Opalesque Sovereign Wealth Funds Briefing » Asset Allocation

Just Dial raises $38M from anchor investors including Temasek, half of the IPO subscribed on day 1

VRS — Tue, 21 May 2013 06:16:13 +0000

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State could tap Alabama Trust Fund again in bond issue for National Guard armories

VRS — Thu, 16 May 2013 01:23:16 +0000

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Qatar postpones float of GBP7.8bln investment firm

VRS — Tue, 14 May 2013 04:46:44 +0000

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Qatar postpones listing of $12bln investment company

VRS — Mon, 13 May 2013 00:55:18 +0000

A planned stock market listing for Doha Global Investment Co, a $12 billion Qatari investment company backed by assets from the Gulf state’s sovereign wealth fund, has been postponed, a senior bourse official said on Sunday. Qatar unveiled plans to create the investment company in February and said that sovereign fund Qatar Holding will transfer $3 billion of assets into the Doha Global, with a similar amount raised in an initial public offering (IPO) on the Qatar Exchange. (more…)

Malaysia sovereign wealth fund backs $1.37bln China Galaxy IPO

VRS — Mon, 13 May 2013 00:54:33 +0000

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Qatar Petroleum plans $50bln IPOs for units

VRS — Thu, 09 May 2013 03:42:35 +0000

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Four state-linked Qatar companies mull IPOs amid investment push

VRS — Thu, 09 May 2013 03:42:31 +0000

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Sunshine Oilsands to raise C$300mln with debt this year for expansion

VRS — Wed, 08 May 2013 02:39:26 +0000

Sunshine Oilsands, a developer of oil sands projects in Canada, plans to raise C$300 million (HK$2.3 billion) this year by issuing debt to fund expansion. The Hong Kong and Toronto-listed firm is 30.9 per cent owned by China Petroleum & Chemical (Sinopec), sovereign wealth fund manager China Investment Corp, and the Hong Kong asset management arms of Bank of China and China Life Insurance. (more…)

Goldman-arranged bond sale stings Najib before Malaysia election

VRS — Fri, 03 May 2013 03:35:10 +0000

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Norway’s $735 bln fund sees low bond returns for long time to come

VRS — Thu, 02 May 2013 03:41:53 +0000

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Singapore GIC raises US$250mln through sale of Glencore convertible bonds

VRS — Thu, 02 May 2013 03:40:51 +0000

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Singapore bets on Glencore shares with $250 mln swap

VRS — Tue, 30 Apr 2013 04:26:06 +0000

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Singapore GIC raises US$250 mln through sale of Glencore convertible bonds

VRS — Tue, 30 Apr 2013 04:25:52 +0000

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…)

GIC launches accelerated bookbuilding for sale of bonds

VRS — Tue, 30 Apr 2013 04:25:35 +0000

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VTB Bank draws wealth fund investors for $3 bln SPO

VRS — Tue, 30 Apr 2013 04:25:00 +0000

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VTB said to draw Norway, Qatar wealth to $3.3 bln share sale

VRS — Mon, 29 Apr 2013 03:02:17 +0000

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Sovereign wealth funds keen on Turkish markets

VRS — Fri, 26 Apr 2013 03:54:56 +0000

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Khazanah said to pick 3 banks for $1 bln convertible Sukuk

VRS — Thu, 25 Apr 2013 03:18:01 +0000

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PKR questions timing of 1MDB’s $3 bln bond issuance

VRS — Tue, 23 Apr 2013 03:43:14 +0000

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Galaxy Securities said to start gauging demand for initial offer

VRS — Mon, 22 Apr 2013 03:30:56 +0000

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Over 50 pct of Azerbaijani State Oil Fund’s investment portfolio concentrated in U.S. dollars

VRS — Fri, 19 Apr 2013 04:44:59 +0000

As of the first quarter, around 51.32 percent of the total volume of the investment portfolio of the Azerbaijani State Oil Fund (SOFAZ) are in U.S. dollars ($17.53 billion), SOFAZ said. As of Jan.-March, the total amount of SOFAZ investment portfolio amounted to over $34.15 billion or 99.5 percent of total volume of assets. (more…)

Scepticism over US$6bln Qatari IPO

VRS — Mon, 15 Apr 2013 03:36:20 +0000

The Qatar Investment Authority, the Gulf country’s sovereign wealth fund, is planning an IPO of a new US$12bn investment fund in what would be one of the largest ECM deals in the region. But with the sale of shares set to be restricted to investors based in the country, bankers are sceptical that the Qatari market has the capacity to absorb a deal of this magnitude. (more…)

Qatar SWF goes public with fund management IPO

VRS — Tue, 09 Apr 2013 04:15:45 +0000

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Wealth fund-backed Qatar investment firm to offer shares in May

VRS — Mon, 08 Apr 2013 03:49:03 +0000

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New Qatari investment fund to do IPO

VRS — Mon, 08 Apr 2013 03:48:48 +0000

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$12bln firm to offer shares

VRS — Mon, 08 Apr 2013 03:48:33 +0000

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…)

1MDB sold US$3 bln of bonds?

