Opalesque Sovereign Wealth Funds Briefing http://www.opalesque.com/SWF_Briefing Fri, 05 Feb 2016 00:21:44 +0000 http://wordpress.org/?v=2.5.1 en Norway’s massive wealth fund pulls out of 73 companies http://www.opalesque.com/SWF_Briefing/?p=19151 http://www.opalesque.com/SWF_Briefing/?p=19151#comments Fri, 05 Feb 2016 00:21:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19151 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19151>Article Link</a> Norway’s huge sovereign wealth fund, the world’s biggest, announced on Thursday it had sold out of 73 companies last year because their social or environmental policies could hurt profitability. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19151
Norway’s oil fund steps up pressure on multinationals http://www.opalesque.com/SWF_Briefing/?p=19150 http://www.opalesque.com/SWF_Briefing/?p=19150#comments Fri, 05 Feb 2016 00:21:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19150 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19150>Article Link</a> Norway’s $810bn oil fund has revealed that it voted against proposals from some of the world’s biggest companies — including Apple, General Electric and JPMorgan — as it stepped up its push for more responsible investing. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19150
Investors Can Sue Foreign Wealth Fund in US, Circuit Rules http://www.opalesque.com/SWF_Briefing/?p=19144 http://www.opalesque.com/SWF_Briefing/?p=19144#comments Fri, 05 Feb 2016 00:21:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19144 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19144>Article Link</a> The U.S. Court of Appeals for the Second Circuit has clarified the law on sovereign immunity for actions by a foreign nation’s commercial entity that take place outside of the United States but harm investors within the United States. Addressing an issue of first impression, the court held that a sovereign wealth fund of the Republic of Kazakhstan can be sued in the Southern District of New York because it made misrepresentations that had a “direct effect” in the United States. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19144
The world’s largest sovereign wealth fund just announced a groundbreaking human rights policy http://www.opalesque.com/SWF_Briefing/?p=19149 http://www.opalesque.com/SWF_Briefing/?p=19149#comments Fri, 05 Feb 2016 00:21:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19149 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19149>Article Link</a> Norway’s pension fund, the world’s largest sovereign wealth fund, has made it clear that it expects companies to respect human rights in all of their operations and across their entire supply chains. Norway’s pension fund, the world’s largest sovereign wealth fund, has made it clear that it expects companies to respect human rights in all of their operations and across their entire supply chains. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19149
UK: Create Sovereign Wealth Fund for Renewables Support, Calls Industry http://www.opalesque.com/SWF_Briefing/?p=19148 http://www.opalesque.com/SWF_Briefing/?p=19148#comments Fri, 05 Feb 2016 00:20:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19148 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19148>Article Link</a> For renewables to be a commercial success and a sustained contributor to the UK’s energy mix, subsidy support needs to be delivered by the creation of a Sovereign Wealth Fund, agreed key stakeholders at a roundtable event hosted by environmental PR specialist, Prova. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19148
Temasek arm expects to build Rs 6,000 crore mortgage book in India http://www.opalesque.com/SWF_Briefing/?p=19147 http://www.opalesque.com/SWF_Briefing/?p=19147#comments Fri, 05 Feb 2016 00:20:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19147 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19147>Article Link</a> Fullerton India Credit Co Ltd (FICCL), an arm of Singapore’s state-run investment fund Temasek Holdings expects to build a Rs 5,000 crore to Rs 6,000 crore mortgage book in India in the next five years by lending to people in small towns and villages. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19147
Indian FM pitches investment scope in infra, railways to sovereign funds http://www.opalesque.com/SWF_Briefing/?p=19146 http://www.opalesque.com/SWF_Briefing/?p=19146#comments Fri, 05 Feb 2016 00:20:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19146 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19146>Article Link</a> India’s Finance Minister Arun Jaitley on Thursday met sovereign wealth funds from Singapore and the UAE while highlighting investment opportunities in sectors such as roads, railways, oil and gas. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19146
