Opalesque Sovereign Wealth Funds Briefing http://www.opalesque.com/SWF_Briefing Thu, 17 Apr 2014 02:24:48 +0000 http://wordpress.org/?v=2.5.1 en HKMA remains vigilant in ‘unstable’ environment http://www.opalesque.com/SWF_Briefing/?p=15091 http://www.opalesque.com/SWF_Briefing/?p=15091#comments Thu, 17 Apr 2014 02:24:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15091 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15091>Article Link</a> Hong Kong and emerging markets will likely face continued capital outflows given tapering by the US Federal Reserve and the gradual normalisation of interest rates from a very low level, the top official of the Hong Kong Monetary Authority said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15091
Samruk-Kazyna fund to privatize over 200 state firms http://www.opalesque.com/SWF_Briefing/?p=15090 http://www.opalesque.com/SWF_Briefing/?p=15090#comments Thu, 17 Apr 2014 02:23:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15090 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15090>Article Link</a> The Republic of Kazakhstan’s Samruk-Kazyna Sovereign Wealth Fund plans to place over 200 national companies on the market, Daniyar Mukhtarov writes for Trend. The sell-off is being conducted as part of a privatization program, Chairman of the Board at Samruk Kazyna, Umirzak Shukeev said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15090
SOFAZ investment in Romania exceeds 50 mln euros http://www.opalesque.com/SWF_Briefing/?p=15089 http://www.opalesque.com/SWF_Briefing/?p=15089#comments Thu, 17 Apr 2014 02:23:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15089 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15089>Article Link</a> Azerbaijan’s state energy company SOCAR has international experience in implementation of large-scale projects which can contribute to achieving common European targets in the energy field. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15089
1MDB net profit up 74pct to RM778mln http://www.opalesque.com/SWF_Briefing/?p=15088 http://www.opalesque.com/SWF_Briefing/?p=15088#comments Thu, 17 Apr 2014 02:23:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15088 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15088>Article Link</a> 1Malaysia Development Bhd, the government’s sovereign wealth fund, saw its net profit surge 74% to RM778.24 million for the year ended March 31, 2013 from RM44.72 million a year before. Revenue in the same 12-month period grew four times to RM2.59 billion from RM633.2 million previously. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15088
Yatra.com raises $23mln in a new round from IDG Ventures and Temasek’s VC arm http://www.opalesque.com/SWF_Briefing/?p=15087 http://www.opalesque.com/SWF_Briefing/?p=15087#comments Thu, 17 Apr 2014 02:23:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15087 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15087>Article Link</a> Gurgaon-based Yatra Online Travel Pvt Ltd, the company behind the online travel portal Yatra.com, has raised Rs 140 crore ($23 million) led by IDG Ventures and Vertex Venture Management, the VC investment arm of Singapore’s sovereign wealth fund Temasek. Existing investors including seed investor Norwest Venture Partners (NVP) also participated in this round. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15087
Singapore’s Keppel Corp Q1 net profit falls 5 pct http://www.opalesque.com/SWF_Briefing/?p=15086 http://www.opalesque.com/SWF_Briefing/?p=15086#comments Thu, 17 Apr 2014 02:23:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15086 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15086>Article Link</a> Singapore’s Keppel Corporation Ltd said on Wednesday its net profit in the first quarter dropped 5 percent on the year to S$339 million ($270.46 million). Singapore’s state investor Temasek Holdings owns a stake of more than 20 percent in Keppel. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15086
Excess Crude Account rises to $3.6bln FG, states, LGs share N641.3bln in March http://www.opalesque.com/SWF_Briefing/?p=15085 http://www.opalesque.com/SWF_Briefing/?p=15085#comments Thu, 17 Apr 2014 02:22:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15085 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15085>Article Link</a> It emerged Tuesday that the Excess Crude Account (ECA) now stands at about $3.6 billion compared to $3.4 billion in February. The Accountant General of the Federation (AGF), Mr. Jonah Otunla, disclosed this after the monthly meeting of the Federation Account Allocation Committee (FAAC) which also yesterday shared a total distributable revenue amounting to N641.38 billion among the three tiers of government March. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15085
