Sovereign Wealth
Mozambique parliament passes SWF law
New fund will absorb oil and gas revenue in line with IMF conditions
Irish government to create two sovereign funds
New law will mandate government to deposit up to 0.8% of GDP in two funds over next decade
Norway’s sovereign wealth fund closes China office
Norwegian oil fund manager says its Singapore office is now the hub of its operations in Asia
Pakistan launches sovereign wealth fund
Struggling country transfers $8 billion of shares in seven state companies to new SWF
Philippine president signs SWF law despite corruption fears
Economists concerned over use of central bank funds and possible governance problems
US basketball chief: sovereign wealth funds cannot buy teams
Statement follows Qatari fund buying minority stake in owner of Washington Wizards
Tennis stars launch volley against Saudi SWF
PIF has talks with head of ATP tour on joint projects after golf merger
Economists warn Philippines state fund could increase corruption
Central bank will contribute annual dividends to fund for two years, delaying capital increase
Saudi SWF merges golf outfit with US rival
PIF ends legal disputes and becomes a leading power in the sport
Temasek cuts staff pay over failed FTX investment
Singaporean sovereign wealth fund says investment in FTX has damaged its reputation
Taiwanese central bank opposes sovereign wealth fund proposal
Legislators propose using 10% of Taiwan’s $561 billion foreign reserves to set up a SWF
Ireland considers sovereign wealth fund
Finance minister suggests move as government forecasts cumulative surplus of €656 billion
Italian PM considering sovereign wealth fund
SWF would support domestic industry and rely on “enormous savings”
Court rules golf tour organisers can sue Saudi sovereign fund
PGA Tour and Saudi-sponsored rival pursue dueling lawsuits in US court
Norway SWF suffers biggest losses since 2008
Norges Bank Investment Management reports negative return of more than $160bn
S&P worried about Israeli plans to use SWF funds, says report
Finance ministry says no bill has been prepared
Philippines governor withdraws opposition to SWF
Parliament passes president’s project after changes, despite warnings over corruption
Hong Kong sets up investment company using HKMA funds
Analysts draw parallels between the new company and Singapore’s sovereign wealth fund Temasek
Saudi sovereign wealth fund issues first bonds
Public Investment Fund markets $3 billion in “green bonds” for climate investments
Israeli sovereign wealth fund launches after years of delay
Government finally accrued required tax revenues from gas and mining sectors
Saudi sovereign wealth fund sets up national coffee company
Coffee venture is part of national diversification plan