SWFI – Sovereign Wealth Fund Institute

Ghana Extractive Industries Transparency Initiative Says More than $84 Million Missing In 2014, Ghana earned more than US$ 900 million from the oil & gas sector. According to a report which was prepared by the Ghana Extractive Industries Transparency Initiative, an amount of US$ 84,382,088 could not be accounted for as government could not verify […]

Could Norway’s cash-rich sovereign wealth fund be supplanted by Saudi Arabia in 2018? Prolonged low oil prices have accelerated the push for Saudi Arabia to try a new strategy. Despite historic attempts to diversify the Kingdom’s economy, the country remains highly dependent on oil revenues – they are at an inflection point. Bloomberg’s John Micklethwait […]

GIC and Brigade Group JV Acquire Kansai Nerolac Land Bengaluru-based property developer Brigade Group and Singapore’s GIC Private Limited, through their joint venture vehicle Perungudi Real Estates, are purchasing a 16-acre asset in Chennai’s Perungudi area from Kansai Nerolac Paints for Rs 537.86 crore. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]

Russell Read is moving up to Juneau, Alaska. The former chief investment officer of the California Public Employees’ Retirement System (CalPERS) is taking the CIO job at the Alaska Permanent Fund Corporation (APFC). He was CIO at CalPERS from 2006 to 2008. After CalPERS, Read was CIO and deputy chief executive at Kuwait-based Gulf Investment […]

On March 9th, Samruk Kazyna got involved in a US$ 5.5 billion deal to acquire shares in KMG Kashagan B.V. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

The California Public Employees’ Retirement System (CalPERS) is acquiring up to a 25% ownership interest in Desert Sunlight Investment Holdings, LLC, which owns two solar photovoltaic power generation facilities located 60 miles east of Palm Springs, in eastern Riverside County, California. It was once one of the largest solar power plants in the world. CalPERS […]

IEA Believes Global Oil Price May Have Bottomed Out This is positive news for Gulf-based sovereign wealth funds. Paris-based International Energy Agency (IEA) revealed that they believe oil prices may already gone through their lowest point. They see a decrease in oil supply in ex-OPEC countries, while witnessing disruptions within OPEC affecting the global surplus. […]

The Alberta Investment Management Corporation (AIMCo) is keen on expanding its portfolio into renewable investments and opportunities. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Gulf nations may get a pause as oil prices appear to be in the short-term moving up. Goldman Sachs made a bold forecast in February saying that oil could fall below US$ 20 a barrel. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Robbins Geller Rudman & Dowd LLP Secures Class Certification in Securities Class Action Against Covisint Corporation Robbins Geller Rudman & Dowd LLP, a securities law firm, is representing a group of investors in a lawsuit against Detroit-based Covisint Corporation. The suit alleges Covisint, certain of its officers and directors and the underwriters of the initial […]

The Ireland Strategic Investment Fund (ISIF) and Strathclyde Pension Fund are kicking in capital to NTR Wind 1 vehicle, a wind-energy strategy managed by Legal & General Capital, the investment arm of Legal and General Group, and NTR Wind Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]

In a maneuver to limit commodity price exposure, French utility giant ENGIE SA, formerly known as GDF Suez, signed two definitive agreements for the sale of its interests in 10 GW of merchant power generation capacity located in the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]

Øystein Olsen, the governor of Norges Bank (Norway’s central bank), addressed the public revealing the status of Norway’s economy. Like many Nordic countries, Norway is seeing its peers embrace negative interest rates. Norges Bank chopped its borrowing cost in half to a record low of 0.75% in the last fourteen months. [ Content protected for […]

Korea’s NPS Acquires Large Stake in H&M Logistics Center in Germany [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Yes, foreign sovereign wealth funds are investing capital into U.S. infrastructure. However, much of that capital goes toward developed energy infrastructure. For example, Singapore’s GIC Private Limited has been an institutional investor in Duquesne Light Holdings, an electric utility that purchases, transmits, and distributes electric energy to customers in southwestern Pennsylvania. The Asian sovereign investor […]

Bahrain’s Mumtalakat Holdings reported to have allocated US$ 250 million into a Russian fund for direct investments and US$ 255 million for select projects. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Calgary-based Laricina Energy Ltd., a junior oil sands developer, which received capital over the years from wealth funds such as the Korea Investment Corporation (KIC) and pensions, exited court protection from lenders granted last March under Canada’s Companies’ Creditors Arrangement Act. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to […]

Macroeconomists, asset manager CEOs, market pundits and media commentators expressed concern about wealth funds and their current impact on global equity markets. However, the selling by commodity-based funds, specifically in the wealthy GCC region, started in the midst of 2015. Funds such as Mubadala Development Co. and the Qatar Investment Authority (QIA) were looking to […]

Brazil’s state-controlled oil company Petroleo Brasileiro SA (Petrobras) is navigating a tough year, fighting off a sprawling corruption investigation, while battling low oil prices. The oil giant also bears an onerous debt load. The company’s CEO Aldemir Bendine is looking to reduce managers in non-operational units by 30%. The corruption scandal has taken a toll […]

The Organization of the Petroleum Exporting Countries (OPEC) is seeking again for other producers to cut supply. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]