Opalesque Sovereign Wealth Funds Briefing » People http://www.opalesque.com/SWF_Briefing Thu, 20 Jun 2013 03:31:26 +0000 http://wordpress.org/?v=2.5.1 en Nigeria: Uduaghan: We’ll support sovereign wealth fund but… http://www.opalesque.com/SWF_Briefing/?p=13358 http://www.opalesque.com/SWF_Briefing/?p=13358#comments Mon, 17 Jun 2013 00:22:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13358 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13358>Article Link</a> Governor Emmanuel Uduaghan of Delta State Friday expressed support for the Sovereign Wealth Fund and charged the federal government to ensure effective participation of all the states in the management of the initiative. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13358 The CIC hot potato http://www.opalesque.com/SWF_Briefing/?p=13345 http://www.opalesque.com/SWF_Briefing/?p=13345#comments Fri, 14 Jun 2013 03:40:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13345 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13345>Article Link</a> China’s leaders are anxious to find a new chairman for China Investment Corporation (CIC), the country’s $500 billion sovereign wealth fund. The former head, Lou Jiwei , left the fund after he was appointed as the country’s new finance minister back in March. Since Lou’s departure, there’s been no official announcement of who is going to take his place over at CIC. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13345 Abe measures may boost gains in stocks, Temasek’s Fullerton says http://www.opalesque.com/SWF_Briefing/?p=13332 http://www.opalesque.com/SWF_Briefing/?p=13332#comments Wed, 12 Jun 2013 00:56:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13332 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13332>Article Link</a> Japan Prime Minister Shinzo Abe’s efforts to revive the economy and fight deflation could lead to further gains in the country’s stocks, according to the head of Temasek Holdings Pte’s fund-management unit. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13332 China sovereign fund president says it’s met state expectations http://www.opalesque.com/SWF_Briefing/?p=13312 http://www.opalesque.com/SWF_Briefing/?p=13312#comments Mon, 10 Jun 2013 02:45:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13312 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13312>Article Link</a> China Investment Corp., the nation’s $482 billion sovereign wealth fund, has met the government’s expectations by delivering 5 percent annualized returns in the five years since its creation, the official Xinhua News Agency reported, citing the fund’s president. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13312 View from Korea: Q&A with wealth fund investment chief Don Lee http://www.opalesque.com/SWF_Briefing/?p=13305 http://www.opalesque.com/SWF_Briefing/?p=13305#comments Fri, 07 Jun 2013 01:29:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13305 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13305>Article Link</a> Sovereign wealth fund Korea Investment Corp. got into private equity investing in 2009. Despite its relatively brief history, KIC has been an active investor in both funds and deals across the globe. The $56 billion-plus fund doesn’t plan to stop there, recently announcing plans to increase its exposure to markets such as China. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13305 CIC chairmanship too hot to hold http://www.opalesque.com/SWF_Briefing/?p=13303 http://www.opalesque.com/SWF_Briefing/?p=13303#comments Fri, 07 Jun 2013 01:29:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13303 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13303>Article Link</a> For three months now, China Investment Corporation (CIC), a major sovereign wealth fund tasked with investing part of the country’s foreign exchange reserves, has been operating without a chairman of the board at its helm. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13303 New deputy chairman of board appointed in Kazakh Sovereign Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=13288 http://www.opalesque.com/SWF_Briefing/?p=13288#comments Wed, 05 Jun 2013 03:13:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13288 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13288>Article Link</a> Erdebai Dauren Imanzhanuly was appointed to the post of deputy chairman of board of the Kazakh Sovereign Wealth Fund Samruk-Kazyna, the fund said. According to the report, Erdebai has served as Chairman of the Board of “United Chemical Company” since 2009. He served as director general of “Kazakhstan Petrochemical Industries Inc” from 2007 to 2009. Moreover, at various periods Erdebai worked at senior public positions, as well as in the private sector. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13288 Bahrain SWF Mumtalakat appoints new COO http://www.opalesque.com/SWF_Briefing/?p=13281 http://www.opalesque.com/SWF_Briefing/?p=13281#comments Wed, 05 Jun 2013 03:11:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13281 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13281>Article Link</a> Mumtalakat Holding Company, the investment arm of Bahrain, said on Tuesday it has appointed a new chief operating officer. It said Zulfe Ali had moved up from his previous position within the company of vice president Corporate Finance when he managed Mumtalakat’s portfolio of liquid investments. