Opalesque Sovereign Wealth Funds Briefing » Fund Management/Administration

Adia continues hiring spree with ex-Deutsche infrastructure chief

VRS — Thu, 16 May 2013 01:24:19 +0000

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The Nigerian governors’ chess game

VRS — Thu, 16 May 2013 01:24:04 +0000

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Palestinian Investment Fund needs reform

VRS — Wed, 15 May 2013 03:45:04 +0000

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SWFs building up to go it alone

VRS — Tue, 14 May 2013 04:46:06 +0000

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Shanghai vice-mayor set for China Investment Corp

VRS — Mon, 13 May 2013 00:56:46 +0000

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Mumtalakat in new push to bolster transparency

VRS — Mon, 13 May 2013 00:55:57 +0000

Bahrain Mumtalakat Holding Company, the investment arm of the kingdom, hosted a dinner for former heads of states and governments attending the 31st annual plenary meeting of the InterAction Council in the kingdom. “This initiative is a continuity of the legal and regulatory reforms to create a free, open and transparent environment that will enable business in Bahrain to grow,” said Mumtalakat chief executive Mahmood Al Kooheji. (more…)

President: Azerbaijan managed to avoid difficulties faced by several oil-producing countries

VRS — Wed, 08 May 2013 02:38:44 +0000

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Norway shows the smart way to handle boom

VRS — Fri, 03 May 2013 03:36:01 +0000

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Singapore’s Olam to cut spending, debt after investor pressure

VRS — Fri, 26 Apr 2013 03:56:29 +0000

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Norway wealth fund focuses on corporate engagement

VRS — Fri, 26 Apr 2013 03:55:43 +0000

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Kuwait Investment Authority: Integrity and caution are no handicap

VRS — Wed, 24 Apr 2013 03:31:41 +0000

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Europe shows little promise for Denmark’s biggest pension fund

VRS — Fri, 19 Apr 2013 04:44:12 +0000

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The Falkland Islands brace for oil wealth

VRS — Fri, 05 Apr 2013 05:21:28 +0000

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Democrats push Permanent Fund dividend protection in light of oil giveaway

VRS — Thu, 04 Apr 2013 04:20:30 +0000

Eight Democratic legislators filed legislation to protect the Permanent Fund Dividend by placing the current dividend formula in the Alaska Constitution. With GOP leaders pushing an oil giveaway that is likely to cost Alaskans upwards of $1 billion or more a year, future legislators are likely to start cutting the Dividend to fund state revenue. (more…)

Oman Investment Fund announces new Board appointees at Oman National Investment Corporation Holding

VRS — Tue, 02 Apr 2013 02:26:15 +0000

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My turn: Norwegian oil wealth

VRS — Thu, 28 Mar 2013 04:47:54 +0000

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1MDB a giant Ponzi scheme or strategic investment fund?

VRS — Wed, 27 Mar 2013 04:35:12 +0000

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GIC adviser says fund’s investments free from political meddling

VRS — Thu, 14 Mar 2013 02:01:21 +0000

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Why GIC won’t provide full portfolio disclosure

VRS — Thu, 14 Mar 2013 02:00:28 +0000

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Angolan fund to focus on infrastructure

VRS — Thu, 14 Mar 2013 02:00:12 +0000

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VietNam: How State Capital Investment Corp uses its money

VRS — Fri, 08 Mar 2013 04:25:06 +0000

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Nigeria’s excess crude revenue used to finance petrol subsidy payments- Sanusi

VRS — Thu, 07 Mar 2013 03:58:45 +0000

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GIC unveils mini asset management reshuffle

VRS — Tue, 05 Mar 2013 03:58:31 +0000

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Dismissed head of Libya sovereign wealth fund stays put

VRS — Fri, 01 Mar 2013 04:25:06 +0000

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GIC names Jaensubhakij head of asset management as of April 1

VRS — Fri, 01 Mar 2013 04:23:59 +0000

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Qatar SWF hires UBS to invest $3bln in VTB

VRS — Wed, 27 Feb 2013 03:59:42 +0000

Qatar’s sovereign wealth fund has hired UBS to advise on a possible $3 bn investment in Russian state-controlled bank VTB, a source with direct knowledge of the matter said. Russia’s second-biggest lender, advised by Citigroup, has been working on a capital increase to support day-to-day operations. Analysts say the Moscow stock exchange is too small to supply VTB’s needs. (more…)

VTB biggest Micex gainer on Qatar UBS hire report

VRS — Wed, 27 Feb 2013 03:59:28 +0000

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Nigeria appoints JP Morgan as sovereign wealth fund’s custodian

VRS — Fri, 22 Feb 2013 03:19:06 +0000

The Federal Government of Nigeria on Thursday confirmed the operational pattern of the Sovereign Wealth Fund (SWF) which is expected to take off next month and the appointment of a leading financial services firm, JP Morgan, as the custodian. The government also dismissed as untrue the reported disagreement between it and the 36 state governors under the aegis of Nigeria Governors Forum over its take off. (more…)

Temasek hires ST Engineering executive as senior MD

VRS — Thu, 21 Feb 2013 02:53:56 +0000

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Kazakhstan’s Samruk-Kazyna cutting expenses

VRS — Wed, 20 Feb 2013 03:23:20 +0000

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Azerbaijani authorities use up Oil fund

VRS — Tue, 19 Feb 2013 01:52:51 +0000

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Arabtec moves staff to Abu Dhabi after Aabar raises stake in company

VRS — Wed, 13 Feb 2013 04:03:26 +0000

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National Bank of Kazakhstan’s SWF seeks new fund managers

