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Sovereign Wealth Funds Briefing 11.Jun 2010

Posted on 11 June 2010 by VRS |  Email |Print

From Reuters: Singapore’s biggest sovereign wealth fund GIC GIC.UL is looking to kick off an initial public offering of its logistics business around the fourth quarter to raise at least S$1 billion ($707 million), sources close to the deal told Reuters.
It is set be the biggest IPO in Singapore since CapitaMalls Asia raised $2 billion late last year and will allow the world’s fourth-biggest sovereign fund to raise cash for further investments…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Channelnewsasia.com: The Government of Singapore Investment Corporation could be looking to list the logistics business of its real estate arm by as early as the fourth quarter of this year.
A Reuters report said the sovereign wealth fund is seeking to raise at least S$1 billion in the initial public offering…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Asiaone.com: Oil giant BP’s ongoing share price slide is knocking Singapore’s publicly-traded investments. The Government of Singapore Investment Corporation’s (GIC) shareholding in the company could have lost US$540 million (S$760 million) in value since May 1 as a result of the fallout from the Gulf of Mexico oil spillage.
This figure is based on Bloomberg data which shows that, as of May 1, GIC had 200.4 million shares in the British company worth around US$1.68 billion…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From China.org.cn: China Investment Corp (CIC), the nation’s sovereign wealth fund, revealed in a report filed to the US Securities and Exchange Commission (SEC) on June 1 that it held a total of 10.5 percent of shares in Canada’s Penn West Energy, the 21st Century Business Herald reported Thursday.
According to another report filed on March 19, the $300 billion fund owned 15.8 percent of the US-based energy company AES’s shares…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Asianinvestor.net: China Investment Corporation was the biggest buyer of Asian equities in 2009, buying a net $98 billion last year and now owning $211.8 billion worth, says US research firm Ipreo, which bases its data on public filings dated from the fourth quarter.
However, most of the biggest buyers of Asian equities in 2009 were American. Of the top 10 buyers, seven were from the US, led by Capital Research Global Investors ($2.2 billion net bought)…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Financialexpress.com: A day after Malvinder Singh promoted Fortis Healthcare announced its plans to raise funds, Singapore-based Parkway Holdings announced that the Malaysian sovereign wealth fund Khazanah has formally launched its open offer.
In accordance with its earlier announcement, Khazanah has offered to acquire 313 million shares of Parkway Holdings from the shareholders in order to up its stake to over 51% from the current 23%…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Todayonline.com: Malaysian sovereign wealth fund Khazanah Nasional, which is seeking to buy a controlling interest in Parkway Holdings through a partial offer, plans to retain the Singapore-based health care group’s present management to grow the listed company.
Khazanah, through its wholly-owned subsidiary Integrated Healthcare Holdings, is offering $3.78 a share to raise its present stake of just under 24 per cent in Parkway to 51.5 per cent and thus achieve its ambition of becoming a leading player in the health care industry in Asia…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Thestar.com.my: Khazanah Nasional Bhd said the rationale for its partial offer for shares in Singapore-listed Parkway Healthcare Ltd was driven by an intention to further enhance its presence in the healthcare industry in the region.
In an offer document issued by Khazanah yesterday, it said it was “seeking to acquire a controlling interest in the Parkway to strengthen Khazanah’s commitment to both Parkway and the healthcare industry…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Marketwatch.com: Agricultural Bank of China Ltd. will allocate 35% of its around US$20 billion initial public offering to cornerstone investors including SWFs, to reduce pressure on weak stock markets.
The report said the cornerstone investors for the Hong Kong portion of the offering include Temasek Holdings Pte. Ltd., Government of Singapore Investment Corp., Standard Chartered PLC , Rabobank, Daiwa Securities Group Inc. , Nomura Holdings Inc., Kuwait Investment Authority, Abu Dhabi Investment Authority, Qatar Investment Authority, and three Hong Kong tycoons–Li Ka-shing, Lee Shau-kee and Cheng Yu-tung…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Qatar-tribune.com: The Agricultural Bank of China is close to signing up cornerstone investors, including Temasek and Qatar’s sovereign fund— Qatar Investment Authority— for its roughly $20 billion Hong Kong and Shanghai initial public offering (IPO), sources involved with the deal said on Thursday, with the bank hoping to get a longer-than-normal oneyear lock-up.
Cornerstone investors for AgBank’s Hong Kong listed Hshare offering are expected to invest between $100 million and $1 billion each, sources said…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Bloomberg: Prince Alwaleed Bin Talal, Saudi billionaire who owns Kingdom Holding Co., discussed investment opportunities with Abu Dhabi’s Mubadala Development Co.
Prince Alwaleed met Mubadala’s Chief Executive Officer Khaldoon Al Mubarak and discussed potential business collaboration and the prince’s investments in the various industries, including real estate, hotels and media, according to an e-mailed statement from Kingdom Holding today…………………………………………Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Juneauempire.com: Alaska’s public investment managers have revealed their hedge fund investments for the first time, following through on a pledge they made a year ago. The state’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 11 June 2010 by VRS |  Email |Print

From People.com.cn: Indian Transport Minister Kamal Nath said he met with Temasek Holdings Pte to discuss the “idea” of setting up a fund to invest in roads, ports and airports as the country seeks to improve infrastructure.
The minister said he met with the Singapore state-owned investment company on Wednesday, when asked about a Wall Street Journal report on Tuesday that India is in talks about creating a $2 billion fund. Jeffrey Fang, a spokesman for Temasek, declined to comment………………………………………..Full Article: Source

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Posted on 11 June 2010 by VRS |  Email |Print

From Itar-Tass: The deficit of Russia’s budget over 2009 was 2.3 trillion roubles, which is by 809.1 billion roubles or 25.8 percent less than it had been expected. The Reserve Fund made up 1.8 trillion roubles, the National Welfare Fund – almost 2.8 trillion roubles, Prime-Tass reports.
The revenues of the federal budget over 2009 made up 7.3 trillion roubles, or by 623.9 billion roubles /9.3 percent/ more than it had been forecast…………………………………………Full Article: Source

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