Opalesque Sovereign Wealth Funds Briefing http://www.opalesque.com/SWF_Briefing Fri, 22 Aug 2014 03:33:00 +0000 http://wordpress.org/?v=2.5.1 en ORTEL: Create an American sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=15804 http://www.opalesque.com/SWF_Briefing/?p=15804#comments Fri, 22 Aug 2014 03:33:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15804 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15804>Article Link</a> In America, the cradle of capitalism, we need to have a sovereign wealth fund. Capitalized with at least $1 trillion in the beginning, our fund should be the largest, most forward-looking and most successful one in the world. If run independently (without partisan influence) by credentialed managers who might contribute their service gratis, America’s Sovereign Wealth Fund would produce consistent and outsized rates of return on invested capital. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15804
Norway’s gargantuan sovereign wealth fund, by the numbers http://www.opalesque.com/SWF_Briefing/?p=15803 http://www.opalesque.com/SWF_Briefing/?p=15803#comments Fri, 22 Aug 2014 03:32:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15803 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15803>Article Link</a> Only 5 million people live in Norway, but thanks to the country’s careful management of its oil wealth, the country runs the largest sovereign wealth fund in the world. Everything about the fund is big. Very big. Reported assets, for example, totaled $890 billion at the end of June—that’s $178,000 for every Norwegian. And the fund holds around 1% of all the stocks and bonds in the world. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15803
World’s biggest wealth fund takes focus off emerging markets http://www.opalesque.com/SWF_Briefing/?p=15802 http://www.opalesque.com/SWF_Briefing/?p=15802#comments Fri, 22 Aug 2014 03:32:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15802 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15802>Article Link</a> Norway’s €663bn sovereign wealth fund, the world’s largest, is slowing its expansion into emerging markets as it scales back a two-year mission to tap into the fastest growing markets. “We are gradually picking up some new markets but at a less rapid pace than we did at the beginning of the year,” Yngve Slyngstad, the fund’s chief executive officer, said in Oslo. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15802
Norway sovereign fund up 3.3% in Q2 http://www.opalesque.com/SWF_Briefing/?p=15801 http://www.opalesque.com/SWF_Briefing/?p=15801#comments Fri, 22 Aug 2014 03:32:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15801 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15801>Article Link</a> Norway’s sovereign wealth fund, the world’s largest, returned 192 billion kroner (S$38.79 billion) in the second quarter as energy stocks and emerging markets led a rally amid turmoil in Iraq and Ukraine. The Government Pension Fund Global gained 3.3 per cent in the quarter, the Oslo-based investor said yesterday. The US$880 billion fund’s stock holdings returned 4 per cent and its bonds 2 per cent. Real estate returned 3 per cent. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15801
SOFAZ to invest in China’s market http://www.opalesque.com/SWF_Briefing/?p=15800 http://www.opalesque.com/SWF_Briefing/?p=15800#comments Fri, 22 Aug 2014 03:31:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15800 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15800>Article Link</a> Azerbaijan s state oil fund SOFAZ intends to invest in the Chinese market with the government debt securities, SOFAZ told Trend Agency on August 14. China as the second largest economy in the world remains an attractive market for the growing number of foreign investors. Prospects of the Chinese Yuan as an additional investment currency attract considerable interest of various categories of investors, including sovereign wealth funds. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15800
Russia Tensions May Hurt Norway Oil Fund Earnings http://www.opalesque.com/SWF_Briefing/?p=15799 http://www.opalesque.com/SWF_Briefing/?p=15799#comments Thu, 21 Aug 2014 03:15:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15799 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15799>Article Link</a> The effect on European equities of tensions between Russia and the West could pose a challenge to Norway’s $890 billion sovereign-wealth fund, its chief executive said Wednesday. Yngve Slyngstad also told The Wall Street Journal that the fund has retained its holdings in Russian banks and oil companies despite the tensions, and U.S. and European sanctions against Russia. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15799
Norway’s Wealth Fund Gains $31 Billion on Global Stock Surge http://www.opalesque.com/SWF_Briefing/?p=15798 http://www.opalesque.com/SWF_Briefing/?p=15798#comments Thu, 21 Aug 2014 03:15:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15798 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15798>Article Link</a> Norway’s sovereign wealth fund, the world’s largest, returned 192 billion kroner ($31 billion) in the second quarter as energy stocks and emerging markets led a rally amid turmoil in Iraq and Ukraine. The Government Pension Fund Global gained 3.3 percent in the quarter, the Oslo-based investor said today. The $880 billion fund’s stock holdings returned 4 percent and its bonds 2 percent. Real estate returned 3 percent. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15798
