Connect with us

Saskatchewan Politician Keen on Potash-Based Sovereign Wealth Fund

Published

on

The Canadian province of Saskatchewan produces around half of the world’s known potash. Potash is mostly used for fertilizers and is a key import for emerging market food supplies. The province extracts royalties from potash production based on potash prices. Alberta has their Heritage Fund and now Canada’s New Democratic Party (NDP) political leader Dwain Lingenfelter laid out plans to create a potash fund that will set aside $100 million annually.

Canada is the biggest producer of Potash.

The proposed fund dubbed the “Bright Futures Fund” would grow to $10 billion in forty years according to the NDP. The NDP drafted the idea of a long-term savings fund similar to Alberta’s permanent savings fund and Norway’s oil fund. One key feature of the proposed fund is that it would not be used as a rainy day fund to balance the province’s fiscal budget. Implementation of the proposed fund will depend on regional elections and most likely provincial legislative action.

PSP Investments and Blue Sky Alternative Investments End Strategic Partnership Agreement

Published

on

Blue Sky Alternative Investments Limited informed Canada’s Public Sector Pension Investment Board (PSP Investments) that it agreed to terminate its strategic agreement effective March 31, 2019. In December 2017, Blue Sky Alternative Investments forged an agreement with PSP Investments to assist in committing capital in a number of agricultural investments.

Continue Reading

Yield-Hungry Korean Insurance Capital Backs TSX Broadway

Published

on

Mirae Asset Daewoo Co., Ltd., the Seoul-based investment banking firm, has provided a US$ 375 million loan for a redevelopment in New York’s Times Square. It joins L & L Holding Company, Maefield Development, and Fortress Investment Group who are bringing the development known as TSX Broadway to life. The building is at 1568 Broadway in Manhattan. TSX Broadway, a US$ 2.5 billion project when all equity financing is added in, will allow for renovations and expansion of the 46-storey building. An LED screen, which is not an uncommon sight in the Big Apple, will wrap around the corner of the tower. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

OFFICIALS: Saudi Crown Prince Denies Interest in Acquiring Manchester United

Published

on

The Saudi Arabian government dispelled rumors that Saudi Crown Prince Mohammed bin Salman will acquire football club Manchester United. However, Saudi Arabia’s Public Investment Fund (PIF) had talks regarding sponsorship with the football club. Manchester United signed a partnership deal with Saudi Arabia’s General Sports Authority in 2017.

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.