Foreign hand to aid Indian infrastructure http://www.opalesque.com/SWF_Briefing/?p=19145 http://www.opalesque.com/SWF_Briefing/?p=19145#comments Fri, 05 Feb 2016 00:20:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19145 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19145>Article Link</a> In what could give a leg-up to the country’s efforts to find the elusive equity capital for its mammoth plans for infrastructure creation, at least four global sovereign wealth funds including the Abu Dhabi Investment Authority (ADIA), Singapore’s Temasek and Russian Direct Investment Fund have evinced interest in its National Infrastructure and Investment Fund. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19145
U.S. appeals court limits fraud shield for sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=19143 http://www.opalesque.com/SWF_Briefing/?p=19143#comments Thu, 04 Feb 2016 00:25:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19143 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19143>Article Link</a> Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in the United States by making misleading statements outside the country, the federal appeals court in Manhattan ruled. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19143
Falling commodity prices should not weaken SWF drive http://www.opalesque.com/SWF_Briefing/?p=19142 http://www.opalesque.com/SWF_Briefing/?p=19142#comments Thu, 04 Feb 2016 00:25:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19142 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19142>Article Link</a> The continuous fall in oil and commodity prices has given shivers to most of Africa’s policy makers in terms of revenue collections and this has led many to question the need of a Sovereign Wealth Funds (SWF) when revenues are low. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19142
Abu Dhabi to shift $27B out of sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=19141 http://www.opalesque.com/SWF_Briefing/?p=19141#comments Thu, 04 Feb 2016 00:25:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19141 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19141>Article Link</a> Abu Dhabi, facing huge budget deficits, will likely transfer as much as $27 billion out of its sovereign wealth fund – the Abu Dhabi Investment Authority – into the government treasury, according to a report by Fitch Ratings. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19141
Abu Dhabi sovereign wealth fund assets to fall by 5% by end-2016 – Fitch http://www.opalesque.com/SWF_Briefing/?p=19140 http://www.opalesque.com/SWF_Briefing/?p=19140#comments Thu, 04 Feb 2016 00:25:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19140 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19140>Article Link</a> The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is expected to see its assets decline by just over 5 percent this year as the UAE capital attempts to balance its books on the back of the oil price slide. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19140
India wants to leverage NIIF equity to boost infrastructure http://www.opalesque.com/SWF_Briefing/?p=19139 http://www.opalesque.com/SWF_Briefing/?p=19139#comments Thu, 04 Feb 2016 00:24:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19139 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19139>Article Link</a> How much can Rs 20,000 crore be leveraged to raise more equity? Through an appropriate yet conservative structure, say experts, about 10 times or roughly Rs 2 lakh crore. Sprinkle it a bit thin, and it could be multiplied to over Rs 4 lakh crore. That is the kind of multiplier structure that the Narendra Modi-led NDA government is plotting through the National Infrastructure Investment Fund (NIIF), to obtain the maximum bang out what it can spare from its budget resources, realising that India’s infrastructure development needs more equity or risk capital. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19139
SOFAZ refuses to transfer its gold reserves into other assets http://www.opalesque.com/SWF_Briefing/?p=19138 http://www.opalesque.com/SWF_Briefing/?p=19138#comments Thu, 04 Feb 2016 00:24:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19138 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19138>Article Link</a> Azerbaijan’s state oil fund SOFAZ is not planning to transfer its gold reserves into other assets. SOFAZ buys gold not for the sake of purchase or other speculative purposes but for strategic purposes, the Fund told Report. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19138
NIIF, Rusnano sign MoU to invest in high technology projects http://www.opalesque.com/SWF_Briefing/?p=19137 http://www.opalesque.com/SWF_Briefing/?p=19137#comments Wed, 03 Feb 2016 01:12:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19137 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19137>Article Link</a> India’s maiden sovereign wealth fund NIIF on Tuesday signed an agreement with Russia’s Rusnano OJSC to set up a fund that will invest in high technology projects in India. “NIIF signs MoU (Memorandum of Understanding) with Rusnano of Russia for setting up India-Russia High Technology Fund. NIIF fast taking shape,” economic affairs secretary Shaktikanta Das tweeted. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19137
