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Azerbaijan Oil Fund’s investment portfolio exceeds limit for 2015 by 32.8%

Posted on 28 July 2015 by VRS  |  Email |Print

By 1 July the State Oil Fund of Azerbaijan exceeded the investment portfolio limit (AZN 28.2 bn) set for 2015 by 32.8%. According to the Fund, in the first half of 2015 its investment portfolio in manats, as the basic currency, grew from AZN 28.79 bn up to AZN 37.459 bn or by 30.1%. In Q2 growth made up AZN 959,000 or 2.6%.
The investment portfolio in euro as the base currency rose from AZN 30.2 bn up to AZN 32.26 bn or by 6.7%. The investment portfolio in US dollar fell from $36.7 bn to $34.8 bn or by 5.1%………………………………………..Full Article: Source

Sovereign Funds: 3 Portfolio Moves They Are Contemplating

Posted on 28 July 2015 by VRS  |  Email |Print

Sovereign wealth funds like the Abu Dhabi Investment Council (ADIC) and GIC Private Limited often take tactical bets while maintaining their long-term investment views. For example, GIC is an investor in Mumbai-based Eros International Plc, an Indian moviemaker – betting on India’s growing consumer class. These institutional investors understand that risk is the price all investors must pay to achieve returns.
From the start of 2015 till July 16, 2015, the Nikkei 225 returned 18.05% versus the S&P500 (similar period) returning 3.48%………………………………………..Full Article: Source

Abu Dhabi Investment Authority buying Irish hotels

Posted on 27 July 2015 by VRS  |  Email |Print

Abu Dhabi Investment Authority (ADIA) is rumoured to be backing a US $170 million bid to buy the seven-acre Dublin site, including two hotels. ADIA has teamed up with Irish developer Chartered Land to buy the two former Jurys and Berkeley Court hotels, which sit on some of the most valuable land in Ireland, according to the Irish Independent.
It was reported that under the deal, ADIA would finance the purchase and Chartered Land would redevelop and manage the site. Even at €155 million, the newspaper said, the sale price would be a fraction of the €380 million paid by developer Sean Dunne for the property in 2005………………………………………..Full Article: Source

Saudis to Boost Investment in Russia

Posted on 27 July 2015 by VRS  |  Email |Print

On 7 July, Saudi Arabia’s Public Investment Fund (PIF),the sovereign wealth fund of the Kingdom of Saudi Arabia declared its intent to follow through in co-investing up to $10 billion in the Russian Direct Investment Fund (RDIF). This is following up on a 21 June 2015 signing of a memorandum of understanding between the institutional partners.The RDIF was formed in 2011 in order to drive investment in high-growth sectors of Russia.
It can be seen as a part of former President Dmitry Medvedev’s plan to diversify the economy of Russia. The concept is centered around driving inward foreign direct investment by providing co-investment with other countries’ Sovereign Wealth Funds………………………………………..Full Article: Source

Atlantia, CIC, Macquarie, Allianz bidding for Tank&Rast

Posted on 24 July 2015 by VRS  |  Email |Print

Italian motorway operator Atlantia, Chinese sovereign wealth fund CIC, Australian infrastructure investor Macquarie and a consortium led by insurer Allianz are vying for Germany’s Tank&Rast, according to several people familiar with the deal. The four different groups are expected to hand in final bids of up to 3.5 billion euros ($3.84 billion) for the motorway service station group by a deadline set for next week, the sources added.
Terra Firma, run by British financier Guy Hands, is selling Tank&Rast, which operates 350 petrol stations and 390 service stations, with the help of Deutsche Bank and JP Morgan……………………………………….Full Article: Source

Abu Dhabi SWF in $170m bid for Irish hotels site

Posted on 24 July 2015 by VRS  |  Email |Print

Abu Dhabi Investment Authority (ADIA) is believed to be backing a €155 million ($170 million) bid to buy a valuable seven-acre development site in Dublin. ADIA has teamed up with Irish developer Chartered Land to buy the two former Jurys and Berkeley Court hotels, which sit on some of the most valuable land in Ireland, reported the Irish Independent.
Even at €155 million, the newspaper said, the sale price would be a fraction of the €380 million paid by developer Sean Dunne for the property in 2005. Dunne planned to build a 38-storey tower on the site when he first bought it but his plans were shelved during the recession………………………………………..Full Article: Source

