Sat, Aug 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 12.Jan 2010

Posted on 12 January 2010 by VRS |  Email |Print

From Arabfinance.com: Abu Dhabi Investment Authority (Adia), considered the world’s largest sovereign wealth fund, still sees big risks to the global economy and plans to refine its investment approach to cope with downturns.

In an interview published in German business daily Handelsblatt on Monday, Sheikh Ahmed bin Zayed al Nahayan, Adia’s managing director, also said U.S. treasuries were still the most liquid benchmark, and will remain an important diversification tool……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Bloomberg: Abu Dhabi Investment Authority, one of the worlds’ largest sovereign wealth funds, raised investments in emerging markets where it sees greater growth opportunities, the fund’s managing director told Handelsblatt.

“Emerging market economies are likely to outperform those of developed economies over the medium-to-long term,” Sheikh Ahmed Bin Zayed Al-Nahyan said in an interview with German newspaper Handelsblatt. “This has been reflected in our asset allocation.”…………………………………..Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Business24-7.ae: Abu Dhabi Investment Authority (Adia), considered the world’s largest sovereign wealth fund, said the bulk of its holdings are in the US and Europe and it sees “significant, long-term investment potential” in both regions despite the global downturn.

Adia Managing Director Sheikh Ahmed bin Zayed Al Nahyan said: “Many substantial risks remain as the global economy struggles to recover. Among the threats are policies that could restrict cross-border investments by big overseas investors such as Adia.”…………………………………..Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Khaleejtimes.com: Shaikh Ahmed bin Zayed Al Nehayan, Managing Director of the Abu Dhabi Investment Authority, or ADIA, says the world economy is still in a fragile state, and we must not jeopardise its recovery and future economic growth by building barriers to investment.

In an interview published in Germany’s business daily Handelsblatt on Monday, Shaikh Ahmed said immediate action taken by governments and regulators helped in protecting the global financial system……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Thenational.ae: After cutting its exposure to stocks in anticipation of the crisis in 2008, the Abu Dhabi Investment Authority (ADIA) piled back into equity markets in 2009 to benefit from last year’s dramatic rally in global markets, ADIA’s managing director said in an interview published today.

“Together, these actions allowed us to beat our own performance expectations and to compare favourably with the published results of other investment institutions,” said Sheikh Ahmed bin Zayed, managing director of ADIA, in an interview published today in the German newspaper Handelsblatt……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Themalaysianinsider.com: The Government of Singapore Investment Corporation (GIC) has suffered losses investing in a prime New York property project after the American owners defaulted on a debt payment last Friday.

The exact size of the hit has not been disclosed but GIC is said to have invested a total of US$675 million (RM2.25 billion) in Manhattan’s Stuyvesant Town and Peter Cooper Village……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Businessweek.com: Government of Singapore Investment Corp., manager of more than $100 billion of the city-state’s foreign reserves, reported losses from its investment in Manhattan’s largest residential enclave.

Tishman Speyer Properties LP and BlackRock Inc. said on Jan. 8 they missed a bond payment tied to their $5.4 billion purchase of the 80-acre property, which includes Stuyvesant Town and Peter Cooper Village apartments……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Forexyard.com: Russia’s Reserve Fund declined by 2.2 trillion roubles ($74.98 billion) in 2009, as the government ploughed cash into the budget to help the country out of its first recession in a decade and compensate falling tax revenues.

The Reserve Fund, amassed during years of oil-fuelled economic boom and destined to cushion the economy in harder times, stood at 1.83 trillion roubles as of Jan. 1, 2010, down from 4.03 trillion roubles a year earlier, data from the Finance Ministry showed on Monday……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Reuters: The U.S. dollar has hit bottom while the yen will continue to decline, Peng Junming, an official at China’s $300 billion sovereign wealth fund, said on Tuesday.

Both the United States and China would likely raise interest rates in the second half of the year, said Peng, who resides in the China Investment Corp’s asset allocation department, in a speech……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Imarketnews.com: The U.S. dollar was broadly firmer Tuesday morning in Asia, getting a lift from comments by an official with China’s sovereign wealth fund, who said the dollar appeared to have hit bottom.

Peng Junming, an official within the sovereign wealth fund’s asset allocation department and former employee of the State Administration of Foreign Exchange (SAFE), made the comments during a seminar at the Chinese Academy of Social Sciences today……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Alibaba.com: The Chinese government will probably give the country’s sovereign wealth fund more money to manage, but the size of the capital injection is unclear, Peng Junming, an official in the fund’s asset allocation department, said on Tuesday.

There have been local media reports that the $300 billion China Investment Corp might be in line to receive as much as an additional $200 billion from the country’s massive pot of foreign exchange reserves……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Ameinfo.com: Backed by the support of the Kuwait Investment Authority, a Kuwaiti entrepreneur is gearing up to launch the country’s first ‘women only’ taxi service, KUNA has reported. The ‘Eve Taxi’ follows the example of a number of countries such as the UAE, Lebanon, Syria, Iran and Bangladesh.
The GPS-equipped pink fleet will operate from 8 am to 8 pm, and will be available upon phone request, with the phone numbers to be announced soon……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Reuters: Dubai World is expected to soon make a formal standstill request to creditors for $22 billion in debt while it devises a restructuring plan.
Dubai sent shock waves through global markets on Nov. 25 when it said it would request a standstill on billions of dollars in debt linked to Dubai World and its property units Limitless World and Nakheel, developer of palm-shaped islands……………………………………Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Gazeta.kz: The group of companies Samruk-Kazyna in I quarter of 2010 will make purchases from domestic commodity producers for the sum of 175 billion KZT. The trustee of the National Welfare Fund Samruk-Kazyna, Kayrat Aytekenov, informed during the selector government meeting, Kazakhstan Today agency reports.

“The purchase plans of the national companies have been confirmed and placed on the corresponding sites. 98 % of purchases accounts for nine national companies. 537.8 billion KZT is planned for the first quarter… 175 billion KZT - from domestic commodity producers and suppliers.”…………………………………..Full Article: Source

Posted on 12 January 2010 by VRS |  Email |Print

From Smh.com.au: Macquarie has teamed with the Canadian Pension Plan Investment Board and the Abu Dhabi Investment Authority, a sovereign wealth fund, for a potential £4 billion ($A6.9 billion) bid to acquire a huge British power-distribution network.
The network, which comprises the British power assets of the French utility EDF, distributes electricity to millions of homes in the south of England. EDF is pursuing the sale to reduce debt……………………………………Full Article: Source

See more articles in the archive

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031