Norway to keep $8.2bn Russian assets – for now http://www.opalesque.com/SWF_Briefing/?p=15797 http://www.opalesque.com/SWF_Briefing/?p=15797#comments Thu, 21 Aug 2014 03:15:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15797 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15797>Article Link</a> Norway’s massive sovereign wealth fund yesterday announced that it was likely to hang on to its $8.2bn (£4.93bn) worth of Russian assets des­pite Western sanctions on Moscow. However, the $885bn fund – one of te world’s biggest investors said it did not plan further purchases because of political risk. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15797
Norway oil fund to double number of top executives http://www.opalesque.com/SWF_Briefing/?p=15796 http://www.opalesque.com/SWF_Briefing/?p=15796#comments Thu, 21 Aug 2014 03:14:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15796 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15796>Article Link</a> Norway’s $885bn oil fund is doubling the number of its senior executives in the latest sign it is restructuring itself to tackle its ever-increasing size and its shifting responsibilities as an investor. Norges Bank Investment Management, the arm of the Norwegian central bank that manages the fund, is creating a number of new positions to help manage its nascent property portfolio, as well as appointing three chief investment officers. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15796
Giant Norway Oil Fund Plans Bigger Push into Real Estate http://www.opalesque.com/SWF_Briefing/?p=15795 http://www.opalesque.com/SWF_Briefing/?p=15795#comments Thu, 21 Aug 2014 03:14:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15795 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15795>Article Link</a> Norway’s sovereign wealth fund is shaking up its leadership, doubling the number of top executives to 12 and hiring more staff as it prepares a significant boost to its investments in high-end office and retail properties in cities such as London, Paris, and New York. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15795
World’s largest wealth fund slows investment into new markets http://www.opalesque.com/SWF_Briefing/?p=15794 http://www.opalesque.com/SWF_Briefing/?p=15794#comments Thu, 21 Aug 2014 03:14:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15794 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15794>Article Link</a> Norway’s US$880 billion (RM2.7 trillion) sovereign wealth fund, the world’s largest, is slowing its expansion into emerging markets as it scales back a two-year mission to tap into the fastest growing markets.“We are gradually picking up some new markets but at a less rapid pace than we did at the beginning of the year,” Yngve Slyngstad, the fund’s chief executive officer, said yesterday in an interview after a press conference in Oslo. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15794
Angola SWF to send students to Switzerland as it ‘invests in investing’ http://www.opalesque.com/SWF_Briefing/?p=15793 http://www.opalesque.com/SWF_Briefing/?p=15793#comments Thu, 21 Aug 2014 03:14:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15793 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15793>Article Link</a> Angola’s sovereign wealth fund, the Fundo Soberano de Angola (FSDEA), has launched a scholarship scheme for young Angolans to study business management, banking and finance in Switzerland with a view to improving the country’s capacity to invest its oil revenues wisely. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15793
Libyan sovereign wealth fund expected to hire new chief http://www.opalesque.com/SWF_Briefing/?p=15792 http://www.opalesque.com/SWF_Briefing/?p=15792#comments Thu, 21 Aug 2014 03:13:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15792 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15792>Article Link</a> The Libyan Investment Authority, the violence-hit North African nation’s $60bn sovereign wealth fund, is likely to name senior World Bank executive Ahmed Ali Attiga as its new chairman by the end of the year, The Daily Telegraph gathers. Attiga, who is currently representing the World Bank’s International Finance Corporation unit in Jordan, hails from a high-profile Libyan family associated with King Idris, the ruler before the late Muammar Gaddafi. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15792
ETF providers take on pension and sovereign wealth challenge http://www.opalesque.com/SWF_Briefing/?p=15791 http://www.opalesque.com/SWF_Briefing/?p=15791#comments Thu, 21 Aug 2014 03:13:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15791 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15791>Article Link</a> Pension and sovereign wealth funds are not traditionally big investors in ETFs because of concerns over cost, flexibility and restrictions on buying listed securities. But that may be about to change as providers look to woo big institutional investors. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15791