The Future Fund takes risk off the table

Posted on 23 July 2015 by VRS  |  Email |Print

The revelation that the Future Fund has ramped up its cash holdings amid what it sees as an overpriced asset environment should resonate with smaller investors. The Fund is one of the nation’s most sophisticated investors, using a blend of outsourced managers and in-house specialists to generate mandated returns of 4.5 per cent over CPI — easy enough in the bull market years when the Fund was established by then Treasurer Peter Costello, not so easy in a low-rate world.
The Fund’s executives, including now chairman Costello, have been warning for some time that it is taking risk off the table as global financial markets approach the first rate increase by the Federal Reserve in close to a decade. The managers have tried to make the fund’s $117 billion portfolio as robust as possible to the range of scenarios that might play out once the Fed starts raising interest rates, and other central banks eventually follow suit. Fed officials have lately recommitted to a September increase………………………………………..Full Article: Source

Saudi Arabian sovereign wealth fund eyes big return on Russia investments

Posted on 23 July 2015 by VRS  |  Email |Print

The Saudi Arabian government’s sovereign wealth fund said it was investing $10 billion in Russia this year. The fund will work in partnership with the Russian Direct Investment Fund (RDIF). The Saudi Arabia Public Investment Fund is investing $10 billion in Russia, and will create a partnership with the Russian Direct Investment Fund (RDIF), a state-controlled investment fund supporting promising projects in Russia.
Vedomosti cited RDIF Chief Executive Kirill Dmitriev as saying the amount would be invested over a period of four to five years. According to Dmitriev, the partners have already approved seven projects, and they plan to increase this number to ten by the end of 2015. It is still unclear what these projects are. The partners say the funds will basically be directed towards infrastructure, agriculture, retail, medicine, and real estate………………………………………..Full Article: Source

Libyan investment chief: We need to manage frozen assets

Posted on 22 July 2015 by VRS  |  Email |Print

The Libyan Investment Authority (LIA) is drafting a proposal to the United States and European Union seeking management of its assets despite challenges from its former chairman who says that the country is too unstable for such a move.
The LIA’s international assets, which constitute a third of the $67 billion (Dh245.9 billion) sovereign wealth fund, have been frozen since 2011 when the country overthrew dictator Muammar Gaddafi. The Libyan government had an option to unfreeze the assets a year later, however, it decided to stick with the status quo………………………………………..Full Article: Source

China’s Total Gold Holdings Much Higher – Owns Gold In SAFE and CIC

Posted on 21 July 2015 by VRS  |  Email |Print

China revises up its stated gold reserves in bid for IMF membership and reserve currency status. China announces a 604 tonne increase in gold reserves. First public disclosure re reserves in since 2009. China true gold holdings much higher as also owns gold in SAFE and CIC.
China officially owns around 1,660 tonnes of gold reserves – true total figure is likely much larger. Playing long game – protecting USD reserves and positioning RMB as global reserve currency. It is important to remember that as we have long pointed out two other entities, besides the PBOC, have also been buying gold – the State Administration of Foreign Exchange (SAFE) and the China Investment Corporation (CIC). Although if the combined holdings of the PBOC, SAFE and CIC were added together, China may well be the second largest holder of gold bullion – after the U.S. – assuming that U.S. gold reserve figures, which have not been publicly audited in over 60 years, are accurate………………………………………..Full Article: Source

Singapore’s Temasek Holdings invests around $14 in Just Dial

Posted on 21 July 2015 by VRS  |  Email |Print

Investment venture Temasek Holdings has bought around 1% in India’s Just Dial in the last couple of weeks for around $13-$14 million. This is not the first time for Temasek to invest in Just Dial Ltd but for the second time. Just Dial Ltd, “Which runs the India-specific local business listings site Justdial.com and is slowly morphing into an e-commerce marketplace,” says the report in VCCircle.
Singapore-based Temasek started to invest outside Singapore only in 2002-2003. It does not want to be called fund-raising as it funds from its own money and has its own balance sheet and pays taxes like a company. It makes investment through its own divestments or earning through dividends………………………………………..Full Article: Source

GIC in Brazil shopping mall move

Posted on 20 July 2015 by VRS  |  Email |Print

Singapore’s Government of Singapore Investment Corporation (GIC), the eighth largest sovereign wealth fund (SWF) with total AUM of US$345 billion, has purchased a 35% stake in a Brazilian shopping mall, Via Parque Shopping. GIC said in a statement that the fund has entered into an agreement with the country’s second largest listed mall developer, Aliansce Shopping Centers SA to purchase the majority stake in the shopping mall for for US$41.89 million.
The mall is located in a prime area to the west of Rio de Janeiro and has a gross leasable area of 56,802 square meters. The mall underwent renovation in 2013 and 2014 to improve its retail environment. GIC said that the acquisition reflects its confidence in the long-term growth prospects of the Brazilian retail sector………………………………………..Full Article: Source

