Opalesque Sovereign Wealth Funds Briefing » Fund Management/Administration http://www.opalesque.com/SWF_Briefing Fri, 28 Aug 2015 02:37:30 +0000 http://wordpress.org/?v=2.5.1 en 1MDB ‘partner’ SACKS its CEO ahead of global graft meet http://www.opalesque.com/SWF_Briefing/?p=18135 http://www.opalesque.com/SWF_Briefing/?p=18135#comments Mon, 24 Aug 2015 03:21:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18135 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18135>Article Link</a> Prime Minister Najib Razak can threaten all he likes, arrest as many critics he wishes, have his henchmen make the most outlandish statements but calls for his resignation won’t go away. There’s nothing he can do to repair his mauled reputation, nothing how many hundreds of million he continues to squanders on foreign publicists. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18135
Malaysia’s sovereign fund scandal: 1 Messy Debt Business http://www.opalesque.com/SWF_Briefing/?p=18077 http://www.opalesque.com/SWF_Briefing/?p=18077#comments Mon, 17 Aug 2015 03:03:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18077 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18077>Article Link</a> Malaysian Prime Minister Najib Razak is fighting for political survival after being dragged into the centre of a scandal surrounding state fund 1Malaysia Development Berhad (1MDB). Here’s a breakdown of what is at stake for the southeast Asian country. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18077
Boris Picks Truell To Lead Wealth Fund Drive http://www.opalesque.com/SWF_Briefing/?p=18074 http://www.opalesque.com/SWF_Briefing/?p=18074#comments Fri, 14 Aug 2015 03:18:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18074 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18074>Article Link</a> A top City financier is to spearhead Boris Johnson’s drive to create a multibillion pound sovereign wealth fund that would invest in housing and infrastructure across the UK. Edi Truell will step down as chairman of the London Pensions Fund Authority (LPFA) next month‎ in order to take up a new role as Mr Johnson’s advisor on pensions and investments. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18074
Abu Dhabi Sovereign Fund Unit CEO Departs, CIO Said to Leave http://www.opalesque.com/SWF_Briefing/?p=18059 http://www.opalesque.com/SWF_Briefing/?p=18059#comments Wed, 12 Aug 2015 03:30:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18059 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18059>Article Link</a> Nazem Al Kudsi, the chief executive officer of Abu Dhabi Investment Company, a unit of sovereign wealth fund Abu Dhabi Investment Council, has left after seven years at the firm, the company said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18059
Norway oil fund chief fears boards neglecting core task http://www.opalesque.com/SWF_Briefing/?p=18044 http://www.opalesque.com/SWF_Briefing/?p=18044#comments Mon, 10 Aug 2015 01:54:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18044 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18044>Article Link</a> The world’s biggest sovereign wealth fund is increasingly concerned that company boards are overburdened and in danger of losing out to private equity groups in recruiting the best directors. Yngve Slyngstad, chief executive of the manager of Norway’s $870bn oil fund, told the Financial Times that listed companies were neglecting their core role of making their businesses more profitable. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18044
Norway’s oil fund forced to find new philosophy http://www.opalesque.com/SWF_Briefing/?p=18043 http://www.opalesque.com/SWF_Briefing/?p=18043#comments Mon, 10 Aug 2015 01:54:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18043 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18043>Article Link</a> As you might expect of somebody who once spent six months alone in an Arctic cabin studying Kant, Hegel and Heidegger, Yngve Slyngstad is something of a corporate philosopher. The chief executive of the world’s largest sovereign wealth fund, Norway’s oil fund, is not content with trying to make more money for the local population. He is also thinking deeply about how companies and markets work. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18043
Norway oil fund chief jettisons passivity http://www.opalesque.com/SWF_Briefing/?p=18042 http://www.opalesque.com/SWF_Briefing/?p=18042#comments Mon, 10 Aug 2015 01:54:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18042 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18042>Article Link</a> As befits somebody who once spent six months alone in a remote Arctic cabin studying Kant, Hegel and Heidegger, Yngve Slyngstad is something of a corporate philosopher. Mr Slyngstad, who heads Norway’s oil fund, the world’s largest sovereign wealth fund, is not merely content with trying to make more money for the local population. He is also thinking deeply about how companies and markets work. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18042
