Sovereign Wealth Fund

Uncategorised posts

Kazakhstan SWF invites global equity managers aboard

The $23 billion National Oil Fund of Kazakhstan, an economic stabilisation fund built from surplus oil revenues, is seeking external active and passive global equity managers as it pumps money into the domestic economy in an attempt to offset the impacts of the financial crisis.

SIMON MUMMEJune 10, 2009

Uncategorised posts

SWFs struck at financial crisis epicentre: $50b in losses from financials

For their biggest public market investments in the last two years, sovereign wealth funds (SWFs) zeroed-in on the most dogged companies in the worst-performing sector: Western financials. These decisions incurred paper losses of $US56.3 billion, accounting for most of their public market losses for the period.

SIMON MUMMEJune 3, 2009

Uncategorised posts

French SWF picks Mubadala for first co-investment pact

The French economy will be the target of future co-investments by the nation’s $US28 billion sovereign wealth fund, the Fonds Strategique d’ Investissement (FSI), and the $US10 billion Mubadala Development of Abu Dhabi, after the two investors forged a strategic partnership this week.

SIMON MUMMEMay 26, 2009

Investor Profile

CIC creates new investment teams, scouts opportunities offshore

As global markets nosedived and its initial investments soured, the China Investment Corporation (CIC) took the opportunity to reorganise its investment operations and focus on less risky investments at home and in Asia. Simon Mumme reports.

SIMON MUMMEMay 13, 2009

Uncategorised posts

World Bank’s new asset management division targets SWF co-investment

The World Bank has set up a new asset management division, IFC Asset Management Company, and a new private equity fund, specifically designed to facilitate co-investment by sovereign wealth funds in developing countries.

Amanda WhiteMay 8, 2009

Uncategorised posts

Governance review to facilitate speedy decisions at SWFs

Sovereign wealth funds are prioritising a review of their internal risk management frameworks and better communication with their stakeholders regarding expectations of financial markets, according to Patricia Pascuzzo, global head of national funds consulting at Mercer.

Amanda WhiteMay 5, 2009

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