Opalesque Sovereign Wealth Funds Briefing http://www.opalesque.com/SWF_Briefing Wed, 16 May 2012 11:41:37 +0000 http://wordpress.org/?v=2.5.1 en Hong Kong: Leung wealth fund plan gets backing http://www.opalesque.com/SWF_Briefing/?p=11123 http://www.opalesque.com/SWF_Briefing/?p=11123#comments Wed, 16 May 2012 04:01:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11123 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11123>Article Link</a> post thumbnail

Leung Chun-yingChief Executive-designate Leung Chun-ying’s proposal to set up a “sovereign wealth fund” would help stabilize the SAR financial market and facilitate the government’s long-term investment plan, according to a top banker. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11123 Politicians mulling Temasek-style Hong Kong SWF http://www.opalesque.com/SWF_Briefing/?p=11122 http://www.opalesque.com/SWF_Briefing/?p=11122#comments Wed, 16 May 2012 04:01:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11122 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11122>Article Link</a> There is talk among politicians that Hong Kong is thinking of creating a sovereign wealth fund that is a strategic sovereign wealth fund similar to Singapore’s Temasek Holdings. The fund could assist in bringing stability to the Hong Kong market and help with the government’s long-term investment plans. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11122 Samruk to consider exiting BTA following the 2nd debt restructuring http://www.opalesque.com/SWF_Briefing/?p=11121 http://www.opalesque.com/SWF_Briefing/?p=11121#comments Wed, 16 May 2012 04:01:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11121 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11121>Article Link</a> Samruk Kazyna Sovereign Wealth Fund will consider exiting the BTA Bank’s ownership structure after the second debt restructuring has been finalized, the Fund’s Director for Financial Assets Management Mr. Aidar Ryskulov said May 15 at the annual Fitch Ratings conference in Astana, KazTag Agency reports. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11121 West Australian government dismisses wealth fund criticism http://www.opalesque.com/SWF_Briefing/?p=11120 http://www.opalesque.com/SWF_Briefing/?p=11120#comments Wed, 16 May 2012 04:00:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11120 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11120>Article Link</a> The West Australian government has dismissed a report claiming the state cannot afford a Norway-style sovereign wealth fund - just as it prepares to unveil its own. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11120 Wealth fund would ’straightjacket’ WA http://www.opalesque.com/SWF_Briefing/?p=11119 http://www.opalesque.com/SWF_Briefing/?p=11119#comments Wed, 16 May 2012 04:00:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11119 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11119>Article Link</a> Western Australia cannot afford a sovereign wealth fund and will be financially straightjacketed if it is introduced by the Colin Barnett-led government, the state’s peak business lobby group says. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11119 Qatar builds $3bln stake in Germany’s Siemens http://www.opalesque.com/SWF_Briefing/?p=11118 http://www.opalesque.com/SWF_Briefing/?p=11118#comments Wed, 16 May 2012 04:00:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11118 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11118>Article Link</a> The Gulf state of Qatar accumulated a small stake in Siemens, Germany’s most valuable company, worth roughly 2.4 billion euros ($3.08 billion), adding to the natural gas-rich country’s portfolio of minority investments around the world. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11118 Western Australia can’t afford wealth fund: Business http://www.opalesque.com/SWF_Briefing/?p=11117 http://www.opalesque.com/SWF_Briefing/?p=11117#comments Tue, 15 May 2012 02:45:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11117 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11117>Article Link</a> post thumbnail

John NicolaouWestern Australia cannot afford a sovereign wealth fund and will be financially straightjacketed if it is introduced by the Colin Barnett-led government, the state’s peak business lobby group says. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11117 Australia: CCI wants infrastructure, not future fund http://www.opalesque.com/SWF_Briefing/?p=11116 http://www.opalesque.com/SWF_Briefing/?p=11116#comments Tue, 15 May 2012 02:45:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11116 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11116>Article Link</a> post thumbnail