Can Putin Save Russia’s Struggling Companies? http://www.opalesque.com/SWF_Briefing/?p=18033 http://www.opalesque.com/SWF_Briefing/?p=18033#comments Fri, 07 Aug 2015 02:16:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18033 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18033>Article Link</a> The government and central bank are spending billions trying. The government says it’s prepared to spend as much as 60 percent of a $75 billion sovereign wealth fund to help provide financing for companies as well as major industrial and infrastructure projects. It’s also pressuring the central bank to expand its project finance program. Including the money in the sovereign wealth funds, the government has $358 billion in foreign currency reserves and gold. So why not put some to work aiding businesses? (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18033
Papua New Guinea: Managing Sovereign Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=18016 http://www.opalesque.com/SWF_Briefing/?p=18016#comments Tue, 04 Aug 2015 00:57:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18016 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18016>Article Link</a> Director of the Institute of National Affairs, Paul Barker, said the Sovereign Wealth Fund (SWF) must be managed properly with the highest principle of governance. Barker gave an insight into the newly passed bill saying the sovereign wealth fund depends highly on its stabilisation and savings components. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18016
Najib says Qatar, China interested in 1MDB assets http://www.opalesque.com/SWF_Briefing/?p=18001 http://www.opalesque.com/SWF_Briefing/?p=18001#comments Mon, 03 Aug 2015 02:58:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=18001 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=18001>Article Link</a> Malaysian Prime Minister Najib Razak said Qatar and China have expressed an interest in the assets of debt-laden state fund 1Malaysia Development Bhd (1MDB), state news agency Bernama reported. 1MDB, the centre of several investigations over graft and its management of funds, is seeking to offload assets parked under its power unit Edra Global Energy Bhd, and sell developmental rights in its high-profile property projects. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=18001
This is the wealth of the Libyan people and it has to come home http://www.opalesque.com/SWF_Briefing/?p=17999 http://www.opalesque.com/SWF_Briefing/?p=17999#comments Mon, 03 Aug 2015 02:58:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17999 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17999>Article Link</a> Libya is a monkey box,” London-based financial adviser Mohammed Rashid told Bloomberg last August, using a local metaphor to describe a chaotic and unpredictable situation. “You see the chairman of the National Council or whatever it’s called appearing on television wearing slippers and holding a Kalashnikov. They have no idea what they have, and what they have, they steal.” (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17999
Managing Libya’s $67bn Sovereign Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=17990 http://www.opalesque.com/SWF_Briefing/?p=17990#comments Fri, 31 Jul 2015 00:59:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17990 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17990>Article Link</a> Libya is complicated. With two rival governments, controlling rival armies that themselves contain competing factions, it’s hardly surprising that control of one of Libya’s biggest assets, its $67-billion sovereign wealth fund, is also contested. To some extent, the battle for control of the Libyan Investment Authority (LIA) mirrors the divisions within Libya itself, while the seemingly random bag of assets that it owns could be a metaphor for the chaos afflicting so many aspects of Libyan society. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17990
Will Goodman bear the cost of China’s $2.45bn Investa swoop? http://www.opalesque.com/SWF_Briefing/?p=17968 http://www.opalesque.com/SWF_Briefing/?p=17968#comments Wed, 29 Jul 2015 02:55:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17968 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17968>Article Link</a> China Investment Corporation’s $2.45 billion outlay on Investa’s portfolio of Australian skyscrapers has revived expectations the ­sovereign wealth fund will shed its $1bn-plus exposure to listed warehouser Goodman Group. While the Chinese heavyweight is not short on capital — its total assets under management climbed by $US93bn ($127bn) to $US750bn last year — the fund dislikes stakes in publicly owned property managers. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17968
ADIA names head of Japan for the fund’s internal equities department http://www.opalesque.com/SWF_Briefing/?p=17963 http://www.opalesque.com/SWF_Briefing/?p=17963#comments Wed, 29 Jul 2015 02:53:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17963 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17963>Article Link</a> Hisashi Kuroda joined the Abu Dhabi Investment Authority’s internal equities department as head of Japan, ADIA announced in a news release Tuesday. Kuroda replaces David Greenhalgh, who left in mid-2014 after more than a decade with ADIA to become chief investment officer of London-based New Chapel Asset Management. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17963