VRS — Mon, 11 Feb 2013 04:11:35 +0000

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Libya SWF should pursue key reform priorities - IMF

VRS — Thu, 07 Feb 2013 02:26:50 +0000

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The story about SCIC and the milk cow (Part 1)

VRS — Wed, 06 Feb 2013 04:10:37 +0000

The State Capital Investment Corporation (SCIC) has reported an impressive business result for 2012. However, experts still can see big problems of the state’s super-power. In Vietnam, SCIC is a powerful corporation which specializes in making investment with the state’s money. It injects money in the potential businesses for profit or carries out the investment deals as instructed by the State. Therefore, SCIC is believed to have a so called “super power.” (more…)

The story about SCIC and the milk cow (part 2)

VRS — Wed, 06 Feb 2013 04:10:21 +0000

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Russia may outsource sovereign funds management

VRS — Tue, 05 Feb 2013 03:26:08 +0000

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CIC goes back to fundamentals

VRS — Mon, 04 Feb 2013 02:53:24 +0000

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Unending battle over Excess Crude Account

VRS — Fri, 01 Feb 2013 03:27:34 +0000

Once again, governors of the 36 states have threatened to resume hostilities with the Federal Government on the legal turf of the Supreme Court, over the continued operation of the Excess Crude Account (ECA), following the inability of the two parties to reach an amicable out-of – court settlement, as originally advised by the seven wise men of the apex court. (more…)

Samruk Kazyna sovereign wealth fund board chairwoman comments on Russia’s Sberbank President German Gref’s concerns

VRS — Thu, 31 Jan 2013 04:04:03 +0000

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Nigeria: Management of Excess Crude Account

VRS — Thu, 31 Jan 2013 04:03:49 +0000

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Bahrain’s sovereign wealth fund on transparency Video)

VRS — Fri, 25 Jan 2013 01:28:20 +0000

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$10 bln out of the National Oil Fund has gone to nowhere: President Nazarbayev

VRS — Thu, 24 Jan 2013 04:19:43 +0000

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Abu Dhabi Investment Authority recruits for equities

VRS — Wed, 23 Jan 2013 04:13:46 +0000

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Khazanah MD brushes off suggestions for a privatised MAS

VRS — Fri, 18 Jan 2013 02:17:43 +0000

Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar has brushed off suggestions that flag carrier Malaysia Airlines should be taken private. “When you take something private, you have to pay above the market price. It does not put money into the company, that goes to the seller. But the operation needs money. Do those suggesting this realise this? (more…)

Norway handles oil wealth right, report says

VRS — Thu, 17 Jan 2013 03:18:20 +0000

A new report has some advice for Canada when it comes to managing its oil wealth — be more like Norway. The study from the Canadian Centre for Policy Alternatives released Thursday calls for a more hands-on approach both provincially and federally toward developing the resource, divvying up its riches and reducing its environmental impacts. (more…)

Why you would be mad to work for a sovereign wealth fund

VRS — Thu, 17 Jan 2013 03:17:05 +0000

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Abu Dhabi fund appoints Eckersley to oversee internal equities

VRS — Wed, 16 Jan 2013 03:19:37 +0000

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Chinese companies to control over 40pct of Kazakhstan’s oil shortly

VRS — Wed, 09 Jan 2013 04:10:04 +0000

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Oil Fund’s administrative costs limited to AZN 86.3 mln

VRS — Tue, 08 Jan 2013 03:29:27 +0000

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Brazil taps into sovereign fund to meet 2012 fiscal target

VRS — Fri, 04 Jan 2013 03:55:32 +0000

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Russia ready to help India in setting up sovereign wealth fund

VRS — Wed, 02 Jan 2013 04:36:15 +0000

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Establishing and managing a Philippine sovereign wealth fund

VRS — Wed, 02 Jan 2013 04:34:49 +0000

My main contention was that the Philippines is currently suffering from “Dutch disease” or the adverse effects of a sudden rise of income from its export of labour and from a rise of confidence in its domestic economy. In this second part, I will discuss how we could govern and operate our own SWF. (more…)

Angola wealth fund to announce policies, appoint auditors

VRS — Wed, 02 Jan 2013 04:33:41 +0000

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300 jostle for SWF’s job

VRS — Fri, 21 Dec 2012 04:37:37 +0000

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Nigeria: Stop sharing Excess Crude Funds, ex-CBN gov tells Jonathan

VRS — Thu, 20 Dec 2012 04:24:53 +0000

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All about sovereign wealth funds

VRS — Wed, 19 Dec 2012 04:12:59 +0000

Aimed at acquiring big-ticket natural resources abroad, the creation of a Sovereign Wealth Fund (SWF) for India has been under the consideration of the finance ministry since 2008. In principle, the proposal to set up a SWF was cleared by a group of ministers on October 13, 2011, after which the matter came up for discussion during a recent meeting in the Prime Minister’s Office. (more…)

Angola’s sovereign wealth fund - the U.S.$5 bln logo

VRS — Wed, 19 Dec 2012 04:11:51 +0000

The Fundo Soberano de Angola (FSDEA) was launched in October to great fanfare, receiving global media coverage from the likes of the New York Times, CNN and Euromoney. Local and international journalists packed into the shiny new offices by Sagrada Família upmarket area in Luanda to admire the glass and steel spiral staircase, lacquered furniture and raw silk wallpaper. (more…)

Nigeria: Govs Vs FG - the SWF U.S.$1 billion question

VRS — Mon, 17 Dec 2012 03:10:23 +0000

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SOFAZ executive director meets with USA delegation

VRS — Fri, 14 Dec 2012 04:03:18 +0000

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