JP Morgan targets hedge funds and SWFs in new sales push http://www.opalesque.com/SWF_Briefing/?p=15790 http://www.opalesque.com/SWF_Briefing/?p=15790#comments Thu, 21 Aug 2014 03:13:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15790 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15790>Article Link</a> JP Morgan has set up a dedicated equities salesforce in London to serve its hedge fund clients and sovereign wealth funds, as part of the bank’s push to become a top three cash equities house globally. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15790
Goldman withdraws attempt to stop $1bn Libya fund dispute http://www.opalesque.com/SWF_Briefing/?p=15789 http://www.opalesque.com/SWF_Briefing/?p=15789#comments Wed, 20 Aug 2014 01:14:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15789 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15789>Article Link</a> Goldman Sachs has withdrawn an application to have a $1bn lawsuit filed by the Libyan Investment Authority, a former client, thrown out of an English court ahead of trial. The US investment bank has withdrawn its request for a summary judgment in the dispute lodged at the High Court, it confirmed on Tuesday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15789
Goldman to face Libya’s sovereign wealth fund in court over trades http://www.opalesque.com/SWF_Briefing/?p=15788 http://www.opalesque.com/SWF_Briefing/?p=15788#comments Wed, 20 Aug 2014 01:14:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15788 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15788>Article Link</a> Goldman Sachs and Libya’s sovereign wealth fund are set to meet in a London court over claims the Wall Street bank exploited a position of trust by encouraging the fund to invest more than $1 billion in trades that ended up worthless. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15788
Malaysia’s Khazanah Sells $476 Million Ringgit Islamic Bonds http://www.opalesque.com/SWF_Briefing/?p=15787 http://www.opalesque.com/SWF_Briefing/?p=15787#comments Wed, 20 Aug 2014 01:14:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15787 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15787>Article Link</a> Malaysia’s state-owned investment fund, which is offering to take the national airline private, sold 1.5 billion ringgit ($476 million) of Islamic bonds today, said two people with knowledge of the deal. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15787
Invest Corp of Dubai, Korea’s Kexim sign deal http://www.opalesque.com/SWF_Briefing/?p=15786 http://www.opalesque.com/SWF_Briefing/?p=15786#comments Wed, 20 Aug 2014 01:14:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15786 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15786>Article Link</a> Investment Corporation of Dubai (ICD), the sovereign wealth fund of the Emirate of Dubai, and the Export-Import Bank of Korea (Kexim) have signed a Memorandum of Understanding (MoU) to form an alliance to explore international investment and export finance opportunities in Asia, the Middle East and Africa. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15786
Nigeria: National revenue drops by N154.56b, says FAAC http://www.opalesque.com/SWF_Briefing/?p=15785 http://www.opalesque.com/SWF_Briefing/?p=15785#comments Wed, 20 Aug 2014 01:13:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15785 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15785>Article Link</a> The fortunes of the three tiers of government suffered a huge decline last month as the Federal Government said the country recorded a N154.56 billion decline in gross federally collected revenue from N784.88 billion received in June to N630.32 billion in July, this year. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15785
Dubai and South Korea sign joint investments deal http://www.opalesque.com/SWF_Briefing/?p=15784 http://www.opalesque.com/SWF_Briefing/?p=15784#comments Tue, 19 Aug 2014 00:57:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15784 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15784>Article Link</a> Dubai and South Korea are teaming up to fund joint investments as the emirate cements its role as the business launch pad for the Middle East and Africa. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15784
Dubai’s ICD Said to Seek $880 Million Atlantis Debt Refinancing http://www.opalesque.com/SWF_Briefing/?p=15783 http://www.opalesque.com/SWF_Briefing/?p=15783#comments Tue, 19 Aug 2014 00:57:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15783 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15783>Article Link</a> Investment Corporation of Dubai, the emirate state-owned holding company, is seeking to refinance an $880 million loan taken out by resort hotel Atlantis, The Palm, according to four people with knowledge of the matter. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15783
