Latest News for: Sovereign wealth


Saudi National Bank strategy unaffected by hit to Credit Suisse investment

Middle East Online 21 Mar 2023
Higher oil prices due to Russia's war on Ukraine fuelled an economic boom in the Gulf region last year, with sovereign wealth funds and banks - flush with cash - hunting for opportunistic deals amid a weakened global outlook ... Saudi National Bank is almost 40% owned by the Public Investment Fund, the kingdom's sovereign wealth fund.

The Biden administration considered probing Elon Musk's Twitter purchase over national security concerns, report says

Business Insider 21 Mar 2023
Joe Biden and Elon Musk ... Saudi Prince Alwaleed bin Talal and Qatar's sovereign wealth fund are among its investors ... Changpeng Zhao, the Binance CEO; Saudi Prince Alwaleed bin Talal; and Qatar's sovereign wealth fund are all investors in Musk's Twitter. The sovereign wealth fund contributed $375 million to Musk's $44 billion takeover, SEC filings show.

South Australian government faces fresh criticism for hosting Saudi-backed LIV Golf tour

The Guardian 21 Mar 2023
The LIV golf tour, which has reportedly received billions from Saudi Arabia’s sovereign wealth fund , will make its Australian debut at the Grange Golf Club in Adelaide ...

Villar urges Senate to pass the Maharlika Investment Fund bill

Manila Bulletin 21 Mar 2023
The Maharlika Investment Fund (MIF) bill, Philippines’ first-ever sovereign wealth fund, is designed to catalyze economic development by mobilizing government financial assets that are otherwise limited in use by current legal frameworks ... .

Appointment of Jonathan Shelley as COO & General Counsel and key technology updates

Vietnam News 21 Mar 2023
Prior to this, Jonathan worked at O'Melveny & Myers LLP for 13 years in Shanghai, London and Hong Kong, advising high profile alternative investment firms, sovereign wealth funds and other institutions ... of private wealth towards private equity continues to grow in the region.

Institutional investors returning to Indian real estate

Khaleejtimes 21 Mar 2023
The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs and sovereign wealth funds ... Commercial real estate is experiencing a bit of a slowdown at this moment ... - Supplied photo ... .

Lamont’s waste-disposal overhaul plan about to get its first test vote

The CT Mirror 21 Mar 2023
Cases of unsold foodstuffs arrive in bulk on pallets at Bright Feeds, a high-tech startup that Gov ... His host at Bright Feeds was Scott Kalb, a one-time equities and hedge fund manager from Greenwich whose interests have shifted from global finance and sovereign wealth funds to responsible asset allocation and, yes, garbage ... Sign me up!. Processing… ... .

OriginClear Spotlights World Water Day in New York

The Joplin Globe 21 Mar 2023
CLEARWATER, Fla.--(BUSINESS WIRE)--Mar 21, 2023--. OriginClear Inc. (OTC Pink ... This press release features multimedia ... to 7.30 p.m ... Over 600,000 accredited investors and 64,500 institutional, private equity, venture capital and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds and lenders ... 3.

Villar pushes passage of Maharlika Investment Fund bill

The Manila Times 20 Mar 2023
"Having our own sovereign wealth fund will grant us access to the world's sovereign wealth fund community, which is abundant in opportunities for co-financing and knowledge transfer," he stressed. The chairman of the Senate Committee on Banks noted that over 50 countries have their own sovereign wealth funds, such as Indonesia, Vietnam, and Kenya.

Norway's Oil Fund Has Roughly 1.49% Stake in Credit Suisse, No AT1 Bond Exposure

Market Watch 20 Mar 2023
Norway's sovereign wealth fund had a 1.49% stake in Credit Suisse Group AG at the end of 2022 and a 3.31% stake in UBS Group AG, holdings that remain "approximately ...

Qatar’s ex-finance minister to face trial over corruption, money laundering charges

Your Middle East 20 Mar 2023
Ali Sherif al-Emadi was minister of finance in Qatar from 2013 until his arrest and sat on the board of the country’s powerful $300 billion sovereign wealth fund, the Qatar Investment Authority. ... .

Ranger Investment Management Awarded U.S. Micro-Cap Growth Equity Mandate From Spanish Wealth Manager Orienta Capital

Victoria Advocate 20 Mar 2023
growth strategies, has been selected by Orienta Capital, a Spanish wealth advisory firm, to manage a micro-cap growth portfolio within its new Acimut North American Managers FI Fund ... small cap growth portfolio for a Scandinavian sovereign wealth fund ... Established in 2002, wealth ...

First Sentier Investors announces strategic partnership with AlbaCore Capital Group

Longview News-Journal 20 Mar 2023
Since inception in 2016, it has grown to US$9.5�billion in assets under management with long-standing relationships with public and private pension funds, sovereign wealth funds, insurance, and endowment and high net worth clients.

Brookfield Global Infrastructure Securities Income Fund Announces Quarterly Distribution

Eagle-Tribune 20 Mar 2023
... separate accounts, registered funds and opportunistic strategies for institutional and individual clients, including financial institutions, public and private pension plans, insurance companies, endowments and foundations, sovereign wealth funds and high net worth investors.

Bitter rivals Credit Suisse and UPS in shotgun wedding after 160 years of fierce competition

The Daily Mail 20 Mar 2023
It built up a huge wealth management business and a UK-based investment banking subsidiary, Credit Suisse International ... Investor confidence was boosted by Qatar’s sovereign wealth fund buying a stake in Credit Suisse ... wealth and asset management strengthen considerably,’ he added.

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Chinese President Xi Jinping gestures while speaking to Russian President Vladimir Putin during their meeting at the Kremlin in Moscow, Russia, Monday, March 20, 2023.
AP / Sergei Karpukhin, Sputnik, Kremlin Pool Photo via AP