Libya goes head to head with SocGen in $1.5 bln lawsuit http://www.opalesque.com/SWF_Briefing/?p=15084 http://www.opalesque.com/SWF_Briefing/?p=15084#comments Thu, 17 Apr 2014 02:22:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15084 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15084>Article Link</a> The Libyan Investment Authority (LIA) has filed a $1.5 billion lawsuit against Société Générale (SocGen), claiming the French investment bank helped channel bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of the former Libyan dictator Muammar Gaddafi. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15084
Bank of America forecasts increase in Middle East M&A deals http://www.opalesque.com/SWF_Briefing/?p=15083 http://www.opalesque.com/SWF_Briefing/?p=15083#comments Thu, 17 Apr 2014 02:22:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15083 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15083>Article Link</a> Bank of America, the second-largest US lender by assets, expects mergers and acquisitions in the Middle East to increase as cash-rich global companies target investments in the region. The trend is a shift from previous years when activity was mostly limited to sovereign wealth funds and government-related entities targeting overseas deals, Wadih Boueiz, the co-head of corporate and investment banking for the Middle East and North Africa said in an interview this week. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15083
Why not use permanent fund to build a gas line? http://www.opalesque.com/SWF_Briefing/?p=15082 http://www.opalesque.com/SWF_Briefing/?p=15082#comments Thu, 17 Apr 2014 02:21:50 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15082 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15082>Article Link</a> Unlike with other resource issues, Alaskans stand pretty much united in our efforts to monetize the huge gas reserves of Alaska’s North Slope. The Legislature has spent a good portion of the session holding hearings and listening to consultants on the administration’s proposal, Senate Bill 138, and its two components, the memorandum of understanding and the Heads of Agreement. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15082
Kazakh National Welfare Fund to put over 200 companies on sale http://www.opalesque.com/SWF_Briefing/?p=15081 http://www.opalesque.com/SWF_Briefing/?p=15081#comments Wed, 16 Apr 2014 01:24:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15081 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15081>Article Link</a> Kazakh National Welfare Fund, Samruk-Kazyna will put up over 200 companies for sale within the framework of privatization program, the Chairman of the Board of Samruk Kazyna, Umirzak Shukeev said. In particular, the companies which are engaged in non-core business will be privatized, for example, those companies which produce solar panels in Kazatomprom. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15081
Samruk-Kazyna head on forthcoming IPOs and privatization plans http://www.opalesque.com/SWF_Briefing/?p=15080 http://www.opalesque.com/SWF_Briefing/?p=15080#comments Wed, 16 Apr 2014 01:23:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15080 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15080>Article Link</a> Umirzak Shukeyev, Head of Samruk-Kazyna Sovereign Wealth Fund, announced a list of companies to run IPOs in 2014-2016 and unveiled plans to privatize some state-owned companies. “In 2014 plans are there to float 10% minus one share in Kazakhstan Electricity Grid Operating Company (KEGOC) and 75% in Mangistau Distribution Company. 100% in the Atyrau thermal power plant, 75.6% in Temirzhol Zhondeu, 51% in Temirzhol Energo, 49% in Semser Security; 51% in Lokomotiv-2030, 50% in Zhambyl regional power plant will be offered through auctions”, Shukeyev said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15080
$2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014 http://www.opalesque.com/SWF_Briefing/?p=15079 http://www.opalesque.com/SWF_Briefing/?p=15079#comments Wed, 16 Apr 2014 01:23:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15079 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15079>Article Link</a> $2.7 billion out of the National Oil Fund accumulating windfall oil revenues is to be allocated in 2014 to stimulate the country’s economy growth, Tengrinews.kz reports, citing the country’s Minister of Economic Affairs Yerbolat Dossayev. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15079
$1.3 billion to finance Toxic Assets Fund of Kazakhstan http://www.opalesque.com/SWF_Briefing/?p=15078 http://www.opalesque.com/SWF_Briefing/?p=15078#comments Wed, 16 Apr 2014 01:23:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15078 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15078>Article Link</a> $1.3 billion will be allocated out of the National Oil Fund to finance the Toxic Assets Fund, the country’s Minister of Economic Affairs Yerbolat Dossayev told a briefing April 14. The vehicle will be buying out toxic assets from the country’s banks. Regulating rules will be formulated by July 1, 2014. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15078