Mubadala Trafigura’s Brazil iron ore terminal will start this year http://www.opalesque.com/SWF_Briefing/?p=15782 http://www.opalesque.com/SWF_Briefing/?p=15782#comments Tue, 19 Aug 2014 00:57:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15782 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15782>Article Link</a> Trading firm Trafigura and Abu Dhabi sovereign wealth fund Mubadala said that their Brazilian port for exporting iron ore will start this year, in response to a steelmaker with a contract to use the port that said the opening could be pushed back to 2015. Mr Eugenio Mamede chief operating officer for the port, said that Porto Sudeste is on track to start operation in the beginning of the last quarter of 2014. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15782
Arab investors to pump huge funds to Europe http://www.opalesque.com/SWF_Briefing/?p=15781 http://www.opalesque.com/SWF_Briefing/?p=15781#comments Tue, 19 Aug 2014 00:56:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15781 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15781>Article Link</a> Arab investors are increasingly looking to the UK and continental Europe’s commercial real estate markets to pump their huge funds. Europe is the preferred target of Arab investors with 80 percent of the expected $180bn Arab investment flowing in to UK and Europe over the next 10 years. In the UK, London is the preferred destination. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15781
China faces buyer’s remorse in Canada’s oil patch http://www.opalesque.com/SWF_Briefing/?p=15780 http://www.opalesque.com/SWF_Briefing/?p=15780#comments Tue, 19 Aug 2014 00:56:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15780 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15780>Article Link</a> Chinese companies have shelled out more than $30-billion in Canada’s energy industry, but many of those investments have been hit with operational problems, delays and weak returns, leading to growing impatience in some quarters in China. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15780
Bengal Finmin meets GIC top brass to attract investment http://www.opalesque.com/SWF_Briefing/?p=15779 http://www.opalesque.com/SWF_Briefing/?p=15779#comments Tue, 19 Aug 2014 00:56:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15779 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15779>Article Link</a> West Bengal Finance Minister Amit Mitra today met the top brass of Singapore-based global investment firm GIC to attract investments. A West Bengal government delegation headed by Chief Minister Mamata Banerjee is on a 5-day tour to Singapore to attract investment for the state. GIC is one of the world’s largest global investors. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15779
Hopeful of Singapore’s GIC Group investing in Bengal: Mitra http://www.opalesque.com/SWF_Briefing/?p=15778 http://www.opalesque.com/SWF_Briefing/?p=15778#comments Tue, 19 Aug 2014 00:56:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15778 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15778>Article Link</a> After holding a “fruitful” meeting with Singapore’s leading investment fund - the GIC Group, West Bengal Finance Minister Amit Mitra on Monday exuded confidence of securing big ticket investment for the state. Led by Chief Minister Mamata Banerjee, a delegation of ministers, bureaucrats and entrepreneurs are camping in the city state scouting for investment. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15778
Norway SWF Urged to Upgrade Oversight Before Diversifying http://www.opalesque.com/SWF_Briefing/?p=15777 http://www.opalesque.com/SWF_Briefing/?p=15777#comments Tue, 19 Aug 2014 00:55:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15777 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15777>Article Link</a> The Labor Party in Norway has called for the $880 billion Government Pension Fund—Global to up its governance game before moving into private equity and infrastructure. Norway’s biggest political party has challenged the country’s $880 billion sovereign wealth fund to improve its governance before hiking exposure to riskier assets. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15777
Norway Fund Told to Forget Riskier Assets Until Oversight Fixed http://www.opalesque.com/SWF_Briefing/?p=15776 http://www.opalesque.com/SWF_Briefing/?p=15776#comments Mon, 18 Aug 2014 03:43:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15776 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15776>Article Link</a> Norway’s $880 billion sovereign wealth fund can’t be allowed to chase riskier assets until lawmakers fix the oversight gaps that emerged in connection with its purchase of Formula One shares, according to the biggest party in the nation’s parliament. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15776
PE Has Lowest Return Among Alternative Assets For Korea Investment Corp. http://www.opalesque.com/SWF_Briefing/?p=15775 http://www.opalesque.com/SWF_Briefing/?p=15775#comments Mon, 18 Aug 2014 03:43:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15775 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15775>Article Link</a> Private equity has generated an 8.6% return during 2013 for Korea Investment Corp.the lowest among all alternative asset classes that the Korean sovereign wealth fund invests in, KIC’s most recent annual report shows. The $72-billion fund is the latest sovereign wealth fund to release annual reports this month, following its counterparts in China and Singapore. Those reports offer a rare window into performance of historically secretive sovereign wealth funds, which are increasingly flexing their muscle in the private equity industry both as fund investors and as direct deal makers. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15775