SWFs, pension funds keen to invest in NIIF http://www.opalesque.com/SWF_Briefing/?p=19136 http://www.opalesque.com/SWF_Briefing/?p=19136#comments Wed, 03 Feb 2016 01:12:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19136 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19136>Article Link</a> The sovereign wealth funds of Singapore, Canada, Russia and Qatar along with several pension funds are said to be keen on participating in the National Investment and Infrastructure Fund, underscoring the growing interest in India as an investment destination with the global economy facing new headwinds. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19136
MBSB-Bank Muamalat merger talks aborted http://www.opalesque.com/SWF_Briefing/?p=19135 http://www.opalesque.com/SWF_Briefing/?p=19135#comments Wed, 03 Feb 2016 01:11:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19135 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19135>Article Link</a> Non-bank financial provider Malaysia Building Society Bhd (MBSB) has failed to strike a merger with Bank Muamalat Malaysia Bhd, its second botched merger attempt in recent times. Bank Muamalat is 70%-owned by DRB-Hicom, while Malaysia’s sovereign wealth fund Khazanah holds the remaining 30% interest. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19135
Singapore seizes bank accounts linked to Malaysia sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=19134 http://www.opalesque.com/SWF_Briefing/?p=19134#comments Wed, 03 Feb 2016 01:11:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19134 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19134>Article Link</a> The Singapore Commercial Affairs Department and the Monetary Authority of Singapore said Monday they have seized a “large number” of bank accounts linked to a money laundering investigation involving the Malaysia state investment fund 1MDB. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19134
Malaysia’s 1MDB Scandal: Case Not Closed With Ongoing International Probes http://www.opalesque.com/SWF_Briefing/?p=19133 http://www.opalesque.com/SWF_Briefing/?p=19133#comments Wed, 03 Feb 2016 01:11:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19133 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19133>Article Link</a> Investigations abroad continue to haunt the nation’s premier despite efforts to downplay the scandal at home. On February 1, the Commercial Affairs Department (CAD) and Monetary Authority of Singapore (MAS) announced that they had seized a “large number” of bank accounts over possible money-laundering offenses tied to debt-ridden state investment fund 1 Malaysia Development Berhad (1MDB). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19133
Abu Dhabi to Siphon Billions From ADIA for Debt, Fitch Predicts http://www.opalesque.com/SWF_Briefing/?p=19132 http://www.opalesque.com/SWF_Briefing/?p=19132#comments Wed, 03 Feb 2016 01:10:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19132 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19132>Article Link</a> Abu Dhabi Investment Authority’s assets will probably fall by billions of dollars by the end of this year as the emirate’s government taps its sovereign-wealth fund to bridge a deficit brought on by low petroleum prices, Fitch Ratings Ltd. said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19132
Sovereign Wealth Funds Showing Interests In Nigeria’s $25bn Infrastructural Fund http://www.opalesque.com/SWF_Briefing/?p=19131 http://www.opalesque.com/SWF_Briefing/?p=19131#comments Wed, 03 Feb 2016 01:10:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19131 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19131>Article Link</a> The Federal Government’s plan to raise a $25 billion Infrastructural Fund from the global community and establish long term bankable projects is gaining traction, Vice President, Prof. Yemi Osinbajo, has said.“We have seen considerable favorable interests from some sovereign wealth funds and other nations,” the VP said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19131
Will There Be Another Sovereign Wealth Selloff Wave? http://www.opalesque.com/SWF_Briefing/?p=19130 http://www.opalesque.com/SWF_Briefing/?p=19130#comments Wed, 03 Feb 2016 01:10:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19130 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19130>Article Link</a> Macroeconomists, asset manager CEOs, market pundits and media commentators expressed concern about wealth funds and their current impact on global equity markets. However, the selling by commodity-based funds, specifically in the wealthy GCC region, started in the midst of 2015. Funds such as Mubadala Development Co and the Qatar Investment Authority (QIA) were looking to sell off non-core assets to shore up cash and improve profits. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19130
