Thu, Sep 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 04.Mar 2010

Posted on 04 March 2010 by VRS |  Email |Print

From Reuters: Sovereign wealth funds (SWF), currently a big source of capital for private equity and hedge fund managers, may increasingly become their competitors as they seek to manage assets for outside investors.
While external money currently accounts for just a small part of total assets of the wealth funds, state investors from Abu Dhabi and Singapore now view clinching mandates from pension funds and family offices as part of their business, putting them in direct competition with private sector managers…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Dow Jones: South Korea’s sovereign wealth fund Korea Investment Corp. said Thursday that it will invest $100 million in a private equity fund managed by International Finance Corp., or IFC.

The fund is the IFC African, Latin American and Caribbean Fund…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Dow Jones: China Investment Corp. will face more challenges this year due to uncertainties in the global economy, Jesse Wang, an executive vice president of the nation’s $300 billion sovereign wealth fund, said Thursday.

Wang said the fund’s returns on overseas investments in 2009 were good, but he didn’t give details……………………………………Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Reuters: CITIC Capital, the flagship investment arm of state-owned CITIC Group, will ramp up its foreign expansion plans after receiving a major investment from China’s sovereign fund, the firm’s CEO said.

“To us, CIC’s investment is like to add wings to a tiger,” Zhang Yicheng, chief executive of CITIC Capital, told Reuters on the sidelines of the opening of the Chinese People’s Political Consultative Conference (CPPCC) in Beijing…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Latimes.com: Made in China now has a fast-growing sibling: Bought by China. Beijing is using its accumulation of billions of American dollars to step up its investments around the globe. One goal of the increased investment in the U.S., led by the government’s vast sovereign wealth fund, is to buy assets while prices are depressed.

In the last year, Chinese acquisitions in the U.S. have ranged from a relatively obscure theater in Branson, Mo., to stakes in such famous brands as Coca-Cola and Johnson & Johnson…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From IPE: The Norwegian Ministry of Finance has confirmed the existing ethical guidelines used by the Government Pension Fund – Global are to be replaced with two new sets of guidelines on responsible investment, following a review last year.

The Ministry of Finance issued a consultation in June 2008 on evaluating the existing guidelines that had been in place since 2004, which included consideration of a number of issues such as the introduction of addition exclusion criteria…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Reuters: Norway has reversed its decision to exclude U.S. industrial group United Technologies Corp from its $450 billion wealth fund, saying the firm is no longer involved in nuclear weapons manufacturing.
The central bank-managed fund follows ethical guidelines set by the government and does not invest in companies that produce nuclear weapons or cluster munitions, damage the environment or abuse workers’ rights. It had excluded United Technologies since in January 2006…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Snl.com: Norway’s Ministry of Finance said March 1 that it adopted rules that will allow the country’s sovereign wealth fund, Government Pension Fund Global, to invest in real estate.

The guidelines, which came into force that day, dictate how fund manager Norges Bank, the Norwegian central bank, will undertake such investments…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From WSJ: Prudential PLC is in talks with Singapore state-investment company Temasek Holdings Pte. to possibly support a share offering the U.K. insurer is planning so it can finance its acquisition of American Insurance Group’s (AIG) Asian operations, two people familiar with the situation said Wednesday.

“Talks are at a very preliminary stage and nothing has been decided,” one person said…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From WSJ: The former Knickerbocker Hotel site near the heart of Times Square has become the latest Dubai World investment to go belly up, as well as the target of investors wanting to pick up the property at a discount price.

Istithmar World Capital, the private-equity arm of the Dubai government’s investment fund, recently handed back the keys to the 300,000-square-foot building at 42nd and Broadway to its lender, Danske Bank A/S, after defaulting on its $300 million mortgage…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Offshore-mag.com: Dolphin Energy has contracted engineering consultancy ESR Technology for safety and risk management services for the Dolphin Gas Project in the Middle East. Dolphin Energy is owned 51% by Mubadala Development Company on behalf of the Government of Abu Dhabi.

The project delivers 2 bcf/d of gas from Qatar’s offshore North Field via subsea/overland pipelines to the UAE and Oman. Gas is extracted via two wellhead platforms, then transported to treatment and compression plants in Ras Laffan, Qatar before heading southeast through a long-distance pipeline off the coast of the Arabian Peninsula…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From WSJ: Faced with massive infrastructure damage, investors are expecting President-elect Pinera, who takes office March 11, to look to the sovereign wealth fund. The government has some $11 billion in the offshore Economic and Social Stabilization Fund, which it can tap to pay for reconstruction.

Last year, it withdrew about $8 billion from the fund to finance a $4 billion fiscal stimulus package and to pay for the fiscal deficit it incurred as a result of increased spending and lower revenue…………………………………….Full Article: Source

Posted on 04 March 2010 by VRS |  Email |Print

From Joongang Daily: Korea’s foreign reserves dropped by the largest amount in 15 months due to the devaluation of European currencies amid global financial instability, according to the Bank of Korea.

The central bank also announced yesterday that Korea’s long-term foreign debt last year reached a new record high as government and financial institutions issued overseas bonds in order to secure financing…………………………………….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