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13281 Desperately seeking Chinese sovereign wealth fund chairman http://www.opalesque.com/SWF_Briefing/?p=13270 http://www.opalesque.com/SWF_Briefing/?p=13270#comments Mon, 03 Jun 2013 03:28:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13270 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13270>Article Link</a> The investment industry is keenly watching for signs of white smoke rising above the building in downtown Beijing that houses China’s $500bn sovereign wealth fund. But its members may have to contain their curiosity a little longer as the country’s leaders scramble to fill the top job of chairman at the China Investment Corporation. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13270 Why does nobody want China’s top SWF job? http://www.opalesque.com/SWF_Briefing/?p=13251 http://www.opalesque.com/SWF_Briefing/?p=13251#comments Wed, 29 May 2013 02:56:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13251 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13251>Article Link</a> China’s $500 billion sovereign wealth fund is reportedly struggling to fill its head position due to the pressure of handling what the Chinese press are calling ‘the hot potato’. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13251 China names key banker to head sovereign fund http://www.opalesque.com/SWF_Briefing/?p=13250 http://www.opalesque.com/SWF_Briefing/?p=13250#comments Wed, 29 May 2013 02:56:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13250 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13250>Article Link</a> China’s massive sovereign wealth-fund has named a senior executive at the country’s largest bank, the Industrial & Commercial Bank of China (ICBC), as the head of its supervisory board. China Investment Corp. said on Monday that the decision was “rendered by the State Council of the People’s Republic of China on May 17th, 2013”. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13250 China wealth fund appoints ICBC executive to key post http://www.opalesque.com/SWF_Briefing/?p=13241 http://www.opalesque.com/SWF_Briefing/?p=13241#comments Tue, 28 May 2013 05:58:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13241 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13241>Article Link</a> China’s massive sovereign wealth-fund named a longtime senior executive at China’s largest bank as the head of its supervisory board, in the latest reshuffling of China’s key government and corporate posts. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13241 Nobody wants to be in charge of spending $500 bln in China’s sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=13235 http://www.opalesque.com/SWF_Briefing/?p=13235#comments Tue, 28 May 2013 05:57:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13235 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13235>Article Link</a> Running China’s main sovereign wealth fund is a powerful job that a series of powerful leaders and executives don’t seem to want. The chairman’s position has been left open at the China Investment Corporation since Lou Jiwei left in March to become China’s finance minister. “Those with the right qualifications don’t want the job. Those who want the job don’t have the right qualifications,” one CIC executive told the Financial Times (paywall). (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13235 Power struggle in Beijing leaves CIC leaderless http://www.opalesque.com/SWF_Briefing/?p=13234 http://www.opalesque.com/SWF_Briefing/?p=13234#comments Tue, 28 May 2013 05:57:02 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13234 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13234>Article Link</a> Empty chair in sovereign wealth fund’s corner office worries investment industry observers and casts shadow over economic reform plans. China’s US$480 billion sovereign wealth fund may well have to wait a few more months before it gets its new chairman, thanks to a power struggle in Beijing. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13234 China struggles to find head for CIC sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=13233 http://www.opalesque.com/SWF_Briefing/?p=13233#comments Tue, 28 May 2013 05:56:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13233 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13233>Article Link</a> China is struggling to find a new head for its $500bn sovereign wealth fund after two leading candidates declined the job out of fear it would prove a poisoned chalice, according to people with knowledge of the situation. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13233 Alaska Permanent looks to boost internal staff to bring some investments in-house http://www.opalesque.com/SWF_Briefing/?p=13229 http://www.opalesque.com/SWF_Briefing/?p=13229#comments Tue, 28 May 2013 05:55:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13229 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13229>Article Link</a> Alaska Permanent Fund Corp. will create three internally managed investment programs, confirmed spokeswoman Laura Achee. The $47.1 billion Juneau-based sovereign wealth fund will create programs to internally manage public equity as well as absolute-return and private equity co-investments. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13229 Handling the hot potato http://www.opalesque.com/SWF_Briefing/?p=13225 http://www.opalesque.com/SWF_Briefing/?p=13225#comments Wed, 22 May 2013 02:05:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13225 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13225>Article Link</a> The presumed next leader of China’s sovereign wealth fund may look inward for growth. Although still not officially confirmed, it has been widely reported that Tu will take over as chairman of CIC. Most of the foreign press coverage has focused on CIC’s role in investing a major portion of China’s US$3.2 trillion in foreign exchange reserves overseas. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13225 Wealth fund head to become chairman of http://www.opalesque.com/SWF_Briefing/?p=13212 http://www.opalesque.com/SWF_Briefing/?p=13212#comments Tue, 21 May 2013 06:15:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13212 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13212>Article Link</a> Jin Liqun, chairman of the supervisory board of China Investment Corp - the country’s sovereign wealth fund - will step down on Friday to assume the position of chairman of China International Capital Corp on Monday, Jin told China Daily on Thursday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13212 ADIA appoints new infrastructure division head http://www.opalesque.com/SWF_Briefing/?p=13206 http://www.opalesque.com/SWF_Briefing/?p=13206#comments Fri, 17 May 2013 01:21:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13206 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13206>Article Link</a> One of the world’s biggest sovereign wealth funds, the Abu Dhabi Investment Authority announced the appointment of John McCarthy as global division head of infrastructure. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13206 Adia continues hiring spree with ex-Deutsche infrastructure chief http://www.opalesque.com/SWF_Briefing/?p=13201 http://www.opalesque.com/SWF_Briefing/?p=13201#comments Thu, 16 May 2013 01:24:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13201 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13201>Article Link</a> The Abu Dhabi Investment Authority has hired the former global head of Deutsche Bank’s Rreef Infrastructure platform to spearhead its investments in the asset class, following a number of high profile appointments by the Middle Eastern sovereign wealth fund in the last year. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13201 The Nigerian governors’ chess game http://www.opalesque.com/SWF_Briefing/?p=13200 http://www.opalesque.com/SWF_Briefing/?p=13200#comments Thu, 16 May 2013 01:24:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13200 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13200>Article Link</a> In the case of Nigeria, SWF is derived from Excess Crude Account (ECA) of the country that is owned by the Federal Government, the states and local governments. It was established by Ngozi Okonjo-Iweala, Minister of Finance and Coordinating Minister of the Economy. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13200 China Investment Corp picks new leader http://www.opalesque.com/SWF_Briefing/?p=13185 http://www.opalesque.com/SWF_Briefing/?p=13185#comments Tue, 14 May 2013 04:47:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13185 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13185>Article Link</a> A new leader has been chosen for the China Investment Corporation (CIC), nearly two months after former chairman Lou Jiwei departed to be the nation’s finance minister, according to the South China Morning Post. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13185 Changes tipped as CIC names new chairman http://www.opalesque.com/SWF_Briefing/?p=13184 http://www.opalesque.com/SWF_Briefing/?p=13184#comments Tue, 14 May 2013 04:47:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13184 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13184>Article Link</a> Tu Guangshao will be nominated as the chairman of China Investment Corporation (CIC), China’s $410 billion sovereign wealth fund, according to local media reports. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13184 Shanghai vice-mayor set for China Investment Corp http://www.opalesque.com/SWF_Briefing/?p=13178 http://www.opalesque.com/SWF_Briefing/?p=13178#comments Mon, 13 May 2013 00:56:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13178 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13178>Article Link</a> Tu Guangshao is expected to be named as chairman of the US$500 billion sovereign wealth fund China Investment Corp. Beijing is expected to announce appointments to key financial positions in the near future as the new leadership prepares to take bolder steps towards financial reforms. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13178 Temasek fails to back Standard Chartered executive directors http://www.opalesque.com/SWF_Briefing/?p=13168 http://www.opalesque.com/SWF_Briefing/?p=13168#comments Fri, 10 May 2013 03:41:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13168 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13168>Article Link</a> Standard Chartered’s largest shareholder has failed to back four of the emerging market lender’s directors in a dispute over the boardroom structure of the bank. Singaporean sovereign wealth fund Temasek, which owns an 18pc in Standard Chartered, refused to back the reelection to the bank’s board of four executive directors. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13168 Chairman wanted for wealth fund http://www.opalesque.com/SWF_Briefing/?p=13153 http://www.opalesque.com/SWF_Briefing/?p=13153#comments Thu, 09 May 2013 03:41:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13153 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13153>Article Link</a> Angola’s government plans to appoint a new chairman for its $5 billion sovereign wealth fund after Armando Manuel stepped down. Manuel was recently appointed as finance minister after the recent cabinet reshuffle. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13153 Angola to name new head of $5 bln wealth fund after cabinet reshuffle http://www.opalesque.com/SWF_Briefing/?p=13152 http://www.opalesque.com/SWF_Briefing/?p=13152#comments Thu, 09 May 2013 03:41:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13152 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13152>Article Link</a> Angola’s government plans to appoint a new chairman for its $5 billion sovereign wealth fund, with Armando Manuel stepping down from the post after he was appointed as the oil rich-country’s finance minister, a spokeswoman for the fund said on Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13152 Angola to name new head of $5 bln wealth fund after cabinet reshuffle http://www.opalesque.com/SWF_Briefing/?p=13150 http://www.opalesque.com/SWF_Briefing/?p=13150#comments Wed, 08 May 2013 02:40:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13150 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13150>Article Link</a> Angola’s government plans to appoint a new chairman for its $5 billion sovereign wealth fund, with Armando Manuel stepping down from the post after he was appointed as the oil rich-country’s finance minister, a spokeswoman for the fund said on Tuesday. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13150 Angola’s finance minister change boosts fund, Control Risks says http://www.opalesque.com/SWF_Briefing/?p=13149 http://www.opalesque.com/SWF_Briefing/?p=13149#comments Wed, 08 May 2013 02:40:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13149 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13149>Article Link</a> The appointment of Armando Manuel as Angola’s finance minister boosts the legitimacy of the southern African nation’s $5 billion sovereign wealth fund, Markus Weimer of Control Risks Group said. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13149 Angola: SWF chairman promoted to finance minister http://www.opalesque.com/SWF_Briefing/?p=13139 http://www.opalesque.com/SWF_Briefing/?p=13139#comments Tue, 07 May 2013 03:50:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13139 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13139>Article Link</a> President Jose Eduardo dos Santos replaced his finance and construction ministers on Monday in the first cabinet re-shuffle since he led his MPLA party to victory in Angolan elections last August. Armando Manuel, who had served as secretary for economic affairs, replaces Carlos Alberto Lopes as finance minister of Africa’s No. 2 oil producer, the presidency said a statement without giving reasons for the re-shuffle. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13139 Abu Dhabi Investment Authority director Jauan Al Dhaheri dies http://www.opalesque.com/SWF_Briefing/?p=13133 http://www.opalesque.com/SWF_Briefing/?p=13133#comments Mon, 06 May 2013 02:29:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13133 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13133>Article Link</a> Jauan Salem Al Dhaheri, a board member of the Abu Dhabi Investment Authority and secretary general of the emirate’s Supreme Petroleum Council, has died, according to a condolence message on the ruler of Dubai’s website. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13133 Goldman-arranged bond sale stings Najib before Malaysia election http://www.opalesque.com/SWF_Briefing/?p=13129 http://www.opalesque.com/SWF_Briefing/?p=13129#comments Fri, 03 May 2013 03:35:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13129 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13129>Article Link</a> Malaysian Prime Minister Najib Razak is facing calls before a weekend election to justify a $3 billion bond placement by the sovereign-wealth fund he leads, with opponents saying the deal was unnecessary and mispriced. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13129 Gao says CIC doesn’t get equal treatment from U.S. http://www.opalesque.com/SWF_Briefing/?p=13100 http://www.opalesque.com/SWF_Briefing/?p=13100#comments Mon, 29 Apr 2013 03:00:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13100 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13100>Article Link</a> China Investment Corp., the world’s fifth-largest sovereign wealth fund, is treated differently than other investors by U.S. regulators, the company’s president said in Washington. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13100 Qatar’s Hassad appoints new CEO to drive growth http://www.opalesque.com/SWF_Briefing/?p=13099 http://www.opalesque.com/SWF_Briefing/?p=13099#comments Mon, 29 Apr 2013 02:59:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13099 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13099>Article Link</a> Hassad Food Co, the agricultural investment arm of Qatar’s sovereign wealth fund, said on Sunday it has appointed a new CEO. Fahad Abdulla Turki Al-Subaiey will be based in the company’s headquarters in Doha and will report directly to Nasser Al Hajri, the chairman of the Hassad Food Company. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13099 CIC chief Gao says China’s fund treated differently by U.S. http://www.opalesque.com/SWF_Briefing/?p=13096 http://www.opalesque.com/SWF_Briefing/?p=13096#comments Fri, 26 Apr 2013 03:57:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13096 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13096>Article Link</a> China Investment Corp., the world’s fifth-largest sovereign wealth fund, is treated differently than other investors by U.S. regulators, the company’s president said in Washington. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13096 Head of Kuwait Investment Authority denies role in stock market trading http://www.opalesque.com/SWF_Briefing/?p=13052 http://www.opalesque.com/SWF_Briefing/?p=13052#comments Fri, 19 Apr 2013 04:44:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13052 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13052>Article Link</a> The head of Kuwait Investment Authority has denied reports suggesting that the country’s sovereign wealth fund may have played a role in driving up recent trading in the national stock market. Bader Mohammad al-Saad told Al Arabiya on Thursday that the Investment Authority has long-term strategic investment purposes and does not interfere in daily market trading. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13052 Gold will bounce back, Greek debt is a buy: China’s sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=13049 http://www.opalesque.com/SWF_Briefing/?p=13049#comments Thu, 18 Apr 2013 02:33:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13049 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13049>Article Link</a> Gao Xiqing, president of China Investment Corp., the country’s $500-billion sovereign wealth fund, recently denounced Japan thusly (paywall): “Treating the neighbors as your garbage bin and starting a currency war would not only be dangerous for others but eventually be bad for yourself.” (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13049 Parrado’s guide to building sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=13046 http://www.opalesque.com/SWF_Briefing/?p=13046#comments Thu, 18 Apr 2013 02:28:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13046 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13046>Article Link</a> They may be on opposite sides of the Earth, but Chile in Latin America and Central Asia’s sparsely populated Mongolia share more than a few similarities. Both boast some of the biggest copper deposits in the world and now Mongolia has turned to Chile for advice on how best to steward income from its forecast bounty that stretches out beneath the Gobi desert. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13046 India: PM pushes for $100bln sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=13045 http://www.opalesque.com/SWF_Briefing/?p=13045#comments Wed, 17 Apr 2013 01:46:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13045 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13045>Article Link</a> The prime minister’s office does not agree with the finance ministry position that the country does not have enough foreign exchange to set up a sovereign wealth fund. Prime minister Manmohan Singh is keen on creating a $100 billion fund. Finance minister P Chidambaram will soon meet the prime minister to discuss the next steps towards creating the fund. “Inputs from various ministries have been received. The prime minister will now give a final directive,” says an official. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13045 Norway finance minister expects more volatile oil fund 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 CIC’s Gao Xiqing lets rip at Boao media http://www.opalesque.com/SWF_Briefing/?p=13007 http://www.opalesque.com/SWF_Briefing/?p=13007#comments Wed, 10 Apr 2013 04:23:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=13007 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=13007>Article Link</a> Gao Xiqing, the very funny and impressive vice-chairman and president of China Investment Corporation, got fed up with repeated mistakes by the moderator, a reporter from the Financial Times, who kicked off the roundtable by quoting grossly inaccurate figures about foreign investment into China and then proceeded to refer to CIC as “China Capital”. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=13007 Shaikh Khalifa Bin Zayed Al Nahyan to chair ADIA http://www.opalesque.com/SWF_Briefing/?p=12995 http://www.opalesque.com/SWF_Briefing/?p=12995#comments Tue, 09 Apr 2013 04:15:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12995 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12995>Article Link</a> President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued an Emiri decree restructuring the Abu Dhabi Investment Authority. According to the decree, the investment authority will be chaired by Shaikh Khalifa. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12995 Ousted head of Libyan Investment Authority speaks out http://www.opalesque.com/SWF_Briefing/?p=12994 http://www.opalesque.com/SWF_Briefing/?p=12994#comments Tue, 09 Apr 2013 04:15:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12994 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12994>Article Link</a> The departing chairman and chief executive of the Libyan Investment Authority has said he was about to appoint lawyers to seek compensation from banks including Société Générale and Goldman Sachs – banks he has accused in the past of causing losses worth billions of dollars. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12994 China fund chief raps U.S. http://www.opalesque.com/SWF_Briefing/?p=12993 http://www.opalesque.com/SWF_Briefing/?p=12993#comments Mon, 08 Apr 2013 03:50:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12993 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12993>Article Link</a> The U.S. is telling China’s $500 billion sovereign-wealth fund to “go away,” according to the fund’s top executive, in the latest sign of strained investment ties between the world’s two largest economies. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12993 Philippines: Gov’t urged to create ’sovereign wealth fund’ http://www.opalesque.com/SWF_Briefing/?p=12974 http://www.opalesque.com/SWF_Briefing/?p=12974#comments Thu, 04 Apr 2013 04:21:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12974 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12974>Article Link</a> Liberal Party senatorial candidate Ramon Magsaysay Jr. on Wednesday said the government should take risks in creating a Sovereign Wealth Fund (SWF) to sustain the country’s strong financial standing. Magsaysay emphasized that the SWF will not only stabilize the country’s resilient economic growth but will also help expand and boost competition among small and medium enterprises (SMEs) that are said to be responsible for driving innovation in many economic sectors. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12974 The battle for the Libyan Investment Authority http://www.opalesque.com/SWF_Briefing/?p=12969 http://www.opalesque.com/SWF_Briefing/?p=12969#comments Wed, 03 Apr 2013 04:46:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12969 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12969>Article Link</a> Mohsen Derregia was plucked from nowhere to run the $60 billion fund of the Libyan Investment Authority. He found a mess that he spent a year trying to clean up. Now, as many of LIA’s investments are being reassessed, he’s on his way out. He tells an extraordinary tale of sovereign wealth in a conflict-torn country. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12969 UAE’s ADCB appoints first female board member http://www.opalesque.com/SWF_Briefing/?p=12965 http://www.opalesque.com/SWF_Briefing/?p=12965#comments Wed, 03 Apr 2013 04:44:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12965 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12965>Article Link</a> Abu Dhabi Commercial Bank (ADCB) announced on Tuesday that it has appointed the first woman to its board of directors. The appointment of Aysha Ahmed Sultan Al Hallami, who joined the board alongside Omar Liaqat, was part of the bank’s efforts to promote greater diversity at senior level. Al Hallami is a research Analyst at Abu Dhabi Investment Authority (ADIA). (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12965 Oman Investment Fund announces new Board appointees at Oman National Investment Corporation Holding http://www.opalesque.com/SWF_Briefing/?p=12958 http://www.opalesque.com/SWF_Briefing/?p=12958#comments Tue, 02 Apr 2013 02:26:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12958 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12958>Article Link</a> Oman Investment Fund (OIF) a sovereign wealth fund of the Sultanate of Oman, has today announced the appointment of, among other new members, two insurance industry experts to the board of Oman National Investment Corporation Holding SAOG. OIF acquired a 41.13% holding, in ONIC Holding in February 2013. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12958 China’s captains of capital http://www.opalesque.com/SWF_Briefing/?p=12902 http://www.opalesque.com/SWF_Briefing/?p=12902#comments Mon, 18 Mar 2013 05:00:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12902 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12902>Article Link</a> With China’s parliament voting on Saturday, important appointments were made in the fields of finance and economics. Zhou Xiaochuan was reappointed central bank governor, becoming the longest-serving chief of the central bank. Lou Jiwei, the former head of China Investment Corp, China’s sovereign wealth fund, will now take over as Minister of Finance. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12902 Successful sovereign wealth fund needs to have long term view http://www.opalesque.com/SWF_Briefing/?p=12893 http://www.opalesque.com/SWF_Briefing/?p=12893#comments Thu, 14 Mar 2013 02:01:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12893 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12893>Article Link</a> Former Government of Singapore Investment Corporation (GIC) chief investment officer Ng Kok Song says sovereign wealth funds should look at investing in the long term. A successful sovereign wealth fund needs to have a long-term investment horizon. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12893 Josephine Teo explains GIC’s omission on nominal returns in Singdollar 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 Angolan fund to focus on infrastructure http://www.opalesque.com/SWF_Briefing/?p=12888 http://www.opalesque.com/SWF_Briefing/?p=12888#comments Thu, 14 Mar 2013 02:00:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12888 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12888>Article Link</a> José Filomeno de Sousa dos Santos, the son of Angola’s President José Eduardo dos Santos, has just swept in and out of South Africa to market the country’s new $5 billion (R45bn) sovereign wealth fund, as well as to talk to fund managers and investors here. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12888 Libya’s sovereign wealth fund “in limbo” after sacking http://www.opalesque.com/SWF_Briefing/?p=12875 http://www.opalesque.com/SWF_Briefing/?p=12875#comments Wed, 13 Mar 2013 04:09:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12875 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12875>Article Link</a> The outgoing head of Libya’s sovereign wealth fund said a decision to sack him has left its restructuring plans and the pursuit of compensation for investment losses in limbo, potentially costing the country millions. Late last month Prime Minister Ali Zeidan said Mohsen Derregia, head of the Libyan Investment Authority (LIA), would be replaced under a government policy to remove those who performed poorly in their jobs. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12875 How Norway’s SWF beat the street – without external managers http://www.opalesque.com/SWF_Briefing/?p=12870 http://www.opalesque.com/SWF_Briefing/?p=12870#comments Tue, 12 Mar 2013 04:02:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12870 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12870>Article Link</a> Back in 2012 the operator of the Norwegian government’s pension fund axed many of its external mandates, opting to rely instead on in-house expertise. One year on, it’s delivered its second best return ever. Here’s how it did it. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12870 Angola wealth fund looks to invest in Southern Africa http://www.opalesque.com/SWF_Briefing/?p=12866 http://www.opalesque.com/SWF_Briefing/?p=12866#comments Tue, 12 Mar 2013 04:01:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12866 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12866>Article Link</a> The son of Angolan President Jose Eduardo dos Santos says the country’s new $5bn sovereign wealth fund will look for investment opportunities in South Africa and the region as it bids to grow the returns that are key to improving infrastructure in the oil-rich nation. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12866 Australian Future Fund chief Burgess talks total-portfolio investing http://www.opalesque.com/SWF_Briefing/?p=12863 http://www.opalesque.com/SWF_Briefing/?p=12863#comments Tue, 12 Mar 2013 03:59:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12863 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12863>Article Link</a> Managing director and president of Australia’s Future Fund, Mark Burgess leads a dynamic sovereign wealth fund with A$82.4 billion ($85.1 billion) in assets and a reputation for savvy risk management. Launched in May 2006 with just A$18 billion, Future Fund - which kept most of its assets in cash during the financial crisis - went on to build a highly integrated, risk-weighted portfolio of investments. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12863 Qatar eyes Sarkozy to head wealth fund http://www.opalesque.com/SWF_Briefing/?p=12856 http://www.opalesque.com/SWF_Briefing/?p=12856#comments Mon, 11 Mar 2013 05:04:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12856 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12856>Article Link</a> Qatar’s sovereign wealth fund hopes to appoint former French president Nicolas Sarkozy in a senior role at a new private equity fund. London’s Financial Times cited anonymous sources claiming that Qatar Investment Authority alongside other investors were prepared to back Sarkozy, who lost last year’s presidential race to socialist Francois Hollande, with up to €500m to run the new fund. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12856 China wealth fund, commerce ministry to get new heads http://www.opalesque.com/SWF_Briefing/?p=12847 http://www.opalesque.com/SWF_Briefing/?p=12847#comments Fri, 08 Mar 2013 04:25:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12847 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12847>Article Link</a> China will likely appoint savvy international dealmakers to run its giant sovereign wealth fund and Commerce Ministry in a soft power push to soothe fears over a planned spending spree to boost Beijing’s ownership of strategic global assets. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12847 Libya premier asks wealth fund head to step aside after firing http://www.opalesque.com/SWF_Briefing/?p=12824 http://www.opalesque.com/SWF_Briefing/?p=12824#comments Tue, 05 Mar 2013 03:58:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12824 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12824>Article Link</a> Libyan Prime Minister Ali Zaidan said the head of the country’s sovereign wealth fund should step aside and allow his successor to take over after he was fired. “We are hoping that Mr Derregia will do the right thing and step down,” Prime Minister Ali Zaidan told reporters yesterday in Tripoli, referring to Mohsen Derregia, Chairman and Chief Executive Officer of the fund, who was fired recently. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12824 LG partner joins Abu Dhabi Investment Authority http://www.opalesque.com/SWF_Briefing/?p=12822 http://www.opalesque.com/SWF_Briefing/?p=12822#comments Tue, 05 Mar 2013 03:57:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=12822 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=12822>Article Link</a> Former Lawrence Graham (LG) technology partner Peter Brudenall has joined the Abu Dhabi Investment Authority (ADIA) in its in-house legal team. (more…)

]]> http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=12822