Sovereign funds drive turbulent trading http://www.opalesque.com/SWF_Briefing/?p=19129 http://www.opalesque.com/SWF_Briefing/?p=19129#comments Wed, 03 Feb 2016 01:09:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19129 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19129>Article Link</a> Oil-rich Kazakhstan has raided its SWF. Asset managers have blamed outflows from sovereign wealth funds for one of the worst starts to the year for markets. The collapse in the price of oil resulted in state-backed investment vehicles becoming “forced sellers”. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19129
Sovereign wealth funds drive turbulent trading http://www.opalesque.com/SWF_Briefing/?p=19128 http://www.opalesque.com/SWF_Briefing/?p=19128#comments Tue, 02 Feb 2016 00:57:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19128 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19128>Article Link</a> Asset managers have blamed outflows from sovereign wealth funds for one of the worst starts to the year for markets. The collapse in the price of oil resulted in state-backed investment vehicles becoming “forced sellers”. The year began with a sharp drop in equity markets. UK and US stocks fell almost 10 per cent in the first few weeks of 2016 and emerging markets were hit even harder. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19128
10 things you probably don’t know about sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=19127 http://www.opalesque.com/SWF_Briefing/?p=19127#comments Tue, 02 Feb 2016 00:57:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19127 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19127>Article Link</a> Sovereign wealth funds are massive investment vehicles with trillions of dollars in assets. However, these wealth giants are little known and less understood than other types of investments vehicles. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19127
Selling By Sovereign Wealth Funds is a Huge Headwind for Stocks http://www.opalesque.com/SWF_Briefing/?p=19126 http://www.opalesque.com/SWF_Briefing/?p=19126#comments Tue, 02 Feb 2016 00:57:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19126 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19126>Article Link</a> Market watchers continue to voice concern about sovereign wealth funds and their potential to impact global equity markets in 2016. SWFs, government-owned investment pools, sopped up petrodollars when oil prices were north of $100 a barrel. In turn, this money was pumped money into funds run by the world’s biggest asset managers. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19126
Future Fund develops teams to match complex markets http://www.opalesque.com/SWF_Briefing/?p=19125 http://www.opalesque.com/SWF_Briefing/?p=19125#comments Tue, 02 Feb 2016 00:57:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19125 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19125>Article Link</a> The Future Fund is focusing on building its internal capabilities to better handle increasing complexities in financial markets. Hiring has gone ahead across the organisation to ensure its investment functions are resourced to be nimble in identifying and taking up opportunities in niche areas (reflecting the competition for good investment opportunities) and in support functions, which are needed to implement investments. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19125
Future Fund of Australia allocated $100m+ to ILS in 2015 http://www.opalesque.com/SWF_Briefing/?p=19124 http://www.opalesque.com/SWF_Briefing/?p=19124#comments Tue, 02 Feb 2016 00:56:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19124 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19124>Article Link</a> Australia’s sovereign wealth investment organisation The Future Fund made a $100m+ allocation to insurance-linked securities (ILS), such as catastrophe bonds and collateralized reinsurance, through its mandate with Elementum Advisors in 2015. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19124
Singapore seizes bank accounts as part of 1MDB probe http://www.opalesque.com/SWF_Briefing/?p=19123 http://www.opalesque.com/SWF_Briefing/?p=19123#comments Tue, 02 Feb 2016 00:56:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19123 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19123>Article Link</a> Singapore has seized a large number of bank accounts in recent months as part of an investigation into possible money-laundering linked to Malaysian state investment fund 1Malaysia Development Berhad (1MDB), authorities said on Monday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19123
Norway wealth fund aims to keep outpacing global markets, chief says http://www.opalesque.com/SWF_Briefing/?p=19122 http://www.opalesque.com/SWF_Briefing/?p=19122#comments Tue, 02 Feb 2016 00:56:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19122 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19122>Article Link</a> Norway’s $810-billion sovereign wealth fund, the world’s largest, will continue its bid to outperform global markets despite the added risks involved, the central bank official supervising the fund told Reuters. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19122
