http://www.opalesque.com/SWF_Briefing Fri, 17 May 2013 01:22:47 +0000 http://wordpress.org/?v=2.5.1 en http://www.opalesque.com/SWF_Briefing/?p=13188 http://www.opalesque.com/SWF_Briefing/?p=13188#comments Wed, 15 May 2013 03:33:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13188 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13188>Article Link</a> East Timor’s Oil Fund grew by US$1.2 billion in the first quarter of the year to US$13 billion at the end of March, said the East Timor Central Bank in Dili Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13188 http://www.opalesque.com/SWF_Briefing/?p=13176 http://www.opalesque.com/SWF_Briefing/?p=13176#comments Mon, 13 May 2013 00:56:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13176 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13176>Article Link</a> The Kingdom can reduce its dependence on oil revenues by creating a strong sovereign wealth fund (SWF), according to some experts. Although economic conditions in Saudi Arabia like money supply, foreign exchange reserves, external debt and domestic economic development are positive factors to create a sovereign wealth fund (SWF), Saudi Arabia still lags behind in this area, one of them said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13176 http://www.opalesque.com/SWF_Briefing/?p=13172 http://www.opalesque.com/SWF_Briefing/?p=13172#comments Mon, 13 May 2013 00:54:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13172 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13172>Article Link</a> Despite a projection that Nigeria’s external reserves might rise to an average of between $80 and $85 billion in the next four years, the International Monetary Fund (IMF) has warned against the negative impact of the declining oil price in recent times, saying the country’s Excess Crude Account could be depleted under a year. The IMF’s Senior Resident Representative in Nigeria, Scott Rogers, gave the warning while presenting highlights of the Staff Report on the 2012 Article IV Consultation, to be published soon by the Fund. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13172 http://www.opalesque.com/SWF_Briefing/?p=13158 http://www.opalesque.com/SWF_Briefing/?p=13158#comments Thu, 09 May 2013 03:45:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13158 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13158>Article Link</a> The Pula Fund has gained P3.15 billion in the six months since the Bank of Botswana drew down P21 billion in order to replenish the country’s import cover as well as meet external debt obligations. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13158 http://www.opalesque.com/SWF_Briefing/?p=13147 http://www.opalesque.com/SWF_Briefing/?p=13147#comments Wed, 08 May 2013 02:39:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13147 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13147>Article Link</a> Abu Dhabi’s sovereign wealth fund International Petroleum Investment Company (Ipic) said on Tuesday its fiscal year 2012 net profit rose to a whopping Dh6.4 billion from Dh164.1 a million year earlier on the back of robust operational performance of Cepsa, Nova Chemicals, and Borealis along with the recovery of certain listed equities held by Aabar. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13147 http://www.opalesque.com/SWF_Briefing/?p=13105 http://www.opalesque.com/SWF_Briefing/?p=13105#comments Mon, 29 Apr 2013 03:01:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13105 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13105>Article Link</a> Norway’s $728 billion Government Pension Fund Global, the largest sovereign wealth fund in the world, grew by 219 billion kroner ($37 billion) during the first quarter of 2013, due to unprecedented stimulus from central banks trying to boost economic growth. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13105 http://www.opalesque.com/SWF_Briefing/?p=13104 http://www.opalesque.com/SWF_Briefing/?p=13104#comments Mon, 29 Apr 2013 03:01:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13104 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13104>Article Link</a> Norway’s sovereign wealth fund, the world’s largest, gained 219 billion kroner ($37 billion) in the first quarter as stocks surged amid unprecedented stimulus from central banks to boost economic growth. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13104 http://www.opalesque.com/SWF_Briefing/?p=13091 http://www.opalesque.com/SWF_Briefing/?p=13091#comments Fri, 26 Apr 2013 03:55:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13091 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13091>Article Link</a> The government’s fiscal reserve has managed to squeeze a return of less than 1.75 percent out of its billion-dollar investments in its first year. University of Macau public economics professor Jenny Huang Bihong said the return was “too low, much lower than inflation”. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13091 http://www.opalesque.com/SWF_Briefing/?p=13075 http://www.opalesque.com/SWF_Briefing/?p=13075#comments Wed, 24 Apr 2013 03:32:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13075 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13075>Article Link</a> The State Oil Fund of Azerbaijan (SOFAZ) forecasts its total assets by the end of 2013 will remain at the level of last year, CEO of the Fund, Shahmar Movsumov, told journalists on Tuesday. “If oil prices on the world markets remain unchanged, we can keep the assets at the level of the beginning of the year, although the budget has been prepared with a deficit,” Movsumov said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13075 http://www.opalesque.com/SWF_Briefing/?p=13063 http://www.opalesque.com/SWF_Briefing/?p=13063#comments Tue, 23 Apr 2013 03:42:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13063 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13063>Article Link</a> Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of the Kingdom of Bahrain, was presented with the first Foreign Sovereign Wealth Fund award by RAM Rating Services Berhad (RAM Ratings) during the 2013 annual RAM League Awards in Kuala Lumpur. RAM Ratings has been hosting the annual League Awards for the past decade, recognizing institutions which have demonstrated accomplishment and leadership in the Malaysian debt capital market. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13063 http://www.opalesque.com/SWF_Briefing/?p=13038 http://www.opalesque.com/SWF_Briefing/?p=13038#comments Wed, 17 Apr 2013 01:44:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13038 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13038>Article Link</a> For the 1st quarter the State Oil Fund of Azerbaijan (SOFAZ) had budget net surplus at AZN 593.8 million or 16.85% of revenues for the reported term.According to SOFAZ, in the 1st quarter it received AZN 3.5 bn of revenue and made AZN 2.929 bn of expenditures. Due to that, SOFAZ assets for the quarter increased by 0.6% - from $34.129 bn up to $34.325 bn. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13038 http://www.opalesque.com/SWF_Briefing/?p=13036 http://www.opalesque.com/SWF_Briefing/?p=13036#comments Tue, 16 Apr 2013 01:11:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13036 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13036>Article Link</a> Azerbaijan’s State Oil Fund, known as Sofaz, expanded its assets 0.6 percent to $34.3 billion as of April 1 from the end of last year. Sofaz’s gold holdings have increased to 18.4 metric tons by the end of the first quarter, according to an e-mailed statement today from the fund, which was established in 1999 in Baku, the Azeri capital, to manage the Caspian Sea nation’s income from the sale of oil and natural gas. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13036 http://www.opalesque.com/SWF_Briefing/?p=13035 http://www.opalesque.com/SWF_Briefing/?p=13035#comments Tue, 16 Apr 2013 01:11:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13035 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13035>Article Link</a> Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2013 reached 3 523.4 million manats, while budget expenditures constituted 2 929.6 million manats. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13035 http://www.opalesque.com/SWF_Briefing/?p=13027 http://www.opalesque.com/SWF_Briefing/?p=13027#comments Mon, 15 Apr 2013 03:37:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13027 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13027>Article Link</a> The value of Norway’s $724 billion oil fund is likely to fluctuate more in the coming years, said Minister of Finance Sigbjorn Johnsen Friday, adding that he still expected an average annual yield of 4%. “I think 4% is a realistic target,” Mr. Johnsen told Dow Jones Newswires after presenting the government’s annual review of the oil fund’s performance and strategies. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13027 http://www.opalesque.com/SWF_Briefing/?p=13026 http://www.opalesque.com/SWF_Briefing/?p=13026#comments Mon, 15 Apr 2013 03:37:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13026 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13026>Article Link</a> The Excess Crude Account (ECA) is now $7 billion, as the Federal Government, states and the 774 local government councils in the country shared N731.13 billion. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13026 http://www.opalesque.com/SWF_Briefing/?p=13017 http://www.opalesque.com/SWF_Briefing/?p=13017#comments Fri, 12 Apr 2013 04:41:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13017 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13017>Article Link</a> Abu Dhabi state investment fund Mubadala swung back into profit in 2012 as losses on its financial investments halved and revenues rose across its broad portfolio of companies. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13017 http://www.opalesque.com/SWF_Briefing/?p=13016 http://www.opalesque.com/SWF_Briefing/?p=13016#comments Fri, 12 Apr 2013 04:40:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13016 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13016>Article Link</a> Mubadala, the Abu Dhabi investment fund with a mandate to boost the emirate’s local economy, swung to a net profit in 2012, helped by improved margins at some of its core businesses and lower impairments. Mubadala, which has stakes in General Electric and private equity firm Carlyle, made a profit of AED455m ($123.88m) for 2012. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13016 http://www.opalesque.com/SWF_Briefing/?p=13015 http://www.opalesque.com/SWF_Briefing/?p=13015#comments Fri, 12 Apr 2013 04:40:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13015 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13015>Article Link</a> Mubadala Development Company’s total comprehensive income posted a strong surge to Dh1.4 billion from a negative Dh4.2 billion in 2011, on the back of bumper gains from chip-making, hydrocarbon, aerospace and satellite businesses. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13015 http://www.opalesque.com/SWF_Briefing/?p=13002 http://www.opalesque.com/SWF_Briefing/?p=13002#comments Tue, 09 Apr 2013 04:16:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13002 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13002>Article Link</a> The volume of funds held in the state oil fund SOFAZ — an entity that accumulates and manages Azerbaijan’s oil and gas revenues — is currently equal to half of the country’s gross domestic product, SOFAZ head Shahmar Movsumov told a meeting of the World Economic Forum (Davos Forum) in Baku on Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13002 http://www.opalesque.com/SWF_Briefing/?p=12998 http://www.opalesque.com/SWF_Briefing/?p=12998#comments Tue, 09 Apr 2013 04:15:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12998 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12998>Article Link</a> Qatar’s sovereign wealth fund had assets under management of more than $100 billion, helping the Gulf nation’s pursuit of a AAA credit rating, according to the Qatar Financial Centre Authority. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12998 http://www.opalesque.com/SWF_Briefing/?p=12978 http://www.opalesque.com/SWF_Briefing/?p=12978#comments Fri, 05 Apr 2013 05:20:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12978 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12978>Article Link</a> The Government of Singapore Investment Corporation, which made a $575 million secondary loan, and invested as much as $200 million in equity, stands to lose all of that. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12978 http://www.opalesque.com/SWF_Briefing/?p=12975 http://www.opalesque.com/SWF_Briefing/?p=12975#comments Thu, 04 Apr 2013 04:22:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12975 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12975>Article Link</a> The expected annual yield of 4% for Norway’s $700 billion oil fund is uncertain in the long-term, the fund’s Chief Executive Yngve Slyngstad told a parliamentary committee Wednesday. “The estimated 4% real yield is uncertain, also for long time horizons,” Mr. Slyngstad told the Standing Committee on Finance and Economic Affairs, which is holding hearings on the funding needs of the Norwegian welfare state as the population grows older. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12975 http://www.opalesque.com/SWF_Briefing/?p=12962 http://www.opalesque.com/SWF_Briefing/?p=12962#comments Tue, 02 Apr 2013 02:27:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12962 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12962>Article Link</a> As Alaskans applied for their share of the bonanza, the Alaska Permanent Fund reached a new high of $45.5 billion, thanks to records being set in the U.S. stock market, particularly the Standard & Poor’s 500 Index and the Dow Jones Industrial Average. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12962 http://www.opalesque.com/SWF_Briefing/?p=12945 http://www.opalesque.com/SWF_Briefing/?p=12945#comments Tue, 26 Mar 2013 04:40:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12945 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12945>Article Link</a> Sovereign wealth fund (SWF) investments witnessed a 36 per cent dip in 2012 from 2011 levels as managers played it cautious amid global economic uncertainty. SWFs invested just $57.3 billion of fresh capital last year, in comparison with $89.5 billion in 2011, the lowest level since 2006. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12945 http://www.opalesque.com/SWF_Briefing/?p=12931 http://www.opalesque.com/SWF_Briefing/?p=12931#comments Fri, 22 Mar 2013 04:44:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12931 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12931>Article Link</a> Qatar emerged as the world’s wealthiest country in 2010 with a per capita income of $88, 559, having overtaken Luxembourg, and continued with its top ranking the next year (2011). Washington-based Institute for International Finance (IIF) has reported that Qatar’s per capita GDP at purchasing power parity (PPP) was $106,000 (QR387,000) in 2012, helping the country retain its ranking as the world’s wealthiest nation. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12931 http://www.opalesque.com/SWF_Briefing/?p=12924 http://www.opalesque.com/SWF_Briefing/?p=12924#comments Thu, 21 Mar 2013 04:20:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12924 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12924>Article Link</a> The New Zealand Superannuation Fund is worth close to $22 billion after its investments returned 17.58 per cent in the year to February 28. The fund, which was set up in 2003 to help pay for the costs of the baby boomer retirement bubble, was up 1.31 per cent last month despite having no new financial contributions from the Government in the last three years. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12924 http://www.opalesque.com/SWF_Briefing/?p=12910 http://www.opalesque.com/SWF_Briefing/?p=12910#comments Tue, 19 Mar 2013 04:29:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12910 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12910>Article Link</a> The median superannuation fund returned 2.2 per cent in February, according to the latest Morningstar Australian Superannuation Survey. Longer-term annualised results for the median growth fund were 14.1 per cent over one year, 7.1 per cent over three years, 3 per cent over five years and 7.1 per cent over the 10 years to 28 February 2013. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12910 http://www.opalesque.com/SWF_Briefing/?p=12896 http://www.opalesque.com/SWF_Briefing/?p=12896#comments Fri, 15 Mar 2013 03:54:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12896 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12896>Article Link</a> The collective assets of Sovereign Wealth Funds, or SWFs, in the GCC surged to an all time high of around 1.7 trillion at the end of 2012, boosted by mounting fiscal surpluses on the back of high oil prices, Moody’s Investors Service said in a new report. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12896 http://www.opalesque.com/SWF_Briefing/?p=12894 http://www.opalesque.com/SWF_Briefing/?p=12894#comments Thu, 14 Mar 2013 02:01:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12894 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12894>Article Link</a> Sovereign wealth funds will increase their assets by 60 percent over the next three years, bolstered by rising income from commodities and exports, according to UBS AG. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12894 http://www.opalesque.com/SWF_Briefing/?p=12891 http://www.opalesque.com/SWF_Briefing/?p=12891#comments Thu, 14 Mar 2013 02:00:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12891 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12891>Article Link</a> Government of Singapore Investment Corp., which manages more than $100 billion of reserves, said it stopped publishing its nominal returns in the local currency because they should be compared with global benchmarks. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12891 http://www.opalesque.com/SWF_Briefing/?p=12890 http://www.opalesque.com/SWF_Briefing/?p=12890#comments Thu, 14 Mar 2013 02:00:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12890 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12890>Article Link</a> The Government Investment Corporation’s Report on the Management of the Government’s Portfolio stopped publishing its nominal returns converted to Singapore dollars three years ago. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12890 http://www.opalesque.com/SWF_Briefing/?p=12884 http://www.opalesque.com/SWF_Briefing/?p=12884#comments Wed, 13 Mar 2013 04:11:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12884 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12884>Article Link</a> Sovereign wealth funds (SWFs) are set to see their assets grow to $5.6 trillion by the end of 2013, a study found, a sum more than double British GDP and underscoring their status as the world’s wealthiest investors. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12884 http://www.opalesque.com/SWF_Briefing/?p=12883 http://www.opalesque.com/SWF_Briefing/?p=12883#comments Wed, 13 Mar 2013 04:11:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12883 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12883>Article Link</a> Sovereign wealth fund assets increased by 8% last year to reach a record $5.2 trillion, with Asian entities accounting for $2 trillion, or 39% of the total, according to figures by the Sovereign Wealth Fund Institute and a UK financial sector body. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12883 http://www.opalesque.com/SWF_Briefing/?p=12882 http://www.opalesque.com/SWF_Briefing/?p=12882#comments Wed, 13 Mar 2013 04:10:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12882 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12882>Article Link</a> Strong oil prices have sharply widen the fiscal surpluses in Gulf hydrocarbon producers and this boosted the assets of their government funds to an all time high of around $1.7 trillion at the end of 2012, according to Moody’s investor service. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12882 http://www.opalesque.com/SWF_Briefing/?p=12876 http://www.opalesque.com/SWF_Briefing/?p=12876#comments Wed, 13 Mar 2013 04:09:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12876 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12876>Article Link</a> Libya, whose sovereign wealth fund declined by at least $4 billion in value over the past four years, said it’s demanding an explanation from Societe Generale SA (GLE) on how it lost about $1 billion on derivative contracts. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12876 http://www.opalesque.com/SWF_Briefing/?p=12868 http://www.opalesque.com/SWF_Briefing/?p=12868#comments Tue, 12 Mar 2013 04:02:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12868 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12868>Article Link</a> Norway’s sovereign wealth fund, one of the world’s biggest investors, grew by around $100 billion (€76.9 billion) in 2012, sealing one of its best years on record as it benefited from the striking upturn by stock markets. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12868 http://www.opalesque.com/SWF_Briefing/?p=12867 http://www.opalesque.com/SWF_Briefing/?p=12867#comments Tue, 12 Mar 2013 04:01:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12867 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12867>Article Link</a> Norway’s sovereign wealth fund, popularly known as the “Oil Fund,” has reported another year of strong growth and impressive returns amounting to its next-best result ever. Now the fund’s bosses reportedly want to take a more active role in the companies where the fund is a major investor. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12867 http://www.opalesque.com/SWF_Briefing/?p=12862 http://www.opalesque.com/SWF_Briefing/?p=12862#comments Mon, 11 Mar 2013 05:08:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12862 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12862>Article Link</a> Norway’s oil fund, one of the biggest investors in the world, rose in value by 13.4% last year, its second-best performance ever. The central bank said the fund’s investments in shares jumped by 18.1% in 2012, boosted by soaring equity indexes around the world. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12862 http://www.opalesque.com/SWF_Briefing/?p=12860 http://www.opalesque.com/SWF_Briefing/?p=12860#comments Mon, 11 Mar 2013 05:08:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12860 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12860>Article Link</a> Norway’s sovereign wealth fund, one of the world’s biggest investors, grew by around $100 billion in 2012, sealing one of its best years on record as it benefited from the striking upturn by stock markets. Known as the ‘oil fund’, it invests revenue from Norway’s lucrative oil industry for the country’s future. It is now worth around $710 billion, 40 percent more than the value of the entire Norwegian economy. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12860 http://www.opalesque.com/SWF_Briefing/?p=12842 http://www.opalesque.com/SWF_Briefing/?p=12842#comments Thu, 07 Mar 2013 03:59:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12842 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12842>Article Link</a> China Investment Corp., the country’s main sovereign wealth fund, earned a 10.65% return on its overseas investments last year, CIC Executive Vice President Liang Xiang said, marking a rebound from last year’s loss. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12842 http://www.opalesque.com/SWF_Briefing/?p=12837 http://www.opalesque.com/SWF_Briefing/?p=12837#comments Thu, 07 Mar 2013 03:58:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12837 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12837>Article Link</a> In 1987, the value of Alberta’s Heritage Savings and Trust Fund stood at $12.7 billion. That year, the province faced a massive budget deficit and transfers to the fund from resource revenues were suspended. Such deposits did not resume again until almost two decades later and only lasted two years before being suspended again. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12837 http://www.opalesque.com/SWF_Briefing/?p=12834 http://www.opalesque.com/SWF_Briefing/?p=12834#comments Wed, 06 Mar 2013 03:46:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12834 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12834>Article Link</a> The total assets of the National Fund of Kazakhstan amounted to $68.9 billion (34 per cent of GDP), the minister of economy and budget planning Erbolat Dosaev said. “The government of Kazakhstan is going to continue the policy of accumulating assets in the National Fund considering the irreducible residue at a rate of 20 per cent of the expected value of GDP,” he said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12834 http://www.opalesque.com/SWF_Briefing/?p=12833 http://www.opalesque.com/SWF_Briefing/?p=12833#comments Wed, 06 Mar 2013 03:45:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12833 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12833>Article Link</a> China Investment Corp., the country’s main sovereign wealth fund, earned a 10.65% return on its overseas investments last year, CIC Executive Vice President Liang Xiang said Wednesday. CIC’s total accumulated overseas investment return since it was established in 2007 is now above 5%, Ms. Liang said on the sidelines of the National People’s Congress, the annual meeting of the country’s legislature. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12833 http://www.opalesque.com/SWF_Briefing/?p=12828 http://www.opalesque.com/SWF_Briefing/?p=12828#comments Tue, 05 Mar 2013 03:59:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12828 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12828>Article Link</a> China Investment Corporation, China’s sovereign wealth fund, registered a 10.6 percent return ratio on its investments last year, said Liang Xiang, executive vice-president of CIC on Monday. “The performance is very comforting amid the backdrop of a complicated economic situation and financial markets last year,” she said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12828 http://www.opalesque.com/SWF_Briefing/?p=12799 http://www.opalesque.com/SWF_Briefing/?p=12799#comments Wed, 27 Feb 2013 03:59:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12799 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12799>Article Link</a> VTB Group rebounded, headed for the biggest gain on Russia’s benchmark stock gauge, after Reuters reported Qatar’s sovereign wealth fund hired UBS AG (UBSN) for advice on a possible $3 billion investment in the bank. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12799 http://www.opalesque.com/SWF_Briefing/?p=12797 http://www.opalesque.com/SWF_Briefing/?p=12797#comments Wed, 27 Feb 2013 03:58:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12797 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12797>Article Link</a> With more than US$100 billion (S$125 billion) of funds, the Government of Singapore Investment Corporation (GIC) is one of the largest sovereign wealth funds in the world, and is highly regarded internationally for its professionalism. Chief investment officer Ng Kok Song, 64, stepped down on Feb 1, after 27 years of managing Singapore’s foreign reserves. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12797 http://www.opalesque.com/SWF_Briefing/?p=12787 http://www.opalesque.com/SWF_Briefing/?p=12787#comments Tue, 26 Feb 2013 04:42:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12787 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12787>Article Link</a> East Timor’s Oil Fund grew by US$720.94 million in the fourth quarter of 2012 and ended the year with a total value of US$11.777 billion, said the East Timor Central Bank. The report on the last three months of 2012, available on the East Timor Central Bank’s website and dated 12 February, said that the “capital of the fund increased from US$11.054 billion to US$11.777 billion.” (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12787 http://www.opalesque.com/SWF_Briefing/?p=12771 http://www.opalesque.com/SWF_Briefing/?p=12771#comments Fri, 22 Feb 2013 03:17:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12771 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12771>Article Link</a> Alaska’s oil wealth portfolio has hit an all-time high: $45 billion. The Alaska Permanent Fund Corp. announced the fund hit the mark Tuesday. The corporation tracks the fund daily. CEO Mike Burns said hitting $45 billion is a sign the Alaska Permanent Fund has not only regained ground lost during the recession but also that it is growing. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12771 http://www.opalesque.com/SWF_Briefing/?p=12764 http://www.opalesque.com/SWF_Briefing/?p=12764#comments Thu, 21 Feb 2013 02:52:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12764 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12764>Article Link</a> The Alaska Permanent Fund Corp. announced the fund hit the mark Tuesday. The corporation tracks the fund daily. CEO Mike Burns said hitting $45 billion is a sign the Alaska Permanent Fund has not only regained ground lost during the recession but also that it is growing. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12764 http://www.opalesque.com/SWF_Briefing/?p=12716 http://www.opalesque.com/SWF_Briefing/?p=12716#comments Tue, 12 Feb 2013 04:32:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12716 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12716>Article Link</a> The assets of Kazakhstan national fund exceeded 10 trillion tenge ($67 billion) by the end of 2012, Tengrinews.kz reports citing Finance Minister Bolat Zhamishev as saying at the expanded meeting of Finance Ministry attended by Prime-Minister Serik Akhmetov. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12716 http://www.opalesque.com/SWF_Briefing/?p=12677 http://www.opalesque.com/SWF_Briefing/?p=12677#comments Tue, 05 Feb 2013 03:25:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12677 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12677>Article Link</a> A recovery in world share markets helped boost the investment returns earned by the Future Fund, Australia’s $82 billion sovereign wealth fund, by more than 12 per cent last year. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12677 http://www.opalesque.com/SWF_Briefing/?p=12659 http://www.opalesque.com/SWF_Briefing/?p=12659#comments Fri, 01 Feb 2013 03:26:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12659 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12659>Article Link</a> Denmark’s €83bn public pension fund ATP made a return of 9% in 2012, with most of it coming from hedging interest-rates and inflation, demonstrating the need for pension funds of to cover these risks in a “challenging” market environment. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12659 http://www.opalesque.com/SWF_Briefing/?p=12654 http://www.opalesque.com/SWF_Briefing/?p=12654#comments Thu, 31 Jan 2013 04:03:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12654 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12654>Article Link</a> The number on every Alaskan’s mind was announced Tuesday morning by Revenue Commissioner Bryan Butcher in Anchorage. This year’s Alaska Permanent Fund dividend payout is $878. The dividend will be distributed to eligible Alaska residents on Oct. 4. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12654 http://www.opalesque.com/SWF_Briefing/?p=12649 http://www.opalesque.com/SWF_Briefing/?p=12649#comments Wed, 30 Jan 2013 03:20:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12649 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12649>Article Link</a> Qatar’s sovereign fund anticipates that its investments in Malaysia will surpass the US$10bil (RM30.8bil) mark, which when fullymaterialised, should make it among the largest foreign investors here. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12649 http://www.opalesque.com/SWF_Briefing/?p=12619 http://www.opalesque.com/SWF_Briefing/?p=12619#comments Fri, 25 Jan 2013 01:27:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12619 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12619>Article Link</a> Alaska Permanent Fund Corp. returned 7.3% for the six months ended Dec. 31, including a 2.7% return for the quarter ended Dec. 31. The Alaska Permanent Fund returned 2.7% for the second quarter of fiscal year 2013 according to unaudited figures released today by the Corporation, ending on December 31 with a value of $43.7 billion. The Fund’s year-to-date return is 7.3%. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12619 http://www.opalesque.com/SWF_Briefing/?p=12609 http://www.opalesque.com/SWF_Briefing/?p=12609#comments Wed, 23 Jan 2013 04:13:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12609 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12609>Article Link</a> The New Zealand Superannuation fund is ahead of its long-term target after notching up strong returns in 2012, the latest data show. Since the fund’s launch in September 2003 it has returned 7.92%, exceeding the 90-day Treasury Bill rate by 2.84%. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12609 http://www.opalesque.com/SWF_Briefing/?p=12607 http://www.opalesque.com/SWF_Briefing/?p=12607#comments Tue, 22 Jan 2013 01:28:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12607 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12607>Article Link</a> Azerbaijan’s State Oil Fund, known as Sofaz, said its assets grew 14.5 percent last year to $34.1 billion as of Jan. 1. Sofaz, established in 1999 to manage the Caspian Sea nation’s income from sales of oil and natural gas, transferred $12.6 billion to Azerbaijan’s state budget, according to a statement e-mailed by the Baku-based fund today. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12607 http://www.opalesque.com/SWF_Briefing/?p=12606 http://www.opalesque.com/SWF_Briefing/?p=12606#comments Tue, 22 Jan 2013 01:28:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12606 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12606>Article Link</a> Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, saw its investment returns surpass benchmark last year as returns from stocks and bonds investment increased amid the persistent strategy to diversify portfolio from the long-term perspective, the sovereign fund said Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12606 http://www.opalesque.com/SWF_Briefing/?p=12602 http://www.opalesque.com/SWF_Briefing/?p=12602#comments Tue, 22 Jan 2013 01:27:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12602 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12602>Article Link</a> Russia will increase its rainy day Reserve Fund by a half, or 900 billion rubles ($29.3 billion), to reach a total of RUB2.8 trillion–slightly more than expected thanks to increased revenue from oil and gas, the finance ministry said on its website Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12602 http://www.opalesque.com/SWF_Briefing/?p=12599 http://www.opalesque.com/SWF_Briefing/?p=12599#comments Mon, 21 Jan 2013 04:58:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12599 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12599>Article Link</a> Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, reported a 24.3% jump in the net value of its investment portfolio in 2012 to a record 86.9 billion Malaysia ringgit ($28.9 billion.) Khazanah noted that its annual gains handily outpaced the 14.1% increase logged by the Malaysian stock market’s Kuala Lumpur Composite Index. (more…)

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