USPL gets Temasek boost

Posted on 20 July 2015 by VRS  |  Email |Print

In an attempt to power its aggressive expansion plans, Sachin Tendulkar-backed celebrity fashion lines company Universal Sportsbiz Private Limited (USPL) has raised Rs 8 crore from InnoVen Capital India (formerly known as SVB India Finance) in debt. Innoven Capital India is a start-up focused subsidiary of Singapore-based investment major Temasek Holdings.
“USPL is expected to use the debt for the planned brand building efforts and multimedia campaigns as the company pursues its aggressive growth plans,” the company said in a statement on Sunday. The debt raised by USPL follows the successful series B funding secured from existing investor Accel Partners. The total funds raised by USPL during the calendar year 2015 is Rs 61 crore through a combination of equity infusion and debt………………………………………..Full Article: Source

Banco do Brasil Falls on Sovereign Share Sale as Ibovespa Gains

Posted on 17 July 2015 by VRS  |  Email |Print

State-run Banco do Brasil SA fell the most in six weeks as the country’s sovereign-wealth fund sold some of its shares, paring gains on the Ibovespa. The lender was the biggest drag on the benchmark equity gauge. The sovereign wealth fund, which the government may tap to help meet its fiscal target, has started reducing its stake in the bank, said a person with direct knowledge of the matter, who asked not to be identified.
“That’s bad news for Banco do Brasil’s investors in the short term as flooding the market with shares will push the price lower,” Pedro Paulo Silveira, the chief economist at the brokerage TOV Corretora, said from Sao Paulo………………………………………..Full Article: Source

Brazil Bank Stock Sale Signals Rousseff May Tap Wealth Fund

Posted on 17 July 2015 by VRS  |  Email |Print

Brazil’s sovereign wealth fund has started reducing its stake in Banco do Brasil SA as the government may tap the fund to help meet its fiscal target, said a person with direct knowledge of the matter. The shares plunged the most in six weeks.
The sovereign fund sold 1 million shares of Banco do Brasil last month, data compiled by Bloomberg show. While the initial share dump is small — worth about 23 million reais ($7 million) — it marks the beginning of what could be a bigger reduction of the fund’s 2.66 billion-real stake in the bank, according to the person, who asked not to be identified because the government’s plans aren’t public………………………………………..Full Article: Source

Temasek seek buyers for shipper Neptune Orient Lines

Posted on 17 July 2015 by VRS  |  Email |Print

Singapore state investor Temasek Holdings has put shipping company Neptune Orient Lines Ltd , which has a market value of $1.7 billion, up for sale, people familiar with the matter told Reuters. Temasek has hired a bank to seek buyers for the business which made a net loss in five of the past six years, the sources said, as the fund with $197 billion under management seeks to boost its performance by shedding underperforming companies.
The sale of the business was widely expected, especially after Neptune, nearly 67 percent-owned by Temasek, sold its logistics business to Japanese freight carrier Kintetsu World Express Inc for $1.2 billion………………………………………..Full Article: Source

Temasek Holdings selling NOL

Posted on 17 July 2015 by VRS  |  Email |Print

Singapore investment firm Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, according to a Wall Street Journal (WSJ) report. The report, citing unnamed sources, said the liner company has been “shopped to prospective buyers” in recent months. NOL is about 67 per cent owned by Temasek, going by Bloomberg data.
The company had been in talks with a prospective buyer, but “the two sides couldn’t agree on price”, added the report. WSJ said such a deal would allow Temasek to exit from the container-shipping business, which has been suffering from overcapacity in recent years………………………………………..Full Article: Source

Libya SWF considered investing EUR1.5bn in Bank of Ireland

Posted on 16 July 2015 by VRS  |  Email |Print

The Libyan investment authority considered investing €1.5 billion in Bank of Ireland in late 2010, according to the former head of the National Treasury Management Agency (NTMA) John Corrigan.
Speaking to the Oireachtas Banking Inquiry on Wednesday, Mr Corrigan confirmed that the NTMA met with the Libyan sovereign wealth fund in Tripoli in December 2010 with a view to it investing in Bank of Ireland. This was a time when Libya’s disgraced former dictator Moammar Ghadaffi still led the country………………………………………..Full Article: Source

