SustainabilityHQ SWF News and Information Dashboard

Listed below are the 50 most recent news articles about SWFs, continuously gathered from around the globe by the Institute.  The flow of news involved SWFs in general as well as the activities of specific SWFs and their investments. Archives are available in this content silo (which are permanently maintained).

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Sovereign Wealth Fund News
NZ Super, Ontario Teachers buy Asia Pacific Healthcare Group from Brookfield   
August 04, 2020
Source: IPE - The New Zealand Superannuation Fund and the Ontario Teachers’ Pension Plan Board have acquired Asia Pacific Healthcare Group (APHG), the largest chain of pathology clinics in New Zealand, from Brookfield Business Partners...
[more] 
Bank for International Settlements Innovation Hub Partners with Hong Kong Monetary Authority on Trade Finance TechChallenge   
August 04, 2020
Source: Crowdfund Insider - Centre in Hong Kong and the Hong Kong Monetary Authority (HKMA) have partnered on a trade finance project to highlight the opportunity to improve the sector of finance with technology. The 'TechChalle
[more] 
Présentation du Botswana   
August 04, 2020
Source: diplomatie.gouv.fr - Le Botswana a coordonné, au sein de la Communauté de développement ... illustrée par la création en 1994 d’un fonds souverain, le Pula Fund. L’économie du pays est largement...
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Malaysia open to settling 1MDB case against Abu Dhabi state fund   
August 04, 2020
Source: The Straits Times - The country is willing to consider a settlement if International Petroleum Investment Company (IPIC) makes an offer that's in line with Malaysia's intent to retrieve assets and ensure justice is carried out, Attorney-General...
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It's a 'sham': Ex-1MDB CEO tells court of a deal to deceive board of directors   
August 04, 2020
Source: The Star - Former prime minister Datuk Seri Najib Razak returned to the courtroom on Monday (Aug 3) for his 1Malaysia Development Bhd (1MBD) trial involving RM2.28bil, just after his conviction over corruption charges in the SRC...
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Govt hasn’t stopped IPIC court case in London, Idris says   
August 04, 2020
Source: The Malaysian Insight - GENERAL Idris Harun today denied that the government has stopped court proceedings in London against International Petroleum Investment Company to recover losses suffered by 1Malaysia Development Bhd.
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Continuous Disclosure: Super Fund's bid for Healthscope NZ, Me Today's missing decimal   
August 04, 2020
Source: The New Zealand Herald - The Superannuation Fund is said to be in the running for the -arm of Healthscope - the pathology business which owns Labtests. It is understood the NZ Super fund is now the preferred bidder for the business which is owned by...
[more] 
Witness: I got blanket approval from Najib to acquire firm   
August 04, 2020
Source: The Star - Former prime minister Datuk Seri Najib Razak returns to the courtroom for his 1Malaysia Development Bhd (1MBD) trial involving RM2.28bil just days after his conviction over corr­uption charges in the SRC International Sdn Bhd...
[more] 
Court proceedings against IPIC not halted, says AG   
August 04, 2020
Source: Free Malaysia Today on MSN.com - This comes in the wake of a report by The Sarawak Report that Putrajaya has put legal action against IPIC over a US$5.87 billion (RM24.8 billion) settlement dispute on hold in favour of a negotiated deal.
[more] 
Walker Tower condo board fights “low-ball” sale of 1MDB-linked penthouse   
August 04, 2020
Source: The Real Deal - A federal judge ruled last week that the Walker Tower condo board no longer has a right of refusal on an 1MDB-linked penthouse. The board is appealing the decision.
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GIC, Temasek buy shares in India's Bandhan Bank amid holder's $1.94 billion stock sale   
August 04, 2020
Source: The Straits Times - BlackRock and Singapore's sovereign wealth fund GIC bought shares in Bandhan Bank as the main shareholder of India's most profitable bank sold 106 billion rupees (S$1.94 billion) of its stake to meet the regulator's ownership...
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Najib's lead counsel says 1MDB top management a 'bunch of idiots' during cross-examination of former CEO   
August 04, 2020
Source: The Star - Shahrol had admitted that the management was “duped” to disburse monies to Aabar Investments PJS Ltd (Aabar BVI), which was revealed to be the fake Aabar and not the same as Aabar Investment PJS, which is the actual...
[more] 
Blackbird's $500m fund hopes for another hundred-bagger   
August 04, 2020
Source: The Australian Financial Review - The Sydney-based venture firm raised the record-breaking fund while revealing a 9,200 per cent return on a single investment from its first.
[more] 
Najib's defence: 1MDB must be run by a bunch of idiots   
August 04, 2020
Source: Malaysiakini - Lead defence counsel Muhammad Shafee Abdullah was cross-examining former 1MDB chief executive officer Shahrol Azral Ibrahim Halmi (above) about 1MDB's failure to detect that the British Virgin Islands-registered Aabar Investments...
[more] 
GIC bets more on Bandhan Bank as Temasek joins in   
August 04, 2020
Source: VCCircle - Singapore sovereign wealth fund GIC Pte Ltd has increased its stake in Bandhan Bank while its sister concern Temasek Holdings has also picked up a stake in the private-sector lender. Chandrashekhar Ghosh-led Bandhan Bank said in...
