Singapore sovereign wealth fund GIC is leading a $240 million Series D funding round for open source technology company Grafana Labs; South Korea’s Yellow Umbrella Mutual Aid Fund is seeking managers for a $328 million real estate mandate; Hong Kong's Mandatory Provident Fund (MPF) posted HK$76.2 billion loss in the first quarter of 2022, and more.
Tag : 1mdb
Tensions ahead of a poll in Korea, scandal in Malaysia, yet another vote in Britain – all reasons why political analysis is no longer an optional extra for fund managers.
The scandal at Malaysia's 1MDB did not help the reputation of sovereign wealth funds. With two further Asian SWFs in the works, the political risks that it highlighted are set to resurface.
1Malaysia Development Berhad scandal has raised investors' concerns and left Malaysia with what one fund manager describes as "astronomic reputational risk", among other problems.