From WSJ: The Bank of Korea said Tuesday it will entrust an additional $3 billion of the country’s foreign-exchange reserves to sovereign wealth fund Korea Investment Corp. for management. “We’ll sign a contract with KIC at the earliest possible time,” the central bank said in a statement.
“As before, the entrusted money will be classified as part of the country’s foreign exchange reserves.” The $3 billion addition will bring the central bank’s deposits with KIC to $20 billion……………………………………….Full Article: Source

From Reuters: The value of Norway’s sovereign wealth fund rose 2.37 percent in November to a preliminary 3.097 trillion Norwegian crowns ($524.6 billion) from 3.025 trillion at the end of October, central bank data showed on Tuesday.
Commonly known as the “oil fund”, the Government Pension Fund — Global invests Norway’s oil and gas wealth in foreign stocks, bonds and real estate to save for future generations……………………………………….Full Article: Source

From Spiegel.de: When it was founded three years ago, the state-run Chinese Investment Corporation (CIC), which manages some $200 billion of the currency stockpile was eyed with great suspicion by Europeans.
“EU officials came to me and asked me to commit that my investment will not exceed 10 percent,” CIC manager Lou Jiwei said last year with undisguised sarcasm. “I said that’s fine, then I’m not going.”………………………………………Full Article: Source

From Reuters: Kazakhstan plans to invite either Rio Tinto or Vale to develop a copper deposit in the centre of the Central Asian country. Albert Rau, deputy minister for industry and new technologies, said the metals and mining arm of sovereign wealth fund Samruk-Kazyna, Tau-Ken Samruk, would invite one of the mining giants to develop the Spasskaya zone in Karaganda region, which extends over about 12,000 square km (4,634 sq miles).
The deposit contains gold and silver as well as copper……………………………………….Full Article: Source

From Frenchtribune.com: Kuwait’s autonomous wealth account will be equipped put up for sale its 4.8 per cent bet in the French nuclear company Areva back to the government if Paris be unsuccessful to fetch the state- hold group to a complete catalog prior to the mid of next year.
Areva’s finance director, Alain-Pierre Raynaud, expressed that the put option had been discussed as an additional “inducement” to support the government to build superior on its vow to the Kuwait Investment Authority. As per the French newspaper, Les Echos, the put option run out during September 2011……………………………………….Full Article: Source

From Allafrica.com: Former Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) Hamman Tukur has described the proposed National Sovereign Wealth Fund (NSWF) by the Federal Government as a duplication of the existing Stabilization Fund.
The Federal Government last week forwarded an executive bill to the National Assembly for the establishment of NSWF that would replace the controversial Excess Crude Account (ECA)……………………………………….Full Article: Source

From Bloomberg: Ghanaian President John Atta Mills says the country will learn from the mistakes of other African oil producers and save some of the revenue for future generations after production starts today. Government agreements to borrow more than $14 billion say otherwise.
Ruling party lawmakers amended a bill on Dec. 9 to allow the government to borrow against future oil revenue and are weighing plans to delay the creation of a sovereign wealth fund. The move comes on the heels of September loan accords with China worth about 45 percent of the country’s gross domestic product……………………………………….Full Article: Source

From Vccircle.com: Kasliwals are looking to raise Rs 500 crore ($110 million) through fresh issue of shares in a public float of Reid & Taylor, a separate garment company which sells brands such as Reid & Taylor and Stephen’s Brothers.
GIC had invested Rs 900 crore(~$200 million) in the apparel firm two years ago in one of the biggest such deals related to the textile sector. It had invested through Indivest Pte Ltd, an affiliate of GIC Special Investments and holds 25.61% of the company at present……………………………………….Full Article: Source

From Joongang Daily: Hana Financial Group is seeking to lure financial companies and banks from China and Japan as strategic investors in a bid to help finance its takeover of Korea Exchange Bank, industry sources said Tuesday.
Some of the entities the banking group has contacted include China’s sovereign wealth fund China Investment Corp., China Merchants Bank, Japan’s Sumitomo Mitsui Financial Group and a Europe-based investment bank, according to the source……………………………………….Full Article: Source

From Globes.co.il: Bank of Israel Governor Prof. Stanley Fischer has not ruled out Israel’s foreign currency reserves reaching $100 billion. In an exclusive interview with “Globes,” after being named person of the year at the 2010 “Globes” Israel Business Conference, he was asked if he saw Israel’s foreign currency reserves reaching $100 billion.”
He said, “I can imagine a situation in which that would happen but at the moment I do not see such a situation.”………………………………………Full Article: Source