Opalesque Sovereign Wealth Funds Briefing » Investment

Norwegian sovereign wealth fund investing $4bln in India

VRS — Fri, 17 May 2013 01:22:24 +0000

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Australia’s Future Fund investment wizardry

VRS — Thu, 16 May 2013 01:25:02 +0000

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Severn Trent rejects takeover approach by Kuwait-led group

VRS — Thu, 16 May 2013 01:23:48 +0000

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Severn Trent bid leads utilities higher

VRS — Thu, 16 May 2013 01:23:32 +0000

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Severn Trent rejects takeover approach from KIA and Canada’s Borealis

VRS — Wed, 15 May 2013 03:47:05 +0000

Severn Trent has rejected an approach from a consortium of Canadian and Kuwaiti investors, saying the £5.3bn proposal is too low. The FTSE 100 company, which supplies water to more than 4.2m households, met with Canada’s Borealis, the Kuwait Investment Office and the Universities Superannuation Scheme yesterday, causing Severn Trent’s shares to jump 14pc. (more…)

Kuwait-led group in takeover approach for U.K. water utility

VRS — Wed, 15 May 2013 03:46:55 +0000

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Here is a portfolio model that works

VRS — Wed, 15 May 2013 03:45:05 +0000

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Citic Capital, Temasek to buy Chinese software firm Asiainfo for $900 mln

VRS — Tue, 14 May 2013 04:46:59 +0000

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Canary Wharf, Qatar win backing for London Shell Centre Project

VRS — Tue, 14 May 2013 04:46:35 +0000

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Sovereign wealth funds in GCC focus more on local investments

VRS — Mon, 13 May 2013 00:56:31 +0000

While they continue to reduce dependence on energy resources, GCC countries are increasingly spending locally and redirecting a greater portion of foreign investments back into the region. According to a report by KPMG specialists released on Thursday, the shift is due to the debt problems afflicting the European Union and the Arab Spring, among other factors. (more…)

Malaysia sovereign wealth fund backs $1.37bln China Galaxy IPO

VRS — Mon, 13 May 2013 00:54:33 +0000

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Neiman Marcus to pursue sovereign-fund buyer

VRS — Mon, 13 May 2013 00:54:19 +0000

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Qatar’s sovereign wealth eyeing more trophy assets

VRS — Fri, 10 May 2013 03:40:13 +0000

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Qatar’s Katara in talks to buy ‘iconic’ hotels in London to Rome

VRS — Fri, 10 May 2013 03:40:01 +0000

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CIC returns to debt markets for Winchester House

VRS — Fri, 10 May 2013 03:39:12 +0000

China Investment Corporation (CIC), the country’s biggest sovereign wealth fund, has returned to the debt markets to seek to leverage last year’s acquisition of Winchester House in the City seeking around £160m in senior debt. CIC acquired the 310,000 sq ft Winchester House from KanAm, the German open-ended property fund manager, for £245m last November with agreed financing term sheets from Wells Fargo and Deutsche Pfandbriefbank (PBB). (more…)

Future Fund misses big gains with Telstra sale

VRS — Thu, 09 May 2013 03:41:18 +0000

The Future Fund has released its portfolio update for March and overall it is an impressive result, with the fund gaining 3.4% for the quarter and increasing 10.6% for the nine months to 31 March 2013. Since being created by the Howard government in May 2006, the Future Fund has returned a respectable 5.7% per annum. (more…)

GIC among investors in $8.5bln buyout of US software firm

VRS — Wed, 08 May 2013 02:39:56 +0000

The Government of Singapore Investment Corp (GIC) has taken a stake in the third-largest private equity deal of the year. The investment firm is among a group of investors that will pay US$6.9 billion (S$8.5 billion) in cash to buy American company BMC Software and take it private, according to a statement released by BMC. (more…)

Sunshine Oilsands to raise C$300mln with debt this year for expansion

VRS — Wed, 08 May 2013 02:39:26 +0000

Sunshine Oilsands, a developer of oil sands projects in Canada, plans to raise C$300 million (HK$2.3 billion) this year by issuing debt to fund expansion. The Hong Kong and Toronto-listed firm is 30.9 per cent owned by China Petroleum & Chemical (Sinopec), sovereign wealth fund manager China Investment Corp, and the Hong Kong asset management arms of Bank of China and China Life Insurance. (more…)

Azeri state oil fund to invest $500 mln in VTB

VRS — Tue, 07 May 2013 03:51:34 +0000

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UK projects at risk after China funding threat

VRS — Tue, 07 May 2013 03:51:20 +0000

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Asia urged to ‘welcome’ SWF cash