Christian PorterEnsuring the State squeezes the most out of the mining boom by investing in ports and roads should be the Government’s priority rather than a future fund, WA’s main business lobby group says. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11116 Royalties cash for future fund http://www.opalesque.com/SWF_Briefing/?p=11115 http://www.opalesque.com/SWF_Briefing/?p=11115#comments Tue, 15 May 2012 02:45:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11115 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11115>Article Link</a> The State Government will tap the Royalties for Regions scheme in Thursday’s Budget to help establish a separate fund for future generations. The move is seen as an attempt to deflect criticism it is not doing enough to spread the benefits of the boom. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11115 Largest S. Korea fund to seek more investment quota in China http://www.opalesque.com/SWF_Briefing/?p=11114 http://www.opalesque.com/SWF_Briefing/?p=11114#comments Tue, 15 May 2012 02:45:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11114 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11114>Article Link</a> South Korea’s National Pension Service, the country’s biggest investor, plans to seek approval to buy more yuan-denominated Chinese stocks after using up the initial quota of $100 million it received in March. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11114 ICD, Samsung Life Insurance ink MoU http://www.opalesque.com/SWF_Briefing/?p=11113 http://www.opalesque.com/SWF_Briefing/?p=11113#comments Tue, 15 May 2012 02:44:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11113 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11113>Article Link</a> Under the direction of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Investment Corporation of Dubai, or ICD, a sovereign wealth fund owned by the Government of Dubai, signed a memorandum of understanding on Monday with Samsung Life Insurance, or SLI, a South Korean-listed life insurer and part of the diversified Samsung group of companies, to form an alliance to explore international opportunities in the life insurance sector, with a strong focus in emerging markets. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11113 Invest AD, Paladin Capital to launch fund http://www.opalesque.com/SWF_Briefing/?p=11112 http://www.opalesque.com/SWF_Briefing/?p=11112#comments Tue, 15 May 2012 02:44:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11112 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11112>Article Link</a> Abu Dhabi-based investment company Invest AD and US private investment company Paladin Capital Group have established a private equity joint venture that will channel investments into the Middle East and North Africa (Mena) region and Turkey. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11112 Abu Dhabi SWF sets sights on UK airports http://www.opalesque.com/SWF_Briefing/?p=11111 http://www.opalesque.com/SWF_Briefing/?p=11111#comments Tue, 15 May 2012 02:43:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11111 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11111>Article Link</a> Abu Dhabi’s burgeoning footprint in the northern English city of Manchester could soon stretch from the football pitch to the runway. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11111 Arabtec denies reports on majority takeover by Abu Dhabi fund http://www.opalesque.com/SWF_Briefing/?p=11110 http://www.opalesque.com/SWF_Briefing/?p=11110#comments Tue, 15 May 2012 02:41:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11110 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11110>Article Link</a> The United Arab Emirates’ largest construction company by market value Arabtec Construction on Monday denied media reports that its shareholder Aabar, sovereign wealth fund from Abu Dhabi, has increased its stake in the firm to 53 percent. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11110 Azerbaijan’s $32bln fund eyes European real estate http://www.opalesque.com/SWF_Briefing/?p=11109 http://www.opalesque.com/SWF_Briefing/?p=11109#comments Tue, 15 May 2012 02:40:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11109 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11109>Article Link</a> The State Oil Fund of Azerbaijan, the nation’s sovereign wealth fund, plans to create a specialised structure for investing in real estate and to start allocating capital in the next 3-4 months. It will target some 5% of its $32bn in AUM primarily at European property. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11109 Nigeria to put $1 bln to work in sovereign fund http://www.opalesque.com/SWF_Briefing/?p=11108 http://www.opalesque.com/SWF_Briefing/?p=11108#comments Mon, 14 May 2012 04:54:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11108 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11108>Article Link</a> Ngozi Okonjo-IwealaNigeria’s $1 billion sovereign-wealth fund is set to start operating in the next few months, said the country’s finance minister Ngozi Okonjo-Iweala, in what would mark a crucial step to help the governement finance the revamping of its ramshackle roads and power grids. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11108 Nigeria: Transparency for the management of $1 bln SWF- Afripol http://www.opalesque.com/SWF_Briefing/?p=11107 http://www.opalesque.com/SWF_Briefing/?p=11107#comments Mon, 14 May 2012 04:54:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11107 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11107>Article Link</a> At the on-going World Economic Forum at Addis Ababa, Ethiopia the Nigerian minister of finance, Dr. Okonjo-Iweala spoke to Wall Street Journal on the country’s sovereign wealth fund (SWF). She confirmed that $1 Billion was withdrawn from Excess Crude Account and was used as seed money to establish Nigeria’s sovereign wealth fund. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11107 Qatar wealth fund buys stake in oil giant Shell http://www.opalesque.com/SWF_Briefing/?p=11106 http://www.opalesque.com/SWF_Briefing/?p=11106#comments Mon, 14 May 2012 04:54:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11106 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11106>Article Link</a> Gas-rich Qatar is ploughing more of its commodity wealth back into the sector with the purchase of a major stake in Royal Dutch Shell while also reportedly eyeing a chunk of Italian oil major ENI. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11106 Shell welcomes Qatar as a “major” investor http://www.opalesque.com/SWF_Briefing/?p=11105 http://www.opalesque.com/SWF_Briefing/?p=11105#comments Mon, 14 May 2012 04:54:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11105 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11105>Article Link</a> Royal Dutch Shell said it welcomed Qatar as a “major” investor following a report saying that the Gulf state’s sovereign wealth fund was planning to buy a 3-5 percent stake. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11105 Eni has no comment on Qatar stake buy report http://www.opalesque.com/SWF_Briefing/?p=11104 http://www.opalesque.com/SWF_Briefing/?p=11104#comments Mon, 14 May 2012 04:53:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11104 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11104>Article Link</a> Italian oil and gas group Eni declined to comment on a report that Qatar’s sovereign wealth fund was in negotiations to buy a stake in its capital, a spokeswoman said on Friday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11104 Dubai Investments posts 6.3pct rise in Q1 profit http://www.opalesque.com/SWF_Briefing/?p=11103 http://www.opalesque.com/SWF_Briefing/?p=11103#comments Mon, 14 May 2012 04:53:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11103 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11103>Article Link</a> Conglomerate Dubai Investments posted a 6.3 percent rise in quarterly net profit on Sunday and said the company was reviewing opportunities to divest some of its businesses. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11103 Abu Dhabi fund takes majority stake in Arabtec http://www.opalesque.com/SWF_Briefing/?p=11102 http://www.opalesque.com/SWF_Briefing/?p=11102#comments Mon, 14 May 2012 04:53:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11102 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11102>Article Link</a> Abu Dhabi fund Aabar Investments has raised its stake in Arabtec Holding to 53 percent, a market official said on Sunday, effectively taking control of Dubai’s largest builder after a failed $1.7 billion bid two years ago. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11102 Norway emerges as frontrunner to take GBP1.2bln stake in Meadowhall http://www.opalesque.com/SWF_Briefing/?p=11101 http://www.opalesque.com/SWF_Briefing/?p=11101#comments Mon, 14 May 2012 04:53:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11101 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11101>Article Link</a> The Norwegian sovereign wealth fund has emerged as the frontrunner to acquire a majority stake in Meadowhall in a deal that values the Sheffield shopping centre at £1.6bn. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11101 Cyprus: IMF expertise for gas wealth fund http://www.opalesque.com/SWF_Briefing/?p=11100 http://www.opalesque.com/SWF_Briefing/?p=11100#comments Mon, 14 May 2012 04:52:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11100 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11100>Article Link</a> The government has asked the International Monetary Fund (IMF) to carry out a study on setting up a hydrocarbons fund to manage the country’s gas wealth for future generations, Commerce Minister Neoclis Sylikiotis revealed. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11100 CIC targets a capital shift http://www.opalesque.com/SWF_Briefing/?p=11099 http://www.opalesque.com/SWF_Briefing/?p=11099#comments Fri, 11 May 2012 04:42:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11099 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11099>Article Link</a> China Investment Corp., the nation’s sovereign wealth fund, wants to shift more capital to emerging markets from the U.S. and Europe, where the economies are more mature and sometimes less welcoming of Chinese money, according to a top fund official. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11099 China gives up on Europe, will target Africa instead http://www.opalesque.com/SWF_Briefing/?p=11098 http://www.opalesque.com/SWF_Briefing/?p=11098#comments Fri, 11 May 2012 04:42:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11098 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11098>Article Link</a> That China has finally given up on Europe is no news (granted, however, it will make it more complicated for various European newspaper to make up articles alleging China will bail out Europe now that this is no longer the case): after all even the Norwegian sovereign wealth fund has finally learned its lesson, and having been burned enough times, has made it quite clear it will have nothing to do with Europe’s insolvent periphery. