Opalesque Sovereign Wealth Funds Briefing » Research http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en Oil-centric sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=21096 http://www.opalesque.com/SWF_Briefing/?p=21096#comments Wed, 30 Nov 2016 00:20:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21096 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21096>Article Link</a> Among the largest sovereign wealth funds, oil- and gas-related revenues account for just less than 57% of total assets, including four of the top five funds largest by assets, derive their assets from their energy industry. Norway’s Government Pension Fund Global sits atop the list with $885 billion in assets. (more…)

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China Sovereign Wealth Fund to Start Research Institute http://www.opalesque.com/SWF_Briefing/?p=20959 http://www.opalesque.com/SWF_Briefing/?p=20959#comments Tue, 08 Nov 2016 00:37:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20959 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20959>Article Link</a> China Investment Corporation (CIC), the country’s sovereign wealth fund, will set up a research institute to promote international trade and investment. Starting on Saturday, CIC will hold four recruitment sessions for overseas Chinese talent in Chicago, New York, Boston and San Francisco. (more…)

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African Sovereign Wealth Funds http://www.opalesque.com/SWF_Briefing/?p=20926 http://www.opalesque.com/SWF_Briefing/?p=20926#comments Tue, 01 Nov 2016 01:23:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20926 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20926>Article Link</a> Africa has experienced a growth spurt in the last decade largely because of rising commodity prices. But that can’t last forever, and it hasn’t. Partly as a hedge and partly as an economic development vehicle, several African nations started sovereign wealth funds (SWFs) to occasional controversy. (more…)

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Pew report sees Alaska ahead of other states in its ‘sovereign wealth fund’ http://www.opalesque.com/SWF_Briefing/?p=20791 http://www.opalesque.com/SWF_Briefing/?p=20791#comments Wed, 12 Oct 2016 02:25:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20791 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20791>Article Link</a> The Pew Charitable Trusts focused on seven states that have funds from extraction revenue, which the report describes as “sovereign wealth funds.” According to Pew, Alaska is one of only two state funds whose purpose is well-defined by state law. And the report found that it’s one of three states that doesn’t allow withdrawals from the fund principal. (more…)

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The sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=20659 http://www.opalesque.com/SWF_Briefing/?p=20659#comments Wed, 21 Sep 2016 03:30:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20659 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20659>Article Link</a> The sovereign wealth funds are the national investments many countries have made for their future generations. Some of these funds are huge, as seen by the figures presented in the next paragraph. The sovereign wealth funds have huge clout internationally – whether economic or geopolitical. Collectively or singularly, they can move markets, destabilise currencies or change governments. (more…)

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This Way to the Egress http://www.opalesque.com/SWF_Briefing/?p=20585 http://www.opalesque.com/SWF_Briefing/?p=20585#comments Wed, 07 Sep 2016 04:10:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20585 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20585>Article Link</a> Sovereign wealth funds were once referred to as white knights when it came to them bailing out a number of global investment banks such as Citigroup, Merrill Lynch and UBS during the financial calamity of 2007. To this day, wealth funds continue to amass tremendous financial firepower in the trillions, despite headwinds such as the oil glut, heightened geopolitical tensions, slowdown of global consumer demand and the possible rise of new protectionism. (more…)

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After years of success, Future Fund prepares for hard times http://www.opalesque.com/SWF_Briefing/?p=20570 http://www.opalesque.com/SWF_Briefing/?p=20570#comments Fri, 02 Sep 2016 03:40:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20570 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20570>Article Link</a> Chairman Peter Costello can justifiably be proud of the achievements of the Future Fund. Ten years after he established it as federal treasurer — setting up strict guidelines for its operation, to set aside what were windfall profits to help meet superannuation liabilities for public servants — the fund has doubled in size. (more…)

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What Australia could have learnt from Norway’s sovereign wealth bonanza http://www.opalesque.com/SWF_Briefing/?p=20541 http://www.opalesque.com/SWF_Briefing/?p=20541#comments Wed, 31 Aug 2016 01:24:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20541 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20541>Article Link</a> Norway built the biggest sovereign wealth fund in the world by investing a share of revenue from its offshore oilfields. Australia should have followed its example with the money from the mining boom. (more…)

