Mon, Jul 28, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 18.Feb 2009

Posted on 18 February 2009 by VRS |  Email |Print

From Reuters: China Investment Corp (CIC), a $200 billion sovereign wealth fund, is in talks with local banks to jointly bid for American International Group Inc’s $8 billion aircraft leasing unit, sources with knowledge of the situation said on Tuesday.

In the last couple of months, CIC has approached at least two of China’s biggest lenders — Industrial and Commercial Bank of China and Bank of China - to discuss the possibility of jointly bidding for International Lease Finance Corp (ILFC), the sources said….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Rgemonitor.com: Sovereign Wealth Funds (SWFs) are losing money hand over fist, which should leave one wondering whether their appetite for Western assets will continue to bolster those markets.

Funds in Asia and the Middle East have been hit by a double-whammy of losses on existing foreign asset portfolios and weak domestic markets due to the fall in oil prices in the Mideast and an absence of de-coupling in Asia….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Chinastakes.com: The Chinese government is considering allocating a part of its foreign exchange reserve to set up a special fund to support the overseas resource acquisition of Chinese petroleum companies.
It may also launch other policies to support loan interest discounts and higher fund injection ratios from the government….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Bloomberg: Government of Singapore Investment Corp., one of two sovereign wealth funds owned by the island, lost as much as S$50 billion ($33 billion) in 2008, the Wall Street Journal said, citing two people familiar with the matter.

The fund doesn’t plan to get rid of its investments including in Citigroup Inc. and UBS AG even as asset values plummet, the newspaper said. GIC expects the two banks to provide substantial long-term returns, according to the report….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Efinancialnews.com: The world’s largest sovereign wealth funds, some of which have been hit with a plunge in the values of their equity stakes in recent months, are increasingly considering other means of investing efficiently, according to a new survey.…. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Juneauempire.com: Investment managers for the Alaska Permanent Fund Corp. and the Alaska Retirement Management Board say they’re shifting their policies to require openness, and taking advantage of the downturn in markets to do so.

The Bernie Madoff scandal, one of the nation’s largest Ponzi schemes where $50 billion in hedge funds was lost, brought new attention to the issue of secret investments….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Bloomberg: PT Bank Danamon Indonesia, backed by Temasek Holdings Pte and Deutsche Bank AG, plans to raise about 4 trillion rupiah ($336 million) from existing shareholders to replenish capital, two people familiar with the matter said.

The fifth-biggest Indonesian bank may announce details on the rights offer this week, the two people said, asking not to be identified because they aren’t permitted to discuss the matter publicly. Danamon may sell the shares at a discount of at least 45 percent to the last closing price before the announcement, they said….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Reuters: The European Commission approved on Tuesday a new joint venture by United Arab Emirates investment fund Mubadala Development and British aircraft engine maker Rolls-Royce PLC.

The Commission, competition watchdog of the 27-nation European Union, said in a statement that the venture to provide maintenance, repair and overhaul services for aircraft engines, would not raise competition concerns….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Newenergyworldnetwork.com: Singapore-based private equity firm Ant Global Partners is to raise a $250m cleantech fund over the next three years for Indonesian water treatment and renewable projects. Indonesia’s sovereign wealth fund, Government Investment Unit, are to commit 10 per cent of the fund, according to the report.

Ant Global Partners is the international investment arm of Japanese private equity investment company Ant Capital Partners….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Gtnews.com: Sovereign wealth funds entered the limelight when they stepped in to save the banking system last year. This article explores some of the issues surrounding these funds, in terms of accountability and control, and the new international regulations.…… Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Time: Today, almost alone in the world, China’s state-owned companies are still cash flush. Crucially, though, they have learned a basic — and expensive — lesson about investing abroad.

As a result, the ‘Go Out’ strategy has been tweaked. It might now be better called the ‘Buy Low’ campaign, and in one of the markets that Beijing has long had in its strategic sights — Australia’s vast metals and minerals industry — it is now unfolding….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From News.com.au: The London-based Anglo American and China Investment Corp, a $US200 billion ($314 billion) sovereign wealth fund, are in talks to take big stakes in Andrew “Twiggy” Forrest’s mining company.

The prospective entry of Anglo American and China Investment Corp into the carve-up of Australia’s premium resources assets is likely to create a big political headache for the Rudd Government….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Businessspectator.com.au: Australian iron ore miner Fortescue Metals Group has revealed it has held talks with Anglo American plc and China Investment Corp about investment opportunities.

Fortescue was queried by the Australian stock exchange after a 26 per cent rise in its shares. The exchange asked Fortescue to address a news report that Anglo American and China Investment Corp, a $200 billion sovereign wealth fund, were in talks to buy stakes in Fortescue. ….. Full Article: Source

Posted on 18 February 2009 by VRS |  Email |Print

From Abc.net.au: The Greens say the Federal Government must block the Chinese-owned Chinalco company buying part of Rio Tinto because of human rights abuses by the Chinese Government.

Under the proposed $30 billion deal, Chinalco would take an 18 per stake in Rio. The transaction will need Federal Government approval.Federal Treasurer Wayne Swan has confirmed he has held talks with the head of China’s sovereign wealth fund about Chinese investment in Australia…… Full Article: Source

See more articles in the archive

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031