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Sovereign Wealth Funds Briefing 30.Dec 2008

Posted on 30 December 2008 by VRS |  Email |Print

From Theglobeandmail.com: The combined assets of Abu Dhabi’s various investment entities represent the largest state-controlled investment funds in the world.

Although some of these investments, especially those in Western financial markets have suffered in recent months, Abu Dhabi’s investments are heavily diversified and it is likely that their total value is still in excess of $700-billion (U.S.)….. Full Article: Source

Posted on 30 December 2008 by VRS |  Email |Print

From Bi-me.com: The greatest vote of confidence on the Qatari banks came from the country’s sovereign wealth fund – the Qatar Investment Authority – a few weeks ago when it decided to buy local bank shares in a US$5.3 billion plan.

The QIA will buy between 10% and 20% of the banks’ listed capital on the Doha Securities Market based on closing share prices on 12 October. The plan came amid government’s efforts to prevent the contagion from the global financial crisis from spreading to the region in general and the country in particular….. Full Article: Source

Posted on 30 December 2008 by VRS |  Email |Print

From Bloomberg: Brazil’s biggest opposition parties asked the Supreme Court to block a Treasury bond sale this month to finance a so-called sovereign wealth fund, saying issuance of the bonds would be unconstitutional.

President Luiz Inacio Lula da Silva bypassed the legal framework congress created for the fund, exceeding his authority, when he issued a decree allowing the sale, said Thiago Boverio, the lawyer representing the Democrats party in the dispute. Boverio said he and two lawyers for other parties filed the petition earlier today….. Full Article: Source

Posted on 30 December 2008 by VRS |  Email |Print

From Efinancialnews.com: Sovereign wealth funds now account for a tenth of all money committed to private equity, according to new research, with assets of the state-owned investment vehicles expected to swell to $10 trillion (€7 trillion) by 2015.

….. Full Article: Source

Posted on 30 December 2008 by VRS |  Email |Print

From Zawya.com: The global financial crisis is expected to stifle growth in Qatar but the country will likely be the world’s fastest growing economy in 2009 given its massive gas exports and overseas assets, according to a key Saudi bank.

The bulk of the country’s assets are controlled by the government-owned Qatar Investment Authority (QIA), estimated at $50 billion (Dh183.65bn) to $60bn, besides official reserves and other investments held by the government…… Full Article: Source

Posted on 30 December 2008 by VRS |  Email |Print

From Theatlantic.com: In his first interview since the world financial crisis, Gao Xiqing, the man who oversees $200 billion of China’s $2 trillion in dollar holdings, explains why he’s betting against the dollar, praises American pragmatism, and wonders about enormous Wall Street paychecks.

And he has a friendly piece of advice: “Be Nice to the Countries That Lend You Money”….. Full Article: Source

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