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Sovereign Wealth Funds Briefing 15.Jul 2009

Posted on 15 July 2009 by VRS |  Email |Print

From Proactiveinvestors.com: SWFs are returning to the market again and are making big investments. Some of these investments are in strategically important assets to their sponsors; that is their respective governments.
SWFs have made a wide range of investments covering a multitude of sectors such as banks, real estate, energy and technology. ……Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Arabianbusiness.com: Western investors have grown wary about investing in the once-booming Gulf, leaving markets there at risk of further short-term losses and increasingly reliant on the region’s own sovereign wealth funds.

Collapsing property markets and volatile oil prices have cooled some of the ardour which western investors had shown towards the Gulf in recent years…….Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Reuters: Norway’s sovereign wealth fund rose by 3.3 percent to a preliminary 2.384 trillion Norwegian crowns in June from the end of May, the central bank’s monthly balance sheet showed on Tuesday.
The value stood at 2.308 trillion at the end of May and at 2.273 trillion at the end of 2008…….Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Bloomberg: Porsche SE may hand over its Volkswagen AG options to Qatar for free to remove liabilities tied to the derivatives and clear the way for investments from VW and the Persian Gulf state, said three people familiar with the situation.

Qatar would then pay about 5 billion euros ($7 billion) to banks that sold Porsche the call options, said the people, who declined to be identified because the talks are private…….Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Time.com: At $1.95 trillion, China’s international reserves are more than enough to fund America’s entire budget deficit next year, which the U.S. Treasury estimates will reach $1.3 trillion because of the government’s massive stimulus spending.

As it is, China already owns $763.5 billion worth of U.S. Treasury bills, 24% of the total, and has become the Federal Government’s largest single creditor…….Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Ameinfo.com: KCIC unveiled during its annual general meeting for shareholders (AGM), that 2009 will be a year for KCIC to reenter it key markets and focuses on growth sectors in Asia. Kuwait Investment Authority, the Sovereign Wealth Fund of Kuwait has stake in KCIC.
Speaking to shareholders, KCIC’s Managing Director Ahmad Al-Hamad said ‘we continue to see exciting opportunities in Asia across multiple sectors and businesses. We believe that the Middle East and Asia are converging and that KCIC will be able to play an important role in this convergence’…….Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Tradearabia.com: Kuwait’s Al Themar International Holding Company has won central bank approval to buy 20 per cent in Islamic lender Boubyan Bank. Kuwait Investment Authority, the OPEC member’s sovereign wealth fund, has said it will offer its 20 percent stake in Boubyan in a public auction on July 22.

The three-month approval period started on July 12, the firm said in a statement on Kuwait’s bourse website…….Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Business24-7.ae: The central banks and sovereign wealth funds that had invested more heavily in global equities, such as Norway’s Government Pension Fund-Global, saw their investment losses exceed new capital in 2008.

The vehicles that had invested more conservatively in government bonds and other fixed-income securities, including those of Saudi Arabia and Russia, performed better…….Full Article: Source

Posted on 15 July 2009 by VRS |  Email |Print

From Bloomberg: China’s foreign-exchange reserves topped $2 trillion for the first time, highlighting the difficulty the government faces in finding places to invest the world’s largest holdings.

The reserves rose a record $178 billion in the second quarter to $2.132 trillion, the People’s Bank of China said today on its Web site. That compares with a $7.7 billion gain in the previous three months. ……Full Article: Source

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