Wed, Jul 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 26.Mar 2010

Posted on 26 March 2010 by VRS |  Email |Print

From Bloomberg: Mauritius is considering setting up a sovereign fund to help reduce currency fluctuations, Industry Minister Dharambeer Gokhool said.

The fund would be used to channel foreign exchange derived from donor funding, he told members of the country’s Chamber of Commerce and Industry at a meeting today in Port Louis………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Financial.de: Sovereign wealth funds to increase their investments in risky assets again. But the focus is shifting towards emerging markets, infrastructure as well as alternative energies. Sovereign wealth funds have developed into important market participants and manage more than USD 3.5 trillion worldwide.

Since 2002, they have multiplied their assets, even though they have been affected by the financial crisis. Sovereign wealth funds currently sit on high cash reserves, which will not help them in the long term, As a result, they will have to increase their investments in risky assets again. This is the conclusion of a study by Dr. Bernhard Eschweiler, Senior Economic Advisor of Silvia Quandt & Cie. AG………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Qfinance.com: The financial meltdown did not just devastate Western economies. It also took large bites out of the sovereign wealth funds and inflicted some harsh lessons on those charged with running these funds, many of whom have solid careers behind them as bureaucrats and bankers rather than as mainstream investment managers.

In a recent analysis of sovereign wealth funds post the crash, State Street anatomized the funds’ reactions and strategies. The report is the second on this theme by the company’s three authorities on SWFs, John Nugee, Andrew Rozanov, and George Hoguet………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From WSJ: China’s $300 billion sovereign wealth fund may finance China Mining United Fund’s plan to develop a potash project in Ethiopia that is also being eyed by mining giant BHP Billiton Ltd., a senior official familiar with the situation said Thursday.

China Investment Corp. is studying whether to take a stake in the potash project being jointly developed by China Mining United Fund and Canada’s Allana Potash Corp., or finance part of the project’s construction costs, the person familiar with the situation said………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Domain-b.com: In the absence of a domestic sovereign wealth fund backing, public sector oil explorer Oil and Natural Gas Corporation (ONGC), has once again lost the race to acquire energy assets to China’s large state owned enterprise, the latest in a string of losses to its cash rich neighbour.
ONGC Videsh, the overseas arm of ONGC has been outbid by CNOOC, China’s third-largest oil company in acquiring a 50-per cent interest in Uganda’s oil fields………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Alibaba.com: Singapore’s stake investor Temasek Holdings has bought a 1.18 percent stake in Chile’s LAN Airlines, a spokesman said in a statement on Thursday.

The statement gave no further details. Chilean President Sebastian Pinera sold a 3.3 percent stake in the airline in an auction on Thursday, a move that brings the billionaire closer to divesting his holdings in the nation’s flagship carrier………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Globalmoneymanagement.com: The mega Norwegian Government Pension Fund plans to hire managers for clean energy technology and real estate sometime this year. Norges Bank Investment Management (NBIM), the arm of the Oslo central bank that administers the fund, will search for external managers, said Yngve Slyngstad, ceo at NBIM.
The scheme’s NOK2.6 trillion (GBP291 billion) in assets make it the world’s second largest sovereign wealth fund………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Balkans.com: QatarDiar has acquired the rights to hotel complex Blue Horizon for 24 million euros. Qatari Diar is fully owned by the SWF Qatar Investment Authority and was founded tosupport Qatar’s rapidly expanding economy and to provide structure and qualitycontrol for the country’s real estate development priorities.
Qatari Diar isbuilding signature projects and facilitating vibrant, new communities on anunprecedented scale………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Gulf-times.com: An agreement has been signed between Qatari Diar and Tsogo Sun Holdings, one of South Africa’s top entertainment and hospitality groups, to acquire a 50% stake in the MAIA Luxury Resort and Spa in Mahé, Seychelles.

The agreement was signed at the Intercontinental Hotel Paris Le Grand on the sidelines of the “5th Finance and Investment in Qatar Forum”, in the presence of HE the Prime Minister Sheikh Hamad bin Jassim bin Jabor al-Thani………………………………Full Article: Source

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

Posted on 26 March 2010 by VRS |  Email |Print

From Independent: Dubai’s rulers yesterday bailed out Dubai World, the debt-ridden state-owned conglomerate which caused global investor panic last November when it asked for more time to repay $4bn (£3bn) worth of bonds.

The $9.5bn package was welcomed by the market as the Dubai bond prices surged. Traded debt in Nakheel, Dubai World’s property arm which initially sparked the panic, jumped by 45 per cent after investors were promised that lenders would be fully repaid………………………………Full Article: Source

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

See more articles in the archive

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031