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Sovereign Wealth Funds Briefing 09.Feb 2016

Posted on 09 February 2016 by VRS |  Email |Print

Azerbaijan’s state oil fund SOFAZ, which accumulates and manages the energy-rich country’s oil and gas revenues, has started investing in real estate funds. SOFAZ told Trend that the share of investments that can be made in real estate has been increased from 5 to 10 percent.
“Direct investments were supposed to make up the first stage of SOFAZ’s investment strategy on real estate, and the Fund continues this activity successfully. Both the cash inflows generated from these investments and positive price difference make an important contribution to the profitability of the overall investment portfolio,” SOFAZ said………………………………………..Full Article: Source

Posted on 09 February 2016 by VRS |  Email |Print

Residents soon will have the opportunity to voice their opinions on plans for the establishment of a sovereign wealth fund (SFW). The fund is aimed creating a mechanism for future budgetary surpluses that will ensure future economic prosperity of the Turks and Caicos Islands.
According to Premier Rufus Ewing further consideration, to a draft paper for wider consultation to establish a SWF for the TCI, will commence shortly. The Premier who was speaking at a recent press conference said the public will have the chance to give their comments on the development of the fund………………………………………..Full Article: Source

Posted on 09 February 2016 by VRS |  Email |Print

While sovereign wealth fund selling continues to be a major concern, US corporate earnings are not really helping investor sentiment either, says Robert Parker of Credit Suisse Asset Management.
Against this backdrop and the US non-farm payrolls data published on Friday, he sees another one or two moves by the US Federal Reserve this year. The US economy added 151,000 jobs in January, against economists’ expectations of a gain of 190,000. The unemployment rate, however, fell to 4.9 percent from 5 percent………………………………………..Full Article: Source

Posted on 09 February 2016 by VRS |  Email |Print

Singapore’s sovereign wealth fund Temasek Holdings has closed a $150-million fund that will invest in mature Israeli high-tech companies. Called the Red Dot fund, the new fund will invest invest between $10 million and $15 million in each company in its portfolio.
According to Temasek, this fund will differ from their wholly owned investment arm, Vertex Venture Holdings, which was set up in 1997 and developed partnership with Israel’s Yozma initiative. However, Yoram Oron, General Parter of Vertex Venture Capital, will be chairman of the new Red Dot vehicle………………………………………..Full Article: Source

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