VRS — Mon, 06 May 2013 02:30:10 +0000

Sovereign wealth funds must be encouraged to invest in emerging markets, to make up for the drought of long-term investment. The ADB and other multilateral development banks need to “catalyze” money from sovereign wealth funds (SWFs) in order to tap into a rich seam of wealth that could help close the threatened funding gap for infrastructure and other long-term projects, a private equity specialist said. (more…)

House of Fraser held sale talks with Qatari investors

VRS — Mon, 06 May 2013 02:28:46 +0000

House of Fraser has held talks with Qatari investors about a potential takeover of the UK department store chain, in further indication that the retailer is amenable to a sale. Qatari investors have a record of buying prestigious department stores in Britain, such as the 2010 acquisition of Harrods by Qatar Holding, the direct investment arm of the Qatar Investment Authority. (more…)

Singapore fund closes in on $500mln Markit deal

VRS — Fri, 03 May 2013 03:35:55 +0000

Singapore’s principal sovereign wealth fund is close to sealing a $500m (£320m) deal to buy a stake in Markit Group, one of Britain’s fastest-growing financial services companies. I understand that Temasek Holdings, which is among the most powerful state-backed funds in the world, is now in advanced negotiations about acquiring the shareholding ahead of a US flotation of Markit. (more…)

Temasek mulls stake in Markit

VRS — Fri, 03 May 2013 03:35:24 +0000

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Norwegian fund urges China to open up to investors

VRS — Thu, 02 May 2013 03:42:09 +0000

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Singapore Bank no longer world safest with Qatar tops

VRS — Thu, 02 May 2013 03:40:59 +0000

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French sovereign wealth fund buys Technicolor stake

VRS — Tue, 30 Apr 2013 04:26:21 +0000

France’s FSI sovereign-wealth fund said it had bought a stake in Technicolor to support the digital video specialist’s plan to cut debt and boost cash flow by 2015.The FSI fund gave no financial details, but said in a statement on Monday that it and state bank Caisse des Depots together now held 7.5 percent of Technicolor’s share capital.Caisse des Depots owned 6.3 percent of Technicolor as of March 20, implying the FSI has purchased a 1.2 percent stake. (more…)

Qatar commits to Russian bank’s $3bln share deal

VRS — Tue, 30 Apr 2013 04:25:18 +0000

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VTB Bank draws wealth fund investors for $3 bln SPO

VRS — Tue, 30 Apr 2013 04:25:00 +0000

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Norway, Qatar and Azeri sovereign wealth funds buy into Russia’s VTB

VRS — Tue, 30 Apr 2013 04:24:46 +0000

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SOFAZ buys shares of VTB Bank

VRS — Tue, 30 Apr 2013 04:24:25 +0000

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Azerbaijani State Oil Fund intends to purchase Russian large bank’s shares

VRS — Tue, 30 Apr 2013 04:23:46 +0000

On April 26, 2013, the Supervisory Board of VTB Bank announced that it had resolved to attract new capital in amount of up to Rub 102.5bn through the issuance of 2.5 trillion new ordinary shares (”New Shares”) by way of an open subscription at a price of Rub 0.041 per Share (the “Offering”), VTB said. (more…)

Bahrain fund won’t increase Gulf Air investment

VRS — Tue, 30 Apr 2013 04:22:36 +0000

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VTB said to draw Norway, Qatar wealth to $3.3 bln share sale

VRS — Mon, 29 Apr 2013 03:02:17 +0000

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Norway’s sovereign wealth fund to become more active

VRS — Mon, 29 Apr 2013 03:01:09 +0000

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Kuwait sovereign fund to invest in infrastructure

VRS — Mon, 29 Apr 2013 02:59:39 +0000

The Kuwait Investment Authority (KIA), the sovereign wealth fund, has long been known both for its integrity and cautious approach to investment. But several recent initiatives point to the growing difficulty of being conservative in a world of virtually zero interest rates and modest yields — and a world in which inflation is low today but may be much higher tomorrow. (more…)

China fund chief criticizes U.S. investment review

VRS — Fri, 26 Apr 2013 03:57:29 +0000

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Sovereign fund would supply big investment return: expert

VRS — Fri, 26 Apr 2013 03:55:57 +0000

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Azerbaijan oil fund sets investment radar on Asia

VRS — Fri, 26 Apr 2013 03:55:12 +0000

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Norway wealth fund mulls selling oil firms that work in E.Guinea