China Investment Corporation and LaSalle tipped to take Investa

Posted on 16 July 2015 by VRS  |  Email |Print

China Investment Corporation, the world’s fourth-largest sovereign wealth fund, and LaSalle ­Investment Management may be edging close to winning preferred bidder status on Morgan Stanley’s $8.9 billion Investa Property Group.
While a decision is imminent and rival suitors, including Cromwell Property Group which has assembled a powerful consortium with the inclusion of the Future Fund, have made compelling bids, the Chinese fund has been buying up trophy assets globally and is making an aggressive grab for the Investa portfolio, which includes gems such as a stake in Sydney’s Deutsche Bank Place………………………………………..Full Article: Source

GIC pays US$42m for minority stake in Aliansce’s Brazilian mall

Posted on 16 July 2015 by VRS  |  Email |Print

GIC Pte Ltd, Singapore’s sovereign wealth fund, agreed on Monday to pay 132.4 million reais (S$57 million) for a minority stake in a shopping mall controlled by Brazil’s Aliansce Shopping Centers SA, the latest step in the fund’s push into Latin America’s largest economy.
Under terms of the deal, GIC took a 35 per cent stake in Via Parque Shopping, a mall located in Rio de Janeiro’s exclusive Barra da Tijuca area, according to a statement. The mall, which has 57,000 square meters (611,400 square feet) of shopping area, underwent massive renovation work between 2013 and 2014, the statement added………………………………………..Full Article: Source

China Investment Corporation and LaSalle tipped to take Investa

Posted on 15 July 2015 by VRS  |  Email |Print

China Investment Corporation, the world’s fourth-largest sovereign wealth fund, and LaSalle ­Investment Management may be edging close to winning preferred bidder status on Morgan Stanley’s $8.9 billion Investa Property Group.
While a decision is imminent and rival suitors, including Cromwell Property Group which has assembled a powerful consortium with the inclusion of the Future Fund, have made compelling bids, the Chinese fund has been buying up trophy assets globally and is making an aggressive grab for the Investa portfolio, which includes gems such as a stake in Sydney’s Deutsche Bank Place………………………………………..Full Article: Source

Temasek to meet investors next week

Posted on 15 July 2015 by VRS  |  Email |Print

Temasek Holdings is planning to meet investors starting next week. Singapore’s state investment holding company will be meeting investors for a luncheon in Singapore next Monday. DBS and OCBC are arranging the meetings.
Last week Temasek published its annual results, showing that its portfolio stood at S$266 billion ($195 billion) as of March 31, up 19 percent from a year ago. Temasek was last in the market in July 2012, when it issued a $1.2 billion 2.375 percent 10.5-year bond and a $500 million 3.375 percent 30-year note………………………………………..Full Article: Source

The Ascott, QIA setting up serviced residence global fund

Posted on 15 July 2015 by VRS  |  Email |Print

CapitaLand’s serviced residence arm ,The Ascott, has teamed up with the Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, to set up a US$600 million (S$811 million) serviced residence fund. The real estate group said the move was part of an ambitious plan to launch six new funds with up to $10 billion in total assets under management by 2020.
QIA and The Ascott will contribute equally to the joint venture, which is The Ascott’s largest private equity fund to date, said CapitaLand in a statement yesterday. The Ascott will have the first right to manage the properties it acquires………………………………………..Full Article: Source

Qatar’s Sheikh Hamad Buys $1.1B stake in Spain’s El Corte Ingles

Posted on 15 July 2015 by VRS  |  Email |Print

Former Qatari Prime Minister Sheikh Hamad Bin Jassim Bin Jabr Al Thani will take a 10 per cent stake in Spanish department store El Corte Ingles for 1 billion euros ($1.1 billion) as he builds his portfolio as a solo investor.
Sheikh Hamad was ousted as prime minister and head of Qatar’s $100 billion sovereign wealth fund in 2013. During his time at the fund he oversaw investments in Barclays and Total. The country’s investment abroad averaged $60 billion a year between 2008 and 2012, the International Monetary Fund said in 2013………………………………………..Full Article: Source

GIC pays $42 mln for minority stake in Aliansce’s Brazilian mall

Posted on 14 July 2015 by VRS  |  Email |Print

GIC Pte Ltd, Singapore’s sovereign wealth fund, agreed on Monday to pay 132.4 million reais ($42 million) for a minority stake in a shopping mall controlled by Brazil’s Aliansce Shopping Centers SA, the latest step in the fund’s push into Latin America’s largest economy.
Under terms of the deal, GIC took a 35 percent stake in Via Parque Shopping, a mall located in Rio de Janeiro’s exclusive Barra da Tijuca area, according to a statement. The mall, which has 57,000 square meters (611,400 square feet) of shopping area, underwent massive renovation work between 2013 and 2014, the statement added………………………………………..Full Article: Source

