Reject sovereign wealth funds at your peril
Hostility is dangerous because we are reaching a stage in the global economy where SWFs have other options, says Blackstone chairman Stephen Schwarzman
Sovereign Funds
Resources
State-backed investors seeking higher returns on their capital are buying western company shares, but the move has provoked a mixture of protectionism, anger and mistrust
Abu Dhabi aims to join GE shareholders
Mubadala, Abu Dhabi’s increasingly powerful state investment vehicle, said it planned to become one of General Electric’s biggest institutional investors as it announced a series of deals with the US group, including a $8bn joint venture to set up a commercial finance business
Wealth funds missed out on BlackRock deal
Sovereign wealth funds missed an opportunity to expand their foothold in the US financial system when Merrill Lynch last week decided against selling its 49 per cent stake in BlackRock, the fund manager, people familiar with the talks said
Sovereign funds cut exposure to weak dollar
Some of the world’s largest sovereign wealth funds are seeking to scale back their exposure to the US dollar in a sign of global concern about the currency
Saudi Arabia approves setting up of new fund
The oil-rich nation is set to create a state investment vehicle, considered by many as its first sovereign wealth fund, which will have an initial capital of $5.3bn
Abu Dhabi fund in deal to supply Airbus parts
EADS and Rolls-Royce extend their reach into the Middle East with the help of the state investment company, which is keen to diversify the Gulf country’s economy
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Left in the cold: Foreign bidders find themselves out of favour
Rich countries are increasingly prepared to forbid overseas investors from buying into assets deemed to be strategic – a category that is expanding
Fears of a return to protectionism
The Children’s Investment Fund has written history in Japan – although hardly in the way that it intended
Change is in the air for financial superclass
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