Tue, Aug 30, 2016
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Sovereign Wealth Funds Briefing 30.Aug 2016

Posted on 30 August 2016 by VRS |  Email |Print

Singapore sovereign-wealth fund GIC Pte. Ltd. will acquire a 7.73% stake in Vietcombank, Vietnam’s largest bank by market capitalization, the latest in a series of bids by foreign companies for a slice of one of Asia’s hottest frontier markets.
The deal is in part the result of Vietnam’s increasing openness to outside investment as it looks to liberalize a bloated state sector and streamline regulations. GIC will purchase 305.81 million shares in Vietcombank though a private placement. The joint statement didn’t provide financial details about the stake sale, but people familiar with the process said the deal value was likely to be around $400 million………………………………………..Full Article: Source

Posted on 30 August 2016 by VRS |  Email |Print

Abu Dhabi Investment Authority (ADIA) has appointed Garry Beaton to the newly created role of global head of operations, the sovereign wealth fund said in a statement on Monday. Beaton joins the fund, which has around $792bn in assets according to industry tracker Sovereign Wealth Fund Institute, from Ashmore Group, where he held the same title.
According to the statement, Beaton will be responsible, together with other members of senior management, for guiding the strategy of the operations department and overseeing its support of internal and external funds, corporate actions, performance and development, securities lending and custody………………………………………..Full Article: Source

Posted on 30 August 2016 by VRS |  Email |Print

Finance Minister Arun Jaitley here on Monday said that India and Britain are exploring the possibility of creating a joint sub-fund under the National Investment and Infrastructure Fund (NIIF).
“Officials from both India and UK are jointly exploring creation of an India-UK sub-fund under the NIIF umbrella. We look forward to implementation of this task expeditiously and positively in near future,” Jaitley said during his meeting with visiting British Secretary of State for International Trade Liam Fox………………………………………..Full Article: Source

Posted on 30 August 2016 by VRS |  Email |Print

Norway’s $890 billion sovereign wealth fund is acknowledging that rising withdrawals by the government could hamper its quest to manage more risk and generate greater returns as it takes on more and more negative yielding securities.
The net outflows are “relevant for how we think about the risk-bearing capacity of the fund,” Egil Matsen, the deputy governor at Norway’s central bank who’s in charge of oversight of the fund, said in an interview Friday while attending a central banking conference in Jackson Hole, Wyoming………………………………………..Full Article: Source

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