Funds, Third Quarter 2013

November 13, 2013

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Singapore’s GIC and Temasek Holdings were the most active sovereign wealth funds in this quarter, accounting for half of the funds’ foreign direct investment. GIC completed four transactions valued at a combined $1.2 billion, while Temasek closed six deals worth a total of $192 million.

Several sovereign funds that are traditionally active direct investors, including the Qatar Investment Authority (QIA), had a quiet quarter. QIA’s inactivity may be the result of a leadership change in June following the abdication of the emir, Hamad bin Khalifa al-Thani, in favor of his son, Tamim bin Hamad bin Khalifa al-Thani. Working with QIA’s new chief executive, Ahmad Mohamed al-Sayed, whom Sheikh Tamim promoted from his previous role as CEO of the fund’s most prestigious subsidiary Qatar Holding, the new emir is steering QIA away from trophy acquisitions in developed markets. QIA is now taking more of an interest in emerging-market investments at home and abroad that promote economic development.

Asia-Pacific Sovereign Wealth Funds’ Foreign Direct Investment, Q3 2013

Asia-Pacific Sovereign Wealth Fund Foreign Direct Investments, Q3 2013
Source: Institutional Investor’s Sovereign Wealth Center.

Middle Eastern and North African Sovereign Wealth Funds’ Foreign Direct Investment, Q3 2013

Mena Sovereign Wealth Funds Foreign Direct Investments, Q3 2013
Source: Institutional Investor’s Sovereign Wealth Center.


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