Opalesque Sovereign Wealth Funds Briefing » Financials http://www.opalesque.com/SWF_Briefing Wed, 22 May 2013 02:06:32 +0000 http://wordpress.org/?v=2.5.1 en Singapore’s Temasek bought some of Goldman’s ICBC shares, lifting stake http://www.opalesque.com/SWF_Briefing/?p=13228 http://www.opalesque.com/SWF_Briefing/?p=13228#comments Wed, 22 May 2013 02:06:32 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13228 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13228>Article Link</a> Singapore sovereign wealth fund Temasek has again taken up shares in the Industrial and Commercial Bank of China (ICBC) that Goldman Sachs wanted to unload. Temasek’s stake in the bank rose to 7.04 per cent from 6.71 per cent after it paid HK$1.54 billion for 280 million ICBC shares. Hong Kong stock exchange data showed that Temasek paid an average of HK$5.50 per share. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13228 GIC cautious about seeking higher returns as yields remain low http://www.opalesque.com/SWF_Briefing/?p=13214 http://www.opalesque.com/SWF_Briefing/?p=13214#comments Tue, 21 May 2013 06:17:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13214 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13214>Article Link</a> Government of Singapore Investment Corp., which manages more than $100 bilion of assets, said it’s more “cautious” about seeking higher returns on its assets as yields remain low. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13214 Nigeria: Three tiers of govt share N722bln in April, as excess crude account rises to N5.27bln http://www.opalesque.com/SWF_Briefing/?p=13205 http://www.opalesque.com/SWF_Briefing/?p=13205#comments Fri, 17 May 2013 01:21:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13205 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13205>Article Link</a> Nigeria’s Federation Accounts Allocation Committee (FAAC) on Wednesday night shared N721.51 billion among the three tiers of government for April while N89.74 billion was added into the Excess Crude Account. The April allocation decreased by N9.628 billion or 1.3 per cent against the N731.133 billion shared in March. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13205 State could tap Alabama Trust Fund again in bond issue for National Guard armories http://www.opalesque.com/SWF_Briefing/?p=13197 http://www.opalesque.com/SWF_Briefing/?p=13197#comments Thu, 16 May 2013 01:23:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13197 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13197>Article Link</a> A proposed constitutional amendment to issue up to $50 million in bonds to be repaid from the Alabama Trust Fund could pass the Legislature on the final day of the session Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13197 East Timor’s oil fund totals US$13 bln in 1st quarter 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 Local governments get windfall from Alabama Trust Fund http://www.opalesque.com/SWF_Briefing/?p=13169 http://www.opalesque.com/SWF_Briefing/?p=13169#comments Mon, 13 May 2013 00:54:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13169 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13169>Article Link</a> A recalculation of payments from the Alabama Trust Fund has left local governments with extra money to spend. The trust is fueled by royalties paid on sales of offshore oil and natural gas from state lands. A portion of those payments each year goes into the County and Municipal Government Capital Improvement Fund. Local governments receive payments from the fund each April based on population. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13169 CIC returns to debt markets for Winchester House http://www.opalesque.com/SWF_Briefing/?p=13161 http://www.opalesque.com/SWF_Briefing/?p=13161#comments Fri, 10 May 2013 03:39:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13161 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13161>Article Link</a> China Investment Corporation (CIC), the country’s biggest sovereign wealth fund, has returned to the debt markets to seek to leverage last year’s acquisition of Winchester House in the City seeking around £160m in senior debt. CIC acquired the 310,000 sq ft Winchester House from KanAm, the German open-ended property fund manager, for £245m last November with agreed financing term sheets from Wells Fargo and Deutsche Pfandbriefbank (PBB). (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13161 Pula Fund recovery inches forward 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 Future Fund misses big gains with Telstra sale http://www.opalesque.com/SWF_Briefing/?p=13151 http://www.opalesque.com/SWF_Briefing/?p=13151#comments Thu, 09 May 2013 03:41:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13151 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13151>Article Link</a> The Future Fund has released its portfolio update for March and overall it is an impressive result, with the fund gaining 3.4% for the quarter and increasing 10.6% for the nine months to 31 March 2013. Since being created by the Howard government in May 2006, the Future Fund has returned a respectable 5.7% per annum. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13151 International Petroleum Investment Company’s 2012 net profit at Dh6.4 bln 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 Norway oil fund splurge no central bank handcuff, Johnsen says http://www.opalesque.com/SWF_Briefing/?p=13145 http://www.opalesque.com/SWF_Briefing/?p=13145#comments Wed, 08 May 2013 02:39:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13145 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13145>Article Link</a> Norway’s most expansionary budget since the height of the global financial crisis in 2009 won’t put any pressure on the central bank to tighten monetary policy, Finance Minister Sigbjoern Johnsen said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13145 Sovereign wealth funds to shape the future of PE http://www.opalesque.com/SWF_Briefing/?p=13137 http://www.opalesque.com/SWF_Briefing/?p=13137#comments Mon, 06 May 2013 02:29:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13137 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13137>Article Link</a> Sovereign wealth funds will be a major LP group in 20 years’ time, according to a panel at the Guernsey Funds Forum 2013. “Over the next two decades, we will see the vast sums of money in the Asian markets come into the western markets, and certainly into private equity,” said Eric Warner, head of investor relations at Altius Associates. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13137 Norway’s $735 bln fund sees low bond returns for long time to come http://www.opalesque.com/SWF_Briefing/?p=13125 http://www.opalesque.com/SWF_Briefing/?p=13125#comments Thu, 02 May 2013 03:41:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13125 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13125>Article Link</a> Global bond returns are low and will be low for a long time, Yngve Slyngstad, the head of Norway’s $735 billion sovereign wealth fund said on Tuesday, making it more difficult for investors to earn high enough returns. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13125 Qatar turns to Orcel’s UBS for VTB bank deal http://www.opalesque.com/SWF_Briefing/?p=13123 http://www.opalesque.com/SWF_Briefing/?p=13123#comments Thu, 02 May 2013 03:41:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13123 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13123>Article Link</a> Russia’s second largest bank VTB yesterday announced that a group of sovereign wealth funds has backed a $3.3bn (£2.13bn) fundraising that will take the government’s stake in the lender down from 75 per cent to 60 per cent or less. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13123 Singapore GIC raises US$250mln through sale of Glencore convertible bonds http://www.opalesque.com/SWF_Briefing/?p=13122 http://www.opalesque.com/SWF_Briefing/?p=13122#comments Thu, 02 May 2013 03:40:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13122 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13122>Article Link</a> Sovereign wealth fund Government of Singapore Investment Corp. Tuesday said that it has raised US$250 million through sale of convertible bonds of Glencore International AG. The 5% guaranteed convertible bonds 2014 issued by Glencore Finance (Europe) S.A. were guaranteed by Glencore International and Glencore AG, GIC said in a statement. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13122 Singapore bets on Glencore shares with $250 mln swap http://www.opalesque.com/SWF_Briefing/?p=13118 http://www.opalesque.com/SWF_Briefing/?p=13118#comments Tue, 30 Apr 2013 04:26:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13118 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13118>Article Link</a> Singaporean sovereign wealth fund GIC is seeking to swap a $250 million portion of its holding in Glencore International Plc convertible bonds into shares in the company, in a vote of confidence as the commodities trader wraps up its takeover of miner Xstrata Plc . (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13118 Singapore GIC raises US$250 mln through sale of Glencore convertible bonds http://www.opalesque.com/SWF_Briefing/?p=13117 http://www.opalesque.com/SWF_Briefing/?p=13117#comments Tue, 30 Apr 2013 04:25:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13117 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13117>Article Link</a> Sovereign wealth fund Government of Singapore Investment Corp. Tuesday said that it has raised US$250 million through sale of convertible bonds of Glencore International AG.The 5% guaranteed convertible bonds 2014 issued by Glencore Finance (Europe) S.A. were guaranteed by Glencore International and Glencore AG, GIC said in a statement.GIC intends to use part of the net proceeds from the sale of the bonds to acquire ordinary shares of Glencore International. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13117 VTB Bank draws wealth fund investors for $3 bln SPO http://www.opalesque.com/SWF_Briefing/?p=13114 http://www.opalesque.com/SWF_Briefing/?p=13114#comments Tue, 30 Apr 2013 04:25:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13114 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13114>Article Link</a> VTB Bank, Russia’s second largest lender by assets, has secured firm commitments from three sovereign wealth fund investors for its Secondary Public Offering (SPO) worth 102.5 billion rubles ($3.3 billion), the lender said on Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13114 Norway’s sovereign wealth fund grew by $37 bln in first quarter 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 Temasek says comfortable with Olam’s credit, prospects http://www.opalesque.com/SWF_Briefing/?p=13094 http://www.opalesque.com/SWF_Briefing/?p=13094#comments Fri, 26 Apr 2013 03:56:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13094 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13094>Article Link</a> Singapore state investor Temasek Holdings Pte Ltd said on Thursday it was comfortable with Olam International Ltd’s credit position and its longer-term prospects. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13094 Singapore’s Olam to cut spending, debt after investor pressure http://www.opalesque.com/SWF_Briefing/?p=13093 http://www.opalesque.com/SWF_Briefing/?p=13093#comments Fri, 26 Apr 2013 03:56:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13093 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13093>Article Link</a> Olam International Ltd , propped up by Singapore state investor Temasek Holdings after worries mounted over its high debt, said it will halve its capital spending in 2014 to 2016, cut its stake in an urea plant in Gabon and reduce its debt levels. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13093 Norway wealth fund mulls selling oil firms that work in E.Guinea http://www.opalesque.com/SWF_Briefing/?p=13085 http://www.opalesque.com/SWF_Briefing/?p=13085#comments Thu, 25 Apr 2013 03:18:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13085 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13085>Article Link</a> Norway’s sovereign wealth fund is looking into selling off shares in oil firms that work in Equatorial Guinea, where oil revenue does nothing to relieve abject poverty, the fund’s ethics council said, a list that includes Exxon Mobil. The Norwegian Pension Fund Global was Exxon Mobil’s tenth-largest shareholder at end-2012 with some 16 billion crowns ($2.7 billion) worth of shares, or a stake of 0.81 percent. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13085 SOFAZ: Oil fund expects assets to remain at 2012 level 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 Albertville gets more than $477,000 from Alabama Trust Fund http://www.opalesque.com/SWF_Briefing/?p=13070 http://www.opalesque.com/SWF_Briefing/?p=13070#comments Wed, 24 Apr 2013 03:31:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13070 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13070>Article Link</a> The city of Albertville has an additional $477,918.48 in its coffers, the City Council announced Monday at its work session. City Clerk/Treasurer Phyllis Webb told the council it had received a check for that amount from the Alabama Trust Fund.
(more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13070 CIC plays down concerns over China credits http://www.opalesque.com/SWF_Briefing/?p=13066 http://www.opalesque.com/SWF_Briefing/?p=13066#comments Tue, 23 Apr 2013 03:43:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13066 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13066>Article Link</a> China’s banking system remains safe and sound despite growing concerns over shadow banking, according to a senior executive of China Investment Corporation (CIC), the country’s sovereign wealth fund that manages US$200 billion of its foreign exchange. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13066 Khazanah set to call TIME on 45pct stake http://www.opalesque.com/SWF_Briefing/?p=13058 http://www.opalesque.com/SWF_Briefing/?p=13058#comments Mon, 22 Apr 2013 03:30:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13058 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13058>Article Link</a> Government-owned investment agency Khazanah Nasional Bhd is expected to announce the buyer of its entire 45 per cent stake in TIME Engineering Bhd next month. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13058 Ministry to partner sovereign fund authority on infrastructure http://www.opalesque.com/SWF_Briefing/?p=13056 http://www.opalesque.com/SWF_Briefing/?p=13056#comments Mon, 22 Apr 2013 03:30:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13056 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13056>Article Link</a> The Federal Ministry of Works is to partner with the Nigerian Sovereign Investment Authority (NS on the Lagos-Ibadan Expressway and an additional 39-kilometer road linking the Second Niger Bridge. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13056 Banks in which Azerbaijan’s Oil Fund placed its deposits named http://www.opalesque.com/SWF_Briefing/?p=13053 http://www.opalesque.com/SWF_Briefing/?p=13053#comments Fri, 19 Apr 2013 04:44:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13053 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13053>Article Link</a> Audit firm Ernst & Young Holdings (CIS) BV has made audit of consolidated financial statements of the State Oil Fund of Azerbaijan (SOFAZ) for 2012 on the consolidated balance sheet. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13053 Azerbaijan Oil Fund’s assets grew up to $34.326 bln 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 Azerbaijan’s State Oil Fund assets grew 0.6pct in first quarter 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 SOFAZ loses $570 mln in changing of exchange rates 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 Indonesia c bank chief says DBS-Danamon deal may happen in May http://www.opalesque.com/SWF_Briefing/?p=13032 http://www.opalesque.com/SWF_Briefing/?p=13032#comments Tue, 16 Apr 2013 01:10:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13032 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13032>Article Link</a> DBS Group Holdings Ltd’s bid to buy Indonesia’s PT Bank Danamon from Singapore state investor Temasek Holdings Pte Ltd may go ahead next month, Indonesia’s central bank chief said on Monday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13032 Excess crude account hits $7bln; FG, states, LGs share N731.13bln 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 Australian governments have blown mining boom cash, say economists http://www.opalesque.com/SWF_Briefing/?p=13021 http://www.opalesque.com/SWF_Briefing/?p=13021#comments Mon, 15 Apr 2013 03:35:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13021 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13021>Article Link</a> Australians could be sitting on a $300 billion sovereign wealth fund to rival the oil-rich nation of Kuwait if we had banked the budget windfall of the now deflating mining boom. Instead, exclusive modelling for News Limited reveals successive federal governments have squandered the lot - and then some - in tax cuts, handouts and stimulus spending. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13021 Singapore SWF arm to pick 2.6pct in Kotak Bank for Rs 1,296 cr http://www.opalesque.com/SWF_Briefing/?p=13018 http://www.opalesque.com/SWF_Briefing/?p=13018#comments Mon, 15 Apr 2013 03:34:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13018 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13018>Article Link</a> Kotak Mahindra Bank will make a preferential allotment of 2 crore equity shares to Singapore-based Heliconia for Rs 1,296 crore. The proposed investment will be at a price of Rs 648 a share. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13018 Abu Dhabi sovereign fund back in profit 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 UAE’s Mubadala swings to $123mln net profit in 2012 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 Mubadala income surges to Dh1.4bln 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 Greenko shareholders back GBP100mln investment from Singapore http://www.opalesque.com/SWF_Briefing/?p=13003 http://www.opalesque.com/SWF_Briefing/?p=13003#comments Wed, 10 Apr 2013 04:22:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13003 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13003>Article Link</a> Shareholders of Indian wind and hydro developer Greenko have supported plans for a £100m ($151m) equity investment from the Singaporean government. The company held a special shareholder meeting where investors voted yes to the investment proposal by the Government of Singapore Investment Corporation (GIC). (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13003 Azerbaijan SWF equal to half national GDP 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 DBS, Temasek extend Danamon pact http://www.opalesque.com/SWF_Briefing/?p=13000 http://www.opalesque.com/SWF_Briefing/?p=13000#comments Tue, 09 Apr 2013 04:16:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13000 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13000>Article Link</a> DBS Group Holdings’ agreement to buy 67.4 per cent of Indonesia’s PT Bank Danamon from Singapore state investor Temasek Holdings Pte Ltd has been extended by another two months, as approval of the deal languishes in Jakarta. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13000 DBS, Temasek extend deadline for $7.3 bln Bank Danamon deal http://www.opalesque.com/SWF_Briefing/?p=12999 http://www.opalesque.com/SWF_Briefing/?p=12999#comments Tue, 09 Apr 2013 04:16:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12999 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12999>Article Link</a> Singapore’s DBS Group Holdings Ltd.has secured a two-month extension for its US$7.3 billion acquisition of PT Bank Danamon, a deal that has languished for a year as it awaits approval from Indonesia’s central bank. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12999 Qatar SWF goes public with fund management IPO http://www.opalesque.com/SWF_Briefing/?p=12997 http://www.opalesque.com/SWF_Briefing/?p=12997#comments Tue, 09 Apr 2013 04:15:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12997 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12997>Article Link</a> The Qatari Sovereign Wealth Fund-backed Doha Global Investment Company is to offer shares to the public in May, as part of a plan to share the tiny Gulf state’s assets with local citizens and institutions. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12997 Wealth fund-backed Qatar investment firm to offer shares in May http://www.opalesque.com/SWF_Briefing/?p=12987 http://www.opalesque.com/SWF_Briefing/?p=12987#comments Mon, 08 Apr 2013 03:49:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12987 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12987>Article Link</a> A new 8 billion pounds Qatari investment firm, backed by assets from the sovereign wealth fund, will offer shares to the public in May as part of plans by the tiny Gulf state to share its riches with local citizens and institutions. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12987 New Qatari investment fund to do IPO http://www.opalesque.com/SWF_Briefing/?p=12986 http://www.opalesque.com/SWF_Briefing/?p=12986#comments Mon, 08 Apr 2013 03:48:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12986 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12986>Article Link</a> A new sovereign wealth fund backed Qatari investment fund worth US$12 billion would undertake an initial public offering by May. This is part of the Gulf kingdom’s plan to share its wealth with its citizens and institutions. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12986 $12bln firm to offer shares http://www.opalesque.com/SWF_Briefing/?p=12985 http://www.opalesque.com/SWF_Briefing/?p=12985#comments Mon, 08 Apr 2013 03:48:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12985 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12985>Article Link</a> A new $12 billion Qatari investment firm, backed by assets from the sovereign wealth fund, will offer shares to the public in May as part of plans by the Gulf state to share its riches with local citizens and institutions. Doha Global Investment Co, will have a total capital of 45bn riyals ($12.36bn), 50 per cent of which will be in the form of paid-up capital, according to a statement from Hussain Ali Al Abdulla, chairman of Qatar Exchange’s board. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12985 A question of shareholder responsibility http://www.opalesque.com/SWF_Briefing/?p=12981 http://www.opalesque.com/SWF_Briefing/?p=12981#comments Fri, 05 Apr 2013 05:21:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12981 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12981>Article Link</a> Another blow to the palm oil industry came on March 11 when JP Morgan Asia Pacific Equity Research revealed that the Norwegian Government Pension Fund Global (GPFG) had disposed of its stakes in 23 Asian palm oil companies in 2012, including several Indonesian companies committed to the sustainability movement. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12981 Karuturi Global to borrow from sovereign fund for its Ethiopian investment http://www.opalesque.com/SWF_Briefing/?p=12980 http://www.opalesque.com/SWF_Briefing/?p=12980#comments Fri, 05 Apr 2013 05:20:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12980 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12980>Article Link</a> Indian based Karuturi Global Ltd., the world’s largest rose grower, sold its firs produce from its plantation in Ethiopia. The company is also going to solicit funding from sovereign wealth fund for further investment in East Africa. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12980 Singapore’s government lost US$600 mln… what now? 