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BREXIT Happens

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UK Prime Minister David Cameron - Addressing Brexit Outcome

UK Prime Minister David Cameron – Addressing Brexit Outcome

Breaking news. The United Kingdom will leave the European Union. The historic voter result sent the British pound falling to a 31-year low.

The final tally is – Leave: 17,410,742 versus Remain: 16,141,241

Bank of England governor Mark Carney says the central bank is ready to provide £250 billion in extra funds. “The Bank of England is monitoring developments closely,” the central bank commented in a public statement released just prior to 7AM UK time.

Sovereign Wealth Funds

How will Brexit impact sovereign wealth fund direct investing in the United Kingdom? According to data from the Sovereign Wealth Fund Transaction Database, sovereign funds directly invested US$ 17.85 billion in transactions in 2014 and US$ 29.41 billion in 2015 into the United Kingdom.

Before the vote, Norway’s sovereign wealth fund notified the press that they will remain a long-term institutional investor in the U.K. regardless of the Brexit outcome.

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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