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Sovereign Wealth Funds Briefing 10.Aug 2010

Posted on 10 August 2010 by VRS |  Email |Print

From Radioaustralia.net.au: Papua New Guinea’s National Research Institute says the country should have two separate funds established under its Sovereign Wealth Fund to manage revenues from its mining projects.
A report compiled by NRI’s senior research fellow Peter Johnson says two separate structures are needed to achieve a balance between the economic, political and development tradeoffs……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Reuters: Nomura Holdings said on Tuesday it has appointed Henrik Melph as its managing director and global head of its sales division for central banks and sovereign wealth funds. Melph, who will be based in Singapore, joined Nomura from Royal Bank of Scotland, where he held the same position.
‘Central banks and sovereign wealth funds have become increasingly important players in the global financial markets and Henrik brings to Nomura vast experience and an impressive track record in servicing their diverse needs,’ said Nomura’s Global Head of Rates Sales Chris Fleming……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Tradearabia.com: Bahrain’s sovereign wealth fund Mumtalakat said on Monday it plans to sell a 12.5 per cent stake in Bahrain Family Leisure for at least BD625,000 ($1.66 million).
Bahrain Family Leisure is a Manama-based public shareholding company that operates in the entertainment industry……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From China Knowledge: Dubai World has decided to withdraw investment from “Palm Island” property project in Qingdao, Shandong Province, said Wang Jianping, deputy director of the Qingdao Municipal Development and Reform Commission.
In earlier this year, rumors said that Dubai World may probably cancel its first China-located property plan, Wang confirmed the news on Aug. 4……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Marketwatch.com: For more than two years, quarterly dividends from Morgan Stanley rolled into a China Investment Corp. account at the healthy rate of 9% per year.
It’s been a pleasant, predictable payoff to reward the Chinese sovereign wealth fund’s purchase of a $5.6 billion stake in Morgan Stanley in December 2007, just a few months after CIC was formed……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Nytimes.com: A convertible equity stake in Morgan Stanley that was acquired by China Investment Corp. is now proving costly for the sovereign wealth fund.
Caixin Online reported that for over two years, quarterly dividends from Morgan Stanley brought in a healthy rate of 9 percent per year……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Thestandard.com.hk: Chinese-American businessman Kenny Huang’s attempt to buy Liverpool Football Club has set off a huge controversy. The British media are speculating that the move is backed by the mainland overseas investment arm, China Investment Corporation, to increase its clout in international sports.
If the rumor is true, it would complicate the acquisition……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From China Knowledge: China Investment Corp, the country’s US$300-billion sovereign wealth fund, denied the report that it is considering to acquire the debt-ridden U.K.-based Liverpool Football Club, sources reported.
Media reported that CIC is backing Hong Kong businessman Kenneth Huang to take over the football club……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Vccircle.com: Singapore sovereign fund may co-invest over $100 mn with HDFC, which has exposures in Embassy SPVs. Southern real estate major Embassy Property Developments Ltd is holding talks with Singapore’s Temasek and HDFC Property Ventures for private equity placement topping $100 million.
Banking sources familiar with the development said, Temasek could be co-investing with HDFC Property Ventures, which has made three large project level investments with Embassy in the past………………………………………..Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Supplychain.cn: Adjustments China makes in the domestic real estate market provide great opportunities for international capital, which is snapping projects there in the mode of funds.
Mapletree Investments, a unit of Singapore-based Temasek Holdings, said recently that with the completion of the investment of Mapletree India China Fund, it would establish an about USD 1 billion fund to aim at commercial complexes in first-tier Chinese cities……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Reuters: An Australian local government superannuation fund has become the latest state-owned fund to invest in environmental funds. Investing in ethical investing serves a multitude of objectives, especially for sovereign wealth funds keey to be accepted in the West.
Local Government Super (LGS), which manages around A$6 billion in assets for 100,000 local government employees in New South Wales, has invested A$50 million ($45.96 million) into a portfolio which invests in small cap environmental technology stocks, run by London-based Impax Asset Management……………………………………….Full Article: Source

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Posted on 10 August 2010 by VRS |  Email |Print

From Gov.hk: Hong Kong’s official foreign currency reserve assets amounted to US$260.7 billion at the end of July, up on the US$256.8 billion recorded at the end of June, the Monetary Authority says.
There were no unsettled forward contracts at end of July……………………………………….Full Article: Source

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