Analysis: Norway’s Government Pension Fund Global http://www.opalesque.com/SWF_Briefing/?p=19121 http://www.opalesque.com/SWF_Briefing/?p=19121#comments Tue, 02 Feb 2016 00:56:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19121 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19121>Article Link</a> A greater focus on real assets through the introduction of an unlisted infrastructure portfolio, and the expansion of the real estate exposure of Norway’s NOK7.1trn (€733bn) sovereign wealth fund, could soon bring to an end one of the great certainties among asset owners – the Government Pension Fund Global’s stable, almost static asset allocation. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19121
Niam raises EUR800m for opportunistic Nordic real estate fund http://www.opalesque.com/SWF_Briefing/?p=19120 http://www.opalesque.com/SWF_Briefing/?p=19120#comments Tue, 02 Feb 2016 00:55:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19120 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19120>Article Link</a> Nordic investment manager Niam has raised €800m ($870m) for its latest opportunity fund. The Stockholm-based private equity firm completed the final close for its sixth opportunistic property fund, Niam Nordic VI. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19120
Iran’s $100 billion ‘fully released’ http://www.opalesque.com/SWF_Briefing/?p=19119 http://www.opalesque.com/SWF_Briefing/?p=19119#comments Tue, 02 Feb 2016 00:55:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19119 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19119>Article Link</a> The government says Iran can now access more than $100 billion in frozen assets after the implementation of a nuclear agreement last month. “These assets have fully been released and we can use them,” Government spokesman Mohammad-Baqer Nobakht said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19119
Sovereign wealth funds sell stocks http://www.opalesque.com/SWF_Briefing/?p=19118 http://www.opalesque.com/SWF_Briefing/?p=19118#comments Tue, 02 Feb 2016 00:54:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19118 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19118>Article Link</a> With tax revenues plunging in oil-producing countries, some asset managers are putting part of the blame for January’s stock selloff at the foot of sovereign wealth funds - forced to sell equities to make up government budget shortfalls. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19118
China wealth fund eyes Thai stake http://www.opalesque.com/SWF_Briefing/?p=19117 http://www.opalesque.com/SWF_Briefing/?p=19117#comments Mon, 01 Feb 2016 03:42:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19117 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19117>Article Link</a> China has expressed interest in investing in the Thailand Future Fund (TFF), according to Finance Minister Apisak Tantivorawong. The interest comes from the China Investment Corporation (CIC), a sovereign wealth fund responsible for managing part of China’s foreign exchange reserves. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19117
NZ Super Fund keeps $200mn reinsurance allocation stable in 2015 http://www.opalesque.com/SWF_Briefing/?p=19116 http://www.opalesque.com/SWF_Briefing/?p=19116#comments Mon, 01 Feb 2016 03:42:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19116 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19116>Article Link</a> The New Zealand Super Fund kept its reinsurance allocation steady at about $200mn in the financial year to 30 June 2015. The sovereign wealth fund yesterday (27 January) reported a 6.5 percent gain over the 2015 calendar year, taking its total portfolio to NZ$29.5bn ($19.2bn). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19116
Malaysia PM haunted by $4bn wealth fund inquiry http://www.opalesque.com/SWF_Briefing/?p=19115 http://www.opalesque.com/SWF_Briefing/?p=19115#comments Mon, 01 Feb 2016 03:42:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19115 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19115>Article Link</a> The financial scandal engulfing Najib Razak, Malaysia’s prime minister, flared up after the Swiss authorities said that they were investigating the alleged embezzlement of $4 billion (£2.8 billion) from a state company he set up. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19115
Switzerland names the companies ‘linked to 1MDB scandal’ http://www.opalesque.com/SWF_Briefing/?p=19114 http://www.opalesque.com/SWF_Briefing/?p=19114#comments Mon, 01 Feb 2016 03:41:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19114 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19114>Article Link</a> The Swiss attorney general’s announcement that $4 billion may have been misappropriated from Malaysian state-owned companies opened a new front in the troubles facing 1Malaysia Development Bhd., or 1MDB, the state-investment fund set up by Prime Minister Najib Razak in 2009. Switzerland’s top prosecutor on Friday named a number of firms in Malaysia, Saudi Arabia and Abu Dhabi in relation to the matter, but gave no details of their roles, if any. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19114