VRS — Fri, 22 Mar 2013 04:45:56 +0000

1Malaysia Development Bhd, the state investment company also known as 1MDB, sold US$3 billion of dollar-denominated bonds on March 19, said a person with knowledge of the transaction. The securities are long-dated, said the person who asked not to be named as the information is private. 1MDB chief financial officer Azmi Tahir declined to comment on the matter. (more…)

Azeri $34 bln fund to remake holdings after Aussie, gold

VRS — Mon, 18 Mar 2013 05:00:28 +0000

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Why GIC won’t provide full portfolio disclosure

VRS — Thu, 14 Mar 2013 02:00:28 +0000

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Norway fund lifts Aussie debt holdings, raises BHP stake

VRS — Wed, 13 Mar 2013 04:10:40 +0000

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Norway fund flees currencies tainted by stimulus addiction

VRS — Tue, 12 Mar 2013 04:03:01 +0000

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Norwegian oil fund dumps UK gilts

VRS — Tue, 12 Mar 2013 04:02:33 +0000

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Temasek-backed REIT up after Singapore IPO

VRS — Fri, 08 Mar 2013 04:25:35 +0000

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Investment Corporation of Dubai to offer at least one flagship asset to the public in 2014

VRS — Wed, 06 Mar 2013 03:44:52 +0000

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Temasek-backed Mapletree prices Singapore IPO at top

VRS — Wed, 27 Feb 2013 03:58:40 +0000

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India: Sovereign wealth funds lap up permits to buy bonds

VRS — Thu, 21 Feb 2013 02:53:36 +0000

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Abu Dhabi wealth fund keen on India infra bonds

VRS — Mon, 18 Feb 2013 01:39:15 +0000

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RDIF Invests in the Moscow Exchange IPO

VRS — Mon, 18 Feb 2013 01:38:04 +0000

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Kremlin SWF seeks China fund for Moscow Exchange’s IPO

VRS — Thu, 14 Feb 2013 03:56:51 +0000

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Ironbridge, GIC hire Credit Suisse to mull FleetPartners IPO

VRS — Wed, 13 Feb 2013 04:03:02 +0000

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China fires a warning shot at the Fed

VRS — Fri, 01 Feb 2013 03:26:50 +0000

The tension between Central Banks that we noted continues to worsen. This time it was China and the EU, not just Germany, that fired warning shots at the US Fed. A senior Chinese official said on Friday that the United States should cut back on printing money to stimulate its economy if the world is to have confidence in the dollar. (more…)

NZ Superannuation Fund to increase allocation to catastrophe bonds and ILS

VRS — Wed, 30 Jan 2013 03:19:31 +0000

Here’s some more evidence of the increasing interest that large pension funds are showing in the catastrophe bond, insurance-linked securities and reinsurance-linked investment space. The New Zealand Superannuation Fund, a fund for the state-run retirement benefit (pension) available to all working New Zealanders, already has an allocation to cat bonds in its alternative investment portfolio but is considering increasing it further. (more…)

Yield-seeking sovereign wealth funds set to target new asset classes

VRS — Fri, 25 Jan 2013 01:29:15 +0000

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Olam raises $712.5 mln from bonds as offering oversubscribed

VRS — Fri, 25 Jan 2013 01:28:03 +0000

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Foreign stocks boost Alaska Permanent Fund

VRS — Wed, 23 Jan 2013 04:13:07 +0000

The easing of fears over the European debt crisis and the state of China’s economy led to a boost in foreign stocks held by the Alaska Permanent Fund Corp. Officials with the corporation that oversees Alaska’s oil wealth portfolio says the fund ended the second quarter of the fiscal year with a return of 2.7 percent. (more…)

Asiacell lures state funds in biggest mideast IPO since 2008

VRS — Thu, 17 Jan 2013 03:17:44 +0000

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CIC eyes real assets, flags global risks

VRS — Wed, 16 Jan 2013 03:20:22 +0000

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China fund may cut US debt holdings

VRS — Wed, 16 Jan 2013 03:19:55 +0000

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CIC chief hopes to cut treasury purchases

VRS — Tue, 15 Jan 2013 03:57:56 +0000

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Allocations for assets of Azerbaijan’s Oil Fund exempted from taxes

VRS — Wed, 19 Dec 2012 04:10:19 +0000

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Sovereign wealth funds: Money Moves (Video)

VRS — Tue, 04 Dec 2012 04:18:45 +0000

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Norway’s other investment strategy: Buy pre-IPO (Video)

VRS — Tue, 04 Dec 2012 04:18:28 +0000

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Samruk-Energy planning $680 mln Eurobond placement

VRS — Fri, 30 Nov 2012 04:43:36 +0000

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Abu Dhabi’s IPIC to raise $2.9 bln in bonds

VRS — Fri, 30 Nov 2012 04:42:56 +0000

Abu Dhabi’s International Petroleum Investment Co. (IPIC) plans to raise about $2.9 billion in bonds. IPIC is seeking to attract fixed income investors so that it can leverage and finance more energy investments and projects. IPIC continues to invest and buy into refinery, liquefied natural gas developments, and other assets in the hydrocarbon value chain. (more…)

Azerbaijan buys Australian government bonds

VRS — Wed, 28 Nov 2012 03:50:54 +0000

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Azerbaijan’s wealth fund latest to buy Australian government bonds

VRS — Tue, 27 Nov 2012 01:34:42 +0000

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BlackRock eyes infrastructure debt market

VRS — Mon, 26 Nov 2012 03:02:38 +0000

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Abu Dhabi fund manager sees fixed income opportunity

VRS — Tue, 20 Nov 2012 04:37:32 +0000

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Abu Dhabi’s Invest AD launches Mideast, Africa bond fund

VRS — Tue, 20 Nov 2012 04:37:14 +0000

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Abu Dhabi asset manager targets Africa

VRS — Thu, 15 Nov 2012 04:22:00 +0000

The fund manager spun out of Abu Dhabi’s sovereign wealth fund is launching an African equities fund together with Moroccan bank Attijariwafa, seeking to take advantage of Africa’s “economic emergence”. Abu Dhabi-based Invest AD has signed a memorandum of understanding with Attijariwafa that will see the two launch an equity fund and help each other source new business. (more…)