Policy

2Q LMTI Transparency Index Released

SWFI research has released the Second Quarter 2017 of the Linaburg-Maduell Transparency Index (LMTI). NOTES The Texas Permanent University Fund was added with an initial score of 9. The North Dakota Legacy Fund was added with an initial score of 8. The Russian Direct Investment Fund was added with an initial score of 7. Coverage […]


Frankfurt Real Estate

Sovereign Funds Mandated to Greater Disclosure When Acquiring European Assets

As sovereign funds conduct more direct investments across continental Europe, regulators are requiring a higher level of transparency and insight into their operations. Sovereign wealth funds will have to provide more information to proper authorities when buying a significant control position in European companies or assets. Wealth funds will have to detail their investment policies […]


iShares Keeps BlackRock Growing

Goliath-manager BlackRock posted its latest quarterly results, revealing a 5% rise in assets under management (AUM). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Continues Investment Shift, Reaches Net Portfolio Value of S$ 275 Billion

Singapore’s Temasek Holdings issued their 2016 annual review, the Temasek Review, revealing a record net portfolio value of S$ 275 billion. The sovereign investor generated dividend income of S$ 7 billion for the year ended March 31, 2017 – a figure 19 times Temasek’s interest expense for the entire fiscal year. Since 2014, Temasek had […]


ETF GAME: CICC Buys a Majority Stake in Krane Funds Advisors

China International Capital Corporation Limited (CICC) is adding more capabilities to its product line by buying a majority 50.1% ownership stake in Krane Funds Advisors, LLC. Krane Funds Advisors is a New York-based asset manager known for its exchange-traded fund (ETF) product suite known as KraneShares. The deal also enables CICC a greater entry way […]


CIC Experiences AUM Growth in Overseas Investment Unit

The China Investment Corporation (CIC) released its 2016 annual report. Like many other peer sovereign fund reports, there was an emphasis on political uncertainty regarding powerful Western countries and how they had impacted returns for the 2016 fiscal year. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


GIC Expresses Cautionary Approach for Future Investment Periods

Singapore’s GIC Private Limited recently released its annual report, embracing a cautious tone. The Singaporean wealth fund had a challenging run for its latest fiscal year in terms of performance. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


FSI is on the Rise to Stimulate Italian SMEs

Italy is a major manufacturing economy in continental Europe, with a large presence of family-owned businesses. The Fondo Strategico Italiano (FSI) has been under the umbrella of Italy’s state lender Cassa Depositi e Presititi (CDP). The FSI is taking a significant stance on assisting Italian firms’ ability to access new capital to compete in international […]


SWFI First Read, July 5, 2017

General Atlantic Hires Former HKMA Direct Investments CIO Private equity firm General Atlantic has hired Yong Hak Huh as a special advisor. He is the former Chief Investment Officer of Private Markets and Direct Investment at the Hong Kong Monetary Authority (HKMA). “We are excited to welcome Yong Hak to the firm as we expand […]


ADIA Adopted Reference Portfolio, Continues Asia Push

The Abu Dhabi Investment Authority (ADIA) released its 2016 annual review. The giant sovereign fund is taking a page from its peers such as CPPIB, GIC Private Limited and the New Zealand Superannuation Fund, has formalized its reference portfolio, using a mixture of publicly-traded securities with fixed weightings. [ Content protected for Sovereign Wealth Fund […]


Wright and Dunphy Reappointed to Guardian of NZ Superannuation Board

Lindsay Wright and Philippa (Pip) Dunphy have been reappointed to the Guardians of New Zealand Superannuation Board, which oversees the New Zealand Superannuation Fund. The news was brought forth by New Zealand Finance Minister Steven Joyce. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Hansae and Hansae Yes24 Placed Under Watch by Norway’s Sovereign Fund

Norway’s sovereign wealth fund has put its investment interests in Hansae Co Ltd and Hansae Yes24 Holdings Co Ltd under observation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korea Development Bank Raises $300 Million in Inaugural Green Bond Issuance

The Korea Development Bank (KDB) issued US$ 300 million in its inaugural issuance of Green Bonds. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Maduell on CNBC: Sovereign Wealth Funds on the Lookout for Tech

This is an interview with Michael Maduell on Squawk Box via CNBC Asia. To play the VIDEO, go to CNBC Here CNBC interview: “Sovereign wealth funds are investing in tech start-ups to import cutting-edge technology back home, says Michael Maduell, Sovereign Wealth Fund Institute.” Date: June 27, 2017 (HK Time)


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SWFI First Read, June 23, 2017

QHG Oil Ventures Representatives Nominated to Rosneft Board On June 22, 2017, Rosneft held its annual shareholder meeting in Sochi. Two new board members were nominated to represent the interests of QHG Oil Ventures, the holding company owned by Glencore and the Qatar Investment Authority (QIA). One is Ivan Glasenberg Chief Executive Officer of Glencore […]


qatar

Qatar Airways Had Eyed a Stake in American Airlines

Qatar Airways, the ambitious Gulf airlines company, had approached American Airlines regarding an investment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


KIC Plans to Open Singapore Office

The Korea Investment Corporation (KIC) plans to open a Singapore office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


EASY MONEY: Mainland China to Get Added to MSCI Emerging Market Index

With more investors embracing passive investing, the power of index inclusion is becoming more important for countries as they seek to grow their global financial centers. After three unsuccessful annual attempts, China has finally been included to have its A shares be used in the MSCI Emerging Market index. [ Content protected for Sovereign Wealth […]


National Development Fund of Iran Could be Allocating Money to Rural Areas

The National Development Fund of Iran (NDFI) may have some of its money funneled into rural and nomadic parts of Iran. Iran’s parliament approved a bill to allocate US$ 1.5 billion in loans for job creation in rural areas in Iran.


ADIA Reshuffles Board

The Abu Dhabi Investment Authority (ADIA) experienced a shift in its board of directors. Two board members, Sheikh Sultan bin Zayed and Hamad Al Hurr Al Suwaidi, have exited their roles as wealth fund board members. In addition, Sheikh Khalifa bin Zayed bin Sultan Al Nahyan’s decree named Sheikh Mohammed bin Zayed, Crown Prince of […]