Sovereign Wealth Fund

Tax break for global funds extended: what it could mean for your portfolio

Extension of tax breaks till 2030 aims to deepen foreign inflows in infra, but retail investors may only see limited indirect gains, say experts

India's quasi-sovereign wealth fund seeks to double assets to $10 bn

The move comes as the likes of KKR & Co., Brookfield Asset Management Ltd. and GIC Pte are pumping in hundreds of millions of dollars to develop the country's roads, renewable energy projects

Trump orders creation of wealth fund, says it could own part of TikTok

President Donald Trump on Monday signed an executive order directing the US to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he's successful at finding it an American buyer. Trump signed an order on his first day office to grant the Chinese-owned TikTok until early April to find a domestic partner or buyer, but he's said he's looking for the US to take a 50% stake in the massive social media platform. He said Monday in the Oval Office that TikTok was an example of what he could put in a new US sovereign wealth fund. We might put that in the sovereign wealth fund, whatever we make or we do a partnership with very wealthy people, a lot of options, he said of TikTok. But we could put that as an example in the fund. We have a lot of other things that we could put in the fund. Trump noted many other nations have such investment funds and predicted that the US could eventually top Saudi Arabia's fund size. Eventuall

Saudi Arabia's sovereign wealth fund refinances $15 bn loan with banks

The PIF, as the fund is known, has spent much of the year hunting for new sources of cash as it looks to push ahead with a massive investment plan intended to help diversify the Saudi economy

Jain Global raises $5.3 billion in biggest hedge fund debut since 2018

Jain Global will start trading July 1, according to people familiar with the matter. Investors include endowments, foundations, family offices, bank wealth platforms and sovereign wealth funds

UAE wealth fund plans $4-5 billion in investments via India's GIFT city

Trade between India and the UAE totalled $85 billion for the financial year ending March 2023, according to Indian government data

GIC buys units in Data Infrastructure Trust for Rs 933 cr via open market

Singaporean sovereign wealth GIC on Tuesday bought units in Data Infrastructure Trust for Rs 933 crore through an open market transaction. GIC through its wholly-owned subsidiary Anahera Investments Pte purchased 6.06 crore units of Data Infrastructure Trust (DIT) on the BSE. Data Infrastructure Trust (DIT) is a Sebi-registered Infrastructure Investment Trust (InvIT) that provides passive telecom infrastructure services. According to the bulk deal data available with the BSE, Anahera Investments Pte Ltd acquired 6,06,00,000 units, amounting to a 2.33 per cent of total units in DIT. The units were picked at an average price of Rs 153.95 apiece, taking the transaction value to Rs 932.94 crore. Meanwhile, private sector lender Axis Bank sold the same number of units at the same price. The unit of Data Infrastructure Trust gained 0.69 per cent to close at Rs 153.95 apiece on the BSE.

Saudi Arabia's fund outpaces Singapore's GIC with $31.6 billion splurge

Overall, sovereign wealth funds controlled by the hydrocarbon-rich governments of Abu Dhabi, Saudi Arabia and Qatar took five spots on a list of the top 10 most active funds last year

40% wealth and pension funds prefer India over China, shows study

Almost 40% of investors chose India as the most attractive emerging market, while less than a quarter selected China in a survey

Sovereign wealth funds bullish on RRVL as valuation doubles in three years

RIL retail arm in talks with global investors to raise $2.5-3 billion

Sovereign wealth funds likely to keep away from Russia, says researcher

Middle Eastern and Chinese sovereign wealth funds are likely to avoid new deals in Russia for now after its invasion of Ukraine, says researcher

Sovereign wealth fund flows likely to rise on oil bounty, shows data

There's correlation between oil prices and sovereign fund flows, but experts say lot depends on trade balance

World's oldest wealth fund swells to record $700 bn and cracks the top 3

KIA, the world's oldest sovereign wealth fund whose roots predate the birth of the modern state of Kuwait, doesn't officially disclose the value of its assets.

Kuwait's $600-billion sovereign wealth fund stuck in political slugfest

Disagreements hold up approval of new term for nine-member board

Biggest wealth fund puts Japan's Kirin on watch list over Myanmar link

Norges Bank Investment Management (NBIM), which manages the world's largest sovereign wealth fund, held a 1.29% stake in Kirin Holdings at the end of 2020

Kuwait's govt forced to tap into its wealth fund as cash dries up

Without borrowing, govt out of options to cover deficit

Abu Dhabi sovereign fund first to get 100% tax exemption in infra

It is the first foreign SWF to get 100 per cent tax exemption in the case of income from interest, dividend, and long-term capital gains for its investment in infrastructure

Norway's sovereign wealth fund gains $44 billion in third quarter

The fund invests in some 9,200 companies worldwide, owning 1.5% of all listed stocks. It also invests in bonds and real estate

Covid-19 crisis: Biggest wealth fund faces record $37-bn withdrawal

The unprecedented withdrawal, revealed in Norway's Revised Budget for 2020, is more than four times the previous record set in 2016

Norway's sovereign wealth fund liquidation reports spark panic

The oil-rich country operates the world's largest SWF, with assets of nearly $1 trillion