An in-depth look at the state-owned sovereign wealth funds that are now dominating the attention of the world's financial markets. As investors digest news of of Adia's $7.5 billion investment in Citigroup, read Euromoney's unrivalled guide to the different strategies and investment styles of these hugely important funds – and learn how investment banks are trying to maximise their business with them.
The new rulers of finance Euromoney December 2007 By Sudip Roy 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?
Getting the basics right It is one thing to want a sovereign wealth fund but to actually set one up is a long and challenging process.
Fight on for Aussies future prizes The Future Fund, created last year to cover long-term pension liabilities for the Australian federal public sector, is very much in its infancy but is finally managing money.
Temasek: A fund apart? In a world of increasingly powerful and mistrusted sovereign wealth funds, Temasek, the investment arm of the Singapore state, stands apart in terms of governance, openness and performance, claims Simon Israel, its executive director.
Citis lesson from history The US bank recovered from a similar crisis in the early 1990s. But this time around it lacks strong leadership.
Abu Dhabi Investment Authority is one of the worlds 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.
DIC looks to spread its investment wings Euromoney April 2007 Simon Brady speaks to Sameer Al Ansari (SA), executive chairman, Dubai International Capital, and Rabih Khoury (RK), DICs head of Middle East and North Africa Investments about the strategies of the international investment arm of conglomerate Dubai Holding and how it fits in the Dubai Investment Group.