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Top related persons:
GIC - 2 Ray Dalio - 1 ABU - 1 Dalio - 1 CNBC's Dan Murphy - 1 Dalio's - 1 That's - 1 Jeffrey Jaensubhakij - 1
Top related locs:
Singapore Saudi Arabia U.S New York Japan New York City Taylor ABU DHABI
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Sovereign Wealth Fund - 4 CNBC - 2 CNN - 2 Saudi - 2 Saudi Public Investment Fund - 2 Forbes - 1 Getty - 1 United - 1

Search resuls for: "Sovereign Wealth Fund Institute"


9 mentions found


☆ Ray Dalio hails the Gulf's 'renaissance states' amid a period of 'greater disorder' globally
  + stars: | 2023-11-28 | by ( Natasha Turak | ) www.cnbc.com   time to read: +4 min
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. We're now talking about a renaissance state here that happens within this greater geopolitical and economic environment," Dalio told CNBC's Dan Murphy on Tuesday. The UAE "is a renaissance state," Dalio said. Amid higher oil prices in recent years, the region's mammoth sovereign wealth funds had ever more to spend. The region's combined 10 largest sovereign wealth funds managed some $4 trillion in early 2023, according to the Sovereign Wealth Fund Institute.
Persons: Ray Dalio, ABU, Dalio, CNBC's Dan Murphy, Dalio's Organizations: Forbes, Getty, United, United Arab Emirates, Bridgewater Associates, United Arab, CNBC, Abu, Abu Dhabi Finance, GCC, Gulf Cooperation, Dalio's Bridgewater Associates, Pensions & Investments, The, Dubai International Financial, Sovereign Wealth Fund, —, Saudi Arabia's Public Investment Fund Locations: New York City, Taylor, ABU DHABI, United Arab, Gulf, United Arab Emirates, Abu Dhabi, U.S, Singapore, The UAE, UAE, Saudi Arabia, Dubai, London, New York, France
☆ Singapore's sovereign wealth fund posts robust returns but says inflation remains 'sticky'
  + stars: | 2023-07-26 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +1 min
Signage of Singapore's sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. Singapore's sovereign wealth fund GIC posted robust returns, its highest in eight years — but warned that "sticky" inflation has made it "more critical and challenging" in generating real returns. It was the highest since 2015, according to its annual report released on Wednesday. While headline inflation is beginning to ease, "underlying inflation remains sticky," said the fund in its report. GIC, with an estimated with $690 billion in total assets, is the world's seventh-biggest sovereign investor, according to Sovereign Wealth Fund Institute, a research firm.
Persons: That's, GIC Organizations: Sovereign Wealth Fund Institute Locations: Singapore
☆ Singapore's GIC bets on China after scoring 8-year-high returns
  + stars: | 2023-07-25 | by ( Yantoultra Ngui Xinghui Kok | Yantoultra Ngui | Xinghui Kok | ) www.reuters.com   time to read: +4 min
Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was keen to invest in Chinese companies that do business within China and do not export to the United States. "There are some 'China for China' type of investments that still make sense," he said. GIC said exposure to China was important for a diversified portfolio. GIC is the world's seventh-biggest sovereign investor with $690 billion in total assets, according to research firm Sovereign Wealth Fund Institute. The share of emerging market equities in GIC's portfolio rose to 17% by end of March from 16% a year earlier.
Persons: Jeffrey Jaensubhakij, Reuters GIC, GIC's, GIC, Lim Chow Kiat, Beijing scrambles, Ang Eng Seng, Jaensubhakij, GIC's Lim, Yantoultra Ngui, Xinghui, Xie Yu, Julie Zhu, Kane Wu, Christina Fincher Organizations: SINGAPORE, Reuters, HK, Ant Group, Temasek, Infrastructure, Sovereign Wealth Fund, Thomson Locations: China, Singapore, United States, Beijing, U.S, Asia, Japan, Xinghui Kok
☆ Kylian Mbappé: Saudi Arabian club submits world record bid superstar
  + stars: | 2023-07-24 | by ( Ben Church | ) edition.cnn.com   time to read: +4 min
CNN —Saudi Arabian soccer club Al Hilal has submitted a world-record bid of over $332 million (300 million euros) for Paris Saint Germain (PSG) striker Kylian Mbappé, according to multiple reports on Monday. CNN has reached out to PSG, Al Hilal and Mbappé’s representatives for comment. The current world record fee is $262 million (€222 million) when Neymar moved from Barcelona to PSG in 2017. Al Hilal reached both the FIFA Club World Cup and the AFC Champions League finals last season. Last month, the Saudi Public Investment Fund (PIF) announced that Al Hilal was one of four Saudi clubs that have been transformed into companies, each of which is owned by PIF and non-profit foundations for each club.
Persons: Al Hilal, Kylian Mbappé, Neymar, Mbappé, Nasser Al, Khelaifi, Luis Enrique, “, ” Al, doesn’t Organizations: CNN, Al, Paris Saint Germain, PSG, Saudi, FIFA Club, AFC Champions League, Saudi Public Investment Fund, Sovereign Wealth Fund, French Locations: Saudi Arabian, Japan, Al Hilal, Barcelona, Paris, French, Saudi Arabia, Spanish, Real Madrid
