Irish National Pension Reserve Fund to divest from munitions manufacturers
Posted by Editor on March 05, 2008 at 11:18 AM
Global Pensions reports that, “The [Irish] National Pension Reserve Fund (NPRF) is in talks with the government about divesting from certain munitions manufacturing companies. The fund’s latest reported holdings in such companies, using the ethical investment lists compiled by the Norwegian Ministry of Finance as a benchmark, amounted to €28m or 0.13% of the €21bn fund.”
How the west is responding to SWFs
Posted by Editor on February 29, 2008 at 08:40 AM
Rachel Ziemba of RGE Monitor has produced an overview of the various approaches western states and trading blocks are taking to SWF investment in their economies.
In this overview she also highlights some of the difficulties posed for those currently preparing SWF codes and guidelines by the various different channels and vehicles through which sovereign investment can be piped. I have now quoted liberally from her piece in an update to my post from two days ago on this subject.
An analysis of SWF benchmarks and return targets
Posted by Editor on February 03, 2008 at 04:11 PM
Rachel Ziemba of RGE Monitor analyses the disclosed benchmarks and return targets of sovereign wealth funds.
IMF asks Singapore to help set SWF benchmarks
Posted by Editor on January 23, 2008 at 09:54 PM
Reuters writes that, “Singapore, along with Norway and Abu Dhabi, has been asked by the International Monetary Fund (IMF) to help set disclosure benchmarks for sovereign wealth funds, a local newspaper reported on Thursday, quoting Singapore’s Minister Mentor Lee Kuan Yew. ‘We’ve put up certain ideas. They’re considering it. They are using us and Abu Dhabi and the Norwegians as benchmarks, to get us to set benchmarks for the rest,’ the Straits Times quoted Lee, who is also chairman of the Government of Singapore Investment Corp (GIC), as saying in Riyadh.”