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Sovereign Wealth Funds Briefing 08.Jun 2010

Posted on 08 June 2010 by VRS |  Email |Print

From Business24-7.ae: Global sovereign wealth funds (SWFs) more than doubled their direct investments in the second half of 2009 as they were apparently buoyed by post-crisis recovery and strong oil prices.
Figures by the US-based SWF Institute showed the Abu Dhabi Investment Authority (Adia) and SWFs in the Middle East and other countries pumped $67.8 billion (Dh249bn) in direct investment into international markets in the second half of 2009…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From WSJ: Government of Singapore Investment Corp.’s real-estate unit, GIC Real Estate, is looking to raise a minimum US$1 billion from an initial public offering in Singapore of some of its overseas assets this year, a person familiar with the situation said.
“They are targeting at least US$1 billion, and it could be more. But it will depend on the market conditions at the time. If it happens, it will be later this year,” the person said…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Financialexpress.com: The government wants a change in the India-Singapore Comprehensive Economic Cooperation Agreement (Ceca), to explicitly bar the city state’s investment companies Temasek and GIC from having a combined equity stake of more than 10% in any Indian listed company.
According to portfolio investment regulations stipulated by market regulator Sebi, a foreign institutional investor (FII) cannot hold more than 10% in any single Indian company. Different FIIs with a common owner are classified as an “FII group’’ and are also subject to the 10% cap…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Bloomberg: Brazil asked South Korea’s sovereign wealth fund to boost investment in real-denominated bonds to strengthen financial ties between the countries.
Brazilian Finance Minister Guido Mantega also asked his Korean counterpart, Yoon Jeung Hyun, to share its experience of managing the fund, South Korea’s Ministry of Strategy and Finance said today in an e-mailed statement…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Arabtimesonline.com: Kuwait’s sovereign fund is interested in investing in the initial public offering of Agricultural Bank of China, according to sources. It said it could invest up to $1 billion in what is believed to be the world’s largest IPO.
A Chinese newspaper reported on May 31 that several Middle Eastern sovereign wealth funds, including the KIA, were holding talks with the bank about investing in it…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Reuters: Daimler would welcome having Chinese investors as shareholders and will itself remain a major owner of aerospace giant EADS. The state-owned Kuwait Investment Authority holds 6.9 percent stake in Daimler.
Bodo Uebber told Boersen-Zeitung on Saturday that Daimler was well positioned in China given its joint ventures there for vans, trucks and passenger cars…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Tradearabia.com: Bahrain Mumtalakat Holding Company, the investment company of Bahrain, has launched mentoring programme with the University of Bahrain, in which it will provide undergraduate students with work experience.
Mumtalakat along with three of its portfolio companies, Gulf Air, Batelco and Alba, selected 10 students amongst a group of 25 Bahraini students who have achieved a GPA of 3.0 and above…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Juneauempire.com: Alaska’s Permanent Fund and its public pension funds have made partial details public of the almost $3 billion invested in hedge funds.
Those are the sometimes secretive investments available only to sophisticated investors like the $35 billion Permanent Fund and the $17 billion Public Employee Retirement and Teacher Retirement Systems. They are managed by the Alaska Retirement Management Board…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Ce.cn: Several Middle Eastern sovereign wealth funds are holding talks with the Agricultural Bank of China about investing in its initial public offering (IPO) in Shanghai and Hong Kong this year, the China Business News reported yesterday.
The Kuwait Investment Authority intends to invest about US$1 billion to become a cornerstone investor in the Chinese bank’s US$30 billion IPO, which would be the world’s largest, the newspaper reported, quoting a source at one of the underwriters…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Alibaba.com: Hong Kong’s official foreign currency reserve assets stood at $256.2 billion at the end of May, the Hong Kong Monetary Authority said on Monday, down 1.16 percent from $259.2 billion at the end of April.
Hong Kong, whose currency is linked to the U.S. dollar, ranks as the world’s seventh-largest holder of foreign currency reserves after mainland China, Japan, Russia, Taiwan, India and South Korea…………………………………………Full Article: Source

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Posted on 08 June 2010 by VRS |  Email |Print

From Ibtimes.com: South African Reserve Bank on Monday said the country’s gross foreign currency reserves fell 1.8 percent to $41.6 billion in May after it had risen 0.8 percent in April, as also its gold reserves fell for the first time in three months due to a stronger dollar.
The country’s net reserves fell to $37.9 billion from $38.5 billion…………………………………………Full Article: Source

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