Norges Bank goes shopping in Tesco despite analysts’ fears over sales http://www.opalesque.com/SWF_Briefing/?p=15077 http://www.opalesque.com/SWF_Briefing/?p=15077#comments Wed, 16 Apr 2014 01:23:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15077 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15077>Article Link</a> Do the Norwegians know something the market doesn’t? Norway’s $840 billion national government pension fund, run by the country’s central Norges Bank, seems to. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15077
Abu Dhabi SWF and CVC in GBP1.5bln Spire race http://www.opalesque.com/SWF_Briefing/?p=15076 http://www.opalesque.com/SWF_Briefing/?p=15076#comments Wed, 16 Apr 2014 01:22:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15076 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15076>Article Link</a> Abu Dhabi’s vast sovereign wealth fund has joined forces with the largest shareholder in Formula One motor racing in the race to buy Spire Healthcare, one of Britain’s biggest private hospital groups. Abu Dhabi Investment Authority (ADIA) is backing a takeover bid for Spire that is being assembled by CVC Capital Partners, the London-based private equity firm. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15076
Zimbabwe: A sovereign wealth fund is critical to development http://www.opalesque.com/SWF_Briefing/?p=15075 http://www.opalesque.com/SWF_Briefing/?p=15075#comments Wed, 16 Apr 2014 01:22:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15075 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15075>Article Link</a> In the Zimbabwe we want, a Sovereign Wealth Fund must be managed as the country’s endowment to future generations. It is not a fund to be plundered by government and used to meet current needs, but a savings account that must accumulate over time and be used to meet future developmental needs. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15075
KIA’s Al-Ajial Fund invests 400 mln euro in Morocco http://www.opalesque.com/SWF_Briefing/?p=15074 http://www.opalesque.com/SWF_Briefing/?p=15074#comments Wed, 16 Apr 2014 01:22:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15074 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15074>Article Link</a> Al-ajial investment fund of kuwait investment authority (kia) is investing 400 million euro in the wessal capital gulf-morocco venture an equal share to that put in by the sovereign funds of saudi arabia qatar the uae and morocco. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15074
1MDB’s accounts finally submitted http://www.opalesque.com/SWF_Briefing/?p=15073 http://www.opalesque.com/SWF_Briefing/?p=15073#comments Wed, 16 Apr 2014 01:22:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15073 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15073>Article Link</a> 1Malaysia Development Bhd (1MDB) has submitted its long-awaited accounts for the financial year ended March 31, 2013 on April 9, according to the Companies Commission of Malaysia (SSM). “1MDB has submitted the company’s annual return together with the audited financial statement for the financial year ended March 31, 2013 on April 9, 2014,” SSM said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15073
Temasek widens its Africa footprint http://www.opalesque.com/SWF_Briefing/?p=15072 http://www.opalesque.com/SWF_Briefing/?p=15072#comments Tue, 15 Apr 2014 04:18:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15072 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15072>Article Link</a> Temasek, Singapore’s state investment company, has signalled a big push into the booming sub-Saharan African market, closing on Monday its first major deal in Nigeria. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15072
Temasek’s dealmaking reflects big bets on rise of the consumer http://www.opalesque.com/SWF_Briefing/?p=15071 http://www.opalesque.com/SWF_Briefing/?p=15071#comments Tue, 15 Apr 2014 04:18:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15071 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15071>Article Link</a> From toothpaste and shampoo in China to instant noodles and tomato paste in Africa, Temasek is betting big on growth in an emerging middle class – a significant shift for Singapore’s $171bn national investment agency, long known for its emphasis on the financial sector. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15071
Lessons for Australia from Norway’s petro-wealth debate http://www.opalesque.com/SWF_Briefing/?p=15070 http://www.opalesque.com/SWF_Briefing/?p=15070#comments Tue, 15 Apr 2014 04:18:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15070 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15070>Article Link</a> As the Minerals Council of Australia launches its latest defence against the fossil fuel divestment campaign and Prime Minister Abbott directs the Clean Energy Finance Corporation to cease financing renewables, on the other side of the world Norway is considering whether to divest its Sovereign Wealth Fund of fossil fuels and invest more of its oil-driven fortune in green technology. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15070