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Africa’s friends reviewed - A case study of sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=20507 http://www.opalesque.com/SWF_Briefing/?p=20507#comments Thu, 25 Aug 2016 01:16:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20507 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20507>Article Link</a> Over the years, Africa has had many friends or those who claim to be friends, but who among these is betting her funds on the continent? It’s one thing to hand out grants and another to bet citizens’ funds in a cause or economy you believe in. Going by sovereign wealth funds, Norway is betting a lot on the African continent. (more…)

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Norway’s wealth fund – key points http://www.opalesque.com/SWF_Briefing/?p=20460 http://www.opalesque.com/SWF_Briefing/?p=20460#comments Thu, 18 Aug 2016 01:34:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20460 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20460>Article Link</a> Norway’s $890bn oil fund – the world’s largest sovereign wealth fund – eked a 1.3 per cent return in the second quarter, despite market volatility in the wake of the Brexit vote. Here fastFT pulls out some key figures from its second quarter performance. (more…)

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Of $40 oil and forced SWF selling http://www.opalesque.com/SWF_Briefing/?p=20399 http://www.opalesque.com/SWF_Briefing/?p=20399#comments Tue, 09 Aug 2016 01:52:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20399 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20399>Article Link</a> You know who doesn’t like a falling oil price? Sovereign wealth funds for countries dependent on high oil prices and in love with their (endangered) petrodollars. And a risk based on that dislike is a presumption of forced selling and equity market weakness becoming self-fulfilling as/ if oil prices slide. Stable oil prices means SWFs don’t have to suddenly liquidate but the opposite would also seem to be true… (more…)

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Gurus Worried, What Should Sovereign Funds Do? http://www.opalesque.com/SWF_Briefing/?p=20398 http://www.opalesque.com/SWF_Briefing/?p=20398#comments Tue, 09 Aug 2016 01:52:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20398 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20398>Article Link</a> Several prominent investment gurus have recently made public comments regarding the state of the markets - playing a bearish tone of what is to come. Even investment banking mammoth Goldman Sachs gave a warning signal, as well as GOP U.S. Presidential candidate Donald J. Trump chiming in on August 2, 2016 on Fox Business, “I did invest, and I got out, and it was actually very good timing.” (more…)

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Inside Ireland’s €8 billion Strategic Investment Fund http://www.opalesque.com/SWF_Briefing/?p=20392 http://www.opalesque.com/SWF_Briefing/?p=20392#comments Mon, 08 Aug 2016 01:38:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20392 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20392>Article Link</a> Abrakebabra; Lily O’Brien’s. The AA. Carrolls Cuisine. House building. Student accommodation. Office blocks. Loans to milk farmers. Life-changing drug treatments and technology R&D. Is there any part of the economy that the state-backed Irish Strategic Investment Fund (ISIF) doesn’t touch? (more…)

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Browne: Heritage & Stabilisation Fund not following best practices http://www.opalesque.com/SWF_Briefing/?p=20383 http://www.opalesque.com/SWF_Briefing/?p=20383#comments Thu, 04 Aug 2016 01:48:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20383 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20383>Article Link</a> Trinidad and Tobago’s sovereign wealth fund (SWF), the Heritage and Stabilisation Fund (HSF), is not following best practices as outlined in the Santiago Principles and exemplified by the Norway’s SWF, Mariano Browne, a former minister of state in the Ministry of Finance said last month. (more…)

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Sovereign funds’ European shareholdings up to four times bigger than thought http://www.opalesque.com/SWF_Briefing/?p=20376 http://www.opalesque.com/SWF_Briefing/?p=20376#comments Wed, 03 Aug 2016 01:51:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20376 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20376>Article Link</a> Sovereign wealth funds’ combined shareholdings are likely to be far bigger than previously thought, running to an average of at least 6-7 percent for Europe’s largest listed companies, according to a study. (more…)

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Avoiding the Pitfalls: Invest in Skills for Deal Evaluation http://www.opalesque.com/SWF_Briefing/?p=20363 http://www.opalesque.com/SWF_Briefing/?p=20363#comments Wed, 03 Aug 2016 01:48:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20363 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20363>Article Link</a> Venture and private equity investment are important components of the portfolios of sovereign wealth funds (SWFs). However, access to these asset classes has come with hefty management fees. For SWFs, there are several advantages to direct investment in venture and private equity deals. (more…)

