Sovereign wealth funds are back in vogue as ‘an extension of a country’s industrial policy’
Indonesia, the Philippines and the city of Hong Kong all recently launched new funds. Now Trump's U.S. wants one too.
Dealmaker Michael Grimes Expected to Lead New US Sovereign Wealth Fund, Sources Say
NEW YORK (Reuters) -Star technology investment banker Michael Grimes, who left Morgan Stanley to take up a senior role in the ...
Abu Dhabi’s Adnoc Is Said to Mull Buying Mubadala Energy Assets
Abu Dhabi’s state oil firm is weighing plans to buy the energy assets of sovereign wealth fund Mubadala Investment Co., ...
Maker of Pokémon Go Agrees to Sell Unit to Saudi Fund
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s ...
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Indonesia’s coal gasification reboot faces backlash over economic, environmental risks
A renewed plan by the Indonesian government to turn coal into gas or liquid fuel forms has received mounting backlash from ...
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ADNOC Considers Buying UAE Sovereign Fund’s Energy Assets
ADNOC has initiated discussions to acquire Mubadala Energy assets, potentially worth $10 billion, as part of its strategy to ...
Norway faces pressure to tap its $1.8 trillion sovereign wealth fund to boost aid to Ukraine
Norway is under pressure to tap into its massive sovereign wealth fund to boost aid to Ukraine as concerns grow over US ...
Indonesia’s new sovereign wealth fund—at nearly $1 trillion—heralds an economic powerhouse taking full control of its resources
Danantara Indonesia signals that the nation is leveraging its abundant natural wealth to invest in its future.