Sovereign wealth fund (SWF)
Crisis will not push SWFs to mull long-term shift: WikiLeak
Leaked diplomatic cable shows sovereign wealth funds rushed to liquid assets in immediate aftermath of crisis, but experts did not expect long-term portfolio shift
Sovereign funds set to enter an active phase: State Street’s Nugée
Sovereign wealth funds ready to tackle postponed investment decisions and portfolio changes having ridden out crisis with a passive management strategy
CIC to open Toronto office, wants more funds: reports
China Investment Corporation selects Toronto as location of first foreign office; CIC senior executive demands more capital from Beijing
South Korea promotes use of SWF to acquire foreign businesses: reports
Korea’s Presidential Council on National Competitiveness head Kang Man-soo says Korea Investment Corporation can help expand mergers and acquisitions abroad
Bank of Korea siphons $3 billion into SWF: reports
Korean central bank to place additional $3 billion in care of sovereign wealth fund, according to reports
Adia appoints new chief financial officer to real estate wing
Jim Hime joins Abu Dhabi’s sovereign wealth fund from real estate investment firm Lionstone Group
Norway’s sovereign wealth fund makes first property investment
Government Pension Fund Global takes stake in British Crown Estate’s Regent Street portfolio as part of new strategy to better hedge against inflation
Norway’s Gjedrem outlines new strategy for sovereign wealth fund
Norges Bank governor Svein Gjedrem says oil fund’s new investment strategy will include third asset class
Norway’s Gjedrem bids to hold on to wealth fund role
Norges Bank governor Svein Gjedrem disagrees with proposal to strip management of sovereign wealth fund from Norges Bank; says central bank best placed to manage Government Pension Fund Global
Adia appoints new chief investment officer for private equity wing
James Kester joins Abu Dhabi’s sovereign wealth fund from Zurich Alternative Asset Management
Øystein Olsen named next Norges Bank chief
Statistics Norway managing director Øystein Olsen will become governor in January, as Svein Gjedrem’s final term draws to a close; move expected, analysts say
Norway’s global sovereign wealth fund tops Nkr3 trillion
Government Pension Fund Global market value reaches Nkr3 trillion milestone following a weakening krone
SF Fed: SWFs trump central banks on foreign investment returns
San Francisco Federal Reserve study shows central banks are more risk averse than sovereign wealth funds, producing lower average returns on investments in foreign assets
EMEs deserve bigger role in reform debate: DIFC, CIC officials
Dubai International Financial Centre's Nasser Saidi and China Investment Corporation's Jin Liqun say emerging markets' prominence set to endure, mandating bigger voice in regulatory reform process
Oxford SWF Project cautions funds on aping other investors
Oxford SWF Project paper argues sovereign wealth funds’ tendency to copy strategy of other institutional investors misguided
Nigeria close to setting up sovereign wealth fund
President Goodluck Jonathan proposes legislation to national assembly that will pave the way for a sovereign wealth fund, say reports
Adia appoints new chief economist
Chief economist Ted Chu joins Abu Dhabi’s sovereign wealth fund from General Motors
Lebanon sets in motion plans to create SWF
Lebanese energy bill paves way for creation of sovereign wealth fund; government aide says proceeds will be managed by the Ministry of Energy and Water
Politics is hampering national wealth management
Poor communication and differing incentives between politicians and national wealth managers are undermining performance, argues Gary Smith.
CIC arm to raise $28 billion through bond issuance: reports
Central Huijin Investment, part of China’s sovereign wealth fund, set to offer bonds to private investors; joins state investment companies in Singapore and the Middle East in tapping bond markets
CIC denies interest in UK football club: reports
Chinese sovereign wealth fund refutes suggestions that it is funding a bid to buy Liverpool Football Club
CIC’s profits soar by 81%
China Investment Corporation records gains of $41.6 billion
Natural gas discovery sparks debate in Lebanon over SWF
Potential discovery of natural gas off the shore of northern Israeli coast sparks debate among Lebanese government officials over whether to create a new sovereign wealth fund
Temasek Holdings’ portfolio hits record high
Singaporean sovereign wealth fund Temasek Holdings says portfolio has hit record of $135 billion; fund chief credits increased exposure to Asian emerging markets