[more] 
Chinese currency gains value while the US dollar tumbles   
August 04, 2020
Source: Global Times - according to the State Administration of Foreign Exchange. In contrast, the use of the US dollar in both cases fell more than 10 percentage points in the last two years. While the dollar has weakened, the renminbi has not been...
[more] 
IHH Healthcare’s largest shareholder Mitsui & Co says it will continue to execute Fortis turnaround plan   
August 04, 2020
Source: moneycontrol.com - IHH Healthcare acquired a 31% stake in Fortis Healthcare in August 2018, paying $1.1 billion. However, it has not succeeded in making a mandatory open offer to acquire a 26% stake due to a Supreme Cou
[more] 
Najib not warned when inking deal with 'fake' Aabar, court told   
August 04, 2020
Source: Malaysiakini - Former prime minister Najib Abdul Razak was not alerted to any suspicion when he inked a shareholders' resolution on 1MDB's joint-venture with British Virgin Islands-based Aabar Investments PJS Ltd (Aabar BVI), the Kuala Lumpur...
[more] 
Walkability of Tasmanian towns to be examined in new Menzies Institute for Medical Research study   
August 04, 2020
Source: The Examiner - Conducted by the University of Tasmania's Menzies Institute for Medical Research, the study has been made possible by a $571,000 grant from the Medical Research Future Fund's Preventative and Public Health Research Initiative....
[more] 
HK sees capital inflows worth $14B since April   
August 04, 2020
Source: China Internet Information Center - More than 109 billion Hong Kong dollars (about 14 billion U.S. dollars) have flowed into Hong Kong's monetary system since April, the Hong Kong Monetary Authority (HKMA) said Thursday, stressing ...
[more] 
Press review: Russia scrapping tax deal with Cyprus and US expanding presence in Poland   
August 04, 2020
Source: TASS - The document also makes no mention of the use of money from the National Wealth Fund, which was expected to become a significant part of the project’s overall funding. One of Kommersant's ...
[more] 
Supersonic skies looking crowded with entry from Virgin Galactic   
August 04, 2020
Source: Flightglobal - The crowded field of aspirants to reintroduce commercial supersonic flight has got another contender with a surprise revelation from Virgin Galactic of a proposed Rolls-Royce-powered Mach 3 delta wing jet - bearing a striking...
[more] 
Tout sur Libyan Investment Authority   
August 04, 2020
Source: le Vif - La deuxième banque française, Société Générale, a annoncé lundi avoir trouvé des accords de principe avec les autorités judiciaires américaines et...
[more] 
Hanwha Corp. scaling down for smooth succession   
August 04, 2020
Source: koreatimes.co.kr - The company's cluster munitions business has been criticized by activists across the world as inhumane. In 2007, the Norwegian Government Pension Fund dropped Hanwha from its list of investing companies due to this. Since...
[more] 
Blackbird raises $500m fund, taps Cannon-Brookes to drive expansion   
August 04, 2020
Source: Sydney Morning Herald - Australian venture capital firm Blackbird Ventures has raised a $500 million fund and brought on Atlassian co-founder Mike Cannon-Brookes as chairman.
[more] 
Blackbird has $500 million to invest in the “most ambitious and the most courageous” Aussie startup founders   
August 04, 2020
Source: SmartCompany - Founded in 2012 by Niki Scevak and Rick Baker, Blackbird is one of Australia’s most successful and most revered investment firms. The fourth funding round is led by local institutional investors including the Future Fund, ...
[more] 
ESG Investor Gets Funds With $4.6 Trillion to Back Brazil Plan   
August 03, 2020
Source: Bloomberg - Norway’s biggest private investor, Storebrand Asset Management ASA, says its pressure campaign on Brazil to protect the Amazon forest is having a “real impact.”
[more] 
IFM Investors readies $600m for second wave of equity raisings   
August 03, 2020
Source: The Australian Financial Review - Superannuation fund-owned money manager signs-off on a further $600 million for ASX200 capital raisings, after ploughing $400 million into the stock exchange this year.
[more] 
Local universities help foster financial technology development   
August 03, 2020
Source: EJ Insight - According to Hong Kong Monetary Authority’s study titled Reshaping Banking with Artificial Intelligence released at the end of last year, many banks in Hong Kong have adopted or plan to adopt
[more] 
BIS Innovation Hub and HKMA invite applications for global trade tech challenge   
August 03, 2020
Source: Finextra - The Bank for International Settlements Innovation Hub (BISIH) centre in Hong Kong SAR and the Hong Kong Monetary Authority (HKMA) today launched the TechChallenge - Digitising Trade Finance initiative to highlight the potential...
[more] 
PN govt asked to explain if it dropped RM24.8b IPIC-1MDB dispute in UK   
August 03, 2020
Source: YAHOO! - Tony Pua says Harapan govt was making good progress in the case and is shocked on the plans to halt proceedings.