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SWF safety net disappears amid commodities rout http://www.opalesque.com/SWF_Briefing/?p=20362 http://www.opalesque.com/SWF_Briefing/?p=20362#comments Tue, 02 Aug 2016 01:27:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20362 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20362>Article Link</a> According to a report from Bocconi University in Milan, the flow of funds from Sovereign wealth funds (SWFs) that formed a safety net during the last financial crisis of 2008/09 in the form of direct investment has disappeared. SWFs are investing less money now, compared to last five years. In 2015, the SWFs invested only $48 billion directly which is 57 percent lower compared to 2008, when they invested $112 billion. (more…)

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Sovereign wealth funds to become largest private equity allocator http://www.opalesque.com/SWF_Briefing/?p=20321 http://www.opalesque.com/SWF_Briefing/?p=20321#comments Wed, 27 Jul 2016 03:16:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20321 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20321>Article Link</a> Sovereign wealth funds could overtake public pension funds as the most significant source of private equity capital in the next five years, David Rubenstein, co-founder and co-chief executive officer of Carlyle Group told attendees at the Private Equity Exclusive conference in Chicago on Monday. (more…)

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The DoJ 1MDB complaint analysed: how the named banks fare http://www.opalesque.com/SWF_Briefing/?p=20311 http://www.opalesque.com/SWF_Briefing/?p=20311#comments Tue, 26 Jul 2016 01:34:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20311 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20311>Article Link</a> The US Department of Justice’s complaint seeking the recovery of assets related to the Malaysian sovereign wealth fund, 1MDB, is compelling reading. In a 136-page filing, a remarkable web of money transfers and illicit purchases is exposed. (more…)

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SMRT triple-A credit rating not affected by Temasek’s buyout offer, says S&P http://www.opalesque.com/SWF_Briefing/?p=20284 http://www.opalesque.com/SWF_Briefing/?p=20284#comments Fri, 22 Jul 2016 03:18:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20284 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20284>Article Link</a> S&P Global Ratings said on Thursday (July 21) that its credit rating on SMRT is not affected by the Temasek Holdings buyout offer for the rail and bus operator. (more…)

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3 Things Investors Should Know About Temasek’s Bid For SMRT Corporation Ltd http://www.opalesque.com/SWF_Briefing/?p=20283 http://www.opalesque.com/SWF_Briefing/?p=20283#comments Fri, 22 Jul 2016 03:18:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20283 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20283>Article Link</a> SMRT Corporation Ltd has made two huge announcements in short order. Last Friday, the land transport services provider revealed that it plans to sell its rail operating assets to the Land Transport Authority (LTA) for S$1 billion. The sale, if it happens, would effectively change the company’s business model from asset-heavy to asset-light. It’s a deal that may change SMRT Corporation’s business significantly – you can find out more about the possible changes here. (more…)

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The world’s top ten biggest sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=20218 http://www.opalesque.com/SWF_Briefing/?p=20218#comments Fri, 15 Jul 2016 03:24:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20218 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20218>Article Link</a> In the midst of collapsing oil prices, oil-funded sovereign wealth funds (SWFs) are under pressure to liquidate assets, according to political risk advisory firm GeoEconomica. There was roughly a 20 per cent fall over the past year in the deposits and reserves stored in the Saudi Arabian Monetary Agency (SAMA) by the Saudi government, according to estimates. This suggests that oil giants such as Saudi Arabia are now seeking to protect their budgets against dramatically declining revenues. (more…)

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The world’s 10 biggest sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=20217 http://www.opalesque.com/SWF_Briefing/?p=20217#comments Thu, 14 Jul 2016 03:30:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20217 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20217>Article Link</a> In the midst of collapsing oil prices, oil-funded sovereign wealth funds (SWFs) are under pressure to liquidate assets, according to political risk advisory firm GeoEconomica. There was roughly a 20 per cent fall over the past year in the deposits and reserves stored in the Saudi Arabian Monetary Agency (SAMA) by the Saudi government, according to estimates. (more…)