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 Norway Oil Fund CEO: 4pct annual yield is uncertain 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 Democrats push Permanent Fund dividend protection in light of oil giveaway http://www.opalesque.com/SWF_Briefing/?p=12970 http://www.opalesque.com/SWF_Briefing/?p=12970#comments Thu, 04 Apr 2013 04:20:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12970 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12970>Article Link</a> 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…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12970 Record number of PFD recipients gave to charities this year http://www.opalesque.com/SWF_Briefing/?p=12964 http://www.opalesque.com/SWF_Briefing/?p=12964#comments Wed, 03 Apr 2013 04:44:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12964 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12964>Article Link</a> More than 26,000 people pledged $2.4 million this year from their permanent fund dividends to Alaska non-profits through the Pick. Click. Give program — a new record, the agency announced Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12964 Booming stock market helps Permanent Fund hit $45.5 bln 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 Clock ticking for Lend Lease http://www.opalesque.com/SWF_Briefing/?p=12952 http://www.opalesque.com/SWF_Briefing/?p=12952#comments Thu, 28 Mar 2013 04:47:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12952 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12952>Article Link</a> Lend Lease is under pressure to find an investor and operator for its 900-room hotel at Sydney’s Darling Harbour by mid-year, given that the project must be fully completed by 2016. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12952 FG depletes excess crude account to $7.8bln http://www.opalesque.com/SWF_Briefing/?p=12946 http://www.opalesque.com/SWF_Briefing/?p=12946#comments Wed, 27 Mar 2013 04:34:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12946 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12946>Article Link</a> The country’s Excess Crude Account (ECA) was last week depleted to $7.82 billion from $9.242 billion, following approval of the National Economic Council to deduct $2 billion for fuel subsidy payments and sharing among the three tiers of governments. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12946 Future Fund to make $175 mln from selling Birmingham shopping centre http://www.opalesque.com/SWF_Briefing/?p=12925 http://www.opalesque.com/SWF_Briefing/?p=12925#comments Thu, 21 Mar 2013 04:20:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12925 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12925>Article Link</a> Australia’s Future Fund is set for a $175 million windfall with plans to sell its stake in a Birmingham shopping centre. As Britain was in the midst of the worst recession in a generation in 2009, the federal government’s investment fund gambled $300 million on a 33 per cent share buy up in the Bullring shopping centre, a futuristic shopping mall built in 2003 on the site of where a market has existed since the Middle Ages. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12925 Khazanah plans further divestments http://www.opalesque.com/SWF_Briefing/?p=12921 http://www.opalesque.com/SWF_Briefing/?p=12921#comments Thu, 21 Mar 2013 04:19:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12921 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12921>Article Link</a> Khazanah Nasional Bhd, Malaysia’s state investment company, is planning more domestic divestments while expanding overseas, managing director Tan Sri Azman Mokhtar said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12921 Investment Corporation of Dubai (ICD) in new financing talks http://www.opalesque.com/SWF_Briefing/?p=12917 http://www.opalesque.com/SWF_Briefing/?p=12917#comments Wed, 20 Mar 2013 02:25:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12917 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12917>Article Link</a> Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai launched the syndication of $2 billion in conventional and Islamic financing facilities on 18 March. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12917 Investment Corp of Dubai plans $2 bln loan to repay debt http://www.opalesque.com/SWF_Briefing/?p=12913 http://www.opalesque.com/SWF_Briefing/?p=12913#comments Tue, 19 Mar 2013 04:30:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12913 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12913>Article Link</a> Investment Corporation of Dubai, the emirate’s main state-owned holding company, said it plans to raise $2 billion from a syndicated loan to refinance debt. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12913 GIC’s Teo says rising rates might become problem for Japan http://www.opalesque.com/SWF_Briefing/?p=12904 http://www.opalesque.com/SWF_Briefing/?p=12904#comments Mon, 18 Mar 2013 05:12:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12904 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12904>Article Link</a> Growing interest burden on Japan’s government in case of rising interest rates is “one of the contradictions or unanswered questions of Abenomics,” GIC chief economist Leslie Teo says at conference in Singapore. *“How would the Japanese government pay, given the amount of debt they have?” (more…)

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