Mon, Jul 28, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 02.Jun 2010

Posted on 02 June 2010 by VRS |  Email |Print

From Forbes: Generally speaking sovereign wealth funds are special-purpose vehicles that invest surplus government assets in private financial markets. Typically they have a mandate to resolve some domestic macroeconomic problem or insure against future crises.
Reserve investment corporations, commodity funds and pension reserve funds, among others, are examples of SWFs emerging around the world to manage domestic problems in relation to the global economy……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Gulfnews.com: Oil prices may have taken a hit over the past week and Spain’s debt problems continue to fester, but don’t expect these events to put Sovereign Wealth Funds off their game. They have the deep pockets to take it in their stride, despite a slight dip in investments recently.
“We will indeed see a slowdown in SWF investments over the next couple of months as we run up to Ramadan,” said Jesdev Saggar, regional director of capital projects advisory, Deloitte Corporate Finance Limited………………………………………Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Seekingalpha.com: Not surprisingly, sovereign wealth funds scaled back their investments in the financial services industry in 2009, according to the latest annual report from Monitor Group and Fondazione Eni Enrico Mattei.
“While the number and value of SWF transactions for the first two quarters of 2009 was the lowest for more than half a decade, by Q3, SWFs had realigned investment strategies with long-term goals, rethinking their approach to risk,” said William Miracky, a senior partner at Monitor Group……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Reuters: Russia left its oil wealth Reserve Fund untouched in May, data showed on Tuesday, suggesting that the budget deficit was financed instead by cash from the sovereign’s first Eurobond issue in over a decade.
The Reserve Fund stood at 1.20 trillion roubles on June 1, broadly unchanged from a month earlier, the Finance Ministry said in a statement. The dollar value eased to $39 billion from $41 billion, based on the average exchange rate for the month……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Business24-7.ae: Ghana’s plan at the moment is to split its oil revenues between the national current account, a stabilisation fund and a sovereign wealth fund.
The SWF will invest in overseas assets to provide an income once the oil runs out, the stabilisation fund will smooth out dips and peaks in the oil price and the immediate spending money will help cut the country’s budget deficit……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From WSJ: Government of Singapore Investment Corp. is among a handful of cash-rich buyers seeking to buy Grosvenor House Hotel, a London landmark, from Royal Bank of Scotland Group PLC, people familiar with the matter said.
The hotel was expected to fetch a record price for a European hotel and flag the return of trophy asset sales to overseas buyers. The Grosvenor House Hotel carries a price tag of about £500 million ($727.1 million)……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Ameinfo.com: Bahrain Mumtalakat Holding Company (Mumtalakat), the investment company for the Kingdom of Bahrain, today launched its new brand and corporate identity.
Mumtalakat’s new brand and logo has been designed following extensive market and design research to create a brand which reflects Mumtalakat’s six core values: Integrity, Transparency, Teamwork, Accountability, Shareholder Value and Corporate Responsibility……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Thenational.ae: The Bahraini sovereign wealth fund that owns a stake in the car maker McLaren expects to return to profit this year, even as state funds face tighter regulation after the global financial crisis.
Bahrain Mumtalakat Holding, the GCC state’s US$10 billion (Dh36.7bn) fund, suffered losses connected to its stake in the national carrier Gulf Air and a reduction in aluminium prices, affecting its investment in the metal maker Aluminium Bahrain (Alba) last year, said Talal al Zain, the chief executive of Mumtalakat……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Arabtimesonline.com: Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, may sell its 24.6 percent stake in telecoms firm Zain, according to a newspaper report on Monday.
But the fund denied it sought help to evaluaute the fair price of Zain shares, and said it would be “transparent” about any possible intention to sell……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Rediff.com: Kuwait Investment Authority has hired advisors to evaluate the value of its share in Mobile Telecommunications company Zain Group, ahead of a possible sale of its 24.6 per cent stake, a newspaper report has said.
Without revealing the source of the information, Kuwait- based Al Qabas daily said if KIA, Kuwait’s sovereign wealth fund, opts for the stake sale this will be in the form of a public auction……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Zawya Dow Jones: Kuwait Investment AuthorityKuwait Investment Authority, or KIA, said it didn’t hire anybody to evaluate the fair value of the share of Mobile Telecommunications Co., or Zain Group, as a prelude to sell its stake in the company to a strategic investor, Kuwait-based Al Qabas daily reports Tuesday.
If KIA intends to divest from Zain it will do so by fully abiding by the rules of complete transparency similar to what happened with other companies, the sovereign wealth fund said according to the paper……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Emii.com: The Alaska Permanent Fund has approved a $600 million commitment to private equity investments for fiscal year 2011. The Board of Trustees has also permitted the use of the remaining $250 from the fiscal year 2010 commitment in the coming year.
The board has approved new board charters, a governance policy and an updated investment policy. The updated investment policy delegates the board’s authority to sanction the appointment and termination of managers to staff……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From IPE: GIC’s European head of real estate today denied reports that Singapore’s largest sovereign wealth fund (SWF) plans to list its real estate portfolio. However, he did not deny that the fund could list a portion of it.
“We’re categorically not listing our entire portfolio,” Chris Morrish told IPE Real Estate, “but we look at things all the time.”………………………………………Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

