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Our purpose is to deliver the most up-to-date news, articles and figures on Sovereign Wealth Funds and their implications on global financial stability and markets.
23/06Bloomberg Kazakhstan May Buy Stakes in Independent Gold, Copper Producers
23/06Maktoob UAE sovereign fund to issue $500 mln sukuk
20/06Reuters Qatar may take bigger than expected Porsche stake-report
<<< earlier Monitor Group report on SWFs
THURSDAY, 21 MAY 2009 Monitor Group published a report "Weathering the Storm: Sovereign Wealth Funds in the Global Economic Crisis of 2008".
Read the report Monitor Group
NY Times article on Norway's SWF
THURSDAY, 14 MAY 2009 Landon Thomas Jr. writes at The New York Times on The Government Pension Fund - Global in the "Thriving Norway Provides an Economics Lesson " article.
Source: The New York Times
See The Government Pension Fund - Global details
Bloomberg article on Qatar Investment Authority
TUESDAY, 12 MAY 2009 Vernon Silver and Henry Meyer write at Bloomberg on Qatar Investment Authority in the "Sheikh Who Backed Barclays Gets Another Shot With Qatar's Money" article.
Source: Bloomberg
See Qatar Investment Authority details Deloitte report on SWFs
TUESDAY, 5 MAY 2009 Deloitte published a report on sovereign wealth funds and their investments in real estate market. "Sovereign Wealth Funds: Real Estate Partners in Growth?" also presents figures on SWF recent investments in real estate and financial institutions.
Source: Deloitte
KIA injects $1.37 bln to support bourse
MONDAY, 27 APRIL 2009 Reuters reports that Kuwait Investment Authority "has injected about 400 million dinars ($1.37 billion) so far into a fund to support the bourse, an official said in published remarks on Monday."
Source: Maktoob
See Kuwait Investment Authority details Mubadala issues first annual report
THURSDAY, 23 APRIL 2009 The National reports that, "Mubadala Development, the Government's strategic investment arm, has published an annual earnings report for the first time, shedding new light on a fast-growing organisation that has expanded to Dh54 billion (US$14.7bn) in assets despite losing almost Dh12bn in last year's global market meltdown."
Source: The National
See Mubadala Development Company details
Working Group Announces Creation of International Forum of Sovereign Wealth Funds
MONDAY, 6 APRIL 2009 The International Working Group of Sovereign Wealth Funds (IWG) announced today in Kuwait City the establishment of the International Forum of Sovereign Wealth Funds (Forum). The Kuwait Declaration, issued at the end of a two-day meeting hosted by the Kuwait Investment Authority and the State of Kuwait, states that the Forum, a voluntary group of SWFs, will meet at least once a year to exchange views on issues of common interest and facilitate an understanding of the Generally Accepted Principles and Practices - "Santiago Principles" - and SWFs' activities.
Mr. David Murray, Chairman of Australia's Future Fund Board of Guardians, was elected by the IWG members to chair the Forum. Mr. Jin Liqun, Chairman of the Board of Supervisors, China Investment Corporation, and Mr. Bader Mohammad Al-Sa'ad, Managing Director, Kuwait Investment Authority, were elected to be deputy chairs of the Forum.
Source: IWG Press Release Norway SWF to invest in green technology and exclude tobacco producers
FRIDAY, 3 APRIL 2009 Norway's Finance Minister Kristin Halvorsen proposed excluding tobacco producers from the Government Pension Fund - Global Investment Universe.
Furthermore, the Government Pension Fund - Global will invest 20 billion crowns ($3.03 billion) over the next five years in companies engaged in developing environmental technology, according to the Aftenposten daily newspaper.
Source: Reuters, Bloomberg
See The Government Pension Fund - Global details
Huijin to Buy 38% of New China Life Insurance
THURSDAY, 2 APRIL 2009 Caijing reports that, Central Huijin Investment Ltd., an arm of sovereign wealth fund China Investment Corp, will buy a 38 percent stake in New China Life Insurance Co. from the China Insurance Regulatory Commission (CIRC).
Source: Caijing
See China Investment Corporation details
Preqin Review: SWFs assets reached $3.22 trillion
MONDAY, 30 MARCH 2009 Preqin, a research and consultancy firm, estimates in "2009 Sovereign Wealth Fund Review" that SWFs assets reached $3.22 trillion this year.
Source: Preqin