Singapore’s investment funds blaze ecommerce trail http://www.opalesque.com/SWF_Briefing/?p=15774 http://www.opalesque.com/SWF_Briefing/?p=15774#comments Mon, 18 Aug 2014 03:42:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15774 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15774>Article Link</a> Singapore’s two investment funds, GIC and Temasek, have emerged as the biggest state-backed investors in technology, telecoms and ecommerce in the past 12 months, ploughing a combined $3bn into the sectors. That dwarfs investment by their global peers, which have committed about $200m, says the Sovereign Wealth Center, which tracks sovereign wealth fund activity globally. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15774
Temasek: Africa’s Emerging Economic Ally http://www.opalesque.com/SWF_Briefing/?p=15773 http://www.opalesque.com/SWF_Briefing/?p=15773#comments Mon, 18 Aug 2014 03:42:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15773 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15773>Article Link</a> The current exponential growth being witnessed across African economies has got investors worldwide seeking to take part in the continent’s emergence. As a result, the African economic landscape is dotted with more and more wealth funds and investment companies, one of which is Temasek Holdings, the Singaporean sovereign wealth fund. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15773
Temasek diversifies China bets http://www.opalesque.com/SWF_Briefing/?p=15772 http://www.opalesque.com/SWF_Briefing/?p=15772#comments Mon, 18 Aug 2014 03:42:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15772 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15772>Article Link</a> Temasek Holdings has bought into two United States-listed Chinese technology firms, signalling its intent to continue its diversification away from bank holdings. Temasek, directly or through its units, bought 602,139 American Depositary Receipts (ADR) of China’s second-largest e-commerce site JD.com with a market value of US$17.2 million (S$21.4 million), showed a filing with the US Securities and Exchange Commission on Thursday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15772
Singapore’s GIC ramps up Brazil assets http://www.opalesque.com/SWF_Briefing/?p=15771 http://www.opalesque.com/SWF_Briefing/?p=15771#comments Mon, 18 Aug 2014 03:42:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15771 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15771>Article Link</a> The Government of Singapore Investment Corporation (GIC) has acquired an 18.5% stake in Brazilian education company Abril Educacao for an undisclosed price, in its latest move to increase exposure to Latin American assets. Based on the closing share price of Abril, a leading player in the Brazilian primary and secondary education market, on August 14, the stake was worth about US$265 million. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15771
SOFAZ to invest in China’s market http://www.opalesque.com/SWF_Briefing/?p=15770 http://www.opalesque.com/SWF_Briefing/?p=15770#comments Mon, 18 Aug 2014 03:41:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15770 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15770>Article Link</a> Azerbaijan’s state oil fund SOFAZ intends to invest in the Chinese market with the government debt securities, SOFAZ said. China as the second largest economy in the world remains an attractive market for the growing number of foreign investors. Prospects of the Chinese Yuan as an additional investment currency attract considerable interest of various categories of investors, including sovereign wealth funds. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15770
Singapore’s GIC takes 18.5% stake in Brazil education firm http://www.opalesque.com/SWF_Briefing/?p=15769 http://www.opalesque.com/SWF_Briefing/?p=15769#comments Fri, 15 Aug 2014 02:39:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15769 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15769>Article Link</a> Singapore sovereign wealth fund GIC said on Friday it has acquired an 18.5 per cent stake in Brazilian education services company Abril Educacao. GIC did not say how much it paid for the stake in Abril, a leading player in Brazil’s primary and secondary education market. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15769
Temasek acquires US-listed stocks in two Chinese firms http://www.opalesque.com/SWF_Briefing/?p=15768 http://www.opalesque.com/SWF_Briefing/?p=15768#comments Fri, 15 Aug 2014 02:39:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15768 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15768>Article Link</a> Singapore investment company Temasek Holdings has bought US-listed stocks in Chinese consumer and technology firm JD.com Inc and security software maker Cheetah Mobile in the second quarter, according to a Bloomberg report. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15768