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Brexit unlikely to hit GCC sovereign wealth funds – Moody’s http://www.opalesque.com/SWF_Briefing/?p=20211 http://www.opalesque.com/SWF_Briefing/?p=20211#comments Wed, 13 Jul 2016 03:31:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20211 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20211>Article Link</a> The UK’s vote to leave the European Union (EU) will have a “negligible” impact on GCC sovereigns’ credit ratings, Moody’s said in a statement on Tuesday. The rating agency said GCC sovereign wealth funds have limited trade exposure to the UK and their sheer size offers resilience against potential fluctuations in the value of their assets. (more…)

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SWFs curb cross-border investments http://www.opalesque.com/SWF_Briefing/?p=20210 http://www.opalesque.com/SWF_Briefing/?p=20210#comments Wed, 13 Jul 2016 03:30:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20210 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20210>Article Link</a> Direct investments from sovereign wealth funds saw a 42 percent drop in the first half of the year compared with the same period in 2015, according to research from the Sovereign Wealth Fund Institute (SWFI). (more…)

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Kuwaiti investments in the UK may hit by Brexit http://www.opalesque.com/SWF_Briefing/?p=20209 http://www.opalesque.com/SWF_Briefing/?p=20209#comments Wed, 13 Jul 2016 03:30:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20209 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20209>Article Link</a> Kuwaiti investments in the United Kingdom are expected to be hit by the United Kingdom’s decision to leave the European Union, although the impact of Brexit is expected to be “short-term and not large”, Undersecretary Khalifa Hamada said. (more…)

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Sovereign investors’ M&A deals fall 26 percent by value in second quarter http://www.opalesque.com/SWF_Briefing/?p=20178 http://www.opalesque.com/SWF_Briefing/?p=20178#comments Mon, 11 Jul 2016 03:09:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20178 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20178>Article Link</a> Sovereign investors, including wealth funds, made $14.1 billion worth of acquisitions in the second quarter, down 26 percent from the first three months of the year but underpinned by a rebound in real estate deals. Data compiled by Thomson from Reuters shows sovereign investors, a category that can include everything from state pension funds to oil-backed investment vehicles, were involved in 39 deals between April and June, six fewer than in the first quarter. (more…)

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Saudi Arabia, Abu Dhabi among largest sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=20164 http://www.opalesque.com/SWF_Briefing/?p=20164#comments Thu, 07 Jul 2016 03:48:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20164 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20164>Article Link</a> Saudi Arabia’s SAMA Foreign Holdings fund was ranked fourth in the list of the world’s largest sovereign wealth funds, despite its assets falling by $33.9 billion to $598.4 billion by the end of Q2-2016, the Sovereign Wealth Fund Institute (SWFI) said in its monthly report for June. (more…)

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Sovereign wealth & buyout funds step up in June quarter http://www.opalesque.com/SWF_Briefing/?p=20123 http://www.opalesque.com/SWF_Briefing/?p=20123#comments Fri, 01 Jul 2016 01:51:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20123 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20123>Article Link</a> Private equity (PE) entities invested $3,602 million across 129 deals during the quarter ended June, as against $4,278 mn across 169 transactions in the same period last year, about 16% less. According to Venture Intelligence, the investment was 7% lower than the immediate previous quarter ($3,890 mn across 169 transactions). (more…)

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SWFs: Investing Directly and Creating Value http://www.opalesque.com/SWF_Briefing/?p=20093 http://www.opalesque.com/SWF_Briefing/?p=20093#comments Tue, 28 Jun 2016 01:22:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20093 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20093>Article Link</a> Today, when sovereign wealth funds (SWFs) put assets into alternative investments, they are more likely to be direct, rather than passive, investors. One of Canada’s largest pension funds recently bought a significant minority stake in Allflex Group, the global leader in animal monitoring technology, joining Allflex’s leading shareholder, private equity firm BC Partners. (more…)

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World’s 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017 http://www.opalesque.com/SWF_Briefing/?p=20075 http://www.opalesque.com/SWF_Briefing/?p=20075#comments Thu, 23 Jun 2016 03:23:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20075 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20075>Article Link</a> The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the world’s second-largest sovereign wealth fund. (more…)

