backed by major investors such as Stone Point Capital, the Kuwait Investment Authority and Wafra Investment Advisory Group, acquired the Le Méridien Etoile hotel from Mount Kellett Capital Management and Cedar Capital Partners for US$ 500 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


SWFI First Read, November 1, 2016

Atlantia Looks to Sell 15% of Autostrade [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]