Switzerland Investigates Into Alleged Violations of Law by Malaysian Fund http://www.opalesque.com/SWF_Briefing/?p=19113 http://www.opalesque.com/SWF_Briefing/?p=19113#comments Mon, 01 Feb 2016 03:41:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19113 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19113>Article Link</a> Switzerland’s chief prosecutor asked Malaysian authorities for legal assistance in its investigation into possible violations of Swiss law by 1Malaysia Development Berhad (1MDB) wealth fund, prosecutor’s office said in a statement. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19113
Swiss Question Use of Malaysian Sovereign Fund Run by Prime Minister http://www.opalesque.com/SWF_Briefing/?p=19112 http://www.opalesque.com/SWF_Briefing/?p=19112#comments Mon, 01 Feb 2016 03:41:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19112 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19112>Article Link</a> Days after the prime minister of Malaysia was cleared of wrongdoing in an investigation into transfers of money into his bank accounts, the Swiss government announced Friday that it had found serious indications that funds had been misappropriated from Malaysian state-owned companies. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19112
Petrobras in sovereign fund’s spotlight on corruption fears http://www.opalesque.com/SWF_Briefing/?p=19111 http://www.opalesque.com/SWF_Briefing/?p=19111#comments Mon, 01 Feb 2016 03:41:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19111 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19111>Article Link</a> The world’s biggest sovereign wealth fund, Norway’s state pension fund, said Thursday it had placed Brazilian oil group Petrobras “under observation” because of corruption fears following a kickbacks scandal. The move means that the ethics council that advises the Norwegian central bank on the fund’s investments will follow developments closely, which could lead to the fund divesting its holding. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19111
Kazakh large fund’s new staff approved http://www.opalesque.com/SWF_Briefing/?p=19110 http://www.opalesque.com/SWF_Briefing/?p=19110#comments Mon, 01 Feb 2016 03:41:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19110 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19110>Article Link</a> The new staff of the board of the Kazakh Sovereign Wealth Fund Samruk-Kazyna joint-stock company has been approved, the Samruk-Kazyna Corporate Communications Department said Jan. 29. Umirzak Shukeyev retained his post of the chairman of the board. Kaur Baljeet was appointed managing director of strategy and portfolio management. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19110
Norway’s wealth fund may invest in emerging economies http://www.opalesque.com/SWF_Briefing/?p=19109 http://www.opalesque.com/SWF_Briefing/?p=19109#comments Mon, 01 Feb 2016 03:41:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19109 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19109>Article Link</a> Norway’s lawmakers are expected to grant the country’s $800 billion sovereign wealth fund a broader investment brief to better spread risk, the leader of the parliamentary finance committee said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19109
Norway’s parliament to back broader investment brief for wealth fund http://www.opalesque.com/SWF_Briefing/?p=19108 http://www.opalesque.com/SWF_Briefing/?p=19108#comments Mon, 01 Feb 2016 03:40:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19108 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19108>Article Link</a> Norway’s lawmakers are expected to grant the country’s $800 billion sovereign wealth fund a broader investment brief to better spread risk, the leader of the parliamentary finance committee said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19108
Arabian Gulf funds find Europe’s finest hotels still attractive as ever http://www.opalesque.com/SWF_Briefing/?p=19107 http://www.opalesque.com/SWF_Briefing/?p=19107#comments Mon, 01 Feb 2016 03:40:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19107 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19107>Article Link</a> Despite the tumbling prices of oil, sovereign wealth funds from the UAE, Qatar and Kuwait are continuing to pour billions of dirhams’ worth of investment into some of Europe’s finest ­hotels. About US$5.2 billion of cash from Middle East investors has found its way into hotels in the United Kingdom and mainland Europe over the last 24 months, according to the property broker CBRE. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19107