Penn West Energy Trust has announced the closing of the previously announced joint venture partnership with an affiliate of China Investment Corporation. The Partnership has been formed to develop Penn West’s bitumen assets located in the Peace River area of northern Alberta.
Penn West contributed the Assets valued at approximately $1.8 billion to the Partnership and has retained a 55% interest in the Partnership.
CIC has acquired a 45% interest in the Partnership by investing approximately $312 million in the Partnership (which has been paid to Penn West by the Partnership to satisfy outstanding indebtedness to Penn West) and committing to carry a portion of Penn West’s share of the Partnership’s future capital and operating expenses totalling approximately an additional $505 million……………………………………….Full Press Release: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Bloomberg: Khazanah Nasional Bhd., Malaysia’s state investment company, may sell as much as S$500 million ($354 million) of Islamic bonds, or sukuk, to take over Parkway Holdings Ltd., according to two people familiar with the matter.
CIMB Investment Bank Bhd. is among banks that may arrange the sale as soon as this month, said one of the people, who asked not to be identified because the discussions are private……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Thestar.com.my: The on-going saga at Singapore-listed Parkway Holdings Ltd has all the makings of one of the more interesting corporate stories of the year. The characters involved include the sovereign wealth funds of Malaysia and Singapore at opposing sides of the battle.
It also reveals an insight into the secretive deal-making nature of international private equity players and the emergence of two young and ambitious Indian nationals who are using their inheritance to make a mark on the burgeoning global healthcare business……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Bloomberg: Gloucester Coal Ltd., the Australian company controlled by Noble Group Ltd., is in talks with its parent to buy some of the commodity supplier’s coal assets in the country. Noble is the Hong Kong-based commodities supplier backed by China’s sovereign wealth fund.
“These discussions are continuing and there can be no certainty that any agreement will be reached,” Sydney-based Gloucester said today in a statement to the Australian stock exchange, without specifying the assets. Any agreement would require the approval of shareholders other than Noble, which holds an 88 percent stake, Gloucester said……………………………………….Full Article: Source

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

Posted on 02 June 2010 by VRS |  Email |Print

From Businessweek.com: Noble Group Ltd., the Hong Kong-based commodities supplier backed by China’s sovereign wealth fund, is in talks with banks to refinance and increase an $800 million loan due to mature in 2011, a banker with direct knowledge of the transaction said.
The facility may be increased to about $1.2 billion and put out for general syndication later this month, the person said, asking not to be identified as discussions are private. Noble Group spokesman Brad Smolar didn’t immediately respond to telephone and e-mail messages seeking comment……………………………………….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