Scrap the LGPS for a SWF?
Last month, Reform UK’s deputy leader Richard Tice announced that a Reform government could transform the UK Local Government Pension Scheme into a £500bn sovereign wealth fund, while scrapping defined benefit pensions for incoming civil servants. But could the LGPS actually be converted into a sovereign wealth fund?
US tax proposals introduce uncertainty for sovereign wealth funds
A proposed change to US tax regulations which could shake billions of dollars in investment assets held by sovereign wealth funds
New Abu Dhabi wealth fund signals 'supercharged' approach
The universe of Abu Dhabi sovereign wealth funds is being shaken up by a new player, L’imad, which analysts say signals “the start of a supercharged private equity-style sovereign wealth fund that will proceed with a global reach”
Ireland's sovereign wealth fund powers tech boom
Ireland is eager to take advantage of its new-found economic solvency and is using its £20bn sovereign wealth fund to actively invest in its tech sector
Azerbaijan’s state oil fund has a 38% exposure to gold. Could that pose a problem?
The $73bn State Oil Fund of the Republic of Azerbaijan, or Sofaz, has increased its exposure to gold from 12 per cent in 2023 to 38 per cent now. That has been a boon with the price of gold rocketing, but could that pose a problem?
Caribbean island to set up sovereign wealth fund with proceeds of AI boom
The Caribbean island of Anguilla has made millions by selling its .ai domain to artificial intelligence companies. Now it is putting that money to good use.
Norwegian pension fund begins real-estate shake-up
By the Norwegian Government Pension Fund’s own admission, its peers have adapted to changes in the real estate investment market much better than it has. So now it is shaking things up