Nigeria: Obi - Only the President Approves ECA Disbursement http://www.opalesque.com/SWF_Briefing/?p=17960 http://www.opalesque.com/SWF_Briefing/?p=17960#comments Wed, 29 Jul 2015 02:53:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17960 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17960>Article Link</a> A former Governor of Anambra State, Mr. Peter Obi, has condemned recent allegations that a former Minister of Finance, Dr. Ngozi Okonjo-Iweala, supervised the alleged embezzlement of some funds from the Excess Crude Account (ECA). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17960
Korea SWF announces its external managers of the year for 2014 http://www.opalesque.com/SWF_Briefing/?p=17956 http://www.opalesque.com/SWF_Briefing/?p=17956#comments Tue, 28 Jul 2015 01:21:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17956 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17956>Article Link</a> The $86 billion Korea Investment Corp. bestowed its “manager of the year” honor on AQR Capital Management for 2014, the second year in a row the sovereign wealth recognized the firm. But for the first time since the program’s 2010 launch, Seoul-based KIC honored managers in five separate categories instead of choosing a single manager. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17956
Leaked cables on the failed leadership transition of Temasek Holdings http://www.opalesque.com/SWF_Briefing/?p=17935 http://www.opalesque.com/SWF_Briefing/?p=17935#comments Fri, 24 Jul 2015 03:06:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17935 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17935>Article Link</a> 6 years ago, the intended leadership transition of the Temasek’s Chief Executive Officer between former BHP Billiton chief Charles ‘Chip’ Goodyear and Mdm Ho Ching came to an abrupt stop when the private investment company announced the departure of Goodyear due to differences between him and the board of directors regarding certain strategic issues that could not be resolved. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17935
PM Najib feels the heat as 1MDB melts down http://www.opalesque.com/SWF_Briefing/?p=17923 http://www.opalesque.com/SWF_Briefing/?p=17923#comments Thu, 23 Jul 2015 03:18:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17923 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17923>Article Link</a> In the spring of 2013, Song Dal Sun, head of securities investment at Seoul-based Hanwha Life Insurance, sat down to a presentation by a Goldman Sachs banker. The young Goldman salesman, who had flown in from Hong Kong, made a pitch for bonds to be issued by 1MDB, a state-owned company closely tied to Malaysian Prime Minister Najib Abdul Razak. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17923
Rival Chairmen Hit Deadlock Over Libya’s $67bn Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=17917 http://www.opalesque.com/SWF_Briefing/?p=17917#comments Wed, 22 Jul 2015 03:40:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17917 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17917>Article Link</a> In a country riven by civil war and rival governments, the Libyan Investment Authority (LIA) is itself torn by competing factions. Mr Breish has an office in Tripoli where he says he is chairman of LIA, while another man, Hassan Bouhadi, runs another LIA head office from Malta, also claiming to be chairman. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17917
The leadership battle at the top of Libya’s sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=17898 http://www.opalesque.com/SWF_Briefing/?p=17898#comments Mon, 20 Jul 2015 02:27:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17898 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17898>Article Link</a> The fund is supposed to manage the nation’s oil wealth for the good of its war-torn people, but is itself driven by leadership rivalries. “Do you see any bruises on my face? I just came from Tripoli yesterday. There is no violence in Tripoli.” It is a bracing start to an interview about the usually reserved world of sovereign wealth funds. But AbdulMagid Breish is no ordinary fund manager, and his situation is unusually complicated. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17898
Libya’s $67 billion frozen funds must remain on ice says would-be investment chief http://www.opalesque.com/SWF_Briefing/?p=17897 http://www.opalesque.com/SWF_Briefing/?p=17897#comments Mon, 20 Jul 2015 02:27:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17897 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17897>Article Link</a> A would-be leader of Libya’s $67 billion sovereign wealth fund warned on Friday that conditions were not right to start unfreezing and managing the funds assets, speaking out against a rival’s plan. The fund has yet to be fully untangled after the ouster of Muammar Gaddafi four years ago. It is at the centre of a bitter power struggle even as its staff are trying to trace those responsible for billions of dollars of missing money. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17897
Libya: Freeze Libyan sovereign fund till unification, Breish http://www.opalesque.com/SWF_Briefing/?p=17896 http://www.opalesque.com/SWF_Briefing/?p=17896#comments Mon, 20 Jul 2015 02:26:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17896 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17896>Article Link</a> Abdul Magid Breish, once the undisputed leader of the Libyan Investment Authority (LIA), has warned that the country’s $67 billion sovereign wealth fund should continue to be frozen “until we have total stability.” (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17896