GCC Economic Council for managing sovereign funds http://www.opalesque.com/SWF_Briefing/?p=19106 http://www.opalesque.com/SWF_Briefing/?p=19106#comments Mon, 01 Feb 2016 03:40:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19106 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19106>Article Link</a> Many questions have been raised about the proper way to overcome the current economic crisis caused by the oil price decline in the global market. Each country in the GCC is presenting a solution that appears suitable, amid the absence of a unified strategy to help the organization as a whole, not only to surpass the current period but also to ensure not to get trapped in it in the future. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19106
Oil prices & the impact on Sovereign Wealth Funds - Libya as a case http://www.opalesque.com/SWF_Briefing/?p=19105 http://www.opalesque.com/SWF_Briefing/?p=19105#comments Mon, 01 Feb 2016 03:40:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19105 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19105>Article Link</a> The drop in oil prices in the last 12 months has taken markets and investors by surprise. State institutions such as Sovereign Wealth Funds (SWF) have been affected and state budgets have suffered. SWF will grow slowly and in many cases will see some of their assets declining in value or being liquidated to help with government budget deficits. State foreign exchange reserves will be affected as well. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19105
Dividend has a better future outside of the Alaska Permanent Fund http://www.opalesque.com/SWF_Briefing/?p=19104 http://www.opalesque.com/SWF_Briefing/?p=19104#comments Mon, 01 Feb 2016 03:39:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19104 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19104>Article Link</a> “The budget, the budget and the budget.” That’s how my colleague — Sen. Click Bishop — outlined the Alaska Legislature’s top three priories this year, and it’s easy to see why. Seventy-five percent of the state’s unrestricted general fund revenue comes from oil, a commodity whose price has seen a rapid drop from $105 per barrel just 19 months ago, down to below $35 per barrel today. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19104
Norway’s oil fund wary of corruption in Brazil firm http://www.opalesque.com/SWF_Briefing/?p=19103 http://www.opalesque.com/SWF_Briefing/?p=19103#comments Fri, 29 Jan 2016 01:10:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19103 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19103>Article Link</a> Norway’s state pension fund, the world’s biggest sovereign wealth fund, said on Thursday it had placed Brazilian oil group Petrobras “under observation” because of corruption fears following a kickbacks scandal. The move means that the ethics council that advises the Norwegian central bank on the fund’s investments will follow developments closely, which could lead to the fund divesting its holding. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19103
Norway wealth fund’s ethics watchdog probing 14 corruption cases http://www.opalesque.com/SWF_Briefing/?p=19102 http://www.opalesque.com/SWF_Briefing/?p=19102#comments Fri, 29 Jan 2016 01:10:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19102 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19102>Article Link</a> The ethics watchdog for Norway’s $800 billion sovereign wealth fund, the world’s largest, is stepping up its scrutiny of companies the fund invests in to make sure they are not involved in corruption, an official at the watchdog told Reuters. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19102
Norway accepts hostile takeover by Vonovia http://www.opalesque.com/SWF_Briefing/?p=19101 http://www.opalesque.com/SWF_Briefing/?p=19101#comments Fri, 29 Jan 2016 01:09:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19101 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19101>Article Link</a> Norway said its $800billion sovereign wealth fund has accepted Vonovia’s hostile takeover bid for rival Deutsche Wohen. The fund holds 4.6% of the shares in Vonovia and 6.9% in Deutsche Wohen. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19101
Norway’s oil wealth is an enviable nest egg in hard times http://www.opalesque.com/SWF_Briefing/?p=19100 http://www.opalesque.com/SWF_Briefing/?p=19100#comments Fri, 29 Jan 2016 01:09:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19100 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19100>Article Link</a> When times get tough, it never hurts to have €700bn stashed away like Norway does in the world’s biggest sovereign wealth fund, to cushion the blow of plunging oil prices. Oslo has prudently tucked away most of its oil money since the 1990s in order to be able to finance its generous welfare state indefinitely. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19100
Should you follow the Future Fund into cash? http://www.opalesque.com/SWF_Briefing/?p=19099 http://www.opalesque.com/SWF_Briefing/?p=19099#comments Fri, 29 Jan 2016 01:09:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19099 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19099>Article Link</a> At the Future Fund’s quarterly portfolio update, the fund’s chairman and founder Peter Costello expressed his pride that the fund had been recognised by the Central Banking Journal as the sovereign investor of the year. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19099