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GCC sovereign wealth funds adjusting long-term strategies http://www.opalesque.com/SWF_Briefing/?p=20054 http://www.opalesque.com/SWF_Briefing/?p=20054#comments Mon, 20 Jun 2016 03:07:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20054 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20054>Article Link</a> As an inevitable consequence of a prolonged period of low oil prices, Gulf-based sovereign wealth funds are readjusting their long-term strategies, selling their financial assets abroad and pulling the money out at a rapid rate to fill the gaping budgetary holes. Also, there has been increased pressure on the them to invest in the local market in order to support projects troubled by budgetary cuts. (more…)

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Watchdogs exempt sovereign wealth and pension funds from study http://www.opalesque.com/SWF_Briefing/?p=20048 http://www.opalesque.com/SWF_Briefing/?p=20048#comments Fri, 17 Jun 2016 01:04:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20048 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20048>Article Link</a> Sovereign wealth funds and pension funds have won a temporary break from tighter regulatory scrutiny, as global watchdogs exempted them from an ambitious study aiming to curb systemic risks from financial institutions that are not banks or insurers. (more…)

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SWF acquisitions rise 62 percent, highest level since 2008 http://www.opalesque.com/SWF_Briefing/?p=20013 http://www.opalesque.com/SWF_Briefing/?p=20013#comments Mon, 13 Jun 2016 01:58:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20013 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20013>Article Link</a> The value of acquisitions involving sovereign wealth funds has risen 62 percent to $28.6 billion in the year to date, the highest level since 2008, Thomson Reuters data showed on Friday. The Qatar Investment Authority (QIA), a sovereign wealth fund, this week agreed to buy a 43-story Singapore office tower for $2.5 billion from the world’s largest asset manager Blackrock, adding to a flurry of mergers and acquisitions (M&A) by sovereign wealth funds. (more…)

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Auditing sovereign wealth funds: Qatar Investment Authority at the back of the class http://www.opalesque.com/SWF_Briefing/?p=19974 http://www.opalesque.com/SWF_Briefing/?p=19974#comments Tue, 07 Jun 2016 02:29:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19974 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19974>Article Link</a> Despite a lot of changes in Qatar in the last few years, the country’s sovereign wealth fund, the Qatar Investment Authority (QIA), is still getting extremely bad marks from international auditors. (more…)

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Saudi’s massive Uber investment: What the analysts think http://www.opalesque.com/SWF_Briefing/?p=19951 http://www.opalesque.com/SWF_Briefing/?p=19951#comments Fri, 03 Jun 2016 04:00:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19951 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19951>Article Link</a> News that Saudi Arabia’s sovereign wealth fund has pumped $3.5 billion into ride-hailing app Uber – reportedly the largest single investment ever made in a private firm – is a sign of new things to come, analysts say. The massive stake in San Francisco-based Uber, which values itself at around $62.5 billion, gives the kingdom’s Public Investment Fund a share of about 5 percent. It also gives Saudi a seat on Uber’s board of directors. (more…)

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Saudi Arabia invested $3.5 billion in Uber. That could be bad news for the global economy http://www.opalesque.com/SWF_Briefing/?p=19950 http://www.opalesque.com/SWF_Briefing/?p=19950#comments Fri, 03 Jun 2016 03:59:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19950 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19950>Article Link</a> Uber has raised an astonishing $3.5 billion from Saudi Arabia’s sovereign wealth fund. It’s one of the biggest venture capital investments in history and brings Uber’s overall fundraising haul to $11 billion. But while Uber is bragging about the investment, it could reveal a troubling trend in investment trends overall. (more…)

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Oil slump blamed for falloff in assets http://www.opalesque.com/SWF_Briefing/?p=19907 http://www.opalesque.com/SWF_Briefing/?p=19907#comments Mon, 30 May 2016 23:55:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19907 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19907>Article Link</a> The decline in oil prices had a trickle-down effect on money managers that run assets for sovereign wealth funds in 2015. Total assets managed for sovereign wealth funds by money managers in Pensions & Investments’ universe were $1.04 trillion as of Dec. 31, down 13.7% from 12 months earlier. (more…)