The Ascott, QIA setting up serviced residence global fund

Posted on 14 July 2015 by VRS  |  Email |Print

CapitaLand’s serviced residence arm ,The Ascott, has teamed up with the Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, to set up a US$600 million (S$811 million) serviced residence fund. The real estate group said the move was part of an ambitious plan to launch six new funds with up to $10 billion in total assets under management by 2020.
QIA and The Ascott will contribute equally to the joint venture, which is The Ascott’s largest private equity fund to date, said CapitaLand in a statement yesterday. The Ascott will have the first right to manage the properties it acquires………………………………………..Full Article: Source

S. Korea’s sovereign wealth fund buys into U.S. pet supplies retailer

Posted on 13 July 2015 by VRS  |  Email |Print

South Korea’s sovereign wealth fund said Monday that it has invested US$100 million into a U.S.-based pet supplies and services retailer chain as part of efforts to diversify its portfolio. The move, undertaken in cooperation with U.S. private equity fund BC Partners and GIC Private Ltd., Singapore’s state investment corporation, allows the partners to take over PetSmart Inc., Korea Investment Corp. (KIC) said.
KIC’s share in the company headquartered in Arizona stands at 5 percent, with the duration of the investment to be at least five years, the fund said. KIC said that PetSmart not only handles selling pet products, but also provides other various services to pet owners. The company controls some 41 percent of the North American market, making it the largest on the continent………………………………………..Full Article: Source

India best for investment, says Temasek

Posted on 13 July 2015 by VRS  |  Email |Print

Temasek Holdings Pvt ltd which is one of the best firms for investment in Singapore government said today that India has a bright future for investment. India over the past one year has been an active player in the world of investments with the best potential for long-term return as well.
They also spoke about Prime Minister Narendra Modi government who was focusing on reviving investor-led growth, as per Ravi Lambah, co-head of India, Africa and the Middle East region at Temasek. They hope that investing in India would definitely give them long-term returns. India currently accounts for about four per cent of the Singapore investor’s portfolio………………………………………..Full Article: Source

SGRF working to retrieve investment in Corpbank

Posted on 13 July 2015 by VRS  |  Email |Print

Oman’s State General Reserve Fund (SGRF) has said that it is seriously working to protect its investment in Bulgaria’s bankrupt Corporate Commercial Bank (CCB). Last week, there were media reports that Oman, represented by SGRF, had initiated a lawsuit against the Bulgarian government following the bankruptcy of CCB, based on information from an unnamed source.
SGRF, in a statement on its website, said that it cannot comment on information from anonymous sources. “However, it is seriously working to protect its investment in CCB and observing all CCB related updates.” Bulgarian lender CCB was shut down last year by Bulgaria’s central bank after a bank run in June 2014. ……………………………………….Full Article: Source

CapitaLand partners Qatar Investment for US$600m fund

Posted on 13 July 2015 by VRS  |  Email |Print

CapitaLand Ltd.’s serviced residence arm and Qatar Investment Authority, the Gulf state’s sovereign wealth fund, will partner in a $600 million venture as Southeast Asia’s biggest developer boosts its fund management business.
The venture will initially focus on Asia Pacific and Europe, according to a statement on Monday. CapitaLand has a target to have six new funds with as much as S$10 billion ($7.4 billion) in assets under management by 2020, it said………………………………………..Full Article: Source

Sovereign wealth funds lead the way in long-term investing

Posted on 10 July 2015 by VRS  |  Email |Print

The advantages enjoyed by sovereign wealth funds have rarely mattered more than now in a capital market environment of low yields, mounting volatility, unexciting global economic growth and sub-par investment returns—nor have they contrasted more sharply with the prevailing transaction-oriented mentality.Patrick Thomson, global head of Sovereigns at JP Morgan Asset Management looks at the changing requirements in the long term space.
Long-term institutional investing, as practiced by the world’s leading sovereign wealth funds, enjoys large strategic advantages and a decisive tactical edge over investing with a shorter time horizon………………………………………..Full Article: Source

