Policy
tibbles

SWFI First Read, June 23, 2017

QHG Oil Ventures Representatives Nominated to Rosneft Board On June 22, 2017, Rosneft held its annual shareholder meeting in Sochi. Two new board members were nominated to represent the interests of QHG Oil Ventures, the holding company owned by Glencore and the Qatar Investment Authority (QIA). One is Ivan Glasenberg Chief Executive Officer of Glencore […]


qatar

Qatar Airways Had Eyed a Stake in American Airlines

Qatar Airways, the ambitious Gulf airlines company, had approached American Airlines regarding an investment. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


KIC Plans to Open Singapore Office

The Korea Investment Corporation (KIC) plans to open a Singapore office. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


EASY MONEY: Mainland China to Get Added to MSCI Emerging Market Index

With more investors embracing passive investing, the power of index inclusion is becoming more important for countries as they seek to grow their global financial centers. After three unsuccessful annual attempts, China has finally been included to have its A shares be used in the MSCI Emerging Market index. [ Content protected for Sovereign Wealth […]


National Development Fund of Iran Could be Allocating Money to Rural Areas

The National Development Fund of Iran (NDFI) may have some of its money funneled into rural and nomadic parts of Iran. Iran’s parliament approved a bill to allocate US$ 1.5 billion in loans for job creation in rural areas in Iran.


ADIA Reshuffles Board

The Abu Dhabi Investment Authority (ADIA) experienced a shift in its board of directors. Two board members, Sheikh Sultan bin Zayed and Hamad Al Hurr Al Suwaidi, have exited their roles as wealth fund board members. In addition, Sheikh Khalifa bin Zayed bin Sultan Al Nahyan’s decree named Sheikh Mohammed bin Zayed, Crown Prince of […]


SWFI First Read, June 20, 2017

Landmark Merger Approved by Shareholders of Standard Life and Aberdeen Asset Management The merger between Standard Life and Aberdeen Asset Management is going through as shareholders overwhelmingly approved the deal. More than 98% of Standard Life shareholders and more than 95% of Aberdeen shareholders approved of the merger. The new company will be called Standard […]


qatar

Qatar Wealth Fund Supports Local Banks with Increased Deposits

With gas-rich Qatar under a blockade from its neighbors and facing financial exclusion from countries such as Saudi Arabia, United Arab Emirates and Bahrain, the country has directed its massive sovereign fund to shore up domestic liquidity. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


A Brief Look into How ADIA Runs Active Internal Equities

Global equity money managers are keen to win mandates from the Abu Dhabi Investment Authority (ADIA). What many may not know is that ADIA manages a sizable portion of its public equity portfolio internally using a combination of passive, active and smart beta strategies. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


doha sovereign wealth fund

GCC EMBARGO: How Will Qatar’s Sovereign Wealth Assets be Impacted?

In a coordinated maneuver, Saudi Arabia, the United Arab Emirates (UAE), Bahrain, Yemen, the Maldives and the eastern government of Libya have ceased diplomatic and other links with Qatar. Within a short-time frame, these countries have accused Qatar of supporting terrorism in the region. Qatar has supported groups such as the Muslim Brotherhood in the […]


SWFI First Read, June 6, 2017

Turks and Caicos National Wealth Fund Bill Passes in House The Turks and Caicos National Wealth Fund Bill on May 31, 2017, had passed in the country’s House of Assembly. This wealth fund would be a non-commodity-based sovereign wealth fund. UBS Buys Majority Stake in Large Brazilian Multi-Family Office [ Content protected for Sovereign Wealth […]


SWFI First Read, June 4, 2017

Turkey Wealth Fund Forms Four Sub-Funds The Turkey Wealth Fund is forming four sub-funds. They are the financial stability fund, license fund, mining fund and a fund in the small-and-medium enterprises (SME) area. Michelle Neal Named to BNY Mellon’s Executive Committee BNY Mellon named Michelle Neal to the firm’s executive committee. Michelle Neal is the […]


Yngve Slyngstad

NORWAY SWF: Climate Change Disclosures Could Seep into Bank Lending Practices

After a majority of shareholders at ExxonMobil voted in favor of climate change disclosure, will there be more disclosure requirements for Europe’s largest banks in the next few years? [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Appoints SIA Engineering Chair to its Board

On May 29, 2017, Singapore’s Temasek Holdings announced Stephen Lee Ching Yen will join its board of directors effective July 1, 2017. Lee is currently Chairman of SIA Engineering Company Ltd. He is also Chairman of NTUC Income Insurance Cooperative Limited. He was, until recently, Chairman of Singapore Airlines Ltd where he had led its […]


Vanguard Plants Flag in Shanghai

While Canadian investment managers such as Manulife Asset Management prefer distribution partnerships when entering China, other fund managers are making moves to go at it alone. Manulife Asset Management and China Life just inked an investment partnership. Index giant Vanguard Group is the biggest mutual fund company in the world and has opened a subsidiary […]


Australia’s Future Fund Has Benchmark Return Modified

In a document titled, Future Fund Investment Mandate Direction 2017, the Australian government’s mandate for its Future Fund has changed. The benchmark return was modified to an average over the long-term consumer price index (CPI) to +4% per annum to 5% per annum. This means the sovereign fund’s target mandate was lowered; the Future Fund […]


SWFI First Read, May 25, 2017

UBS Wins Big Global Smart Beta Mandate from a U.S. State Pension The Iowa Public Employees’ Retirement System awarded a global smart beta equity manager mandate to UBS Asset Management. The contract is pending final negotiations. The allocation is 3% of the total pension’s portfolio, which has around US$ 28.5 billion in assets. Khazanah Nasional […]


Northern Trust Anchors Key Office in Abu Dhabi

Custodial giant Northern Trust has expanded operations in the United Arab Emirates by opening a branch office in Abu Dhabi Global Market (ADGM), a designated financial center in Abu Dhabi. In 2008, Northern Trust had opened a representative office in Abu Dhabi. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe […]


PIF Managing Director Nominated to SoftBank Board

Yasir O. Al-Rumayyan heads Saudi Arabia’s Public Investment Fund (PIF), which is a major backer of the SoftBank Vision Fund. Al-Rumayyan was nominated to the board of Japan-based SoftBank Group, along with Mark Schwartz, a Senior Director at Goldman Sachs. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


KIA Speaks Up on FY 2016 Returns

The Kuwait Investment Authority (KIA) announced that recent press saying the fund lost US$ 6 billion for 2016 was untrue. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]