Thu, Sep 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 18.Feb 2010

Posted on 18 February 2010 by VRS |  Email |Print

From Investorschronicle.co.uk: If there were Oscars for investment management dramas, the debate underway in Norway would be a contender. Why Norway? Because its $400bn sovereign wealth fund is the second biggest such fund in the world after Abu Dhabi’s.
It goes by the name “Government Pension Fund – Global”, although it doesn’t pay any pensions and doesn’t seem to be planning to do so. Instead it just absorbs the Norwegian government’s oil revenues. The fund is run by a dedicated division of the Norwegian central bank staffed by 250 heavyweight investment professionals spread around four offices on three continents…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Reuters: Singapore state investor Temasek Holdings has hired a former head of the Singapore Exchange as special advisor to Ho Ching, the sovereign fund’s chief executive.
Hsieh Fu Hua, who joined Temasek’s board on Feb. 1 as non-executive director, will help “support management in leadership development and talent management”, according to a company statement on Wednesday…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Asiaone.com: Temasek Holdings has appointed Mr Michael Lien and Mr Hsieh Fu Hua as non-executive directors of the Temasek Board from Jan 2 and Feb 1 respectively.

Mr Lien has been appointed a member of the Audit Committee and the Leadership Development & Compensation Committee (LDCC), while Mr Hsieh has been appointed to the LDCC as well as the Board Executive Committee…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Minesite.com: Over the last five or six years stock markets, and mining markets in particular, have managed to confound both bears and bulls in almost equal measure.
No sooner had analysts caught up to the idea that the Supercycle wasn’t just a promoter’s daydream but a hard economic reality, and updated all their financial models accordingly, when all of a sudden the global financial crisis smashed into everything and sent the whole world into a tailspin…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Reuters: Morgan Stanley may hand over to creditors its $2.4 billion investment in a chain of Japanese hotels when the debt becomes due in April. Singapore sovereign wealth fund GIC, is interested in taking over the hotels from Morgan Stanley and is currently in discussions with the other lenders

Morgan Stanley acquired the chain of 13 hotels from All Nippon Airways in 2007, in what was then the biggest hotel transaction in Asia. Since then, property prices worldwide have dropped sharply, hit by the global financial crisis…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ) has announced sales of assets it is transferred in accordance with production sharing agreements (PSAs).

The Fund reports that welding equipment, pipes of different purpose, electric cables, spare parts were set out for sales…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Reuters: Libya’s decision to stop issuing visas to citizens of most European states has alarmed the European Union. Libya’s $65 billion sovereign wealth fund is another, very big, reason that it has close business ties to Europe. Many of the investments made to date by the fund’s manager, the Libyan Investment Authority, have been in Italian stocks.

Here are details of some of the business links between Libya and European countries, and prospects for the future:………………………………….Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Tradearabia.com: Qatar Aviation Leasing, set up to purchase aircraft and lease them to Qatar Airways, has launched syndication of a $650 million loan via Deutsche Bank and Standard Chartered Bank. Bahrain’s sovereign wealth fund Mumtalakat has also invited banks to bid to arrange a new money $500 million club loan, bankers told.

The deal is the first Gulf loan to launch this year and the first since Dubai shocked world markets on November 25 when it requested a standstill on $26 billion worth of debt owed by state-owned conglomerate Dubai World…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Thestar.com.my: Khazanah Nasional Bhd has defended its RM150mil investment in China’s Oriental University City (OUC), saying the deal fulfils the investment firm’s strategic objectives and financial returns benchmarks.

To recap, some media reports criticised the deal, alluding to the fact that Khazanah had overpaid for the asset – buying 10% stake in the Chinese university from Singapore’s Raffles Education Corp, at a price/earnings multiple of 58 times and eight times book value…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From Propertywire.com: Chinese real estate investors are increasing looking to the commercial property market in London as they put money into UK companies and embark on new ventures. China Investment Corporation supported Songbird PLC, the main owner of Canary Wharf, in its equity raising to pay its GBP880 million loan from Citigroup.

‘An increasing number of Chinese investors and occupiers have firmly set their sights on the City and Chinese occupiers and investors are now starting to represent potentially the biggest opportunity for the City office market,’ said Deborah Hayward, senior research associate at property consultancy King Sturge…………………………………..Full Article: Source

Posted on 18 February 2010 by VRS |  Email |Print

From WSJ: Dubai World is on schedule to present formal debt-restructuring proposals to lenders by March or April, and won’t consider selling assets at distressed prices, according to people familiar with the situation.

While asset-shedding is likely to be part of any restructuring plan, “it won’t be a fire sale,” according to one government official…………………………………..Full Article: Source

See more articles in the archive

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