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11098 CIC stops buying Europe government debt on crisis concern http://www.opalesque.com/SWF_Briefing/?p=11097 http://www.opalesque.com/SWF_Briefing/?p=11097#comments Fri, 11 May 2012 04:42:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11097 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11097>Article Link</a> Gao Xiqing, president of China Investment Corp., said the nation’s sovereign wealth fund has stopped buying European government debt on concerns about the region’s financial turmoil. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11097 CIC eyes opportunities for European investment http://www.opalesque.com/SWF_Briefing/?p=11096 http://www.opalesque.com/SWF_Briefing/?p=11096#comments Fri, 11 May 2012 04:42:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11096 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11096>Article Link</a> The ongoing European debt crisis may have stopped China’s sovereign wealth fund from investing in government bonds from the continent, but it will seek other high-return projects there. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11096 Australia: Sovereign wealth fund ‘not needed’ http://www.opalesque.com/SWF_Briefing/?p=11095 http://www.opalesque.com/SWF_Briefing/?p=11095#comments Fri, 11 May 2012 04:41:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11095 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11095>Article Link</a> The Australian Government believes that a sovereign wealth fund is unnecessary. The May 2012 Budget papers argue that the superannuation system achieves the goal of increasing savings. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11095 Qatar Investment Authority seeks to build 10pct Xstrata stake http://www.opalesque.com/SWF_Briefing/?p=11094 http://www.opalesque.com/SWF_Briefing/?p=11094#comments Fri, 11 May 2012 04:41:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11094 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11094>Article Link</a> Qatar’s sovereign wealth fund plans to increase its stake in Xstrata Plc to at least 10 percent. Qatar is expected to continue building its stake, currently at 8.5 percent, to 10 percent and could go higher, people familiar with the matter are quoted as saying. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11094 Mubadala has $8bln committed capital ready for 2012 http://www.opalesque.com/SWF_Briefing/?p=11093 http://www.opalesque.com/SWF_Briefing/?p=11093#comments Fri, 11 May 2012 04:41:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11093 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11093>Article Link</a> Mubadala Development Company , the strategic investment firm owned by the Abu Dhabi government, amassed $8bn in capital commitment by the end of last year, and expects to deploy the majority of that this year, said a prospectus. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11093 Azerbaijani State Oil Fund announces assets increase forecasts http://www.opalesque.com/SWF_Briefing/?p=11092 http://www.opalesque.com/SWF_Briefing/?p=11092#comments Fri, 11 May 2012 04:41:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11092 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11092>Article Link</a> Over the next 10-15 years, the State Oil Fund’s (SOFAZ) assets will reach $ 200 billion, SOFAZ Chief Shahmar Movsumov said in an interview with The business year. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11092 Azeri oil shipping from Turkey’s Ceyhan port rose by 11.5pct in April http://www.opalesque.com/SWF_Briefing/?p=11091 http://www.opalesque.com/SWF_Briefing/?p=11091#comments Fri, 11 May 2012 04:40:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11091 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11091>Article Link</a> The State Oil Company of Azerbaijan (SOCAR) has announced next statistic data on Azeri oil export via main export pipeline Baku-Tbilisi-Ceyhan (BTC) named after Heydar Aliyev. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11091 Fed allows China state-owned fund and bank to buy a US bank http://www.opalesque.com/SWF_Briefing/?p=11090 http://www.opalesque.com/SWF_Briefing/?p=11090#comments Thu, 10 May 2012 04:30:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11090 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11090>Article Link</a> China’s foreign exchange reserves are going to include a New York bank in an unprecedented purchase approved Wednesday by the Federal Reserve. New York’s Bank of East Asia will be owned by China’s sovereign wealth fund CIC, which is responsible for managing part of the People’s Republic foreign exchange reserves, as well as by the state-owned Industrial and Commercial Bank of China. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11090 China sovereign wealth fund stops buying Europe debt http://www.opalesque.com/SWF_Briefing/?p=11089 http://www.opalesque.com/SWF_Briefing/?p=11089#comments Thu, 10 May 2012 04:30:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11089 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11089>Article Link</a> GaoXiqingChina Investment Corp. has stopped buying European government debt because of an economic crisis on the continent, though it continues to look for new investments there, said CIC President Gao Xiqing. