Crown Heritage Investment Fund: Difference between revisions
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| parent = {{wp|HM Treasury|Her Majesty's Treasury}} | | parent = {{wp|HM Treasury|Her Majesty's Treasury}} | ||
| divisions = | | divisions = | ||
| subsid = Financial services: {{wp|HSBC}}, {{wp|Lloyds Banking Group}}, {{wp|Barclays}}, {{wp|Standard Chartered}}, {{wp|ING Group}}<br/>Automotive: {{wp|Volskwagen Group}}, {{wp|Rolls-Royce Holdings}}<br/>Aviation: {{wp|British Airways}}, {{wp|KLM}}, {{wp|Luxair}}, {{wp|Qantas}}, {{wp|Air Canada}}<br/>Technology and innovation: {{wp|ASML Holding}}, {{wp|Adyen}}, {{wp|Prosus}}, {{wp|ASOS (retailer)|ASOS}}, {{wp|Sage Group}}<br/>Energy and utilities: {{wp|Shell plc|Shell}}, {{wp|Philips}}, {{wp|BP}}, {{wp|SSE plc|SSE}}<br/>Healthcare and pharmaceuticals: {{wp|AstraZeneca}}, {{wp|GSK plc|GlaxoSmithKline}}, {{wp|Smith & Nephew}}, {{wp|ASML Holding}}, {{wp|Philips}}<br/>Food and agriculture: {{wp|Unilever}}, {{wp|Heineken N.V.|Heineken}}, {{wp|Diageo}}, {{wp|Compass Group}}, {{wp|Tesco}}<br/>Creative industries: {{wp|RELX}}, {{wp|WPP plc|WPP}}, {{wp|ITV plc|ITV}}, {{wp|Wolters Kluwer}}, {{wp|Just Eat Takeaway.com}} | | subsid = Financial services: {{wp|HSBC}}, {{wp|Lloyds Banking Group}}, {{wp|Barclays}}, {{wp|Standard Chartered}}, {{wp|ING Group}}<br/>Automotive: {{wp|Volskwagen Group}}, {{wp|Rolls-Royce Holdings}}, {{wp|Aston Martin}}, {{wp|Lotus Cars}}, {{wp|McLaren Group}}<br/>Aviation: {{wp|British Airways}}, {{wp|KLM}}, {{wp|Luxair}}, {{wp|Qantas}}, {{wp|Air Canada}}<br/>Technology and innovation: {{wp|ASML Holding}}, {{wp|Adyen}}, {{wp|Prosus}}, {{wp|ASOS (retailer)|ASOS}}, {{wp|Sage Group}}<br/>Energy and utilities: {{wp|Shell plc|Shell}}, {{wp|Philips}}, {{wp|BP}}, {{wp|SSE plc|SSE}}<br/>Healthcare and pharmaceuticals: {{wp|AstraZeneca}}, {{wp|GSK plc|GlaxoSmithKline}}, {{wp|Smith & Nephew}}, {{wp|ASML Holding}}, {{wp|Philips}}<br/>Food and agriculture: {{wp|Unilever}}, {{wp|Heineken N.V.|Heineken}}, {{wp|Diageo}}, {{wp|Compass Group}}, {{wp|Tesco}}<br/>Creative industries: {{wp|RELX}}, {{wp|WPP plc|WPP}}, {{wp|ITV plc|ITV}}, {{wp|Wolters Kluwer}}, {{wp|Just Eat Takeaway.com}} | ||
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Revision as of 10:29, 24 December 2023
CHIF | |
Sovereign wealth fund | |
Founded | June 12, 1976 |
Headquarters | , |
Key people | Justine Greening (CEO) Teddy Scott (Chairman) |
AUM | $2.089 trillion |
Owner | Government of the United Kingdom |
Parent | Her Majesty's Treasury |
Subsidiaries | Financial services: HSBC, Lloyds Banking Group, Barclays, Standard Chartered, ING Group Automotive: Volskwagen Group, Rolls-Royce Holdings, Aston Martin, Lotus Cars, McLaren Group Aviation: British Airways, KLM, Luxair, Qantas, Air Canada Technology and innovation: ASML Holding, Adyen, Prosus, ASOS, Sage Group Energy and utilities: Shell, Philips, BP, SSE Healthcare and pharmaceuticals: AstraZeneca, GlaxoSmithKline, Smith & Nephew, ASML Holding, Philips Food and agriculture: Unilever, Heineken, Diageo, Compass Group, Tesco Creative industries: RELX, WPP, ITV, Wolters Kluwer, Just Eat Takeaway.com |
The Crown Heritage Investment Fund (CHIF) is the sovereign wealth fund of the United Kingdom. Established by the British government in 1976 to initially manage the revenue generated by the North Sea oil, it has since expanded and diversified into various industries including finance, technology, energy, and healthcare. With an estimated $2.08 trillion in assets, it is the largest sovereign wealth fund in the world and also one of only two alongside the Government Pension Fund of Norway to be valued at $1 trillion and above. Overall, its main aims include investing funds on behalf of the British government, strengthen the British economy, as well as preserve and enhance the purchasing power of the United Kingdom's foreign reserves.
Established in 1976 during the premiership of Edward Heath, whose tenure coincided with an increase in oil prices particularly those in the nearby North Sea, the organisation was initially based at Tower 42 in London, where it remained for the next four decades, before eventually relocating in 2014 to The Shard, also in London, where it remains today. It is wholly owned by the Government of the United Kingdom which manages it via Her Majesty's Treasury, its finance department, with the Prime Minister of the United Kingdom serving as chief executive officer.