After decades of prudence, Singapore is well prepared for most eventualities http://www.opalesque.com/SWF_Briefing/?p=17890 http://www.opalesque.com/SWF_Briefing/?p=17890#comments Fri, 17 Jul 2015 03:11:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17890 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17890>Article Link</a> The full extent of the country’s reserves is a closely guarded secret. They are managed by the Monetary Authority of Singapore (MAS, the central bank) and two sovereign-wealth funds, the Government of Singapore Investment Corporation (GIC) and Temasek Holdings. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17890
Qatar fund’s ex-head sticks with EU assets http://www.opalesque.com/SWF_Briefing/?p=17885 http://www.opalesque.com/SWF_Briefing/?p=17885#comments Thu, 16 Jul 2015 01:03:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17885 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17885>Article Link</a> While most sovereign wealth funds in the Gulf are moving away from European trophy assets, Sheikh Hamad Bin Jassim Bin Jabr Al Thani is sticking to a strategy honed as head of the Qatar Investment Authority (QIA). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17885
Adia accelerates in-sourcing push http://www.opalesque.com/SWF_Briefing/?p=17872 http://www.opalesque.com/SWF_Briefing/?p=17872#comments Wed, 15 Jul 2015 02:28:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17872 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17872>Article Link</a> Abu Dhabi Investment Authority’s move to bring more of its asset management in-house is gathering pace. Adia is estimated to have assets under management of between $600 billion and $800 billion and, up until three years ago, external managers ran 80% of that. Its 2014 report, released in June, shows that figure has fallen to 65%, from 75% the year before. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17872
Malaysian Financier Tied to Inquiry Into 1MDB http://www.opalesque.com/SWF_Briefing/?p=17843 http://www.opalesque.com/SWF_Briefing/?p=17843#comments Fri, 10 Jul 2015 01:59:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17843 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17843>Article Link</a> Malaysian authorities have received information about the accounts of a young Malaysian financier as part of a probe into allegations of misallocation of money from a controversial state investment fund overseen by Prime Minister Najib Razak, according to documents related to the probe. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17843
Investigators raid Malaysia fund after misappropriation claims http://www.opalesque.com/SWF_Briefing/?p=17835 http://www.opalesque.com/SWF_Briefing/?p=17835#comments Thu, 09 Jul 2015 01:04:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17835 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17835>Article Link</a> Malaysian investigators have raided the offices of the state investment fund at the heart of an alleged misappropriation scandal that has left the prime minister battling to stay in power. Police vehicles swooped on 1 Malaysia Development Berhad’s offices in Kuala Lumpur on Wednesday, five days after claims surfaced that almost $700m linked to the fund was paid to a bank account in the name of Najib Razak, the country’s premier. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17835
Libya investment fund seeks management right amid freeze http://www.opalesque.com/SWF_Briefing/?p=17827 http://www.opalesque.com/SWF_Briefing/?p=17827#comments Thu, 09 Jul 2015 01:02:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17827 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17827>Article Link</a> The head of the Libyan Investment Authority (LIA) has launched a campaign to try to convince the world - and Libyans - that it should be allowed to actively manage the portfolio’s roughly $67 billion in assets. Hassan Bouhadi, the chairman of the LIA appointed by the internationally recognised government now based in eastern Libya, said he would appeal to the United Nations, the European Union and the United States for exemptions to sanctions that have frozen the group’s investments since 2011. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17827
We want partnerships with global financial institutions: Hassan Bouhadi LIA chairman http://www.opalesque.com/SWF_Briefing/?p=17815 http://www.opalesque.com/SWF_Briefing/?p=17815#comments Wed, 08 Jul 2015 02:31:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17815 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17815>Article Link</a> ‘‘Our aim at the LIA is to stay above the political fray. Appointing a Receiver is the right and responsible thing to do’’, explained Hassan Bouhadi, the chairman of the Libya Investment Authority (LIA) in London speaking exclusively to Libya Herald. Bouhadi was in the LIA’s London office overseeing the High Court case last Thursday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17815
