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The Most Active Sovereign Wealth Fund Investors of 2013

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Sovereign Wealth Fund Direct Transactions by Year

sovereignwealthfund_transactions_march2014_annualSource: Sovereign Wealth Fund Transaction Database – March 2014

2013 was a milestone year for sovereign wealth funds acquiring companies and assets. According to the Sovereign Wealth Fund Institute’s proprietary transaction database, 2012 transactions amounted to US$ 65.09 billion, a drop from 2011’s US$ 90.04 billion. 2013 has set a record of US$ 174.73 billion in direct sovereign wealth fund transactions. This rebound of direct transactions reflects sovereign funds’ growth in assets, maturation of internal operations in the larger funds and improved confidence in the world economy.

The investment strategies of sovereign wealth funds has changed over the past eight years. Broadening direct investment tactics from acquiring manufacturing companies to farmland in Australia, fosters a growing role of sovereign funds as serious forms of long-term capital.

The majority of direct sovereign wealth fund investment activity flows from three key geographic areas: Asia, Gulf States and Northern Europe. Excluding Norway, the Asian sovereign wealth funds outmatched the Gulf-based sovereign funds on direct purchases in terms of total transaction amounts.

Who were the most active sovereign wealth funds in direct investing for 2013?

3. The Towers of Abu Dhabi
The Abu Dhabi Investment Authority’s buying splurge of core assets in Europe and Australia has pushed up the level of direct investment activity in both observations and transaction amounts for the fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

SA FinMin: PIC CEO Plans to Resign

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Dr Dan Matjila, the Chief Executive Officer of the Public Investment Corporation (PIC) of South Africa, plans to resign according to South Africa’s finance ministry, which oversees the organization. The finance ministry commented that PIC’s board was dealing with Matjila’s intentions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Goldman Sachs Sued by Abu Dhabi SWF Unit

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International Petroleum Investment Company (IPIC), which is now wrapped up into Abu Dhabi-based Mubadala Investment Company, is suing Goldman Sachs over its role in the 1MBD international corruption scandal. IPIC, through its unit Aabar Investments, was once an investment partner of 1Malaysia Development Berhad (IMDB). In the lawsuit, Aabar believes Goldman Sachs conspired with others to bribe both IPIC and Aabar Investment former executives. SWFI and other media outlets have written extensively on the matter.

In the fall, the U.S. Department of Justice (DOJ) already unsealed criminal charges against key players in the massive fraudulent scheme, while Malaysian government officials have jailed its former prime minister Najib Razak.

Lloyd Blankfein, the recent former CEO of Goldman Sachs, attended a 2009 meeting with Malaysian financier Jho Low (name: Low Taek Jho). According to various media sources, Blankfein is the unidentified Goldman executive who attended the 2009 meeting in New York in the U.S. court documents.

Goldman Sachs faces a plethora of lawsuits and regulatory probes stemming from its involvement in the 1MDB scandal.

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EXPORT DREAMS: American Reliance on World Oil at an Inflection Point

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Remember the days of experts talking about peak oil. The peak oil concept is the point in which the global petroleum production rate starts its inevitable historic decline. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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