☆ Saudi Arabia's Public Investment Fund just reshaped professional golf with the PGA Tour-LIV merger. That's just the start
  + stars: | 2023-06-07 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
The Saudi Public Investment Fund is a government-controlled fund that has $650 billion in assets under management, according to its most recent filing. A state-owned investment fund like the PIF is not unique. Critics of LIV Golf accused the Saudis of backing the new tour as a form of “sportswashing” its reputation. For example it’s not clear exactly how much it invested to start up LIV Golf. CNN has not been able to confirm that report, but what is known is that LIV Golf tournaments have been held on Trump Organization properties.
Persons: petro, LIV Golf, LIV, Yasir Al, Rumayyan, Cristiano Ronaldo, Karim Benzema, ”, Elon Musk, Jared Kushner, Donald Trump’s, Kushner, Mohammed bin Salman, Bin Salman, Jamal Khashoggi, – CNN’s Coy Wire, Jack Bantock, Steve Almasy Organizations: New, New York CNN, Saudi, Saudi Public Investment Fund, Sovereign Wealth Fund, PGA, Soccer, Saudi Aramco, Newcastle United, Saudi Pro League, CNBC, Electronic Arts, EA, Activision Blizzard, Ticketmaster, Carnival Corp, Twitter, Washington Post, CNN, Trump Organization, US State Department, Congress Locations: New York, Europe, Saudi, English, Al, Saudi Arabia, al Qaeda
☆ Saudi is far from the last Western bank bagholder
  + stars: | 2023-03-21 | by ( George Hay | ) www.reuters.com   time to read: +5 min
LONDON, March 21 (Reuters Breakingviews) - Saudi Arabia has joined the Western bank bagholder club. The bank only made its play in November, when client money was already flowing out of Credit Suisse. Saudi National Bank bought 307.6 million Credit Suisse shares for 3.82 Swiss francs ($4.11) per share. The UBS offer of 3 billion Swiss francs ($3.23 billion) values Credit Suisse shares at 0.76 francs each, more than 80% lower than the price paid by the Saudi bank. Saudi National Bank's statement added that the potential impact to its capital adequacy ratio is about 35 basis points, with no impact on profitability.
☆ 'Our phones are ringing off the hook': Amid a global downturn, the finance world is chasing Middle Eastern money
  + stars: | 2023-03-09 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
The region's 10 largest sovereign wealth funds combined manage nearly $4 trillion, according to the Sovereign Wealth Fund Institute. The regional investors, especially the sovereign funds but also the families, are now much more sophisticated than before. Follow the capitalAs oil prices made a roaring comeback in the last two years, the Gulf's public wealth funds went on a spending spree. It added that GCC sovereign wealth funds "played an important role in 2020 during the Covid-19 pandemic and now again in 2022 during times of financial distress." Our phones are ringing off the hook," one manager from a UAE investment fund said, declining to be named due to professional restrictions.
☆ Abu Dhabi shakes up wealth funds with top royals chairing
  + stars: | 2023-03-09 | by ( Yousef Saba | ) www.reuters.com   time to read: +2 min
DUBAI, March 9 (Reuters) - Abu Dhabi announced a reshuffle at the top of its two biggest sovereign wealth funds on Thursday, appointing senior members of the royal family as chairmen. Sheikh Tahnoun bin Zayed Al Nahyan, one of the most powerful members of Abu Dhabi's royal family, was named chair of the Abu Dhabi Investment Authority (ADIA), among the world's largest sovereign wealth funds, the government's media office said. ADIA is estimated by Global SWF to manage $993 billion in assets, while the Sovereign Wealth Fund Institute puts the figure at $790 billion. The wealth fund's last chairman was the previous UAE president, Sheikh Khalifa bin Zayed Al Nahyan, who died last year. MORE NEWCOMERSThe UAE president is appointing his brothers as chairmen at state sovereign wealth funds rather than chairing them himself.
☆ Gulf states use new oil riches to gain regional influence
  + stars: | 2022-10-31 | by ( Nadeen Ebrahim | ) edition.cnn.com   time to read: +13 min
“Money talks,” Michael Maduell, president of the Sovereign Wealth Fund Institute in Las Vegas, told CNN. Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, last week announced that the nation’s wealth fund, the Public Investment Fund (PIF), is establishing five regional companies worth $24 billion across the Middle East. One of the key regional investment destinations for both Abu Dhabi and Riyadh has been Egypt. Once a regional rival, Turkey is now an economic ally of Saudi Arabia and the UAE. Despite a political thaw, Gulf investments in Iran and Syria are unlikely for the time being, say analysts.
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