Sharing ECA dangerous - FRC http://www.opalesque.com/SWF_Briefing/?p=17814 http://www.opalesque.com/SWF_Briefing/?p=17814#comments Wed, 08 Jul 2015 02:30:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17814 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17814>Article Link</a> Acting chairman of the Fiscal Responsibility Commission (FRC) Raymond Omachi has warned that sharing the outstanding balance in the Excess Crude Account (ECA) is dangerous for the country. He disclosed this during an interactive session with journalists in Abuja at the weekend. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17814
Former CB governor Moyana to chair Sovereign Wealth Fund board http://www.opalesque.com/SWF_Briefing/?p=17803 http://www.opalesque.com/SWF_Briefing/?p=17803#comments Tue, 07 Jul 2015 02:29:50 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17803 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17803>Article Link</a> Zimbabwe’s former central bank governor Kombo Moyana has been appointed as board chair of the country’s Sovereign Wealth Fund. President Robert Mugabe last year signed into law a bill to set up the fund, meant to secure INVESTMENTS for future generations and support economic growth. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17803
China’s sovereign wealth fund boosts exposure to equities http://www.opalesque.com/SWF_Briefing/?p=17801 http://www.opalesque.com/SWF_Briefing/?p=17801#comments Mon, 06 Jul 2015 02:08:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17801 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17801>Article Link</a> China’s sovereign wealth fund, China Investment Corp, has shifted its exposure “moderately” from sovereign bonds to equities and is pursuing infrastructure investments in developed countries, according to its chairman. CIC released its 2014 annual report on Friday, revealing a 5.47 per cent return on its investments last year, down from 9.33 per cent in 2013. The fund was established in September 2007 and has some $740bn under management. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17801
Zimbabwe: exRBZ Govenor Kombo Moyana Appointed Sovereign Wealth Fund Boss http://www.opalesque.com/SWF_Briefing/?p=17793 http://www.opalesque.com/SWF_Briefing/?p=17793#comments Mon, 06 Jul 2015 02:05:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17793 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17793>Article Link</a> Zimbabwe’s former central bank governor Kombo Moyana has been appointed as board chair of the country’s Sovereign Wealth Fund. President Robert Mugabe last year signed into law a bill to set up the fund, meant to secure investments for future generations and support economic growth. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17793
Call for Norway’s oil fund to pull its weight http://www.opalesque.com/SWF_Briefing/?p=17791 http://www.opalesque.com/SWF_Briefing/?p=17791#comments Mon, 06 Jul 2015 02:05:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17791 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17791>Article Link</a> Norway’s oil fund came under attack from several of Sweden’s largest investors over concerns that the world’s biggest sovereign wealth fund is not applying rigorous oversight to the companies it invests in. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17791
Russian Minister Calls for Wealth-Fund Boost to Stem Ruble Gains http://www.opalesque.com/SWF_Briefing/?p=17790 http://www.opalesque.com/SWF_Briefing/?p=17790#comments Fri, 03 Jul 2015 01:59:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17790 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17790>Article Link</a> Russia should start replenishing its Reserve Fund with proceeds from higher oil prices to stem the ruble’s appreciation, according to Finance Minister Anton Siluanov. The Finance Ministry proposes buying foreign currency for one of its two sovereign wealth funds if oil prices rise higher than $70 per barrel, Siluanov told reporters Thursday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17790
Mint Asset Management to manage active NZ equities for NZ Super Fund http://www.opalesque.com/SWF_Briefing/?p=17785 http://www.opalesque.com/SWF_Briefing/?p=17785#comments Fri, 03 Jul 2015 01:57:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17785 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17785>Article Link</a> Mint Asset Management has been appointed to a $150m active New Zealand equities mandate for the New Zealand Superannuation Fund. The appointment was effective July 1st and transition of the mandate to Mint is now complete. Matt Whineray, NZ Super Fund chief investment officer, says the Fund was committed to using a combination of external managers alongside its internal team to manage its $1-billion plus portfolio of New Zealand equities. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17785
Head of State Oil Fund of Azerbaijan remains in Supervisory Board of VTB Bank http://www.opalesque.com/SWF_Briefing/?p=17777 http://www.opalesque.com/SWF_Briefing/?p=17777#comments Thu, 02 Jul 2015 02:19:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17777 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17777>Article Link</a> The Executive Director of the State Oil Fund of Azerbaijan (SOFAZ) Shahmar Movsumov was elected to the new Supervisory Board of VTB Bank, where he has been serving as an independent member since June 28, 2013. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17777