Kazakhstan: $2.7 bln out of the National Oil Fund to stimulate the economy in 2014 http://www.opalesque.com/SWF_Briefing/?p=15069 http://www.opalesque.com/SWF_Briefing/?p=15069#comments Tue, 15 Apr 2014 04:18:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15069 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15069>Article Link</a> $2.7 billion out of the National Oil Fund accumulating windfall oil revenues is to be allocated in 2014 to stimulate the country’s economy growth, Tengrinews.kz reports, citing the country’s Minister of Economic Affairs Yerbolat Dossayev. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15069
Codelco could tap sovereign wealth fund for needed mine expansions http://www.opalesque.com/SWF_Briefing/?p=15068 http://www.opalesque.com/SWF_Briefing/?p=15068#comments Tue, 15 Apr 2014 04:17:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15068 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15068>Article Link</a> Chile’s state-owned copper producer Codelco needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines and deposits, and has not ruled out turning to its sovereign wealth fund to finance such investment, CEO Thomas Keller told Minería Chilena (in Spanish). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15068
Qatar Investment Authority again reduces ABC H-shares http://www.opalesque.com/SWF_Briefing/?p=15067 http://www.opalesque.com/SWF_Briefing/?p=15067#comments Tue, 15 Apr 2014 04:17:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15067 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15067>Article Link</a> Biggest sovereign wealth fund from Middle East Qatar Investment Authority once again reduced shares in Agricultural Bank Of China Limited. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15067
The Zimbabwe we want - A sovereign wealth fund is critical to development http://www.opalesque.com/SWF_Briefing/?p=15066 http://www.opalesque.com/SWF_Briefing/?p=15066#comments Tue, 15 Apr 2014 04:16:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15066 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15066>Article Link</a> In the Zimbabwe we want, a Sovereign Wealth Fund must be managed as the country’s endowment to future generations. It is not a fund to be plundered by government and used to meet current needs, but a savings account that must accumulate over time and be used to meet future developmental needs. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15066
Australia looks to Gulf funds for A$700bln infrastructure investment http://www.opalesque.com/SWF_Briefing/?p=15065 http://www.opalesque.com/SWF_Briefing/?p=15065#comments Mon, 14 Apr 2014 04:37:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15065 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15065>Article Link</a> Australia is seeking Gulf sovereign wealth fund investment to help plug a A$700 billion (Dh2.41 trillion) infrastructure funding gap. It comes as the country launches its largest ever trade and investment mission to the Gulf states – targeting agribusiness, education and infrastructure among other sectors. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15065
Malaysia: Time for a sovereign fund derived from O&G? http://www.opalesque.com/SWF_Briefing/?p=15064 http://www.opalesque.com/SWF_Briefing/?p=15064#comments Mon, 14 Apr 2014 04:37:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15064 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15064>Article Link</a> The question of whether Malaysia should have a sovereign wealth fund derived from its natural resources is one that has been raised many times. The government has been using revenue derived from the country’s natural resources – in particular dividends from the nation’s oil and gas (O&G) company Petroliam Nasional Bhd (Petronas) – for development. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15064
Iraqi Farouk al-Kasim behind Norway oil fund that is envy of world http://www.opalesque.com/SWF_Briefing/?p=15063 http://www.opalesque.com/SWF_Briefing/?p=15063#comments Mon, 14 Apr 2014 04:37:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15063 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15063>Article Link</a> Norway has squirrelled much of its oil revenue away in an $850B fund for future generations. Today, less than 25 years since its inception, that nest egg has grown into the world’s most valuable sovereign wealth fund, worth about $850 billion – more than $165,000 per Norwegian citizen, according to an SWF Institute report. It is the envy of the world, funding initiatives ranging from infrastructure improvements and green energy projects to public pensions. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15063
