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Big Dreams: Mauritius to Set Up $500 Million Sovereign Wealth Fund

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The island nation of Mauritius has ambitious plans to create a US$ 500 million sovereign wealth fund. Mauritius Finance Minister Pravind Jugnauth made the announcement in Port Louis today during his annual budget presentation. The sovereign fund will have the ability to invest a wide variety of asset classes such as fixed income, equities and alternatives.

The money will come from the US$350 million in its foreign currency reserves and US$ 150 million from a Treasury foreign currency fund.

The government of Mauritius is keen on having greater financial stability in the foreign exchange market.

Former FSDEA Chairman Arrested in Angola

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Jose Filomeno de Sousa dos Santos, the son of Angola’s former president and former chairman of the country’s sovereign wealth fund, has been placed under arrest, according to the state prosecutor’s office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Keppel Land China Acquires Stake in Nanjing Jinsheng Real Estate Development

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On September 20, 2018, Keppel Land China, a subsidiary of Singapore-based Keppel Corporation, purchased a 40% stake in Nanjing Jinsheng Real Estate Development Co, a subsidiary of Gemdale Corporation. Keppel Land China did the deal through an entity called Eternal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Korea NPS Co-Invested in Delaware Basin Assets with Morgan Stanley

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The Delaware Basin is a geologic depositional and structural basin in West Texas and southern New Mexico. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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