VRS — Thu, 25 Apr 2013 03:18:52 +0000

Norway’s sovereign wealth fund is looking into selling off shares in oil firms that work in Equatorial Guinea, where oil revenue does nothing to relieve abject poverty, the fund’s ethics council said, a list that includes Exxon Mobil. The Norwegian Pension Fund Global was Exxon Mobil’s tenth-largest shareholder at end-2012 with some 16 billion crowns ($2.7 billion) worth of shares, or a stake of 0.81 percent. (more…)

Samruk-Kazyna to implement 83 projects worth over $51 bln

VRS — Thu, 25 Apr 2013 03:17:18 +0000

Samruk-Kazyna National Welfare Fund plans to implement 83 investment projects worth over $51 billion, Tengrinews.kz reports citing the fund’s press-service.“The fund is currently taking part in implementation of 100 investment projects worth over $82 billion via its major branches. The fund is additionally considering implementation of another 83 investment projects worth $51.7 billion,” the message states. (more…)

Kuwait Investment Authority: Integrity and caution are no handicap

VRS — Wed, 24 Apr 2013 03:31:41 +0000

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Massive sovereign wealth fund gobbles up JGB – UBS

VRS — Tue, 23 Apr 2013 03:43:30 +0000

Market attention is now shifting to the Government Pension Investment Fund in Japan. This giant asset manager has Y111.9trn ($1.19trn). It is not a sovereign wealth fund, however its size is likely to exceed established sovereign wealth funds globally. Currently, GPIF has around 60% of its assets in Japanese government and state FILP bonds. (more…)

Alaska oil wealth fund’s India exposure crosses Rs. 1,000 crore

VRS — Mon, 22 Apr 2013 03:31:10 +0000

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Khazanah set to call TIME on 45pct stake

VRS — Mon, 22 Apr 2013 03:30:45 +0000

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Ministry to partner sovereign fund authority on infrastructure

VRS — Mon, 22 Apr 2013 03:30:06 +0000

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Chinese investment in Europe hits record high

VRS — Wed, 17 Apr 2013 01:46:10 +0000

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Qatar says focusing in on German investments

VRS — Wed, 17 Apr 2013 01:45:56 +0000

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Africa’s SWF: Investing for tomorrow

VRS — Wed, 17 Apr 2013 01:45:43 +0000

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Sun Life Financial and Khazanah Nasional acquire CIMB Aviva for $602mln

VRS — Tue, 16 Apr 2013 01:11:21 +0000

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Kuwaiti group invests in $15bln project

VRS — Mon, 15 Apr 2013 03:36:48 +0000

The Kuwait Investment Authority is investing in the $15bn Hudson Yards office property project in Manhattan in a deal that illustrates how conservative sovereign wealth funds are taking on greater risk in the pursuit of higher returns. Sovereign wealth funds typically buy premier buildings for their rental yields or invest in real estate funds managed by private equity groups. (more…)

Qatar SWF has ‘no global mission to conquer the world’

VRS — Mon, 15 Apr 2013 03:36:35 +0000

Experts say the country’s sovereign wealth fund is only focussed on investments with high returns. Bankers and politicians touting their countries’ wares have to work hard to get the attention of Qatar’s sovereign wealth fund, such is the range of its interests, from banks to cars to soccer clubs, and its exacting requirement for returns. (more…)

Goldman Sachs Group and GIC joint investment iKang hundred million dollars

VRS — Mon, 15 Apr 2013 03:35:22 +0000

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Singapore SWF arm to pick 2.6pct in Kotak Bank for Rs 1,296 cr

VRS — Mon, 15 Apr 2013 03:34:30 +0000

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Temasek, US funds bid S$13.6bln for Life Technologies

VRS — Fri, 12 Apr 2013 04:39:21 +0000

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Qatar buys its way to the top of Europe

VRS — Thu, 11 Apr 2013 04:49:17 +0000

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CIC eyes infrastructure investment in Europe, US

VRS — Wed, 10 Apr 2013 04:23:04 +0000

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Investors including Temasek bid more than S$14.8bln for Life Tech

VRS — Wed, 10 Apr 2013 04:22:49 +0000

US private equity giant KKR and other large American investors such as Blackstone Group, Carlyle Group, TPG Capital as well as Singapore investment giant Temasek Holdings are joining hands to bid more than US$12 billion (S$14.8 billion) for Life Technologies Corp, The New York Post reported on Tuesday, citing a person with knowledge of the matter. (more…)

Temasek Holdings sets up new unit to invest in LNG

VRS — Wed, 10 Apr 2013 04:22:35 +0000

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Greenko shareholders back GBP100mln investment from Singapore

VRS — Wed, 10 Apr 2013 04:22:21 +0000

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