Swiss bank UBS to relocate head of SWF business to Dubai http://www.opalesque.com/SWF_Briefing/?p=15062 http://www.opalesque.com/SWF_Briefing/?p=15062#comments Mon, 14 Apr 2014 04:36:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15062 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15062>Article Link</a> UBS is relocating Alberto Palombi, head of the investment bank’s global sovereign wealth fund business, to Dubai as deals pick up in the Middle East, said two people familiar with the decision who asked not to be identified as the information is not public. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15062
SOFAZ 2014 expenditures reduced up to AZN 760 mln http://www.opalesque.com/SWF_Briefing/?p=15061 http://www.opalesque.com/SWF_Briefing/?p=15061#comments Mon, 14 Apr 2014 04:36:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15061 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15061>Article Link</a> President Ilham Aliyev has issued a decree on amendments to the decree “On 2014 budget of State oil Fund of Azerbaijan”. APA-Economics reports that the amendment is related to task to the State Oil Company of Azerbaijan on establishment of closed joint-stock company (OJSC), of which authorized capital makes AZN 100 mln and 51%-equity belongs to state, 49% - to SOCAR, under the President’s order on “several measures regarding other projects on Shah Deniz-2 and establishment of Southern Gas Corridor” dated to February 25, 2014, and task to the State Oil Fund of Azerbaijan on providing the financing of OJSC’s shares belonging to the state. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15061
Taxpayers’ AIB stake worth up to EUR11bln – Noonan http://www.opalesque.com/SWF_Briefing/?p=15060 http://www.opalesque.com/SWF_Briefing/?p=15060#comments Mon, 14 Apr 2014 04:36:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15060 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15060>Article Link</a> State-owned AIB could be worth between “€10bn and €11bn”, according to Finance Minister Michael Noonan. This is the first time that the Government has revealed what its stake in AIB could be worth. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15060
Codelco plans expansion via sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=15059 http://www.opalesque.com/SWF_Briefing/?p=15059#comments Mon, 14 Apr 2014 04:36:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15059 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15059>Article Link</a> Chile is betting on the expansion of state-owned copper producer Codelco, and may turn to its sovereign wealth fund to finance the investment, even as metal prices and economic growth approach four-year lows. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15059
Why not the Permanent Fund? http://www.opalesque.com/SWF_Briefing/?p=15058 http://www.opalesque.com/SWF_Briefing/?p=15058#comments Mon, 14 Apr 2014 04:35:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15058 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15058>Article Link</a> Unlike other resource issues, Alaskans stand pretty much united in our efforts to monetize the huge gas reserves of Alaska’s North Slope. The Legislature has spent a good portion of the current session holding hearings and listening to consultants on the administration’s proposal (SB138) and its two components, the MOU and the Heads of Agreement. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15058
Angolan wealth fund buys fixed income but no project investments yet http://www.opalesque.com/SWF_Briefing/?p=15057 http://www.opalesque.com/SWF_Briefing/?p=15057#comments Fri, 11 Apr 2014 01:43:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15057 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15057>Article Link</a> Angola’s $5 billion sovereign wealth fund, sub-Saharan Africa’s second-biggest, has this year made its first investments by buying fixed income securities but is yet to start financing infrastructure projects, its chairman said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15057
Qatar SWF executive said to start hedge fund http://www.opalesque.com/SWF_Briefing/?p=15056 http://www.opalesque.com/SWF_Briefing/?p=15056#comments Fri, 11 Apr 2014 01:42:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15056 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15056>Article Link</a> A top investment executive at Qatar’s sovereign wealth fund is leaving to start a hedge fund, people briefed on the development said. Kamel Maamria has served as head of the global investment portfolio at Qatar Holding, a branch of the Qatar Investment Authority, the emirate’s sovereign wealth fund. He has also served on the board of Harrods on behalf of Qatar Holding. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15056
RRJ, Temasek’s fund invest $250 mln in Chinese developer http://www.opalesque.com/SWF_Briefing/?p=15055 http://www.opalesque.com/SWF_Briefing/?p=15055#comments Fri, 11 Apr 2014 01:42:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15055 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15055>Article Link</a> RRJ Capital Ltd., run by Charles Ong, and a fund owned by his former employer, Temasek Holdings Pte, have invested $250 million in Chinese logistics warehouse developer Shanghai Yupei Group Co. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15055