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The Take-Off of the Nigeria Sovereign Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=19900 http://www.opalesque.com/SWF_Briefing/?p=19900#comments Mon, 30 May 2016 02:22:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19900 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19900>Article Link</a> Professor Gordon L. Clark and Dr. Ashby Monk are two researchers known for their extensive work on Sovereign Wealth Funds (SWFs). Regular publications arising from their distilling research initiatives on different aspects/issues affecting sovereign wealth funds in all parts of the world get posted on the Oxford SWF Project website. (more…)

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Key questions raised by the $2 trillion Saudi wealth fund plan http://www.opalesque.com/SWF_Briefing/?p=19893 http://www.opalesque.com/SWF_Briefing/?p=19893#comments Fri, 27 May 2016 00:32:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19893 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19893>Article Link</a> Saudi Arabia is planning to expand its sovereign wealth fund into the world’s largest. The Public Investment Fund could eventually control more than $2 trillion, according to Deputy Crown Prince Mohammed bin Salman, making it big enough to buy the world’s four largest publicly traded companies. (more…)

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Sovereign Wealth Funds Investing In Infrastructure http://www.opalesque.com/SWF_Briefing/?p=19825 http://www.opalesque.com/SWF_Briefing/?p=19825#comments Fri, 20 May 2016 03:42:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19825 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19825>Article Link</a> Using extracts from the 2016 Preqin Sovereign Wealth Fund Review and data from Preqin’s Infrastructure Online, Joe McGee and Selina Sy examine these investors’ plans and preferences concerning infrastructure investments. (more…)

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Abu Dhabi to ease budget spending cuts, says ratings agency Moody’s http://www.opalesque.com/SWF_Briefing/?p=19802 http://www.opalesque.com/SWF_Briefing/?p=19802#comments Tue, 17 May 2016 02:32:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19802 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19802>Article Link</a> Fitch estimates that the Abu Dhabi government sold about $27 billion of sovereign wealth fund assets to help it finance its deficit in 2015. It can finance its deficit by drawing down on the assets of the Abu Dhabi Investment Authority, the sovereign wealth fund that manages between $475bn and $773bn in assets, according to different estimates. (more…)

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The State of Russian Sovereign Wealth Fund Assets http://www.opalesque.com/SWF_Briefing/?p=19781 http://www.opalesque.com/SWF_Briefing/?p=19781#comments Fri, 13 May 2016 03:22:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19781 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19781>Article Link</a> Much has changed since a decade ago. Russia’s fast growing spurt in oil is now in a different phase, as the price of crude oil is impacting the country. Russia’s Ministry of Economic Development in a 2017-2019 study forecasts the amount of assets in both the Russian Reserve Fund and National Welfare Fund will fall to 2 trillion roubles by 2020. (more…)

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The Middle East’s 10 Biggest Sovereign Wealth Funds (For Now) http://www.opalesque.com/SWF_Briefing/?p=19778 http://www.opalesque.com/SWF_Briefing/?p=19778#comments Thu, 12 May 2016 03:54:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19778 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19778>Article Link</a> Saudi Arabia’s plan to create a $2 trillion sovereign wealth fund has set an ambitious new standard for state-run investment vehicles. These funds are an increasingly common sight around the world, but particularly in the Middle East, where oil-rich governments like to squirrel away money when oil prices are high in preparation for leaner times. (more…)

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Preqin says SWFs are adopting ‘safer’ real estate strategies http://www.opalesque.com/SWF_Briefing/?p=19738 http://www.opalesque.com/SWF_Briefing/?p=19738#comments Fri, 06 May 2016 03:20:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19738 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19738>Article Link</a> According to the latest data from Preqin, core real estate is most targeted strategy, while distressed opportunities see large decline In its latest review, Preqin finds that sovereign wealth funds investing in real estate in 2016 have moved away from higher risk investment strategies, and are increasingly targeting strategies with a lower risk profile. (more…)

