A US federal government pension decides to exclude investments in Hong Kong; Philippines' Maharlika fund can finance up to 80 potential projects; Korean pension snaps up stake in US crypto exchange; Australia's ART brings one more super fund under its fold; and more.
GIC in tie-up to develop green ammonia in India; Teachers' Pension hires CIO from SK Securities; Ontario Teachers' clears competition hurdle to acquire stake in India's BusyBees Logistics; Temasek leads funding round for Indian spacetech firm; and more.
Singapore's MAS lists domestic systemically important insurers; Qantas Super explores merger options; CIC chairman sees need for greater sustainability certainty; KWAP to invest in Malaysia's startup ecosystem; and more.
Mubadala Investment in JV to invest in multifamily real estate; Philippines's sovereign wealth fund attracts GIC, Temasek interest; China's Xi meets Bill Gates; GEPS picks managers for equity portfolios; and more.
With no commodity-based or government surpluses to invest, some are questioning why the Philippines needs a sovereign wealth fund. Its proponents say it will ensure state funds are invested for the best return.
Temasek has been named with other defendants in a US lawsuit that claims they conspired with cryptocurrency exchange FTX to defraud customers; Australian Retirement Trust plans merger with Commonwealth Bank Group Super; and more.
Will the result be what happened in Indonesia? One thing is certain: the desire to create state investment platforms is growing regionally and globally.