Wed, Sep 3, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 10.Jun 2009

Posted on 10 June 2009 by VRS |  Email |Print

From Bloomberg: Abu Dhabi Investment Co., a state- owned asset manager in the United Arab Emirates, will start four equity funds to invest in the Middle East and Africa as it seeks to attract more “third-party” money to the region.

The company, which mainly managed government money for three decades, has also re-branded itself as ‘Invest AD’ as it seeks to turn the oil-rich region from a “source of capital into a destination of capital,” Chief Executive Officer Nazem Fawwaz Al Kudsi told a news conference in Abu Dhabi today. …….Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Siliconindia.com: The State Bank of India is in the final stages of inking the set up of private equity funds with sovereign entities in Oman. The bank is also designated by the government of India as the operationalizing agency for a similar sovereign fund with Qatar.

With an Australian firm, Macquire and Washington, the SBI has an Indian focused fund. The fund was set to boost up the investment in the country’s infrastructure sector. The fund will continue its fund raising activities this year……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From China Knowledge: Government of Singapore Investment Corp (GIC), a global investment management company established in 1981 to manage Singapore’s foreign reserves, has cut its H-share holding in Sinopec Shanghai Petrochemical Co Ltd to 4.8% from the previous 5.02%, according to the bourse operator Hong Kong Exchanges and Clearing.

Information from HKEx showed that GIC on Jun. 2 sold 5.06 million H-shares in Sinopec Shanghai for HK$14.64 million. The average share price of the transaction was HK$2.893 apiece……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Business24-7.ae: Mubadala’s plans to increase its stake in the recently launched home lender Abu Dhabi Finance (ADF) from 20 to 52 per cent should not be viewed as a bailout, Abu Dhabi government’s investment arm said.

“Absolutely not,” said Ali Eid Al Mehairi, Development Director at Mubadala and Chairman of ADF, when asked if the cash injection was a bailout for credit challenges the new entity was facing……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Reuters: China’s National Social Security Fund (NSSF) is ready for a new round of investment in global capital markets as it has appointed a new set of foreign asset managers, including BNY Mellon Asset Management and Schroders, sources said on Tuesday.

The $80 billion NSSF awarded mandates to a group of international fund managers, which also includes Martin Currie and Fidelity Investments, and started doling out money in April, said the sources with direct knowledge of the matter……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Nytimes.com: Porsche, which has been struggling to avoid a cash crunch, said Tuesday that it was talking with officials in Qatar’s sovereign wealth fund about an investment that could give new life to its plan to merge with Volkswagen.

Frank Gaube, a spokesman for the carmaker, confirmed the companies were negotiating but said he could not comment further because of a confidentiality agreement……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Hispanicbusiness.com: BlackRock may acquire Barclays Plc’s fund division in a cash and stock deal worth as much as $12 billion to $13 billion. BlackRock is also trying to raise $3 billion from sovereign wealth funds in Kuwait and Qatar.

Should BlackRock follow through and pay have the amount in stock and half in cash, it would give Barclays a 20% stake in the company……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Telegraph.co.uk: Martin Currie and Schroders are among a group of global fund managers picked by China to run some of its national pension fund’s $80bn asset base.

Employee-owned Scottish firm Martin Currie, the largest foreign money manager in China’s A share market where shares in Chinese incorporated companies are traded, will invest in Asia-Pacific stocks, excluding Japan. …….Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Maktoob.com: Qatar’s Energy City, a $2.6 billion property development aimed at attracting international energy companies, expects tenants to start moving in 2010. The Energy City is part of a new city that is being developed by Qatari Diar, the property wing of the country’s sovereign wealth fund, the Qatar Investment Authority.

Qatar, the world’s biggest exporter of liquefied natural gas, is spending billions of dollars on real estate projects as part of plans to curb reliance on oil and gas income, which contributes 60 percent of gross domestic product and 66 percent of state revenues……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Xinhua: Countries from the Eurasian Economic Community (EurAsEC) and Armenia on Tuesday approved a plan of joint measures, including the creation of a fund, to combat the ongoing global financial crisis.
The charter capital of the anti-crisis fund, which will be launched later this year, will be 10 billion U.S. dollars, Russian Prime Minister Vladimir Putin said. Russia will inject 7.5 billion dollars into the fund……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Business24-7.ae: The Swiss government is in talks over its investment in UBS with various parties. Vontobel analyst Teresa Nielsen said the Swiss government would be looking for big investors to take over its stake although she did not foresee interest from sovereign wealth funds, possibly forcing the state to gradually release shares onto the market.

The talks come as other global banks are starting to pay back state bailouts. UBS is also seen as keen to end state involvement soon but analysts expect the Swiss government will be cautious until it is sure the bank is back on stable ground……..Full Article: Source

Posted on 10 June 2009 by VRS |  Email |Print

From Bloomberg: Russia’s Reserve Fund, one of its two sovereign wealth funds, fell $5.8 billion in May to $101 billion as the government transferred money to reverse a widening budget shortfall. The National Wellbeing Fund rose to $89.9 billion from $86.3 billion in the same month. The Reserve Fund may be exhausted by the end of next year, Finance Minster Alexei Kudrin said.

Russia’s sovereign debt may more than double from the current level to 15 percent of gross domestic product, which will be short of a “critical level,” according to Trust. …….Full Article: Source

See more articles in the archive

September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930