As Israel prepares to start a sovereign wealth fund that would put it at number 13 in the rankings of the world’s largest wealth funds, we look at the top 20 as they stand today, according to the Sovereign Wealth Fund Institute.
The rankings also include their scores on the Linaburg-Maduell Transparency Index, which was developed by the Las Vegas-based wealth institute and awards points based on a fund’s disclosures about topics such as its history, investment strategies, returns and ethical code. Click through to see the top 20 largest sovereign wealth funds and how they rank in terms of transparency………………………………………..Full Article: Source

Parliament passed the Bill to establish the Sovereign Wealth Fund for Papua New Guinea unopposed. The first vote on the Bill presented by Prime Minister Peter O’Neill was 80-0 while the second result was 78-0, surpassing the absolute majority vote of 73.
Prime Minister Peter O’Neill thanked Members of Parliament for passing the bill to establish the sovereign wealth fund. “The establishment of the fund is very important for our nation’s development. The fund gives us the opportunity to protect and grow surplus wealth from the export of our mineral resources, and our oil and gas,” Mr O’Neill said………………………………………..Full Article: Source

The government of Western Australia has said it is planning to launch its own sovereign wealth fund in a bid to invest earnings from its mining boom. The state, which has large deposits of minerals such as iron ore, has seen mining revenues rise in recent years.
The surge has been driven by increased demand from China and other emerging economies in Asia. State Premier Colin Barnett said it was necessary to ensure the resources-led boom led to long-term benefits………………………………………..Full Article: Source

The CME Group, the world’s largest futures exchange owner, and Oman Investment Fund will raise their respective stakes in the Dubai Mercantile Exchange (DME) to support expansion at the Middle East oil bourse.
CME Group’s Nymex division will double its holding to 50 per cent, while Oman’s sovereign wealth fund will own 29 per cent of the Dubai exchange………………………………………..Full Article: Source

Mubadala Development Company is close to securing a financing deal for extension work at one of its landmark projects amid growing demand for debt issued by Abu Dhabi.
The state-backed investment fund hopes to secure a financing package by mid-2012 for a new $4.5 billion (Dh16.5 billion) construction phase at Emirates Aluminum (Emal) that will almost double the smelter’s production capacity………………………………………..Full Article: Source

The Federation Account Allocation Committee (FAAC) Wednesday deducted N187.090 billion from the Excess Crude Account (ECA) to make up for the shortfall in revenue for the month of January.
The gross revenue of N666.324 billion in the month under review was lower than the N892.705 billion realised in the previous month. That difference was N226.381 billion. Meanwhile, a total of N614.4 billion was Wednesday shared among the three tiers of government for January………………………………………..Full Article: Source