Permanent Fund names ‘temporary’ director, boosts her salary http://www.opalesque.com/SWF_Briefing/?p=17768 http://www.opalesque.com/SWF_Briefing/?p=17768#comments Thu, 02 Jul 2015 02:17:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17768 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17768>Article Link</a> Valerie Mertz, chief financial officer of the Alaska Permanent Fund Corp., has been named the temporary executive director following the resignation of long-time executive director Mike Burns. Mertz had been filling in for Burns on an interim basis since June 1, but that interim appointment had been scheduled to expire Tuesday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17768
China to let NSSF manage $322 billion in local pension funds http://www.opalesque.com/SWF_Briefing/?p=17749 http://www.opalesque.com/SWF_Briefing/?p=17749#comments Mon, 29 Jun 2015 00:25:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17749 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17749>Article Link</a> China’s cabinet has approved plans for the manager of the country’s biggest pension fund to manage pension funds worth about 2 trillion yuan ($322 billion) for local authorities, two industry sources with direct knowledge of the matter said. China is trying to strengthen its pension system to meet the huge demographic challenge of an already-shrinking working-age population as it looks to turn the economy into one driven by consumption and services rather than investment and exports. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17749
Zimbabwe: Huge Task Ahead for SWF Board http://www.opalesque.com/SWF_Briefing/?p=17741 http://www.opalesque.com/SWF_Briefing/?p=17741#comments Fri, 26 Jun 2015 02:35:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17741 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17741>Article Link</a> Finance Minister Patrick Chinamasa last week announced the appointment of a board for the Sovereign Wealth Fund (SWF), managed by the National Indigenisation and Economic Empowerment Board (NIEEB) which is currently subject of a Parliamentary enquiry on how it handled several indigenisation deals. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17741
President Aliyev approves SOFAZ budget http://www.opalesque.com/SWF_Briefing/?p=17737 http://www.opalesque.com/SWF_Briefing/?p=17737#comments Fri, 26 Jun 2015 02:34:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17737 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17737>Article Link</a> President Ilham Aliyev has signed a decree on the budget of Azerbaijan’s state oil fund SOFAZ for 2014. According to the document signed on June 24, the president approved the implementation of the SOFAZ budget with its revenues at over 12.731 billion manats and expenditures at over 10.117 billion manats. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17737
Renzi plans shake-up at Italy’s EUR400bn sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=17732 http://www.opalesque.com/SWF_Briefing/?p=17732#comments Thu, 25 Jun 2015 00:39:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17732 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17732>Article Link</a> Matteo Renzi, Italy’s prime minister, is planning to extend his reformist agenda into Italian business and finance as he seeks a more aggressive mandate for the country’s €400bn sovereign wealth fund in an effort to spur growth and create jobs. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17732
African central bank governors to discuss sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=17730 http://www.opalesque.com/SWF_Briefing/?p=17730#comments Thu, 25 Jun 2015 00:39:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17730 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17730>Article Link</a> Central bank governors drawn mainly from eastern and southern Africa will meet for a workshop to discuss the leveraging of sovereign wealth funds to establish economic stabilization on the continent. Reserve Bank of Zimbabwe John Mangudya will officially open the forum held in Switzerland on June 27, according to the forum’s organizer, the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), which operates in 14 African countries. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17730
Nigerian Governors : Our problem with ECA, SWF http://www.opalesque.com/SWF_Briefing/?p=17729 http://www.opalesque.com/SWF_Briefing/?p=17729#comments Thu, 25 Jun 2015 00:39:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17729 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17729>Article Link</a> State governors yesterday said they were opposed to the continued existence of the Excess Crude Account and the Sovereign Wealth Fund (SWF) because both had been abused by the federal government. The chairman of the Nigeria Governors’ Forum and Zamfara State Governor Abdulazeez Yari, stated this while speaking with reporters after the governors met President Muhammadu Buhari. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17729
CFAs thrive in Abu Dhabi as sovereign wealth funds trump Wall Street banks http://www.opalesque.com/SWF_Briefing/?p=17707 http://www.opalesque.com/SWF_Briefing/?p=17707#comments Tue, 23 Jun 2015 02:10:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17707 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17707>Article Link</a> Abu Dhabi wealth funds are recruiting and creating more holders of the Chartered Financial Analyst designation than any other employer in the Middle East as they seek greater control over how the emirates’ wealth is managed. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17707
