Posted on 31 December 2010 by VRS | Email |Print
From WSJ: Japan could be creating a stealth sovereign-wealth fund. It is a prospect that is swirling around Japan as the country’s government has moved to extend some of its $1 trillion in foreign-exchange reserves to help back merger financing and other foreign investments of Japanese companies.
Earlier this month, Cabinet officials signaled that they will propose remaking an existing state-owned bank known as the Japan Bank for International Cooperation (or JBIC), a publicly funded lender that has been geared toward providing aid to projects in emerging markets……………………………………….Full Article: Source
Posted on 31 December 2010 by VRS | Email |Print
From Yonhap: China’s state-run sovereign wealth management company may be moving to establish a dedicated fund for the South Korean market, local market sources said.
Financial market sources said Beijing-based China Investment Corp. (CIC) has been looking to establish a local management firm and has been reviewing presentations……………………………………….Full Article: Source
Posted on 31 December 2010 by VRS | Email |Print
From China Knowledge: A consortium consisting of China Investment Corp, the country’s US$300-billion sovereign wealth fund, private equity fund TPG and the Government of Singapore Investment Corp will invest in Indonesia-based coal service and mining firm PT Delta Dunia Markmur Tbk.
PT Delta Dunia Makmur did not indicate the financial details in the statement. The deal is expected to be CIC’s first investment in Indonesia……………………………………….Full Article: Source
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From Dow Jones: An official from China Investment Corp. said Monday the sovereign wealth fund has joined a consortium of TPG Capital and Singapore’s sovereign wealth fund, Government of Singapore Investment Corp., to invest in Indonesia’s PT Delta Dunia Makmur Tbk.
The confirmation came after the Indonesian company announced the investment in a statement. The official, who declined to be named, told Dow Jones Newswires she is unaware of the details of the investment. The deal is the the first equity investment by CIC in resource-rich Indonesia……………………………………….Full Article: Source
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From Bloomberg: China’s private equity industry is “unique” because it’s dominated by the state and will follow a “different path” from overseas peers, said Xie Ping, a vice president at the nation’s $300 billion sovereign wealth fund.
Entities that manage private equity in China and those that invest in such funds are primarily state-owned institutions, China Investment Corp.’s Xie said today at an event held by China Development Bank Corp. in Beijing. The briefing was organized by the nation’s largest policy bank for its introduction of a fund that will invest in private equity……………………………………….Full Article: Source
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From Chinadaily.com.cn: China should diversify foreign reserves, internationalize the yuan and the improve efficiency of sovereign funds. The global financial crisis has offered China a good opportunity to review its ability to manage its increasing national wealth.
During the past three decades China has developed into the world’s largest foreign reserves holder and net capital exporter from a country that lacked reserves and foreign investment. The country has changed from being a debtor to become the world’s second largest creditor……………………………………….Full Article: Source
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From Thepeninsulaqatar.com: Qatar is emerging as one of Indonesia’s most important foreign investors and trade partners. In May this year, Qatar Holdings, an investment arm of Qatar Investment Authority, established an Indonesian Fund worth $1bn.
While welcoming the move, Indonesia’s Investment Coordinating Board (BKPM) Chairman Gita Wirjawan said the country is in need of foreign investments for developing infrastructure……………………………………….Full Article: Source
Posted on 31 December 2010 by VRS | Email |Print
From Thenational.ae: Qatar Holding, which would be involved in any Manchester United deal as the acquisitions arm of the sovereign wealth fund, the Qatar Investment Authority, prefers to keep a low profile on proposed investments until they become reality.
The corporation’s UK publicists, Pelham Bell Pottinger, could offer no guidance as football pundits and financial analysts talked up the prospect of a takeover bid……………………………………….Full Article: Source
Posted on 31 December 2010 by VRS | Email |Print
From Bloomberg: Qatari Diar Real Estate Investment Co., a unit of the country’s sovereign wealth fund, and German state-owned rail operator Deutsche Bahn AG last year announced that they formed Qatar Railways Development Co. to build the network in three phases by 2026.
The Doha metro system will be completed by 2019 with construction started in 2013, al Enazi said. A high-speed rail network extending outside the capital is to be finished by 2021, he said……………………………………….Full Article: Source
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From Reuters: Borse Dubai, owned by Dubai’s sovereign wealth fund, plans to use the funds to pay down debt as Dubai climbs out of an approximately $115 billion debt hole.
“Buying the LSE stake was part of Dubai’s strategy to become the regional financial centre and I think it has achieved this, but does it make sense to own the stakes in Nasdaq OMX and the LSE?,” said Mohammed Yasin, CAPM Investment’s chief investment officer. “I don’t think they’ve added value to Dubai’s markets.”………………………………………Full Article: Source
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From Reuters: Norway’s central bank will not sell Norwegian crowns in January to buy foreign exchange for the country’s oil fund, the bank said Thursday on its NOCC page, extending its December practice.
The central bank manages Norway’s 3.1 trillion Norwegian crown ($524 billion) Government Pension Fund Global, which invests surplus oil wealth to save for a future when the country’s oil and gas resources run dry……………………………………….Full Article: Source
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From Reuters: Colony Capital, the American owners of French soccer club Paris Saint Germain, are in talks to sell a stake in the club to help them compete with Europe’s elite. Qatar’s sovereign wealth fund has repeatedly been linked to a 40 million euro stake buy in PSG, although Leproux declined to comment on a potential Gulf investment.
“The arrival of new partners would be great for everybody at the club … having extra (financial) means would strengthen us and offer us new perspectives,” Robin Leproux said……………………………………….Full Article: Source
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From News.az: Azerbaijan’s strategic currency reserves were $30bn as of 1 December, an increase of 47% since the start of the year. The strategic currency reserves consist of the currency reserves controlled by the Central Bank, the assets of the State Oil Fund and the Finance Ministry’s treasury funds.
The Central Bank of Azerbaijan gave the figures today in a statement on monetary and credit policy in 2011. “In the first 11 months of 2010 Azerbaijan’s strategic currency reserves were $30bn, which allows the import of goods and services to be covered in three years,” the statement says……………………………………….Full Article: Source
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From Cpifinancial.net: Companies worldwide are adapting their investor relations strategies to enhance their outreach to hedge funds and sovereign wealth funds, according to an annual survey conducted by BNY Mellon. 93 per cent of surveyed firms meet with hedge funds, 47 per cent meet with SWFs.
Nearly a quarter considering secondary stock listing in emerging markets, according to BNY Mellon Investor Relations Survey. Nearly a quarter (22 per cent) of companies are considering a secondary listing in an emerging market, outside their home market. Among these firms, the large majority (70 per cent) identified a listing in China or Hong Kong……………………………………….Full Article: Source
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