Sovereign Wealth Funds

Sterling provides spark for Abu Dhabi gas deal

17 Oct 2016

The sovereign fund is paying a higher valuation for a Scottish gas network stake than a comparable deal by Asian tycoon Li Ka-shing. Stable returns attract cash-rich investors. But a bigger boost might come from an eventual reversal of the pound’s post-Brexit decline.

Qatar’s investment strategy due a strategic pivot

22 Aug 2016

The gas-rich sheikhdom's big investments - banks, real estate and car makers - have not all worked out. Qatar should instead buy stakes in the end-users of its gas. With commodity prices low, defensive holdings in sectors you know make more sense than bets in ones you don't.

UK fracking revolution calls for national thinking

12 Aug 2016

Handouts to disgruntled communities and tax breaks are unlikely to make shale gas extraction more appealing for investors, given the shaky outlook for prices. A better strategy could be to create a national drilling titan in the mould of Norway's Statoil to get Britain fracking.

Abu Dhabi SWF yet to get the memo on transparency

2 Aug 2016

The annual review of the emirate's ADIA fund contains few facts about performance, or the scale of its assets. The sheikhdom's secrecy is not unusual, and fine when times are good. But with oil prices low, markets and bankers alike have a case for greater transparency.