Sovereign wealth funds have been diversifying their holdings away from core global bond markets amid an environment of deteriorating credit conditions and low interest rates. Follow the latest on Sovereign wealth funds from Euromoney:
AUM at global sovereign wealth funds top $5 trillion
Real estate likely beneficiary of growing investor firepower
Sovereign wealth funds: In the shadows of the shadows
Libyan Investment Authority: The KPMG reports
The battle for the Libyan Investment Authority
Angola's rulers mull their options
Angola fund launch leaves questions unanswered
GCC economies: A compelling opportunity for asset managers
"At $51, you’re putting another dollar into the sovereign wealth fund for every barrel of oil," says Daniel Smaller, managing director for sales and distribution at Algebra Capita, an independent fund manager in Dubai. "So at $110..."
Euromoney August 2008
Opportunities in the Gulf: Distribution holds the key
For most foreign asset managers, the sovereign wealth funds are the main prize.
Euromoney August 2008
Sovereign wealth funds: Qatar invests in Indonesia
Qatar’s sovereign wealth fund is to invest $850 million in Indonesia and has set up a joint venture with the local government to do so.
DIC looks to spread its investment wings
Abu Dhabi Investment Authority is one of the world’s biggest institutional investors. It is also one of the most guarded. It publishes no numbers. It seldom makes any public statements. In a rare interview, two of its most senior officials lift the lid on the organization, revealing the reasons for its success. Sudip Roy reports from Abu Dhabi.
EEMEA market round up: Mubadala partners with GE
Equity capital markets: Sovereign wealth funds go Latin
Euromoney July 2008
Latin America round-up: Brazil to manage $20 billion
Sovereign wealth funds: Copper lifts Chile’s reserve
China Investment Corporation (CIC): Too early to fear China’s sovereign wealth fund
Managers are still learning the ropes.
Korea Investment Corp: Korea joins the sovereign wealth fund adventurers
Korea Investment Corp has broken new ground for the country by investing $2 billion in Merrill Lynch.
UBS bailout will make The Government of Singapore Investment Corporation (GIC) biggest shareholder
Pays SFr10 billion for a 9% stake in the Swiss bank.
"If the shoe was on the other foot, if these were sovereign wealth investors in France, Germany, the UK or the US earning fabulous returns, reducing national deficits, funding social security costs and investing into the rest of the world, would they think it was an issue? I suspect not"
More on soverign wealth funds:
State-owned, cash-rich and increasingly influential, sovereign wealth funds have emerged as the most controversial players in the financial markets. All the constituents – banks, private equity, corporates, hedge funds – want a slice of their action. Just how powerful will the funds become?