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Here Are 4 Ways to Invest Like the Pros at Sovereign-Wealth Funds http://www.opalesque.com/SWF_Briefing/?p=19713 http://www.opalesque.com/SWF_Briefing/?p=19713#comments Thu, 05 May 2016 03:19:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19713 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19713>Article Link</a> In the world of investing, there are the small players, big players and then the biggest players of all: sovereign-wealth funds, which are state-owned investment funds. The world’s SWFs manage trillions of dollars’ worth of investments on behalf of the governments that raised these funds through different forms of taxes, most frequently, by taxing natural-resource extraction. (more…)

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Major Gulf Sovereign Fund Retools Fund Manager Strategy http://www.opalesque.com/SWF_Briefing/?p=19697 http://www.opalesque.com/SWF_Briefing/?p=19697#comments Tue, 03 May 2016 01:36:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19697 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19697>Article Link</a> The oil crisis (for those who produce oil) has shed some light on the practices of Gulf sovereign investors. Sizable fund redemptions by SWFs occurred in 2015. For example, Northern Trust faced major outflows from several sovereign wealth fund clients, between March 2015 and March 2016. (more…)

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Saudi PIF, SAMA Foreign Holdings among largest sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=19696 http://www.opalesque.com/SWF_Briefing/?p=19696#comments Tue, 03 May 2016 01:36:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19696 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19696>Article Link</a> Saudi Arabia’s Public Investment Fund (PIF) is now the world’s 13th largest sovereign wealth fund with assets amounting to $160 billion by the end April, the Sovereign Wealth Fund Institute (SWFI) said in its latest report. (more…)

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Global Growth to Influence Wealth Fund Withdrawals, ADS Says http://www.opalesque.com/SWF_Briefing/?p=19692 http://www.opalesque.com/SWF_Briefing/?p=19692#comments Mon, 02 May 2016 03:26:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19692 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19692>Article Link</a> Global economic growth will determine whether sovereign wealth funds withdraw further funds from global markets, according to ADS Holding LLC Chairman Mahmood Al Mahmood. Funds are “there to act as a tool for governments when they’re needed,” Al Mahmood, who is also a board member at Abu Dhabi sovereign investment fund Mubadala Development Co., said. (more…)

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Sovereign Wealth Funds Uplift Muslim World with Fajr Capital http://www.opalesque.com/SWF_Briefing/?p=19684 http://www.opalesque.com/SWF_Briefing/?p=19684#comments Mon, 02 May 2016 03:24:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19684 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19684>Article Link</a> Fajr - Arabic for “dawn,” to symbolize hope - has a modest $700 million in capital, but its founding shareholders have much deeper pockets. Three sovereign wealth funds - the $111 billion Abu Dhabi Investment Council, Brunei Investment Agency, the sovereign fund of the oil-rich Southeast Asian sultanate, and Malaysia’s $35 billion Khazanah Nasional - joined forces with Mohammed Alsubeaei & Sons Investments Co. (MASIC) to create and nurture the young firm. (more…)

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Vision 2030: Dawn of a new era http://www.opalesque.com/SWF_Briefing/?p=19673 http://www.opalesque.com/SWF_Briefing/?p=19673#comments Fri, 29 Apr 2016 03:25:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19673 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19673>Article Link</a> At first sight, the Saudi Vision 2030 plan, unveiled this week by Deputy Crown Prince Mohammed bin Salman, seems to break with the Kingdom’s evolutionary approach. The implications of a radical realignment of the economy are profound. (more…)

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Sovereign wealth funds move into real estate amid volatile stock markets http://www.opalesque.com/SWF_Briefing/?p=19656 http://www.opalesque.com/SWF_Briefing/?p=19656#comments Thu, 28 Apr 2016 01:23:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19656 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19656>Article Link</a> Real estate is now a prime play for sovereign wealth funds (SWFs) as equity markets remain unpredictable, said an analyst Wednesday. The Sovereign Wealth Fund Institute president Michael Maduell said, “They are looking for long-term investments where they can lock up their capital and not have to continually reinvest that capital.” (more…)

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Is Saudi Arabia the next failed state? http://www.opalesque.com/SWF_Briefing/?p=19644 http://www.opalesque.com/SWF_Briefing/?p=19644#comments Wed, 27 Apr 2016 01:11:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19644 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19644>Article Link</a> Saudi Arabia has been a hot bed of bad news recently. First, there was their horrifying war in Yemen, then their empty threat to start selling off U.S. debt. Most recently, the 30-year-old Deputy Crown Prince Mohammad bin Salman, who heads the Saudi Council for Economic and Development Affairs (and also serves as defense minister) laid out a new plan, dubbed “Vision 2030,” to transition the country away from selling oil. (more…)

