Qatar Investment Authority, the country’s sovereign-wealth fund, bought Credit Suisse Group AG (CSGN)’s London headquarters and leased the building back to the Swiss lender.
The property at One Cabot Square in the Canary Wharf financial district has 546,114 square feet (50,736 square meters) of space, Qatar Holding LLC, the wealth fund’s foreign investment unit, said in a statement on its website. Zurich- based Credit Suisse agreed to lease the building until 2034, Qatar Holding said. It didn’t disclose the transaction value………………………………………..Full Article: Source

The Ministry of Finance feels it should manage the sovereign wealth fund for Israel’s oil and gas tax revenues. A power struggle has erupted between the Bank of Israel and the Ministry of Finance over the management of the sovereign wealth fund for Israel’s oil and gas tax revenues.
Cabinet decision handed management of the fund to the Bank of Israel. “The principles of the sovereign wealth fund were formulated months ago, but it has been held up by the war between the Ministry of Finance and the Bank of Israel over its management,” a top official involved in the process told “Globes.”……………………………………….Full Article: Source

Alex Salmond could have stashed away £5bn from North Sea revenues already if he had really wanted to, but the opportunity has been squandered. The idea of an “oil fund” is once more at the forefront of the SNP’s economic case for independence. In his speech to the London School of Economics last Wednesday, Alex Salmond proposed putting aside £1 billion a year from North Sea oil revenues to build up a fund of £30bn over 20 years.
In these pages on Friday, George Kerevan made an elegant case for such a nest egg. Oil revenues could build up a Scottish sovereign wealth fund, invested in long-term assets to perpetuate the windfall from the North Sea………………………………………..Full Article: Source

The state-owned investment firm is partnering with international banks to form a specialised project finance company due to launch in the second half of 2012.
The Singapore government has announced that its state-owned investment firm Temasek Holdings is to establish a project finance company (PFC) in partnership with DBS Bank, SMBC and Standard Chartered………………………………………..Full Article: Source

Khazanah Nasional Bhd, the government’s investment arm, will continue to invest in green and sustainable initiatives to support Malaysia’s agenda enshrined in the 10th Malaysia Plan and Economic Transformation Programme, Managing Director Tan Sri Azman Mokhtar said Monday.
Asked whether new investments have been identified, he said, Khazanah was working on some projects (local and foreign) and would make the announcement at the right time………………………………………..Full Article: Source

There has been growing debate as to whether Australia should make greater use of Australia’s sovereign wealth fund, the Future Fund, to manage fluctuations in the federal budget balance due to commodity price cycles and the business cycle.
It has also been argued that Australia needs a sovereign wealth fund to better manage the macroeconomic consequences of the “terms of trade” boom, such as the rising Australian dollar and the so-called “Dutch disease”. A sovereign wealth fund has also been advocated as a mechanism for sharing the revenue from the global commodity price boom with future generations………………………………………..Full Article: Source

A new report by the Centre for Independent Studies says the Future Fund, Australia’s de facto sovereign wealth fund, far from being a fiscally responsible way to rebalance intergenerational equity, is economically flawed.
The reasoning behind the fund being flawed is that money deposited into it comes from money that has been diverted from other parts of the government budget and that money could be better spent building desperately needed income producing national infrastructure, cutting taxes or increasing government services………………………………………..Full Article: Source