8th November, 2021
Last March, Global SWF issued a special analysis on Abu Dhabi Inc., with a description of the four main SWFs operating out of the emirate today and with the first-ever estimate of ADQ’s assets under management (AuM), at US$ 110 billion. We also discussed the uncanny resemblance of the newest fund with its sister organization Mubadala, and how the new vehicle fitted in the overall macroeconomic goals.
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26th October, 2021
With days to go before the COP26 summit on climate change in Scotland, several state-owned investors have pledged commitments to decarbonise their portfolios with stronger sustainability policies and divestment from fossil fuels.
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6th October, 2021
Concern over climate change continues to prompt state-owned investors to declare their commitment to fighting greenhouse gas emissions with One Planet Sovereign Wealth Funds (OPSWF) signing up four new SWF members this week. Yet, the lack of standardization of greenhouse gas auditing and reviews of progress towards targets makes judging OPSWF's real world impact difficult to measure.
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1st October, 2021
In 2020, the impact of COVID-19 was felt among investment managers across the world and AIMCo was no different, incurring large losses. Since then, in an attempt to pursue stability and sustainability, the Alberta-based organization has appointed a new CISO, CRO, CFO, and on July 1 this year, a new CEO. As a result of some of these efforts, the fund enhanced its result in Global SWF’s GSR Scoreboard, from 84% in 2020, to 92% in 2021. We had the great pleasure of hearing more from Mr. Mark Prefontaine, AIMCo’s Chief Client & Stakeholder Relations Officer.
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22nd September, 2021
Singaporean state-owned investor Temasek has made a takeover offer for the troubled offshore oil platform and ship producer Sembcorp Marine, after increasing its shareholding by 4% to 46.6% and triggering an obligation to make a bid for the shares it does not own.
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1st September, 2021
On August 3, Alaska PFC reported its best annual performance ever, with a 29.7% return, and an all-time peak AuM of US$ 81.1 billion. A month before that, it had unveiled its strategy up to June 2025, when it expects private markets to rise to 40% of its portfolio. We had the immense pleasure of talking with Ms. Angela Rodell, who on October 1 will stand as the world’s only female CEO of a SWF.
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24th August, 2021
Saudi Arabia is determined to leverage its oil wealth to finance its transition to sustainable energy with its Public Investment Fund backing investment in solar energy.
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17th August, 2021
Papua New Guinea’s struggle to start a sovereign wealth fund demonstrates the difficulties facing resource-endowed least developed countries (LDCs) seeking to put their wealth to good use.
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12th August, 2021
Climate risk is a top priority for Norges Bank (NBIM), the manager of the world’s biggest sovereign wealth fund, the US$1.38 trillion Government Pension Fund Global (GPFG). While NBIM has made significant efforts to slash its carbon footprint, it still has a further journey to make even to match some of its peers – and the slow pace of transition is denying GPFG potential growth.
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4th August, 2021
With the drive towards net zero, the logical way asset owners can reduce the carbon intensity of their portfolios is to simply cut out exposure to fossil fuels. It is an easy and quick way to prove sustainability, but selling assets to third parties simply reduces the asset owner’s carbon emissions with little impact on climate change.
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6th July, 2021
Israel’s plan to launch a sovereign wealth fund – the Israel Citizens’ Fund – this year has been scuppered due to lower-than-expected revenue from tax on excess profits on gas and other natural resources. The Middle Eastern state’s experience underscores the challenges faced by governments seeking to leverage excesses of commodity revenues or foreign exchange reserves to establish an SWF.
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3rd July, 2021
The world’s oldest sovereign wealth fund Kuwait Investment Authority’s total assets have ballooned to US$670 billion marking a gain of 33%, according to Bloomberg’s sources.
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