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11089 CIC’s Gao: Still seeking new Europe investments http://www.opalesque.com/SWF_Briefing/?p=11088 http://www.opalesque.com/SWF_Briefing/?p=11088#comments Thu, 10 May 2012 04:29:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11088 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11088>Article Link</a> China Investment Corp. is still looking for new investments in Europe, although it is no longer buying European government debt in view of the region’s debt crisis, Bloomberg News reported Wednesday, citing CIC President Gao Xiqing. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11088 China cbank plans new $10bln forex reserve vehicle http://www.opalesque.com/SWF_Briefing/?p=11087 http://www.opalesque.com/SWF_Briefing/?p=11087#comments Thu, 10 May 2012 04:29:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11087 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11087>Article Link</a> China’s central bank plans to give $10 billion from its huge pile of foreign exchange reserves to a new entity to assist Chinese state firms invest abroad, four sources with direct knowledge of the matter said on Wednesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11087 Temasek’s triple personality bodes well for returns http://www.opalesque.com/SWF_Briefing/?p=11086 http://www.opalesque.com/SWF_Briefing/?p=11086#comments Thu, 10 May 2012 04:29:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11086 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11086>Article Link</a> Temasek is turning into a financial chimera. Where that mythical beast was part lion, goat and serpent, the Singaporean fund combines aspects of a hedge fund, private equity house and investment bank. That combination sounds good for returns, though it might not sit well with Temasek’s political ties. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11086 Vietnam: Sovereign fund to divest http://www.opalesque.com/SWF_Briefing/?p=11085 http://www.opalesque.com/SWF_Briefing/?p=11085#comments Thu, 10 May 2012 04:28:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11085 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11085>Article Link</a> The State Capital Investment Corporation (SCIC) has just published the list of 245 enterprises from which they will make capital divestment this year. Some are listed companies on the HCM City Stock Exchange, including entertainment services provider Royal International Corp (RIC) and An Giang Fisheries Import and Export (AGF). (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11085 Mubadala will spend Dh20.1bln to expand portfolio http://www.opalesque.com/SWF_Briefing/?p=11084 http://www.opalesque.com/SWF_Briefing/?p=11084#comments Thu, 10 May 2012 04:28:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11084 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11084>Article Link</a> Mubadala, the Abu Dhabi government’s investment vehicle, expects to spend about Dh20.1 billion ($5.47 billion) this year as its seeks to expand a diverse line of businesses ranging from oil and gas to semiconductors. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11084 EADS’ Gallois to be named French sovereign fund board member http://www.opalesque.com/SWF_Briefing/?p=11083 http://www.opalesque.com/SWF_Briefing/?p=11083#comments Thu, 10 May 2012 04:27:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11083 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11083>Article Link</a> Louis Gallois, French-born chief executive of European Aeronautic Defence & Space EADS NV, is likely to be named board member of French sovereign fund Fonds Strategique d’Investissement, or FSI, newspaper Les Echos reported Wednesday, citing unidentified sources. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11083 China State Construction signs $2 bln cooperation pact with Aabar Investments http://www.opalesque.com/SWF_Briefing/?p=11082 http://www.opalesque.com/SWF_Briefing/?p=11082#comments Wed, 09 May 2012 04:20:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11082 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11082>Article Link</a> China State Construction Engineering Corp. said Wednesday it has signed a memorandum of cooperation on the first phase of a real estate project worth $2 billion with Abu Dhabi sovereign-wealth fund Aabar Investments PJS and Industrial and Commercial Bank of China Ltd. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11082 Abu Dhabi unit taps Axa’s Florin for EM division http://www.opalesque.com/SWF_Briefing/?p=11081 http://www.opalesque.com/SWF_Briefing/?p=11081#comments Wed, 09 May 2012 04:20:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11081 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11081>Article Link</a> The Abu Dhabi Investment Authority, or ADIA, one of the world’s biggest sovereign wealth funds, Tuesday said it named Christophe Florin, a former executive at French insurance giant Axa, as head of emerging markets fund investments of ADIA’s private equity business. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11081 Abu Dhabi Investment Authority picks emerging markets private equity exec http://www.opalesque.com/SWF_Briefing/?p=11080 http://www.opalesque.com/SWF_Briefing/?p=11080#comments Wed, 09 May 2012 04:20:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11080 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11080>Article Link</a> Christophe Florin was named head of emerging markets fund investments within Abu Dhabi Investment Authority’s private equities department, spokesman Erik Portanger said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11080 S.Korea signs investment MOU with Abu Dhabi investment firm http://www.opalesque.com/SWF_Briefing/?p=11079 http://www.opalesque.com/SWF_Briefing/?p=11079#comments Wed, 09 May 2012 04:19:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11079 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11079>Article Link</a> South Korea has signed a memorandum of understanding with an Abu Dhabi-based investment company named “Invest AD” on joint investments in other countries. Invest AD is a sovereign wealth fund worth 520 million U.S. dollars that is owned by the Abu Dhabi government and invests in 30 Middle Eastern and African nations. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11079 Xstrata: Qatar Investment Authority raises stake to 8.04pct http://www.opalesque.com/SWF_Briefing/?p=11078 http://www.opalesque.com/SWF_Briefing/?p=11078#comments Wed, 09 May 2012 04:19:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11078 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11078>Article Link</a> Global diversified mining group Xstrata PlC said Tuesday that on May 4 Qatar Investment Authority, as owner of Qatar Holding LLC, acquired 6.38 million Ordinary shares in the company taking its shareholding to 241.47 million shares, or 8.04%. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11078 In muddle of Libya’s finances, billions go missing http://www.opalesque.com/SWF_Briefing/?p=11077 http://www.opalesque.com/SWF_Briefing/?p=11077#comments Wed, 09 May 2012 04:19:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11077 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11077>Article Link</a> In November last year, the NTC’s economy and finance committee, which provides oversight over the work of the interim government, submitted an internal report on the activities of the oil and finance ministries, the central bank and the sovereign wealth fund, the Libyan Investment Authority (LIA). (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11077 India: Sovereign bonds issue, Yes; sovereign fund, a big No http://www.opalesque.com/SWF_Briefing/?p=11076 http://www.opalesque.com/SWF_Briefing/?p=11076#comments Wed, 09 May 2012 04:18:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11076 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11076>Article Link</a> It speaks much for the kind of policy confusion in Delhi that we now are talking simultaneously about creating a sovereign fund to invest in assets abroad and a sovereign bond issue to borrow money abroad. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11076 Sovereign wealth firepower tops $5 trillion http://www.opalesque.com/SWF_Briefing/?p=11075 http://www.opalesque.com/SWF_Briefing/?p=11075#comments Tue, 08 May 2012 05:19:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11075 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11075>Article Link</a> post thumbnail

Abu Dhabi’s Sheikh Zayed Grand MosqueTotal assets in sovereign wealth funds exceeded $5 trillion at the end of last month for the first time, fuelled by oil and other commodities. According to research group Sovereign Wealth Fund Institute, the 59 funds it lists had total assets of $5,004bn. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11075 GIC-backed fund Nuvest aims to raise $1 bln by mid-2013 http://www.opalesque.com/SWF_Briefing/?p=11074 http://www.opalesque.com/SWF_Briefing/?p=11074#comments Tue, 08 May 2012 05:19:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11074 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11074>Article Link</a> Nuvest Capital aims to raise $1 billion by the first year of operations as its founder and Government of Singapore Investment Corp (GIC) veteran Aje Saigal looks to build his record outside the world’s eighth-largest sovereign wealth fund. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11074 Singapore’s Temasek investing $468mln in US LNG venture http://www.opalesque.com/SWF_Briefing/?p=11073 http://www.opalesque.com/SWF_Briefing/?p=11073#comments Tue, 08 May 2012 05:18:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11073 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11073>Article Link</a> Singapore’s Temasek Holdings Pte. Ltd. and private-equity firm RRJ Capital are teaming up again to invest in the U.S.’s natural gas boom. On Tuesday, Houston-based liquefied natural gas company Cheniere Energy Inc. said Temasek and RRJ will jointly invest US$468 million for the company to develop its Sabine Pass liquefaction project in Louisiana. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11073 India’s proposed SWF to invest in Australian coal assets http://www.opalesque.com/SWF_Briefing/?p=11072 http://www.opalesque.com/SWF_Briefing/?p=11072#comments Tue, 08 May 2012 05:18:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11072 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11072>Article Link</a> To boost Indian investment in Australia, miners and power companies are asking the government to establish a sovereign wealth fund, to be used to buy mines and build infrastructure. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11072 Dubai fund gives up control of Barneys http://www.opalesque.com/SWF_Briefing/?p=11071 http://www.opalesque.com/SWF_Briefing/?p=11071#comments Tue, 08 May 2012 05:18:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11071 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11071>Article Link</a> Dubai’s sovereign wealth fund has given up control of luxury retailer Barneys New York, dealing a blow to Istithmar World , the emirate’s investment arm which paid $942m for the high-end retailer in 2007. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11071 Nigeria: Stock exchange boss calls for SWF http://www.opalesque.com/SWF_Briefing/?p=11070 http://www.opalesque.com/SWF_Briefing/?p=11070#comments Tue, 08 May 2012 05:17:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11070 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11070>Article Link</a> The Nigerian Stock Exchange (NSE) can benefit from Nigeria’s Sovereign Wealth Fund (SWF) as access to it can help deepen and create stability at the market. This was part of the submission of the CEO of the NSE, Mr Oscar Onyema today at the House of Representatives ad-hoc committee probe of the capital market. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11070 State Oil Fund of Azerbaijan announces a 4-fold drop in yield of asset placement http://www.opalesque.com/SWF_Briefing/?p=11069 http://www.opalesque.com/SWF_Briefing/?p=11069#comments Tue, 08 May 2012 05:17:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11069 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11069>Article Link</a> The State Oil Fund of Azerbaijan (SOFAZ) has announced a 4-fold drop of yield in its assets placement. SOFAZ executive director Shahmar Movsumov stated in an interview with newspaper Respublika, the official organ of the Cabinet Ministers of Azerbaijan, that in 2005-9 yield in Fund’s assets placement was at 3.69% and in 2010-11 it dropped to 0.91%. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11069 Sovereign wealth funds: A nemesis to the financial crisis (Video) http://www.opalesque.com/SWF_Briefing/?p=11068 http://www.opalesque.com/SWF_Briefing/?p=11068#comments Tue, 08 May 2012 05:17:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11068 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11068>Article Link</a> The Deal Pipeline’s editor at large Matt Miller chats about the evolution of sovereign wealth funds since 2007, as well as their crucial relationship with PE. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11068 Norway dumps Ireland, Portugal bonds on Euro crisis concern http://www.opalesque.com/SWF_Briefing/?p=11067 http://www.opalesque.com/SWF_Briefing/?p=11067#comments Mon, 07 May 2012 05:02:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11067 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11067>Article Link</a> Yngve SlyngstadNorway’s sovereign wealth fund sold all its Irish and Portuguese government bonds after rejecting the Greek debt swap and warned that Europe faces considerable challenges. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11067 Norway fund dumps holdings from Europe’s trouble spots http://www.opalesque.com/SWF_Briefing/?p=11066 http://www.opalesque.com/SWF_Briefing/?p=11066#comments Mon, 07 May 2012 05:02:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11066 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11066>Article Link</a> Norway’s $600 billion sovereign wealth fund walked away from Europe’s struggling economies in the first quarter, dumping much of its holdings in battered euro zone government bonds. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11066 Norway SWF chief says sees investments in Middle East http://www.opalesque.com/SWF_Briefing/?p=11065 http://www.opalesque.com/SWF_Briefing/?p=11065#comments Mon, 07 May 2012 05:01:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11065 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11065>Article Link</a> Norway’s oil-backed sovereign wealth fund will allocate a bigger part of its investments to the Middle Eastern region going forward, the fund’s chief said on Friday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11065 India to hold a meet on May 9 on proposed Sovereign Fund http://www.opalesque.com/SWF_Briefing/?p=11064 http://www.opalesque.com/SWF_Briefing/?p=11064#comments Mon, 07 May 2012 05:01:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11064 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11064>Article Link</a> The government will hold a meeting on May 9 to decide on setting up of proposed Sovereign Fund of India that could be used, among other things, to buy overseas assets for the benefit of the state-owned companies. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=11064