Wed, Sep 17, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 12.Feb 2010

Posted on 12 February 2010 by VRS |  Email |Print

From Abcnews: Singapore sovereign wealth fund GIC will convert 11 billion Swiss francs ($10.33 billion) worth of UBS notes into shares next month at a price that may erode the value of its stake in the Swiss bank by 70 percent.

The Government of Singapore Investment Corp (GIC), which manages over $200 billion in assets, was one of the first sovereign funds to pump billions into Western banks, which were rocked by the financial crisis and suffered deep losses………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Todayonline.com: The Government of Singapore Investment Corp (GIC) may be sitting on as much as $7.7 billion in unrealised losses from its investment in troubled Swiss bank UBS, based on calculations derived from its latest regulatory filing.

The GIC will convert 11 billion Swiss francs ($14.6 billion) worth of its UBS notes into 230.7 million ordinary shares of the bank on March 5, according to a regulatory filing in the United States on Wednesday………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Asiaone.com: How far should the Government extend its long arm into the private sector? The Economic Strategies Committee last week proposed that the Government, aided by private sector fund managers, invest up to $1.5 billion in Singapore-based enterprises to help them grow and even take a stake in them.
The idea raised few eyebrows here but would have caused renowned political economist Huang Yasheng to do a double-take………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Vccircle.com: Temasek Holdings’ Seatown Holdings is expected to have some $3 billion in investment capital. The new firm—whose name is English for “Temasek”—will specialize in emerging markets funds and assets classes in which Temasek has not invested in the past.
But Asian Investor reports that Seatown could be a massive hedge fund platform, the first ever set up within a sovereign fund………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Mineweb.com: A confluence of technical factors suggest gold price support between $1,019/oz and $1,025/oz as outlook remains bearish, but CIC’s purchase of SPDR Gold Trust shares may represent the start of a more long term strategy.
This has led it to make its first investments in commodity-related exchange-traded funds and in the SPDR Gold Trust, the largest gold ETF………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Ktva.com: According to KTVA-TV, Rep. Carl Gatto has floated a substitute bill that would allow Alaska’s Permanent Fund to use a list of so-called “clean companies” who do business in Iran to avoid inadvertently funding terrorism.
Gatto says that Alaska could be pumping as much as $450 million into the country through investment, and he’d like to see that number reduced. Some lawmakers wonder if the measure can really do much good because some companies, such as Shell, do business in Iran as well as Alaska………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Hindustantimes.com: India is realising countries such as China have made a headstart in the sweepstakes to control the world’s scarce natural resources market. China is using its $200 billion sovereign wealth fund to acquire raw materials abroad. “This (China’s resource drive) is not only to meet its domestic requirement but for controlling the natural resources of the world in the long term,” the official said.
The Indian government is putting together a comprehensive policy framework that includes setting up of a dedicated fund and specialised cell to help state-owned companies acquire these strategic resources………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Financialstandard.com.au: The $430 billion Norwegian Government Pension fund has selected European responsible investment house, GES Investment Services, to screen its fixed income and equities portfolios for tobacco and weapons criteria.
The research mandate means GES will screen the fund’s portfolios for companies that may be involved in the production of weapons and, separately, the sale of weapons and military material to the government of Burma………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Punchng.com: Indications emerged on Thursday that the Acting President, Dr. Goodluck Jonathan, might have approved the disbursement of $2bn from the Excess Crude Account for distribution among the three tiers of government.

Our correspondent gathered that a letter to that effect was sent to the Minister of State for Finance, Mr. Remi Babalola, on Tuesday as part of measures to stimulate the economy, following a meeting with governors of the oil producing states………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 12 February 2010 by VRS |  Email |Print

From Theedgemalaysia.com: Khazanah Nasional Bhd’s investment of 300 million yuan (RM150 million) in Oriental University City Ltd (OUC) in Hebei province, China, has raised more questions than confidence, said DAP national publicity secretary Tony Pua.

In a statement today, Pua, who is also the member of parliament for Petaling Jaya Utara, questioned Khazanah’s investment role, strategy and philosophy following the government investment arm’s recent acquisition of a 10% stake in OUC………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

See more articles in the archive

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