Sun, Oct 26, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 12.Aug 2010

Posted on 12 August 2010 by VRS |  Email |Print

From Dow Jones: Italian power utility Enel SpA is in talks with sovereign funds, among other investors, as it prepares to sell a minority stake in its renewable energy subsidiary, Enel Green Power, according to a person familiar with the matter.
Enel plans to sell about 30% of its renewables unit in late October but has yet to decide whether to do so by means of a market listing or a private placement……………………………………….Full Article: Source

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

Posted on 12 August 2010 by VRS |  Email |Print

From Reuters: Africa’s nascent sovereign funds are turning to Asia and the Gulf for a steer on how to manage resource revenues, a move that could shield wealth for the future and lure more attention from international investors.
But there is no simple “cut and paste” model as Africa faces a challenge in striking a balance between spending today to build infrastructure and reduce poverty and saving for tomorrow, as well as guarding against corruption and squandering……………………………………….Full Article: Source

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

Posted on 12 August 2010 by VRS |  Email |Print

From Dow Jones: China Investment Corp. continued to pare down its Morgan Stanley (MS) stake, unloading another 1.6 million shares of the stock, according to a regulatory filing late Wednesday.
Over the past three weeks, China’s sovereign-wealth fund has sold 25.5 million shares of the investment bank for $692.4 million. CIC could be selling the shares to keep its stake in Morgan Stanley below 10%, in order to avoid closer regulatory scrutiny……………………………………….Full Article: Source

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

Posted on 12 August 2010 by VRS |  Email |Print

From Theasset.com: China Investment Corp (CIC) stands to lose an awful lot of money in Morgan Stanley – a first investment it will never forget. That’s unless China’s sovereign wealth fund can somehow get rid of its remaining shares in the blue chip US investment bank before a deadline on its equity units being converted into shares is triggered.
CIC has been trying to do exactly that over the last few weeks, conducting a steady, one-way campaign of selling Morgan Stanley stock in the secondary market……………………………………….Full Article: Source

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

Posted on 12 August 2010 by VRS |  Email |Print

From Arabic Knowledge@Wharton: The Qatar Investment Authority recently bought a number of London landmarks, including a large portion of Canary Wharf, luxury retailer Harrods and the Savoy Hotel.
Yet enthusiasm for those markets is waning. Amid the recent financial woes befalling U.S. and European real estate, some Arab investors have suffered embarrassing losses. That includes Dubai’s Istithmar World’s foreclosure sale of the W New York Union Square hotel for US$2 million, which the firm had bought for US$282 million in 2006……………………………………….Full Article: Source

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

Posted on 12 August 2010 by VRS |  Email |Print

Temasek Life Science Ventures Pte Ltd (TLV) and Emergent BioSolutions Inc. announced their agreement to form EPIC BIO Pte Ltd, a joint venture to develop, manufacture, and commercialize a multivalent, cross-protective human vaccine to protect against influenza caused by a broad range of circulating H5 influenza strains.
The broad spectrum pandemic flu vaccine is expected to be based on multiple antigens held by TLV and to be delivered as a single vaccine using Emergent’s MVAtor(TM) vaccine delivery platform. Completion of this joint venture is expected in the next few weeks……………………………………….Full Press Release: Source

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

Posted on 12 August 2010 by VRS |  Email |Print

From Bloomberg: GCL-Poly Energy Holdings Ltd., , of which China’s sovereign wealth fund owns a 20 percent stake, rose the most in more than two months in Hong Kong after a report said prices of the raw material used in solar cells have gained as much as 54 percent.
The shares increased as much as 7.7 percent, the most since May 31, and were at HK$1.92 at the midday break. The benchmark Hang Seng index declined 0.4 percent……………………………………….Full Article: Source

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

See more articles in the archive

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031