How Norges Bank is modelling climate change
As a long, hot summer draws to a close (hopefully), Ginni Goldin, senior climate risk analyst at Norges Bank Investment Management, which runs the $2.2tn Norwegian pension fund, tells AOX how the manager has been building a model that can quantify how the companies in the portfolio will be affected by climate change
Temasek questions its own emissions target but renews its commitment
Dilhan Pillay, Temasek’s chief executive, said external headwinds had made decarbonisation pathways “slower and more disorderly” which contributed to the sovereign wealth fund missing its target to achieve net zero portfolio emissions by 2050
Native American tribal funds institutionalise as SEC allows investor accreditation
In 2020 the Securities & Exchange Commission allowed tribal funds to register as accredited investors, while that year's Covid pandemic exposed the risks of Indian nations relying on gaming revenues - just two of the factors which have spurred these asset owners to become increasingly institutional.
How good are sovereign wealth funds at finding unicorns?
Many of the biggest companies making news recently are backed by a sovereign wealth fund. This might give the impression these asset owners have a good track record of picking winners. Is that the case?
What does the PIF’s withdrawal from LIV Golf say about its investment strategy?
Saudi Arabia’s $925bn Public Investment Fund has spent $5bn over five years on LIV Golf but now is pulling back. What does that say about the sovereign wealth fund’s investment strategy?
Gulf sovereign wealth funds show no signs of retreat since Iran conflict
The takeover of Warner Bros Discovery by Paramount, which is backed by the Saudi Public Investment Fund, the Qatar Investment Authority and Abu Dhabi’s newest fund L’Imad, is a sign that Gulf sovereign wealth funds are not retreating
How New Mexico doubled the size of its sovereign wealth fund in five years
The state has benefitted from oil and gas production but New Mexico's fund - which is now the second-largest in the US - has also pivoted to the sectors which it hopes will drive its economy once fossil fuels dry up, and its growth changing the way the fund is run.
Countries scramble to reap benefits of sovereign wealth funds
In the past decade or so there has been a boom in the launch of these funds, but what is driving that boom?
Scrap the LGPS for a SWF?
Last month, Reform UK’s deputy leader Richard Tice announced that a Reform government could transform the UK Local Government Pension Scheme into a £500bn sovereign wealth fund, while scrapping defined benefit pensions for incoming civil servants. But could the LGPS actually be converted into a sovereign wealth fund?
US tax proposals introduce uncertainty for sovereign wealth funds
A proposed change to US tax regulations which could shake billions of dollars in investment assets held by sovereign wealth funds
New Abu Dhabi wealth fund signals 'supercharged' approach
The universe of Abu Dhabi sovereign wealth funds is being shaken up by a new player, L’imad, which analysts say signals “the start of a supercharged private equity-style sovereign wealth fund that will proceed with a global reach”
Ireland's sovereign wealth fund powers tech boom
Ireland is eager to take advantage of its new-found economic solvency and is using its £20bn sovereign wealth fund to actively invest in its tech sector
Azerbaijan’s state oil fund has a 38% exposure to gold. Could that pose a problem?
The $73bn State Oil Fund of the Republic of Azerbaijan, or Sofaz, has increased its exposure to gold from 12 per cent in 2023 to 38 per cent now. That has been a boon with the price of gold rocketing, but could that pose a problem?
Caribbean island to set up sovereign wealth fund with proceeds of AI boom
The Caribbean island of Anguilla has made millions by selling its .ai domain to artificial intelligence companies. Now it is putting that money to good use.
Norwegian pension fund begins real-estate shake-up
By the Norwegian Government Pension Fund’s own admission, its peers have adapted to changes in the real estate investment market much better than it has. So now it is shaking things up