From WSJ: The deadline is looming next week for Abu Dhabi Investment Authority, the Middle East’s largest sovereign-wealth fund, to begin converting $7.5 billion of bonds in Citigroup Inc. [more]
Posted on 12 March 2010 by VRS
From WSJ: The deadline is looming next week for Abu Dhabi Investment Authority, the Middle East’s largest sovereign-wealth fund, to begin converting $7.5 billion of bonds in Citigroup Inc. [more]
Posted on 12 March 2010 by VRS
From Thenational.ae: Mubadala Development, the strategic investment arm of the Abu Dhabi Government, has agreed to buy a 9 per cent stake in The Raine Group, an investment bank specialising in media, entertainment and sport. [more]
Posted on 12 March 2010 by VRS
From Businessweek.com: China’s $300 billion sovereign wealth fund sees a “good opportunity” to boost private-equity investments this year, as companies are undervalued after losses from the global financial crisis. [more]
Posted on 12 March 2010 by VRS
From Heritage.org: The China Investment Corporation (CIC) is the sovereign wealth fund responsible for allocating a portion of China’s foreign exchange reserves through non-bond investments. Indeed, CIC activities have accounted for more than 80% of Chinese non-bond investment in the U.S. since it was established in 2007. [more]
Posted on 12 March 2010 by VRS
From Asiaone.com: The Government has shot down a suggestion to set up a ‘Temasek II’ government fund that invests in Singapore companies. [more]
Posted on 12 March 2010 by VRS
From Gulfnews.com: Talks between Dubai World and its creditors over $22 billion (Dh80.7 billion) of debt have shifted towards extending the maturity of existing loans and bonds, bankers familiar with the matter said. [more]
Posted on 12 March 2010 by VRS
From Businessweek.com: Iran, holder of the world’s second- biggest oil and gas reserves, will add to its oil stabilization fund if crude prices remain over $65 in the coming 12 months, the deputy central bank governor said. [more]
Posted on 12 March 2010 by VRS
From Business24-7.ae: The aggregate total assets of all sovereign wealth funds (SWFs) continued to increase over the past year with more investment focus turning towards alternative asset classes. Recovery in global equities markets helped certain SWFs regain ground lost as a result of the economic downturn. [more]
Posted on 12 March 2010 by VRS
From Businessweek.com: Barron’s bill would take $100 million per year for 10 years from a state savings account called the Alabama Trust Fund. The trust fund receives royalties from natural gas wells drilled in state-owned waters along the Alabama coast and usually receives more than $100 million each year. [more]
Posted on 12 March 2010 by VRS
From Aviationrecord.com: Kazakhstan’s Air Astana has posted record results as it continues its operational restructure and expansion. Air Astana is a joint venture between Kazakhstan’s national welfare fund Samruk Kazyna (51 per cent) and BAE Systems PLC (49 per cent). [more]
Posted on 12 March 2010 by VRS
From WSJ: When historians come to explain the Great Greek Crisis of 2010, the question they will struggle to answer is not just how it erupted, but why it brought searching questions to bear on the workings of European monetary union. [more]
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