CFAs Dominant in Abu Dhabi as Wealth Funds Trump Banks http://www.opalesque.com/SWF_Briefing/?p=17688 http://www.opalesque.com/SWF_Briefing/?p=17688#comments Fri, 19 Jun 2015 02:52:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17688 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17688>Article Link</a> Abu Dhabi wealth funds are recruiting and creating more holders of the Chartered Financial Analyst designation than any other employer in the Middle East as they seek greater control over how the emirate’s wealth is managed. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17688
Qatar SWF Said to Plan Overhaul of $304B Portfolio http://www.opalesque.com/SWF_Briefing/?p=17686 http://www.opalesque.com/SWF_Briefing/?p=17686#comments Fri, 19 Jun 2015 02:52:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17686 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17686>Article Link</a> The opaque sovereign wealth fund is reportedly seeking to introduce asset allocation targets for the first time. The Qatar Investment Authority (QIA) is said to be planning a wide-ranging overhaul of its estimated $304 billion portfolio, according to a report. The QIA will set out target asset allocation levels for the first time and restructure its decision-making processes, Reuters reported, citing several anonymous sources. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17686
Qatar’s sovereign wealth fund to restructure, say sources http://www.opalesque.com/SWF_Briefing/?p=17670 http://www.opalesque.com/SWF_Briefing/?p=17670#comments Wed, 17 Jun 2015 02:53:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17670 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17670>Article Link</a> Qatar Investment Authority, one of the world’s most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17670
Zim needs effective fiscal policy for SWF http://www.opalesque.com/SWF_Briefing/?p=17660 http://www.opalesque.com/SWF_Briefing/?p=17660#comments Tue, 16 Jun 2015 02:46:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17660 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17660>Article Link</a> Government needs to formulate sound fiscal policy and ensure effective public finance management when investing proceeds from finite natural resources to achieve sustainable economic, a paper from a local research unit noted. The paper details part of initial efforts to interrogate what the Government needs to do when setting up a Sovereign Wealth Fund (SWF) to manage inflows from the country’s natural resources to support future economic growth. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17660
PM will solve 1MDB woes by year-end http://www.opalesque.com/SWF_Briefing/?p=17641 http://www.opalesque.com/SWF_Briefing/?p=17641#comments Mon, 15 Jun 2015 02:36:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17641 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17641>Article Link</a> Prime Minister Najib Abdul Razak promises Umno divisions today that he will resolved 1MDB’s problems before the year ends. This promise was made to about 1,500 Umno division information chiefs and NGO representatives, during a closed-door briefing at PWTC this afternoon. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17641
Alaska Permanent Fund can fill the budget gap if only we’d recognize it’s time http://www.opalesque.com/SWF_Briefing/?p=17639 http://www.opalesque.com/SWF_Briefing/?p=17639#comments Mon, 15 Jun 2015 02:36:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17639 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17639>Article Link</a> On the heels of Gov. Bill Walker’s three-day “Building a Sustainable Future” shindig in Fairbanks to hash out details of Alaska’s fiscal problems and possible solutions, many of us are wondering when Alaskans will get around to connecting the dots. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17639
Singapore’s GIC Investment Firm Moves to 280 Park Avenue http://www.opalesque.com/SWF_Briefing/?p=17636 http://www.opalesque.com/SWF_Briefing/?p=17636#comments Fri, 12 Jun 2015 01:20:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17636 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17636>Article Link</a> A Singapore-owned investment firm has inked a deal for 49,724 square feet at 280 Park Avenue, The New York Post reported. GIC, the financial firm owned by the Singapore government, will go on the ninth floor of the 28-story building between East 39th and East 40th Streets at the start of next year, according to the Post. The lease is for 15 years. The firm is leaving 335 Madison Avenue between East 43 and East 44th Streets (where its current lease ran through 2022), which is currently slated to be torn down and a new tower put in its place. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17636