China sovereign wealth fund joins $6.3 bln bid for Australia’s Asciano http://www.opalesque.com/SWF_Briefing/?p=19098 http://www.opalesque.com/SWF_Briefing/?p=19098#comments Fri, 29 Jan 2016 01:09:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19098 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19098>Article Link</a> Australian port operator Qube Holdings Ltd said on Thursday a Chinese sovereign wealth fund was taking part in its A$8.9 billion ($6.3 billion) bid for rail giant Asciano Ltd, potentially complicating regulatory approval amid a political backlash against Chinese investors. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19098
Australia-led group bids $6.3bn for logistics firm Asciano http://www.opalesque.com/SWF_Briefing/?p=19097 http://www.opalesque.com/SWF_Briefing/?p=19097#comments Fri, 29 Jan 2016 01:08:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19097 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19097>Article Link</a> An Australian-led consortium including a Chinese sovereign wealth fund bid US$6.30 billion for ports and rail operator Asciano Thursday, kicking off a bidding war with a Canadian asset manager. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19097
Are sovereign wealth funds big sellers in Indian stocks? http://www.opalesque.com/SWF_Briefing/?p=19096 http://www.opalesque.com/SWF_Briefing/?p=19096#comments Fri, 29 Jan 2016 01:08:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19096 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19096>Article Link</a> Are sovereign wealth funds (SWFs) big sellers in Indian stocks? The conventional answer to that question is a yes, but data points to another intriguing trend — the rising share of direct sovereign fund investments in India. Assets under management (AUM) of SWFs in Indian equities climbed 14% to Rs 1.74 lakh crore in December 2015 from Rs 1.53 lakh crore a year ago, data compiled by ETIG shows. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19096
Govt does not monitor Temasek, GIC’s investments in haze-linked firms: MOF http://www.opalesque.com/SWF_Briefing/?p=19095 http://www.opalesque.com/SWF_Briefing/?p=19095#comments Fri, 29 Jan 2016 01:08:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19095 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19095>Article Link</a> Mr Heng Swee Keat, Singapore’s Finance Minister, says that commercial decisions by GIC and Temasek Holdings are made independent of state involvement. The Government only monitors the performance of haze-linked companies that sovereign wealth fund GIC and investment firm Temasek Holdings have investments in, said finance minister Heng Swee Keat, and not their commercial decisions. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19095
SAMA’s net foreign assets reach SR2.283 trillion http://www.opalesque.com/SWF_Briefing/?p=19094 http://www.opalesque.com/SWF_Briefing/?p=19094#comments Fri, 29 Jan 2016 01:08:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19094 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19094>Article Link</a> Net foreign assets at Saudi Arabian Monetary Agency (SAMA) declined 3.1 percent in December from the previous month to SR2.283 trillion ($609 billion), the central bank announced. Assets dropped 15.9 percent from a year earlier to their lowest level since August 2012. They reached a record high of $737 billion in August 2014 before starting to shrink. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19094
Sainsbury’s likely to find support from Qatar Investment Authority for Home Retail Group bid http://www.opalesque.com/SWF_Briefing/?p=19093 http://www.opalesque.com/SWF_Briefing/?p=19093#comments Fri, 29 Jan 2016 01:07:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19093 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19093>Article Link</a> Qatar Investment Authority (QIA), which holds a 25% stake in Sainsbury’s, is believed to have backed the supermarket chain it revises its offer for the Home Retail Group acquisition. This backing from QIA seen as significant is important as the takeover process has to complete before 2 February, reported The Times newspaper. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19093
Sovereign Funds Vs. Asset Managers: The Big Picture http://www.opalesque.com/SWF_Briefing/?p=19092 http://www.opalesque.com/SWF_Briefing/?p=19092#comments Fri, 29 Jan 2016 01:07:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19092 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19092>Article Link</a> A number of asset managers who focus on institutional investors such as commodity-based sovereign wealth funds have been ravaged with redemptions. The rapid descent of oil prices flummoxed wealth fund chiefs. In response to the oil glut, the money management spigot for investment managers running listed equity strategies has slowed. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19092