KIC warns of pulling investment from Elliott

Posted on 10 July 2015 by VRS  |  Email |Print

Korea Investment Corp. (KIC), the country’s sovereign-wealth fund, said it will withdraw investment in Elliott Associates if the fund acts in such a way as to hurt the national interest. “If Elliott acts only for short-term investment gains and hurts the national interest, KIC will consider pulling its investment from the hedge fund,” a KIC executive said, Thursday.
He said KIC, which has about $85 billion in assets, has invested in the hedge fund since 2010. KIC has invested $2.6 billion in 20 different hedge funds, KIC said. It has so far invested about $50 million in the U.S. hedge fund with the profit margin reaching 40 percent………………………………………..Full Article: Source

Temasek participates in $2b Didi Kauidi funding round

Posted on 10 July 2015 by VRS  |  Email |Print

Temasek Holdings has participated in a $2 billion funding round in mainland Chinese Uber competitor Didi Kuaidi, which is present in more than 300 cities. This round of funding includes prior investors Alibaba Group and Tencent Holdings, as well as domestic funds Ping An Ventures and Capital International Equity fund.
The other international fund investing alongside Temasek Holdings is New York-based Coatue Management. Both firms are also investors in Singapore-based taxi booking service Grabtaxi. According to the official statements, capital from this round will be invested in research & development of their product, as well as financing subsidy incentives for drivers………………………………………..Full Article: Source

South Korean Sovereign Fund Is Invested in Samsung Opponent

Posted on 09 July 2015 by VRS  |  Email |Print

Korea Investment Corp., which has $85 billion in assets, invested money with Elliott Associates LP in October 2010, according to one of these people. The backing of South Korea’s state investment fund complicates the picture given by some in South Korea of Elliott as an outsider working against the national interest.
KIC’s investment means that it would stand to gain if Elliott profits from its recent investments in at least three Samsung Group companies, including construction-and-trading company Samsung C&T Corp., in which it has a 7.1% stake………………………………………..Full Article: Source

Temasek Zones in on Biotech, Consumer Stocks to Broaden Assets

Posted on 09 July 2015 by VRS  |  Email |Print

Temasek Holdings Pte is shaking up its asset mix with a push into biotechnology and consumer companies that stand to benefit from aging populations and increasing disposable incomes.
Singapore’s state-investment firm singled out life sciences and agriculture as well as consumer goods among the top three industries it allocated money to in the fiscal year ended March 31, helping its portfolio value reach a record. It added assets in U.S. pharmaceutical firm Gilead Sciences Inc, Indian drugmaker Intas Pharmaceuticals Ltd, and health and beauty retailer A.S. Watson during that period………………………………………..Full Article: Source

Temasek Holdings Global Portfolio Reaches Record US$194 Billion

Posted on 09 July 2015 by VRS  |  Email |Print

Singapore state investment giant Temasek Holdings said Tuesday its global portfolio reached a record S$266 billion (US$194 billion) in the year to March, driven by rise in global equities. The value of its holdings increased 19 percent from the previous fiscal year’s S$223 billion and is more than double its portfolio of S$103 billion 10 years ago, the company said in its annual report.
Net profit was S$14.5 billion from S$10.9 billion last year, said Temasek, one of the world’s biggest state-linked investment vehicles whose whose holdings include top global brands such as banking firm Standard Chartered, Singapore Airlines and Spanish energy giant Repsol………………………………………..Full Article: Source

Temasek pumps $30 bln into new investments

Posted on 09 July 2015 by VRS  |  Email |Print

In its busiest year since the 2008 financial crisis, Temasek Holdings made $30 billion new investments and stepped up divestments to an all-time high of $19 billion. Temasek did this while global stock markets were still rallying to lock in gains for its financial year ended March 31.
Equities make up the bulk of the Singapore investment company’s portfolio, which had a net value of $266 billion, up $43 billion from the record high a year earlier. One-year shareholder return was 19.2 per cent. About half of its new investments was in growing Asia, and 43 per cent in the mature markets of North America and Europe, where it expects an economic recovery………………………………………..Full Article: Source

Saudis to invest $10 billion in Russian Federation despite Western sanctions

Posted on 09 July 2015 by VRS  |  Email |Print

Saudi Arabia plans to invest up to $10 billion in Russian Federation over the next five years in the latest bid by the kingdom to endear itself to a traditional energy rival. Saudi Arabia’s Public Investment Fund (PIF) signed a deal on Monday with the Russian Direct Investment Fund (RDIF) to invest $10bn in the country, in a possible sign of rapprochement.
The prince visited St. Petersburg with a large delegation during the economic forum and took part in President Vladimir Putin’s meeting with global investment fund heads. Seven projects have already received preliminary approval, with a total of 10 likely to be green-lighted by the end of the year, Dmitriyev said. PIF expressed interest in investing in agriculture, medicine, retail, logistics and real estate, says Dmitriev………………………………………..Full Article: Source

