Sovereign Wealth
Liquidity risk and sovereign risk premia
A working paper from the Bank of Canada uses arbitrage-pricing theory to study the relationship between liquidity risk and sovereign bond risk premia in the London Stock Exchange in the late 19th century.
Norwegian oil fund hit hard by crunch
The crisis in global financial markets has led Norway's Government Pension Fund to record its largest ever quarterly loss in the three months to September.
Crisis triggered US review of SWF stance
American attitudes to sovereign investments have softened in the wake of the credit crunch and funds should not fear a regulatory backlash once normal conditions are restored, the chairman of the US Congressional Task Force on Sovereign Wealth Funds has…
Santiago SWF principles a reminder of bygone age
Charles Proctor, a partner at Bird & Bird, a law firm, assesses the International Working Group of Sovereign Wealth Funds' newly-published Santiago Principles.
Qatar takes stake in Credit Suisse
The Qatar Investment Authority, a sovereign wealth fund, has bought a stake in Credit Suisse, Switzerland's second-largest bank.
China fund involved in Lehman bid - report
China Investment Corporation (CIC), Beijing's sovereign wealth fund, is said to be involved in a possible bid for Lehman Brothers, a beleaguered US bank.
Congress to hold hearing to "stay on top" of SWFs
A US Congressman has called a hearing to examine the impact of sovereign wealth funds' purchases of stakes in some of Wall Street's finest.
SWF code a "valuable solution": IMF's Lipksy
John Lipsky, the first deputy managing director of the International Monetary Fund, has said that a voluntary code of conduct for sovereign wealth funds, provisionally agreed Tuesday, would help capital flow efficiently and promote global financial…
People's Bank buys $246m stake in UK insurer
The People's Bank of China has bought up to £134m-worth ($246m) of shares in the UK's second-largest insurer.
Germany to curb SWF investment with takeover rules
Berlin is to block big investment in strategic industries by companies from outside the European Union, in a move widely interpreted as an attempt to limit sovereign wealth fund investment.
US should follow IMF's lead on SWFs
US lawmakers heading a working group on sovereign wealth funds have deemed the International Monetary Fund, not the US Congress, the appropriate forum for addressing funds' transparency and accountability.
HKMA Exchange Fund posts HK$35 billion H1 loss
The Hong Kong Monetary Authority's (HKMA) Exchange Fund recorded a loss of HK$35 billion ($4.49 billion) in the first half of the year as its equity portfolio took a substantial hit.
SWF report from State Street
The latest report from State Street Corporation, a provider of financial services to institutional investors, assesses the impact of sovereign wealth funds (SWFs) on the global economy. Currently State Street estimates that SWFs have about $3 trillion in…
Motivation should temper SWF fears
Examining the principal motivation for sovereign wealth funds should allay concerns such as fear of industrial espionage or geopolitical threats, states research by Deutsche Bank.
SWFs scaling back dollar holdings, says FT
Sovereign wealth funds are reducing their dollar holdings, the Financial Times has reported.
Norwegian SWF mulls emerging-market portfolio
Norway's Government Pension Fund - Global is looking to invest in emerging-market stocks, say media reports.
SWFs involved in Barclays's £4.5 billion share off
Two sovereign wealth funds will invest a combined amount of almost £2 billion (£3.93 billion) in Barclays, the bank said on Wednesday.
Russia seeks greater gains for SWF
Senior Russian politicians have backed plans to create a government agency to enable its sovereign wealth fund to pursue a riskier investment strategy, according to media reports.
Korean SWF could buy Lehman stake
Korea's sovereign wealth fund is one of a number of the country's official institutions that could inject funds into Lehman Brothers, an investment bank, it was revealed on Thursday.
Brazil may fast-track SWF law
Brazil's finance minister on Monday said that the country will set up a sovereign wealth fund in spite of recent reports that the country's president may reject the plans.
Chinese fund to invest $7.4bn in private equity
A Chinese sovereign fund could invest as much as $7.4 billion in the private equity industry.
Norwegian SWF in the red for Q1
Norway's Government Pension Fund - Global recorded a loss of 5.6% for the three months to March on the back of the slump in global equity markets.
UK bank blacklists SWFs on ethical grounds
Most of their peers are stepping up their efforts to court sovereign wealth fund revenue, but the UK-based Co-operative Bank is shunning several because of human rights abuses by their controlling governments.
India's Chidambaram dismisses SWF plans
Palaniappan Chidambaram, India's finance minister, has said that Delhi has no plans to establish a sovereign wealth fund at the moment.