Sat, Jul 26, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 26.Aug 2010

Posted on 26 August 2010 by VRS |  Email |Print

Pulkit SharmaFrom Reuters: Sovereign wealth funds could invest up to almost $290 billion a year in real estate, or nearly a tenth of their assets, in the next five years as they seek to hedge their volatile source of wealth, according to a study.
The thesis, to be published by the Massachusetts Institute of Technology later this year, also found many sovereign wealth funds are preferring to invest directly in the property market……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Asiaone.com: More high- level changes are afoot at Temasek Holdings: its managing director of corporate affairs, Myrna Thomas, has signalled her intention to leave the Singapore investment firm, after more than four years on the job.
BT understands that while Ms Thomas has told the firm she intends to leave, Temasek has asked her to stay on until Dec 31. It is believed that, until then, Ms Thomas will continue to be involved in Temasek’s activities, albeit not managing her team on a day-to-day business, and will continue to speak on behalf of the firm where necessary……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Bloomberg: Temasek Holdings Pte. and CapitaLand Ltd. led borrowers that raised $14.1 billion this year, topping the record $13.2 billion of notes sold in 2001, according to data compiled by Bloomberg. The benchmark three-month interbank lending rate was last at 0.55708 percent, near the lowest since 1987, when data on the Monetary Authority of Singapore’s website starts.
“Singapore is going through an outstanding period of economic growth with most sectors performing well,” Aaron Russell-Davison, head of Asia debt syndicate at Standard Chartered Plc, said in a phone interview from the city-state……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Marketwatch.com: A unit of China’s sovereign wealth fund raised 54 billion yuan ($7.94 billion) in its first bond sale earlier this week, tapping the domestic interbank market for the funds that it plans to use to help shore up Chinese banks.
Central Huijin Investment Ltd., the domestic investment arm of China Investment Corp., said over time it plans to raise 187.5 billion yuan from the interbank bond market, according to reports that cited a statement from the group Tuesday……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From China Knowledge: China Jianyin Investment Securities Co has transferred all 43.35% stake it held in China International Capital Corp to Central Huijin Investment Ltd, a wholly-owned subsidiary of China’s US$300 billion sovereign wealth fund, China Investment Corp, the Shanghai Securities Newspaper reported yesterday, without indicating the sources.
According to the report, the stake transfer secured approval from Chinese regulators on Aug. 13……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Taipeitimes.com: Malaysian activists yesterday applauded a decision by Norway’s state pension fund to blacklist timber firm Samling Global, which is accused of rampant environmental destruction in Borneo. Norway’s state pension fund, one of the world’s largest sovereign wealth funds, accused Samling Global of “extensive and repeated breaches” of regulations in Sarawak state.
Rights campaigners have also accused Samling of trampling on the rights of indigenous people, particularly the Penan tribe in Malaysian Borneo, who have mounted blockades against the firm to protect their ancestral land……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Financialpost.com: The Canada Pension Plan Investment Board has made a $375-million investment in the Australian real estate fund Colonial First State Global Asset Management. Its investment was matched by Future Fund, an Australian sovereign wealth fund.
The restructured fund, which has a $1.1-billion portfolio that includes significant stakes in shopping centers in Australia, will be renamed CFSGAM Property Retail Partnership……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Zawya Dow Jones: Ras Al Khaimah Investment Authority’s first half net profit rose 1.5% to 128.5 million U.A.E. dirhams ($35 million), from AED126.5 million in the year earlier period.
The authority’s total assets grew to AED7.26 billion at the end of June, compared with AED7.02 billion at the end of Dec, 2009, Rakia said in a statement via the London Stock Exchange’s regulatory news service……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Canoe.ca: Dubai World believes it can raise as much as $19.4 billion from selling key assets over eight years, or almost double the current price, if creditors back its restructuring, a document obtained by Reuters showed.
The struggling state-owned conglomerate, which needs to get creditors to agree to its proposal by Oct. 1 in order to go forward with the plan and clean up its balance sheet, thinks sales right now would generate a maximum of $10.4 billion, according to the document, which was obtained on Wednesday……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Calgaryherald.com: The value of Alberta’s rainy day fund slipped $282 million to $14.1 billion in the fiscal first quarter ended June 30, the provincial government said in its quarterly budget update.
According to documents supplied by the Finance and Enterprise department, the fund recorded a net loss of $164 million plus a $118-million decline in unrealized portfolio gains - defined as profits that would be made if the fund’s assets were sold at current market prices……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Cbc.ca: Alberta’s deficit is projected to be $4.7 billion at the end of the current fiscal year, according to figures released Wednesday by Finance Minister Ted Morton.
The figure, just $7 million more than forecast in the budget, was contained in Alberta’s first-quarter fiscal update for 2010-11 released by Morton at the provincial legislature in Edmonton……………………………………….Full Article: Source

Posted on 26 August 2010 by VRS |  Email |Print

From Ahora.cu: Venezuela’s foreign currency reserves fell by $223 million to $28,476 million, slightly below the level considered optimal by the government (30 billion dollars), reported the Central Bank.
Of the total international reserves, $27,645 million are in the entity responsible for monetary policy and $831 million in the Macroeconomic Stabilization Fund, a mechanism created to ensure balance in case of low oil revenues……………………………………….Full Article: Source

See more articles in the archive

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031