It’s official: Temasek spins off PE holdings into Astrea II http://www.opalesque.com/SWF_Briefing/?p=15054 http://www.opalesque.com/SWF_Briefing/?p=15054#comments Fri, 11 Apr 2014 01:42:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15054 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15054>Article Link</a> Temasek Holdings, the investment arm of Singapore government, has launched a new co-investment vehicle, Astrea II. The $215-billion fund will hive off part of its holdings into this new vehicle to enable participation by wider set of investors. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15054
Alvin Jiang, the princeling of private equity http://www.opalesque.com/SWF_Briefing/?p=15053 http://www.opalesque.com/SWF_Briefing/?p=15053#comments Fri, 11 Apr 2014 01:42:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15053 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15053>Article Link</a> The 28-year-old wears black-framed glasses perched on cheeks still round with youth. A discerning eye might notice the resemblance to his grandfather: former Chinese president and Communist Party leader Jiang Zemin. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15053
Reserve currency: Is the yuan tearing down the US dollar? http://www.opalesque.com/SWF_Briefing/?p=15052 http://www.opalesque.com/SWF_Briefing/?p=15052#comments Fri, 11 Apr 2014 01:42:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15052 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15052>Article Link</a> At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility, Standard Chartered said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15052
Bill would let landlords garnish Permanent Fund dividends http://www.opalesque.com/SWF_Briefing/?p=15051 http://www.opalesque.com/SWF_Briefing/?p=15051#comments Fri, 11 Apr 2014 01:41:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15051 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15051>Article Link</a> Landlords would be entitled to garnish the Permanent Fund dividends of renters under a bill approved by a House committee. House Bill 282 updates the Alaska Landlord and Tenant Act for the first time in decades. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15051
GIC to buy Tokyo property for $1.3 bln from Lone Star-sources http://www.opalesque.com/SWF_Briefing/?p=15050 http://www.opalesque.com/SWF_Briefing/?p=15050#comments Thu, 10 Apr 2014 00:59:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15050 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15050>Article Link</a> Singapore sovereign wealth fund GIC will buy a Tokyo property from US investment fund Lone Star Funds for about 134 billion yen (S$1.6 billion), the highest price since Japan’s real estate market recovery accelerated last year, people with direct knowledge of the sale told Reuters. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15050
Temasek sets up private-equity investment vehicle Astrea II http://www.opalesque.com/SWF_Briefing/?p=15049 http://www.opalesque.com/SWF_Briefing/?p=15049#comments Thu, 10 Apr 2014 00:58:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15049 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15049>Article Link</a> Singapore investment company Temasek has launched a new co-investment vehicle, Astrea II, which has broadly diversified holdings in 36 private equity funds.This is the latest of Temasek’s continuing efforts to develop co-investment platforms where diversified portfolios of assets can be made available to a broader base of investors, including retail investors in the long term. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15049
Temasek spins off selected investments into special-purpose vehicle http://www.opalesque.com/SWF_Briefing/?p=15048 http://www.opalesque.com/SWF_Briefing/?p=15048#comments Thu, 10 Apr 2014 00:58:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15048 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15048>Article Link</a> Temasek Holdings is securitising more of its investments into a special-purpose vehicle to reach a broader base of investors, including retail investors, over the longer term. The Singapore investment firm has launched Astrea II, a co-investment vehicle with broadly diversified holdings in 36 private equity funds. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15048
NewQuest, GIC partially exited stake of IKang in its $153mln IPO http://www.opalesque.com/SWF_Briefing/?p=15047 http://www.opalesque.com/SWF_Briefing/?p=15047#comments Thu, 10 Apr 2014 00:58:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15047 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15047>Article Link</a> Beijing-based private medical services provider iKang Guobin Healthcare Group has raised $153 million by offering 10.9 million shares at $14 per share on the NASDAQ. NewQuest Capital Partners and Singapore’s GIC Private Ltd. has partially exited from iKang. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15047