Temasek Adds China Holdings With JD.com, Cheetah Stakes http://www.opalesque.com/SWF_Briefing/?p=15767 http://www.opalesque.com/SWF_Briefing/?p=15767#comments Fri, 15 Aug 2014 02:38:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15767 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15767>Article Link</a> Temasek Holdings Pte, Singapore’s state-owned investment firm, purchased U.S.-listed stocks in Chinese technology and consumer firms backed by the country’s billionaires as it diversifies away from bank holdings. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15767
Khazanah’s offer a good exit oppoturnity: Analyst http://www.opalesque.com/SWF_Briefing/?p=15766 http://www.opalesque.com/SWF_Briefing/?p=15766#comments Fri, 15 Aug 2014 02:38:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15766 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15766>Article Link</a> Khazanah Nasional Bhd’s bid to buy up shares in troubled national carrier Malaysian Airline System Bhd (MAS) it does not already own for 27 sen a piece represents a good exit opportunity for minority shareholders, analysts said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15766
Super Fund building in lockdown as Gaza protest escalates http://www.opalesque.com/SWF_Briefing/?p=15765 http://www.opalesque.com/SWF_Briefing/?p=15765#comments Fri, 15 Aug 2014 02:38:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15765 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15765>Article Link</a> Police are guarding the New Zealand Superannuation Fund building in downtown Auckland as pro-Palestinian protesters gather outside. ONE News reporter Helen Castles understands six activists are inside and have chained themselves to an office on level 12. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15765
Balance of Timor-Leste Petroleum Fund at US$16.6 billion in June http://www.opalesque.com/SWF_Briefing/?p=15764 http://www.opalesque.com/SWF_Briefing/?p=15764#comments Fri, 15 Aug 2014 02:38:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15764 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15764>Article Link</a> The Timor-Leste Petroleum Fund had a balance of US$16.6 billion at the end of June, compared to US$15.7 billion at the end of last March, the Central Bank of Timor-Leste announced on Wednesday in Dili. A Central Bank press release concerning the second quarter of the year indicated that gross capital inflows rose to US$1.084 billion, of which nearly US$700 million was due to royalty payments from the National Petroleum Authority. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15764
Tanzania sets up special unit to scrutinise gas revenues and wealth fund http://www.opalesque.com/SWF_Briefing/?p=15763 http://www.opalesque.com/SWF_Briefing/?p=15763#comments Fri, 15 Aug 2014 02:37:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15763 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15763>Article Link</a> Tanzania’s government is forming a special unit to monitor its natural resource revenues from major gas discoveries that promise to lift the country from poverty and free it from dependency on foreign aid in the coming decades. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15763
Norway defends how its wealth fund is run http://www.opalesque.com/SWF_Briefing/?p=15762 http://www.opalesque.com/SWF_Briefing/?p=15762#comments Thu, 14 Aug 2014 03:20:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15762 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15762>Article Link</a> Norway Finance Minister Siv Jensen has said that a probe into the world’s biggest sovereign wealth fund’s purchase of Formula One shares shouldn’t be used as an excuse to tighten oversight of the investor. “We do have control mechanisms to oversee that everything is done in a proper manner - the control board is doing their job,” Ms Jensen said. “Governing of the bank and of the fund has served us very well.” (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15762
CIC Set to be ‘Picky’ and ‘Stingy’ with Asset Managers, Says Consultant http://www.opalesque.com/SWF_Briefing/?p=15761 http://www.opalesque.com/SWF_Briefing/?p=15761#comments Thu, 14 Aug 2014 03:20:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15761 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15761>Article Link</a> Asset managers shouldn’t expect ‘easy money’ from China Investment Corp., even though the world’s fourth largest sovereign wealth fund last week reported a rise in net profit and a healthy increase in its top-line assets that grew to $652 billion in 2013 from $575 billion. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15761
CIC Pays ‘Astonishingly Low’ Money Management Fees – Z-Ben http://www.opalesque.com/SWF_Briefing/?p=15760 http://www.opalesque.com/SWF_Briefing/?p=15760#comments Thu, 14 Aug 2014 03:20:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15760 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15760>Article Link</a> Money managers hoping to win a coveted contract to manage a slice of China’s sovereign wealth have their work cut out for them. China Investment Corp., one of the largest sovereign wealth funds in the world with about $600 billion under management, on Friday reported a 9.3% return on its overseas investments in 2013, compared with a 10.6% return in 2012. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15760
