Latest news with #wealthfunds
Zawya
11-07-2025
- Business
- Zawya
Sovereign giants PIF, ADIA, KIA thrive in trillion-dollar club with surging AUMs
The GCC is home to three wealth funds with more than $1 trillion each in assets under management (AUM), with Saudi's Public Investment Fund (PIF) leading the pack, followed by the Abu Dhabi Investment Authority (ADIA) and the Kuwait Investment Authority (KIA), according to the July 2025 rankings by Global SWF. The sovereign wealth fund tracker ranks Norway's Norges Bank Investment Management (NBIM) in first place with $1.76 trillion in AUM, followed by two China wealth funds, SAFE Investment Company (IC) with $1.41 trillion, and the China Investment Corporation (CIC) with $1.33 trillion. The state-backed PIF has an estimated $1.15 trillion in AUM, despite reporting a 60% slump in net profit last month on the back of high interest rates and spiralling costs on several giga projects that have either been scaled down or delayed. PIF's total AUM rose 18% from 3.664 trillion riyals ($977 billion) a year earlier, with 37% of its portfolio invested in alternative assets, including real estate, infrastructure, private equity and hedge funds, Global SWF data revealed. With a portfolio of investments that include giga-projects NEOM and the Red Sea coastal development, along with multi-billion investments companies such as Softbank, Saudi Aramco and Saudi National Bank, the fund is on track to become the world's largest SWF with AUM of $2 trillion by 2030, according to Global SWF. The UAE sovereign investor ADIA is a close second to PIF, with $1.11 trillion in AUM, while ranking in fifth place in global rankings in July, and just below the Saudi wealth fund. 'Due to its size and significant allocation to private markets, ADIA is one of the world's largest investors in real estate, infrastructure and private equity,' Global SWF noted, with 32% of the wealth fund's portfolio invested in alternative assets. In its review published in November, ADIA highlighted an investment strategy the fund has adopted in recent years is 'to emphasise total returns at a portfolio level, in contrast to the more traditional approach of tasking individual asset classes to outperform benchmarks.' Kuwait's sovereign wealth fund, KIA, with $1.002 billion in AUM, is ranked sixth by Global SWF. KIA has 23% of its portfolio invested in alternative assets with stakes in companies such as BlackRock and Germany's Mercedes-Benz Group. (Writing by Bindu Rai, editing by Seban Scaria)
Bloomberg
07-07-2025
- Business
- Bloomberg
Abu Dhabi's Financial Hub Is Full, Yet Empty Desks Are Aplenty
Office occupancy rates in Abu Dhabi's financial hub have hit 97%, reflecting a city in the midst of a boom. But step inside some of the gleaming towers on Al Maryah Island, and you'll still find quiet hallways and rows of empty desks. The contradiction stems from the emirate's push to compete with business hubs in neighboring Dubai and globally. As part of that effort, firms were encouraged to establish a local presence and relocate more staff. The proximity to Abu Dhabi's influential wealth funds, which control nearly $2 trillion, added to the appeal. The campaign has drawn top banks and private markets firms, earning ADGM, the financial center, a reputation as the Gulf's ' hedge fund island.'
Bloomberg
09-05-2025
- Business
- Bloomberg
US Unveils Plans to Fast-Track Deals as Trump Eyes Mideast Funds
The US said it's developing a fast-track process for screening foreign investments in the US, an effort Trump administration officials expect could smooth the way for billions from wealth funds in the United Arab Emirates, Saudi Arabia and Qatar. The US Treasury Department said in a statement Thursday that the effort includes gathering information from investors based in partner nations before they file for deal approvals from US regulators, launching a Known Investor portal run by the Committee on Foreign Investment in the US.