Angolan wealth fund buys fixed income but no project investments yet http://www.opalesque.com/SWF_Briefing/?p=15046 http://www.opalesque.com/SWF_Briefing/?p=15046#comments Thu, 10 Apr 2014 00:58:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15046 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15046>Article Link</a> Angola’s $5 billion sovereign wealth fund, sub-Saharan Africa’s second-biggest, has this year made its first investments by buying fixed income securities but is yet to start financing infrastructure projects, its chairman said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15046
Norway to examine return on $850bln wealth fund before restructuring http://www.opalesque.com/SWF_Briefing/?p=15045 http://www.opalesque.com/SWF_Briefing/?p=15045#comments Thu, 10 Apr 2014 00:57:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15045 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15045>Article Link</a> Norway will wait to see whether property investments by its $850bn (€616bn) sovereign wealth fund pay off before considering new asset classes including infrastructure and private equity. “Whether we do it next year or the year after, that hasn’t been decided,” Paal Bjoernestad, state secretary in charge of the fund at the Finance Ministry, said. “We will come back to it – it’s not off the table.” (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15045
Dubai would “do the same again” – CEO of sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=15044 http://www.opalesque.com/SWF_Briefing/?p=15044#comments Wed, 09 Apr 2014 00:46:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15044 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15044>Article Link</a> Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of many of the bankers. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15044
Kerzner deal a good fit for Investment Corporation of Dubai http://www.opalesque.com/SWF_Briefing/?p=15043 http://www.opalesque.com/SWF_Briefing/?p=15043#comments Wed, 09 Apr 2014 00:45:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15043 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15043>Article Link</a> Last week’s transaction between Investment Corporation of Dubai (ICD) and Kerzner International is a transformational deal on multiple levels. ICD, under its chief executive Mohammed Al Shaibani, bought about 46 per cent of the company that controls the international up-market hotel group. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15043
LIA presents its 2013 annual report to Audit Bureau http://www.opalesque.com/SWF_Briefing/?p=15042 http://www.opalesque.com/SWF_Briefing/?p=15042#comments Wed, 09 Apr 2014 00:45:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15042 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15042>Article Link</a> The Libyan Investment Authority (LIA), Libya’s sovereign wealth fund, presented its 2013 annual report to the Audit Bureau last week, the Audit Bureau reports.The presentation was attended by, amongst others, the Audit Bureau head Khalid Shakshak, GNC LIA Committee member Asia Megherbi, Central Bank of Libya Governor Sadik El-Kabir, LIA head Abdulmajid Briesh, as well as representatives of the NOC, the Libyan Foreign Bank and the Administrative Control Authority. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15042
Angola’s sovereign wealth fund appoints audit board http://www.opalesque.com/SWF_Briefing/?p=15041 http://www.opalesque.com/SWF_Briefing/?p=15041#comments Wed, 09 Apr 2014 00:45:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15041 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15041>Article Link</a> Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), now has its first audit board that will guarantee the “highest level” of openness in its operations, it emerged on Tuesday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15041
1MDB yet to notify SSM of meeting date http://www.opalesque.com/SWF_Briefing/?p=15040 http://www.opalesque.com/SWF_Briefing/?p=15040#comments Wed, 09 Apr 2014 00:45:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15040 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15040>Article Link</a> Companies Commission of Malaysia (SSM) is monitoring 1Malaysia Development Bhd (1MDB) which is yet to notify and update the former on the status of its AGM to table its overdue accounts, as at press time. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15040