[more] 
Coronavirus: PM announces disaster payment as massive shutdown of Melbourne begins   
August 03, 2020
Source: Adelaide Now - Prime Minister Scott Morrison has announced that the federal government will be establishing a “disaster payment” of $1500 per fortnight for those who don’t have sick leave.
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Ex-1MDB CEO claims PMO involved in negotiating IPIC guarantee deal   
August 03, 2020
Source: YAHOO! - Testifying in former prime minister Najib Abdul Razak's RM2.28 billion 1MDB graft trial, he said IPIC was to guarantee an RM1.75 billion bond which 1MDB raised in part to purchase power assets belonging to Genting Bhd's energy...
[more] 
Keppel shares fall on uncertainty over Temasek offer   
August 03, 2020
Source: The Straits Times - Shares of Keppel Corp sank over 4 per cent on Monday morning (Aug 3), amid a broad market decline on the Singapore bourse.. Read more at straitstimes.com.
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Thailand prime minister's economic adviser is the new central bank chief, report says   
August 03, 2020
Source: Asia Asset Management - Thailand’s Prime Minister Prayut Chan-o-cha says his economic adviser Sethaput Suthiwart-Narueput has been appointed as the next governor of the country’s central bank, according to a report in local English language...
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Malaysia's Najib convicted on all charges in first 1MDB graft case   
August 02, 2020
Source: Nasdaq - Former Malaysian prime minister Najib Razak was found guilty on Tuesday on all seven corruption charges in his first trial linked to a multi-billion dollar scandal at state fund 1Malaysia ...
[more] 
Newcastle takeover: Saudi Arabian led consortium cancels deal   
August 02, 2020
Source: NBC Sports on MSN.com - The saga took another dramatic twist, as the Saudi Arabian led consortium which wanted to buy the Premier League club has backed out.
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LIVE | Judge grants Najib stay, bail increased by RM1m   
August 02, 2020
Source: Malaysiakini - the RM6.6 billion IPIC (International Petroleum Investment Company) CBT case, and the RM27 million SRC International money laundering case. Seven charges Today’s verdict is in relation to one ...
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NOVA reconfigures N.A. EPS capacity   
August 02, 2020
Source: Plastics Today - NOVA, which was acquired in February by Abu Dhabi’s International Petroleum Investment Company (IPIC), produces polyolefins and styrenics, including polystyrene (PS), EPS, and styrene maleic anhydride (SMA). The Monaca site...
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South Korea’s June factory output jumps at fastest pace since 2009   
August 02, 2020
Source: Metro US - South Korea is the latest Asian country to enter recession, joining Japan, Thailand and Singapore, after its economy marked its worst decline since the Asian Financial Crisis in the second quarter.
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Hermès International: 2020 Half year Results   
August 02, 2020
Source: YAHOO! - Several countries in the region experienced a second wave of store closures, including Singapore until mid-June, Australia and Thailand. A new flagship store opened in Sydney in June, and the ...
[more] 
Dollar peg is critical to Hong Kong amid US threats, China worries   
August 02, 2020
Source: The Star - The Hong Kong Monetary Authority (HKMA) buys and sells the currency at either limit to maintain the range. Buying HKD boosts it by reducing its availability and raises the costs of betting against ...
[more] 
The Najib trials   
August 02, 2020
Source: The Straits Times - Najib was found guilty of three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power over RM42 million linked to SRC International, a former 1MDB subsidiary.
[more] 
Japan's government pension fund keeping eye on global macro-economic policy amid outbreak, president says   
August 02, 2020
Source: Nasdaq - Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, has been closely watching global macro-economic policies since the coronavirus outbreak as these measures may ...
[more] 
Saudi Public Investment Fund turn attention to AC Milan after pulling out of Newcastle takeover   
August 02, 2020
Source: The Sun - THE Saudi Public Investment Fund have reportedly turned their attention to AC Milan after pulling out of the Newcastle takeover. The proposed £300million Toon takeover collapsed on Thursday after
[more] 
Coca-Cola European Partners PLC (NYSE:CCEP) Shares Sold by PGGM Investments   
August 02, 2020
Source: modernreaders.com - Cola European Partners PLC (NYSE:CCEP) by 85.8% during the second quarter, Holdings Channel.com reports. The firm owned 76,189 shares of the company’s stock after selling 461,038 shares during the period.
[more] 
Samruk-Kazyna will pay out dividend to government within two weeks   
August 02, 2020
Source: interfax.kz - News and other data on this web site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar...
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Exclusive: TikTok's Chinese owner offers to forego stake to clinch U.S. deal - sources   
August 02, 2020
Source: YAHOO! - China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app,
[more] 
China clung to US dollars in 2015 as its stock market crashed and capital flowed out, SAFE figures show   
August 02, 2020
Source: South China Morning Post - Despite the financial carnage, the US dollar accounted for 58 per cent of China’s forex reserves throughout the year, agency says in its annual report.
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Samruk-Kazyna expects 2020's net profit above target, but still 65.5% down from 2019   
August 02, 2020
Source: interfax.kz - News and other data on this web site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar...
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