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Sovereign Wealth Funds Briefing 02.Aug 2010

Posted on 02 August 2010 by VRS |  Email |Print

From Reuters: The Abu Dhabi Investment Authority (ADIA) has agreed to join Morgan Stanley and private equity group 3i in a bid for the high-speed railway linking London with the Channel Tunnel, Abu Dhabi’s National newspaper said.
State-owned ADIA, considered the world’s largest sovereign wealth fund, is in the “very early stages” regarding its involvement in the bid, the paper said, citing a source close to the sale process……………………………………….Full Article: Source

Posted on 02 August 2010 by VRS |  Email |Print

From WSJ: The search for a new boss to run Singapore’s Temasek Holdings Pte. Ltd., one of the world’s most influential sovereign-wealth funds, will soon get under way. Within this small city-state, just who will take charge of its US$135 billion portfolio, an insider or an outsider, has become a deeply controversial question.
Many institutions in the middle of a leadership change struggle with the same question, but it is especially sensitive with a state-owned investment fund controlling so much national wealth, where a limited local talent pool means outsiders are often foreigners—and when a past effort to recruit abroad ended badly……………………………………….Full Article: Source

Posted on 02 August 2010 by VRS |  Email |Print

From Asianinvestor.net: The China Investment Corporation (CIC) deployed $58 billion of capital in 2009, following an initial $21 billion in 2008, according to its 2009 annual report. The return on its global portfolio last year was 11.7%, after suffering a -2.1% loss in 2008.
The report was released on Friday and marks a step towards transparency for the young, but very large, sovereign wealth fund. In return for opening up, CIC wants foreign governments to allow it access to their capital markets……………………………………….Full Article: Source

Posted on 02 August 2010 by VRS |  Email |Print

From Dailytimes.com.pk: China Investment Corp (CIC) faces a challenging environment in 2010 but its long-term prospects remain rosy, the $300 billion sovereign wealth fund said in its annual report published last Thursday.
After global markets rebounded in 2009, sovereign wealth funds, which manage an estimated $3 trillion in total, are slowly emerging from the credit crisis……………………………………….Full Article: Source

Posted on 02 August 2010 by VRS |  Email |Print

From WSJ: The big price tag was partly a result of fierce competition from another consortium comprising sovereign-wealth fund Abu Dhabi Investment Authority, Macquarie and Canada Pension Plan, people familiar with the matter said.
The appetite for these relatively safe assets shows some of the world’s biggest infrastructure investors are keen to start putting cash piles to work again and, just as importantly, can raise the necessary debt to boost potential returns……………………………………….Full Article: Source

Posted on 02 August 2010 by VRS |  Email |Print

From Bloomberg: France’s FSI sovereign-wealth fund is in talks with Belgian billionaire Albert Frere’s Cie. Nationale a Portefeuille SA over a joint investment in the shipping company, said an FSI spokesman who declined to be named, citing company policy.
Nationale a Portefeuille didn’t return calls and messages left for Managing Director Gilles Samyn……………………………………….Full Article: Source

Posted on 02 August 2010 by VRS |  Email |Print

From Reuters: It is commonly known that the mighty sovereign wealth funds industry suffered unrealised losses to the tune of $80 billion after its investments into failed Western financial institutions imploded at the height of the financial crisis.
Peter Cohan and Srinivasa Rangan, in their new book Capital Rising, paint a surprisingly dire picture of the $3 trillion industry, saying that SWFs were lacking in sufficient due diligence……………………………………….Full Article: Source

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