Temasek private equity arm backs Southeast Asia cab booking app http://www.opalesque.com/SWF_Briefing/?p=15039 http://www.opalesque.com/SWF_Briefing/?p=15039#comments Wed, 09 Apr 2014 00:44:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15039 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15039>Article Link</a> A unit of Singapore state investor Temasek Holdings is putting its substantial clout behind an app that eases the pain of booking taxis in Singapore and Malaysia, aiming to expand the service in other busy Southeast Asian cities. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15039
Norway hands SWF ethical investment responsibilities to central bank http://www.opalesque.com/SWF_Briefing/?p=15038 http://www.opalesque.com/SWF_Briefing/?p=15038#comments Wed, 09 Apr 2014 00:44:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15038 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15038>Article Link</a> The Norwegian finance ministry has adopted a report recommending changes to the way the country’s sovereign wealth fund – the Government Pension Fund Global (GPFG) – is run, including giving more power over its ethical investment policy to the fund managers at the Norwegian central bank. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15038
Use Norway sovereign fund’s top holdings to your own advantage http://www.opalesque.com/SWF_Briefing/?p=15037 http://www.opalesque.com/SWF_Briefing/?p=15037#comments Wed, 09 Apr 2014 00:44:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15037 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15037>Article Link</a> Founded in 1990, Norges Bank Investment Management (a.k.a the Government Petroleum Fund), the fund has since grown to a size in excess of $80B. Over the past two decades, it has undergone dramatic changes in asset mix: up until 1997, the capital was fully invested in government securities, while as of the end of 2013 the fund consists of equities (approximately 60% of portfolio), real estate (not exceeding 5%), and bonds (all known classes, including securitized investment vehicles). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15037
Kazakhstan’s international reserves figure announced http://www.opalesque.com/SWF_Briefing/?p=15036 http://www.opalesque.com/SWF_Briefing/?p=15036#comments Wed, 09 Apr 2014 00:44:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15036 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15036>Article Link</a> Kazakhstan’s international reserves, including gold and FX reserves of the National Bank and the assets of the National Oil Fund grew from $95.222 billion to $99.304 billion from January to March 2014, according to the country’s National Bank. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15036
SOFAZ revenues from Shah Deniz, ACG projects made public http://www.opalesque.com/SWF_Briefing/?p=15035 http://www.opalesque.com/SWF_Briefing/?p=15035#comments Tue, 08 Apr 2014 02:27:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15035 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15035>Article Link</a> Azerbaijan’s state oil fund SOFAZ has gained more than $1.7 billion from 2007 to April 1, 2014 by implementing the development project of the giant Shah Deniz gas condensate field in the Caspian Sea. SOFAZ received some $115.6 million as part of the Shah Deniz project from January 1 to April 1, SOFAZ said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15035
Biggest wealth fund put on review for move to new asset classes http://www.opalesque.com/SWF_Briefing/?p=15034 http://www.opalesque.com/SWF_Briefing/?p=15034#comments Tue, 08 Apr 2014 02:26:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15034 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15034>Article Link</a> Norway will wait to see whether real estate investments by its $850 billion sovereign wealth fund pay off before considering new asset classes including infrastructure and private equity. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15034
Jensen defends oil fund changes http://www.opalesque.com/SWF_Briefing/?p=15033 http://www.opalesque.com/SWF_Briefing/?p=15033#comments Tue, 08 Apr 2014 02:26:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15033 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15033>Article Link</a> Norwegian Finance Minister Siv Jensen rejected criticisms the government’s planned changes to the management of the nation’s massive sovereign wealth fund didn’t go far enough to ensure greener, socially responsible investments, saying the “Oil Fund” is a return-oriented investment scheme, and not a environmental or foreign policy tool. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15033
Norway fund RE reforms disappoint http://www.opalesque.com/SWF_Briefing/?p=15032 http://www.opalesque.com/SWF_Briefing/?p=15032#comments Tue, 08 Apr 2014 02:26:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15032 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15032>Article Link</a> Norway’s government has disappointed green groups by coming up with proposals for using the country’s $790bn oil fund that fall well short of expectations over increased renewables investments. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15032