Sovereign Wealth
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.
Group set up to work on SWF code
Sovereign wealth funds and International Monetary Fund officials have set up a working group to design a voluntary code of conduct due out later this year.
Saudi to set up $5.3 billion wealth fund
Saudi Arabia is in the final stages of launching its first sovereign wealth fund.
Lehman creates new role to woo SWFs
Lehman Brothers, an investment bank, has appointed Makram Azar, formerly the head of its media, consumer and retail investment banking businesses in Europe and the Middle East, to the new position of global head of sovereign wealth funds.
Fed would examine SWF bank takeovers
The Federal Reserve would investigate any sovereign wealth fund taking a controlling interest in a US bank, Scott Alvarez, the general counsel at the central bank, said.
Turmoil hampering SWF: Norway's Gjedrem
Heightened uncertainty concerning the financial system and global growth prospects are impacting the Government Pension Fund, Norway's sovereign wealth fund, Svein Gjedrem, the governor of the country's central bank, acknowledged.
SWF to manage India's FX reserves?
Part of India's foreign exchange reserves, owned by the central bank, could be better managed by a sovereign wealth fund, Y.V Reddy, the governor of the Reserve Bank of India, said on Monday.
EU open to sovereign wealth funds
Europe is, and wants to remain, open to sovereign wealth fund investments, said David Wright, a deputy director general, DG internal markets and services, at the European Commission.
ADIA hires ex-banker as communications chief
The Abu Dhabi Investment Authority (ADIA) has hired former Morgan Stanley corporate communications executive Euart Glendinning as its first global head of corporate affairs.
Sovereign wealth funds being "unfairly treated"
Jesse Wang, vice president and chief risk officer of China Investment Corporation (CIC), has said that sovereign wealth funds are not receiving fair treatment in international markets.
Norges's Gjedrem praises SWFs
Debate on sovereign wealth funds (SWFs) should reflect their potential to benefit international financial markets, said Svein Gjedrem, the governor of the Norges Bank.
Panel considers political fallout of SWFs
Expert panel discuss “The politics of sovereign wealth funds” at Central Banking Publications’ first Sovereign Wealth Management conference in London in March 2008
SWF rules unnecessary: OECD chief
Angel Gurria, the secretary general of the OECD, has called on regulators to resist from unduly hampering sovereign investments.
Qatar confirms SWF partnership with Abu Dhabi
A senior official at Qatar's sovereign wealth fund has said that it will make a series of joint investments with one of Abu Dhabi's four state-run investment vehicles.
SWFs a force for stability, says BoE's Gieve
Sovereign wealth fund investment will help temper volatility in equity markets, Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, said.
US should start a SWF: ex-Wyoming treasurer
The US should use its revenue from mineral reserves to start a sovereign wealth fund, said Cynthia Lummis, a former state treasurer for Wyoming, at Central Banking Publications' Sovereign Wealth Management conference.
The EU's approach to SWFs is commendable
The EU Commission's proposal for sovereign wealth fund policies are to be welcomed, says Norbert Walter, the chief economist of Deutsche Bank Group. And it is in the interests of the funds themselves to support this course.
SWF transparency fosters talent: Norway's Kjaer
Sovereign wealth funds should be more open in order to attract the best staff, not to appease regulators, the former head of Norway's Government Pension Fund - the most transparent of the public-sector investors - has said.
SWFs present systemic risk, require rules
A code of conduct for sovereign wealth funds is essential given their systemic importance, senior officials from the US Treasury and the International Monetary Fund said on Thursday 13 March at Central Banking Publications' Sovereign Wealth Management…
Tokyo to set up wealth fund, says report
The Japanese authorities may be hatching plans to start a sovereign wealth fund.