India invites Kazakh sovereign wealth fund to invest in manufacturing

Posted on 08 July 2015 by VRS  |  Email |Print

Prime Minister Narendra Modi today invited resource-rich Kazakhstan’s sovereign wealth fund as well as businesses to invest in India’s renewable energy, manufacturing and smart city project. He said businessmen of both the countries can work together in space, cyber security, health and infrastructure, stressing that India-Kazakhstan partnership is a “win-win situation”.
Modi, who is on a visit to Central Asia and Russia, made these comments while addressing a round-table interaction with CEOs and business leaders of Kazakhstan and India. “I believe the sovereign wealth fund and your companies can invest in these sector. They have scope for manufacturing sector which is a big requirement for India,” he said. ……………………………………….Full Article: Source

CIC eyes direct investments in the US and Europe

Posted on 08 July 2015 by VRS  |  Email |Print

China’s sovereign wealth fund is targeting infrastructure and real estate investments in the US and Europe as part of a long-term strategy being developed for its newly established subsidiary, says the fund’s chief executive.
China Investment Corporation (CIC) grew its total assets 14.3% last year to $746.7 billion, a rise of $93 billion from the $653.2 billion total in 2013. The fund’s investment return for the year was a rather modest 5.47%, down from 2013’s 9.33% and 2012’s 10.6%. The annualised return since inception in September 2007 is 5.66%, according to CIC’s annual report released on July……………………………………….Full Article: Source

Singapore’s giant wealth fund still bullish on China

Posted on 08 July 2015 by VRS  |  Email |Print

Singapore’s sovereign wealth fund Temasek is sticking with its bets on China, looking past recent volatility to gradually increase its exposure. “We remain confident in the long term prospects of the Chinese economy,” Wu Yibing, head of China investments at the 266 billion Singapore dollar ($196.09 billion) fund, said at the press conference announcing the fiscal year results.
“The Chinese government is determined to foster the Chinese capital market into one of the most important capital markets in the world and we believe in that, as well that the Chinese economy would become one of the most important economies in the world.”……………………………………….Full Article: Source

Temasek portfolio value hits record high

Posted on 08 July 2015 by VRS  |  Email |Print

The state investment firm’s net portfolio value rose S$43 billion to a record S$266 billion for the financial year ending Mar 31. Temasek Holdings on Tuesday (Jul 7) announced its performance for the financial year ending Mar 31, during which its net portfolio value rose S$43 billion to a record S$266 billion.
The amount is more than double the firm’s portfolio value of S$103 billion a decade ago. Total shareholder return, which also measures the compounded annual returns to the Singapore Government, was 19.2 per cent – the highest in five years – on the back of strong performance in its Singapore and China portfolios. The firm’s net profit for the year ending Mar 31 was S$14.5 billion, up from S$11 billion the year before………………………………………..Full Article: Source

Temasek Assets Rise to Record as It Boosts Global Investments

Posted on 08 July 2015 by VRS  |  Email |Print

Temasek Holdings Pte’s assets jumped to an all-time high as the Singapore state-investment firm increased investments in developed markets and broadened those in China as global equity markets gained.
The value of Temasek’s holdings increased 19 percent to a record S$266 billion ($197 billion) in the 12 months to March 31, from S$223 billion in the previous year and more than double a decade ago, the firm said in its annual report Tuesday. It made S$30 billion of new investments, the highest in seven years, and a record S$19 billion of divestments, taking advantage of liquidity-driven market rallies………………………………………..Full Article: Source

Temasek reports 19.2% investment gain for fiscal year

Posted on 08 July 2015 by VRS  |  Email |Print

Temasek Holdings Pte., a Singapore-based sovereign wealth fund, reported the Singapore dollar value of its investment portfolio rose 19.2% to S$266 billion ($193.3 billion) for its fiscal year ended March 31. In U.S. dollar terms, Temasek reported a smaller 9% gain, reflecting the U.S. currency’s appreciation from roughly S$1.26 to S$1.37 over the year.
With the latest results, Temasek has gained an annualized 9.6% in Singapore dollar terms over the past three years, and 9% over the past 10. In U.S. dollar terms, meanwhile, the sovereign wealth fund’s gains have been 6% and 11%, respectively. Png Chin Yee, managing director, investment, at a news conference Tuesday, attributed the latest year’s gains to a strong year for the respective equity markets of Singapore and China — Temasek’s top two allocations………………………………………..Full Article: Source

