From Fortune: After months of relative silence, sovereign wealth funds, the huge, state-owned vehicles that export-rich countries use to invest their reserves, are on the prowl again. [more]
Posted on 03 September 2010 by VRS
From Fortune: After months of relative silence, sovereign wealth funds, the huge, state-owned vehicles that export-rich countries use to invest their reserves, are on the prowl again. [more]
Posted on 03 September 2010 by VRS
From IPE: What do sovereign funds consider to be alpha these days? The immaculate storm of 2008-2009 that swept every asset class off their peaks appears to have influenced sovereign funds and central banks’ expectations of investment performance. [more]
Posted on 03 September 2010 by VRS
From Reuters: Alberta’s public sector fund manager has been approached by sovereign wealth funds and other parties about participating in a possible takeover bid for Potash Corp to rival a $39 billion hostile offer from BHP Billiton. [more]
Posted on 03 September 2010 by VRS
From AP: The head of a major Canadian pension fund says a Chinese sovereign wealth fund is interested in making a joint-bid with a Canadian pension fund for fertilizer-maker Potash Corp. of Saskatchewan Inc. [more]
Posted on 03 September 2010 by VRS
From Dailycaller.com: On Tuesday, the Federal Reserve gave the green light to China Investment Corporation (CIC) – a wealth fund owned entirely by the Chinese government – to buy up ten percent of voter shares in the U.S. financial firm Morgan Stanley. The announcement made headlines throughout the U.S. financial landscape. [more]
Posted on 03 September 2010 by VRS
From WSJ: The U.S. Treasury is concerned about how many overseas investors it should allow to buy big stakes in General Motors Co. through the car maker’s initial public offering this fall. [more]
Posted on 03 September 2010 by VRS
From WSJ: A deal between Brazil’s government and oil company Petroleo Brasileiro, or Petrobras, has removed some doubts that the company can pull off the world’s largest share offer later this month. A presidential decree published Tuesday will allow government-run banks and the treasury’s sovereign-wealth fund to buy more shares if minority shareholders decline to participate in the offer. [more]
Posted on 03 September 2010 by VRS
From Thenational.ae: Qatar’s Hassad Food knows how to shop. To help ensure a steady supply of food for the nation’s fast-growing population, the $1 billion (Dh3.7bn) subsidiary of Qatar’s sovereign wealth fund finalised a $500 million agreement last year to grow wheat and rice on 100,000 hectares in Sudan and has announced plans to invest up to $700m worldwide this year. [more]
Posted on 03 September 2010 by VRS
From Centralasianewswire.com: The Samruk-Kazyna sovereign wealth fund owns 81 percent of BTA, a stake it said it wants to sell within three years. Creditors own most of the other 19 percent. Samruk-Kazyna’s takeover of BTA actually triggered the bank’s default, industry insiders said. [more]