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Sovereign Wealth Funds Briefing 11.Mar 2010

Posted on 11 March 2010 by VRS |  Email |Print

From Business24-7.ae: Sovereign Wealth Funds from the UAE have emerged as leading investors in the mergers and acquisitionlandscape. According to Bureau van Dijk Middle East (BvDME), GCC-based corporates and institutions have made acquisitions worth $37.9 billion since the beginning of 2009, of which UAE firms alone have been involved with deals worth more than $28bn, or 73.9 per cent of the M&As.

According to BvDME data, two of Abu Dhabi’s investment units – Aabar Investments and International Petroleum Investment Company – have, along with their partners, been involved in acquisition deals worth almost $20bn, or more than 50 per cent of the total acquisitions made by GCC entities………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Bloomberg: Sovereign wealth funds’ total combined assets have climbed 9 percent from a year ago to $3.51 trillion, Preqin Ltd. said.

Asia controls about 40 percent of the global sovereign wealth fund assets, the London-based research firm said in a statement yesterday. Those in the Middle East and North Africa region command a 35 percent share and Europe 19 percent………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Reuters: Around one in two sovereign wealth funds invest in private equity, real estate and infrastructure assets to seek a diversified source of returns, a report showed on Wednesday.

The report from Preqin, alternative assets research firm, also showed that assets managed by the world’s sovereign wealth funds rose 9 percent to $3.51 trillion and more than a quarter of total SWF assets are held by funds in Abu Dhabi, Norway and China………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Marketwatch.com: The strong rebound in global markets in the past year helped sovereign-wealth funds recoup some of the losses they suffered during the financial crisis, according to a study released Wednesday.

Sovereign-wealth funds oversee $3.51 trillion in assets, up 9% from a year earlier, Preqin, a firm that tracks the alternative investments industry, estimated in the report………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Theglobeandmail.com: Nothing gets in the way of growth of sovereign wealth funds, not even deficits in sponsor countries. Assets in sovereign wealth funds rose by 9 per cent last year to $3.51-trillion, even overcoming withdrawals by some governments like Russia to plug big budget holes.

Numbers from consultant Preqin show that one of the largest increases in total assets came at Norway’s Government Pension Fund – Global. It posted returns in 2009 of over 25 per cent and now has well over $400-billion in assets under management, Preqin said………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Dow Jones: Chile’s two sovereign funds averaged a return of 6.9% since their creation in 2006 to the end of 2009, the Finance Ministry said.The Ministry said the Economic and Social Stabilization Fund and the Pension Reserve Fund generated $ 2.8 billion in additional resources.

The funds reached a grand total of $14.71 billion at the end of 2009 after the government drew down $8 billion over the course of the year to finance a $4 billion fiscal stimulus package to boost the receding economy and to pay for a fiscal deficit in light of falling government revenue………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From People.com.cn: Goodman Group, the world’s third largest logistics facilities operator, said it expects to increase its investments in China 500 percent within five years, backed by further support from cornerstone investor China Investment Corp (CIC).

CIC invested A$500 million (3.13 billion yuan) in Goodman Group in August last year for options that could see China’s sovereign wealth fund becoming the largest single shareholder of the biggest listed industrial property conglomerate in Australia with an 18.2 percent stake………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Reuters: Thai telecoms group Shin Corp said its major shareholder, Singapore’s Temasek Holdings, had no plans to sell its stakes in the Thai firm or in satellite unit Thaicom.

A court ruling on Feb. 26 that former Thai premier Thaksin Shinawatra had concealed ownership of shares in Shin Corp and tailored government policies to benefit Shin has fuelled speculation Temasek might divest some or all of its Shin stake………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Reuters: Libya’s sovereign investment fund will not halt business activities in Italy because of a visa spat with Switzerland that has escalated into a Europe-wide row, its ambassador to Rome said on Wednesday.

Hafed Gaddur told reporters the row with Switzerland “doesn’t change anything”………………………………………Full Article: Source

Posted on 11 March 2010 by VRS |  Email |Print

From Nytimes.com: The German proposal to establish a European monetary fund ran into skepticism at home and abroad Tuesday, highlighting the political and legal hurdles that such an undertaking would face.
In her first public reaction, the French economy minister, Christine Lagarde, described the idea as interesting, but not urgent. “It does not appear to me to be the absolute priority in the short term,” Ms. Lagarde said on the sidelines of a banking event here………………………………………Full Article: Source

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