IMF Urges SWF for China’s Casino City http://www.opalesque.com/SWF_Briefing/?p=15759 http://www.opalesque.com/SWF_Briefing/?p=15759#comments Thu, 14 Aug 2014 03:19:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15759 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15759>Article Link</a> Macau has been urged to create a sovereign wealth fund (SWF) and invest the billions in profits made from its engorged gambling industry. The International Monetary Fund (IMF) said the explosion of the betting tourism in the Special Administrative Region (SAR) since 2001 meant its government had received huge revenues over the last decade. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15759
Minorities group backs Khazanah plan for MAS http://www.opalesque.com/SWF_Briefing/?p=15758 http://www.opalesque.com/SWF_Briefing/?p=15758#comments Thu, 14 Aug 2014 03:19:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15758 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15758>Article Link</a> The Minority Shareholder Watchdog Group (MSWG) has supported Malaysia Airlines’ (MAS) proposed privatisation by Khazanah Nasional Bhd, describing it as a reasonable option for minority shareholders to take their investment out of the ailing national carrier. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15758
‘Khazanah Able To Rescue MAS’ http://www.opalesque.com/SWF_Briefing/?p=15757 http://www.opalesque.com/SWF_Briefing/?p=15757#comments Thu, 14 Aug 2014 03:19:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15757 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15757>Article Link</a> Khazanah Nasional Bhd should be given the benefit of engineering the rescue of Malaysia Airlines (MAS), says MIDF Research head Zulkifli Hamzah. He said the delisting of MAS will accord Khazanah greater manoeuvrability to restructure the company and ensure its long-term viability. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15757
Will Sovereign Wealth Funds Become Activist Shareholders? http://www.opalesque.com/SWF_Briefing/?p=15756 http://www.opalesque.com/SWF_Briefing/?p=15756#comments Thu, 14 Aug 2014 03:19:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15756 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15756>Article Link</a> There are some concerns as to whether Sovereign Wealth Funds (SWFs) will become activist shareholders because of an equivocation of the term “activist”, notes Harvard Law School Forum. June Rhee, Co-editor of HLS Forum on Corporate Governance and Financial Regulation in the recent post dated August 7, 2014 titled: “Sovereign Shareholder Activism: How SWFs Can Engage in Corporate Governance” notes activism is linked to the increasing importance of corporate governance. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15756
Timor-Leste SWF hits 40% equities allocation http://www.opalesque.com/SWF_Briefing/?p=15755 http://www.opalesque.com/SWF_Briefing/?p=15755#comments Wed, 13 Aug 2014 04:08:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15755 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15755>Article Link</a> The Central Bank of Timor-Leste has released the Quarterly Report of the Petroleum Fund of Timor-Leste for the second quarter of 2014, during which period the fund hit its new target of investing 40% of its assets-under-management in equities. The portfolio return in the quarter was 2.66% compared with the benchmark return of 2.73% – meaning that since the fund’s inception nine years ago, overall returns are exactly in line with the benchmark. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15755
CVC in talks with Singapore’s GIC over Holcim-Lafarge assets http://www.opalesque.com/SWF_Briefing/?p=15754 http://www.opalesque.com/SWF_Briefing/?p=15754#comments Wed, 13 Aug 2014 04:07:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15754 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15754>Article Link</a> Private equity firm CVC is in talks with Singapore’s Government Investment Corporation over possible joint bids for assets of cement firms Holcim and Lafarge, Sky News reported on Tuesday, without naming its sources. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15754
CVC Looks To Cement Deal With Sovereign Funds http://www.opalesque.com/SWF_Briefing/?p=15753 http://www.opalesque.com/SWF_Briefing/?p=15753#comments Wed, 13 Aug 2014 04:07:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15753 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15753>Article Link</a> The private equity firm CVC Capital Partners is joining forces with some of the world’s biggest sovereign wealth funds to bid for £4bn of cement assets that would make it a major player in the building materials sector. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15753