Egypt sovereign investment fund plan approved http://www.opalesque.com/SWF_Briefing/?p=17634 http://www.opalesque.com/SWF_Briefing/?p=17634#comments Fri, 12 Jun 2015 01:19:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17634 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17634>Article Link</a> The Egyptian government said it had approved a proposal to set up a sovereign investment fund to support economic development through returns on the state’s assets and resources. The fund, called Amlak, will be state-owned through the National Investment Bank. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17634
NBIM Makes the Case Against Bundled Board Votes http://www.opalesque.com/SWF_Briefing/?p=17580 http://www.opalesque.com/SWF_Briefing/?p=17580#comments Fri, 05 Jun 2015 04:02:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17580 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17580>Article Link</a> Norges Bank Investment Management (NBIM), manager of Norway’s massive sovereign wealth fund, publicly issued a position paper titled “Individual Vote Count in Board Elections”. The paper thoughtfully presents a case, arguing in favor that corporate board directors “should be elected with an individual vote count at the shareholder meeting, and the vote tally published.” (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17580
It’s all for one, not one for all, at Norway’s sovereign fund http://www.opalesque.com/SWF_Briefing/?p=17576 http://www.opalesque.com/SWF_Briefing/?p=17576#comments Thu, 04 Jun 2015 03:06:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17576 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17576>Article Link</a> Norway’s sovereign fund, one of the world’s biggest investors, is sick of companies putting all their directors up for a single take-it-or-leave-it approval vote. It wants to be able to pick off any bad apples individually. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17576
Achievements of the sovereign wealth fund of Senegal (Video) http://www.opalesque.com/SWF_Briefing/?p=17574 http://www.opalesque.com/SWF_Briefing/?p=17574#comments Thu, 04 Jun 2015 03:01:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17574 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17574>Article Link</a> Regional growth is projected to remain stable above in 2015, buoyed by rising investment flows. Joining CNBC Africa, on the side lines of WEF Africa, to give some perspective on the Sovereign Wealth Fund of Senegal and what has been achieved in the last two years is Amadou Hott, CEO of Sovereign Wealth Fund of Senegal for Strategic Investments. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17574
Abu Dhabi Wealth Fund Leans Less on Outside Fund Managers http://www.opalesque.com/SWF_Briefing/?p=17569 http://www.opalesque.com/SWF_Briefing/?p=17569#comments Wed, 03 Jun 2015 01:52:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17569 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17569>Article Link</a> The chance for fund managers to help Abu Dhabi invest its oil fortune is getting slimmer by the year. Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said about 65 percent of its assets were managed by external fund managers last year, compared with 75 percent in 2013, according to its annual report. In 2011, outside investors managed about 80 percent of the fund’s assets. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17569
Abu Dhabi fund ADIA manages more of its billions in-house http://www.opalesque.com/SWF_Briefing/?p=17568 http://www.opalesque.com/SWF_Briefing/?p=17568#comments Wed, 03 Jun 2015 01:52:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17568 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17568>Article Link</a> Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, managed more of its money in-house last year as it strengthened its capabilities and added staff in some areas, ADIA said on Tuesday. The proportion of its assets managed by external fund managers fell to 65 percent last year from 75 percent in 2013, the authority said in its annual review. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17568
Abu Dhabi Investment Authority bolsters internally managed capabilities in 2014 http://www.opalesque.com/SWF_Briefing/?p=17567 http://www.opalesque.com/SWF_Briefing/?p=17567#comments Wed, 03 Jun 2015 01:52:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17567 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17567>Article Link</a> Abu Dhabi Investment Authority cut the percentage of assets managed by external money managers to 65% from 75% a year earlier, said its 2014 annual report. The move to reduce externally managed assets by the sovereign wealth fund reflected its “efforts over recent years to strengthen the organization’s in-house investment and analytical expertise,” said Hamed bin Zayed Al Nahyan, managing director, in the review. Further details weren’t available. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17567
Norway’s oil fund criticises bundled board member voting http://www.opalesque.com/SWF_Briefing/?p=17564 http://www.opalesque.com/SWF_Briefing/?p=17564#comments Wed, 03 Jun 2015 01:51:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17564 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17564>Article Link</a> Norway’s NOK6.9trn (€812bn) sovereign wealth fund has spoken out against shareholder voting practices that stop asset owners from being able to single out individual company directors when they are unhappy with them. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=17564