Sovereign Wealth
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.
Sovereign wealth fund round-up
The creation of a much-mooted code of conduct for sovereign wealth funds edged closer this week after the European Commission submitted its ideas to the region's finance ministers for review in mid-March.
SWFs to cover bank shortfall for private equity?
Not content with buying up sizable stakes in the big investment banks, sovereign wealth funds could now take their business as well.
Qatar SWF to invest up to $15 billion in banks
The Qatar Investment Authority will spend between $10 billion and $15 billion buying up stakes in banks, the head of the sovereign wealth fund has revealed.
SWF round-up
The march of sovereign wealth funds on Western financial institutions continued this week with the announcement the Qatar Investment Authority (QIA) will buy a stake in Credit Suisse, a Swiss bank.
Singapore minister slams SWF "backlash"
Goh Chok Tong, a senior Singapore minister and chairman of the country's central bank, said that arguments against sovereign wealth funds (SWFs) are driven a by "nationalistic backlash".