China’s sovereign wealth giant seeks overseas investments http://www.opalesque.com/SWF_Briefing/?p=15752 http://www.opalesque.com/SWF_Briefing/?p=15752#comments Wed, 13 Aug 2014 04:07:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15752 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15752>Article Link</a> China Investment Corporation (CIC), a sovereign wealth fund responsible for managing the country’s foreign exchange reserves, has vowed to diversify its portfolio. Interest in overseas investment has been on the rise in China, particularly since it became clear that the renminbi is no longer a one-way bet on appreciation. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15752
Funds Switch View On China: HKMA http://www.opalesque.com/SWF_Briefing/?p=15751 http://www.opalesque.com/SWF_Briefing/?p=15751#comments Wed, 13 Aug 2014 04:07:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15751 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15751>Article Link</a> The unusually large flows have kept the HKMA busy as it has been forced to inject more than 75 billion Hong Kong dollars (US$9.7 billion) into the foreign exchange market in a bid to cool down the local currency, which has been hitting the strong side of the band that it’s allowed to trade in. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15751
Dr M: Full Khazanah ownership will not revive MAS http://www.opalesque.com/SWF_Briefing/?p=15750 http://www.opalesque.com/SWF_Briefing/?p=15750#comments Wed, 13 Aug 2014 04:07:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15750 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15750>Article Link</a> Former Malaysian prime minister Mahathir Mohamad yesterday criticised the takeover of Malaysia Airlines by Khazanah Nasional, the country’s sovereign wealth fund, saying full ownership of the beleaguered carrier was not likely to make a difference. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15750
Former PM criticises de-listing of Malaysia Airlines by sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=15749 http://www.opalesque.com/SWF_Briefing/?p=15749#comments Wed, 13 Aug 2014 04:06:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15749 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15749>Article Link</a> Influential former prime minister Mahathir Mohamad on Tuesday criticised the takeover of crisis-hit Malaysia Airlines by the country’s sovereign wealth fund as a recipe for more losses by the carrier. Sovereign fund Khazanah Nasional, which has controlled the airline for years via a 70 percent ownership stake, said last Friday it plans to buy all remaining shares, de-list the stock, and take the carrier private before undertaking a “complete overhaul”. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15749
NZ Superannuation fund linked to fighting in Gaza http://www.opalesque.com/SWF_Briefing/?p=15748 http://www.opalesque.com/SWF_Briefing/?p=15748#comments Wed, 13 Aug 2014 04:06:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15748 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15748>Article Link</a> There are calls for the NZ Superannuation Fund to drop its shareholding in an Israeli chemical company that produces a lethal chemical allegedly used in fighting in Gaza. Labour’s foreign affairs and energy spokesman David Shearer and the Peace Foundation are calling for the NZ Superannuation Fund to immediately drop its shareholding in Israel Chemicals Ltd, a manufacturer of white phosphorus. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15748
SOFAZ invests over $2 bln in Southern Gas Corridor CJSC http://www.opalesque.com/SWF_Briefing/?p=15747 http://www.opalesque.com/SWF_Briefing/?p=15747#comments Wed, 13 Aug 2014 04:06:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15747 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15747>Article Link</a> Azerbaijan’s state oil fund SOFAZ, an entity that accumulates and manages Azerbaijan’s oil and gas revenues, has invested $2.164 billion in Southern Gas Corridor Closed Joint Stock Company in the long term, SOFAZ said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15747
Norway oil fund boosts active ownership http://www.opalesque.com/SWF_Briefing/?p=15746 http://www.opalesque.com/SWF_Briefing/?p=15746#comments Wed, 13 Aug 2014 04:06:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15746 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15746>Article Link</a> Norway’s huge sovereign wealth fund that’s fueled by oil revenues has taken another step towards what it calls its “active ownership” in publicly traded companies. Its latest step also addresses critics looking for more openness by fund managers. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15746
Norwegian Sovereign Wealth Fund Keeps Diversifying Portfolio http://www.opalesque.com/SWF_Briefing/?p=15745 http://www.opalesque.com/SWF_Briefing/?p=15745#comments Wed, 13 Aug 2014 04:05:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15745 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15745>Article Link</a> The Norwegian sovereign wealth fund invested in real estate in London, buying a 343 million-pound asset in the Mayfair district. According to Norges Bank Investment Management, the fund bought a 57.8% share in estate between Regent Street and Bond Street from the Church Commissioners for England. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=15745