Temasek pumps $30b into new investments

Posted on 08 July 2015 by VRS  |  Email |Print

In its busiest year since the 2008 financial crisis, Temasek Holdings made $30 billion new investments and stepped up divestments to an all-time high of $19 billion. Temasek did this while global stock markets were still rallying to lock in gains for its financial year ended March 31.
Equities make up the bulk of the Singapore investment company’s portfolio, which had a net value of $266 billion, up $43 billion from the record high a year earlier. One-year shareholder return was 19.2 per cent. About half of its new investments was in growing Asia, and 43 per cent in the mature markets of North America and Europe, where it expects an economic recovery………………………………………..Full Article: Source

Saudi Arabia puts big money in Russian economy

Posted on 08 July 2015 by VRS  |  Email |Print

The Russian news agency Sputnik has reported on an agreement signed between the Russian Direct Investment Fund [RDIF] and the Public Investment Fund of Saudi Arabia “to create a partnership to invest $10 billion into projects implemented in Russia.”
The report said the Saudi funds will be invested within 4-5 years starting from this year and that seven concrete projects are “currently in the final stage”. The majority of Saudi investment will be made on Russia’s agricultural projects, as well as on medicine, logistics and the retail and real estate sectors………………………………………..Full Article: Source

Saudi sovereign fund to invest $10bn in Russia

Posted on 07 July 2015 by VRS  |  Email |Print

Saudi Arabia’s sovereign wealth fund has agreed to invest $10bn in Russia, in a powerful sign of the rapprochement between Moscow and Riyadh. The Public Investment Fund signed a deal with the Russian Direct Investment Fund for the largest foreign direct investment yet in Russia, RDIF said late on Monday. “The first seven projects have received preliminary approval, and we expect to close 10 deals before the end of the year,” said Kirill Dmitriev, RDIF chief executive.
The deal, which was initiated with a memorandum of understanding during the St Petersburg Economic Forum last month, comes as Riyadh and Moscow are working to rebuild relations long plagued by the Russian government’s support for the regime of Bashar al-Assad in Syria………………………………………..Full Article: Source

Oil Fund of Azerbaijan practically stopped to deposit its funds abroad with exception of 4 Turkish banks

Posted on 07 July 2015 by VRS  |  Email |Print

The State Oil Fund of Azerbaijan (SOFAZ) has practically stopped to deposit its funds abroad with exception of four Turkish banks. According to the SOFAZ financial report for 2014 audited by PwC, last year SOFAZ’s deposits in foreign banks increased from AZN 841.559 million up to AZN 1.019 bn. At the same time, except a deposit in IBA-MOSCOW Bank LLC, all the funds were deposited only in 4 Turkish banks.
The deposit in Türkiye İş Bankası A.S. İstanbul has been increased from AZN 313.009 million up to AZN 355.036 million, the deposit in T.C. Ziraat Bankası A.S. – from AZN 131.158 up to AZN 309.158 million, in Akbank T.A.S, İstanbul - from AZN 109.228 million up to AZN 263.286 million, and in Türkiye Garanti Bankası AS decreased from AZN 209.095 million to AZN 84.243 million………………………………………..Full Article: Source

Singapore’s Temasek surfs worldwide rally as assets reach new high

Posted on 07 July 2015 by VRS  |  Email |Print

Temasek Holdings Pte rode a rally in global equities with a focus on developed markets that probably helped the Singapore state-owned investor’s assets reach a record. Assets at the firm, which releases results this week, may have increased 16 per cent to 18 per cent to as much as S$263 billion (RM740 billion) in the year to March 31, according to estimates by Institutional Investor’s Sovereign Wealth Center and CMC Markets.
That would be the biggest jump in assets in five years and surpass last year’s all-time high of S$223 billion. “They had a great year for their equity investments,” said Nicholas Teo, a Singapore-based strategist at CMC Markets who has been following Temasek’s annual results over the last 10 years. “It shows how aggressive their investment style is compared to other state investors.”……………………………………….Full Article: Source

Temasek Holdings raises portfolio value to S$195b via equities

Posted on 07 July 2015 by VRS  |  Email |Print

Temasek Holdings has benefited from a surge in the value of global equities focused on developed markets, raising the value of its portfolio by an estimated 16-18 per cent, to a value of S$263 billion ($195 billion) as of 31 March 2015, according a Bloomberg report.
This is based on assessments from by the Institutional Investor’s Sovereign Wealth Center and CMC Markets, distinguishing it as the largest jump in assets in the past five years and pushing it beyond the S$223 billion in value, seen in 2014………………………………………..Full Article: Source

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