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Saudi Arabia’s growth plan: 0% income tax and a giant wealth fund http://www.opalesque.com/SWF_Briefing/?p=19641 http://www.opalesque.com/SWF_Briefing/?p=19641#comments Tue, 26 Apr 2016 00:21:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19641 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19641>Article Link</a> Saudi Arabia has no plans to introduce income tax any time soon, despite the damage done to its finances by the oil price crash. The kingdom made clear Monday that taxes on income or basic goods are not part of its 15-year strategy for breaking the economy’s dependence on oil. (more…)

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What’s In Saudi Arabia’s Blueprint for Life After Oil? http://www.opalesque.com/SWF_Briefing/?p=19639 http://www.opalesque.com/SWF_Briefing/?p=19639#comments Tue, 26 Apr 2016 00:21:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19639 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19639>Article Link</a> Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman unveiled his “Saudi Vision 2030” to reduce the kingdom’s reliance on oil. The blueprint, approved by King Salman, includes plans to sell less than 5 percent of Saudi Arabian Oil Co., or Aramco, the creation of the world’s largest sovereign wealth fund and raising non-oil revenue. (more…)

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SWFs ‘Not to Blame for Equity Crash’ http://www.opalesque.com/SWF_Briefing/?p=19630 http://www.opalesque.com/SWF_Briefing/?p=19630#comments Tue, 26 Apr 2016 00:19:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19630 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19630>Article Link</a> Market commentators that have blamed sovereign wealth funds (SWFs) for driving the recent equity market sell-off may be wide of the mark, according to advisory firm GeoEconomica. (more…)

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Five Questions About The New Saudi Economic Plan http://www.opalesque.com/SWF_Briefing/?p=19627 http://www.opalesque.com/SWF_Briefing/?p=19627#comments Mon, 25 Apr 2016 00:17:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19627 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19627>Article Link</a> The Kingdom will introduce its plan for an economic and financial restructuring of its sovereign wealth fund. On the scale of $2 trillion, this new Public Investment Fund (PIF) would be the largest in the world and would include a compelling IPO of a small portion of Saudi Arabia’s national oil company, Saudi Aramco. (more…)

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Commodities slump stalling sovereign wealth growth http://www.opalesque.com/SWF_Briefing/?p=19597 http://www.opalesque.com/SWF_Briefing/?p=19597#comments Thu, 21 Apr 2016 01:02:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19597 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19597>Article Link</a> Sovereign wealth funds in commodities economies are being forced to sell off assets to manage government deficits, slowing growth for the sector. The 2016 Preqin Sovereign Wealth Fund Review shows that while assets held in sovereign wealth funds collectively grew by $200 billion to hit $6.51 trillion in the year to March 2016, this growth was significantly slower than in previous years. (more…)

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Global sovereign wealth fund assets rise to $6.51 trillion http://www.opalesque.com/SWF_Briefing/?p=19596 http://www.opalesque.com/SWF_Briefing/?p=19596#comments Wed, 20 Apr 2016 03:51:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19596 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19596>Article Link</a> Sovereign wealth fund (SWF) assets increased by $200 billion in the year to March 2016 and now stand at $6.51 trillion despite recent market volatility and low oil prices, data from research provider Preqin showed on Tuesday. (more…)

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Preqin: Sovereign wealth fund assets up 3.2% in year; oil-dependent funds drop http://www.opalesque.com/SWF_Briefing/?p=19595 http://www.opalesque.com/SWF_Briefing/?p=19595#comments Wed, 20 Apr 2016 03:51:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19595 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19595>Article Link</a> Assets held by sovereign wealth funds across the globe increased 3.2% to $6.51 trillion in the 12-month period through March, driven by growth in non-commodity funds, Preqin said. The research firm reported that funds that do not derive their assets from commodities added $290 billion in assets over the year, while funds reliant on hydrocarbon assets, including oil, lost $10 billion. (more…)

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