Fri, Oct 31, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 28.Sep 2010

Posted on 28 September 2010 by VRS |  Email |Print

From Emirates247.com: Sovereign wealth funds are expected to shy away from US Treasury Bills and pump $2.7 trillion (Dh10trn) to $5trn into the developing countries by 2017 split between equities and bonds, according to World Bank estimates.
Projected to have assets worth $17trn under management by 2017, the study projected that two global factors will increase the size and number of SWFs……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Straitstimes.com: The Government of Singapore Investment Corporation (GIC) has recouped most of the losses incurred during the global financial crisis and said that it will strengthen its investment focus on emerging markets.
Its annual report released on Monday shows that the 20-year nominal annual rate of return in US dollar terms jumped from 5.7 per cent to 7.1 per cent for the 12 months to March 31. The investment firm’s real rate of return, after accounting for global inflation, rose to 3.8 per cent from 2.6 per cent……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From WSJ: The Government of Singapore Investment Corp. said its average rate of return had picked up pace in the year ended March from the previous year as global equities markets rebounded but warned that significant challenges remained ahead.
In a statement, GIC, which manages Singapore’s foreign-exchange reserves, said its average rate of return from its investments for the 20 years to March rose 7.1% in U.S. dollar terms, accelerating from a 20-year average 5.7% return a year earlier. Its real rate of return—in excess of global inflation—was 3.8%, it said……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Reuters: Singapore’s biggest sovereign wealth fund GIC increased its exposure to stocks in developed countries and cut its bond holdings during its last financial year.
In its report for the financial year ended March 2010, GIC also said it will increase its exposure to emerging markets ……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Bloomberg: Government of Singapore Investment Corp., manager of more than $100 billion of reserves, will be able to more quickly adjust the make-up of its assets and will focus on emerging markets as they outpace developed economies.
The fund, with the approval of the board, will be free to change its asset allocation over the medium term, or within five years, to “respond more flexibly to significant risks or opportunities,” Chief Investment Officer Ng Kok Song said in the annual report yesterday……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Reuters: Singapore sovereign wealth fund GIC’s logistics unit is seeking to raise as much as S$3.9 billion ($2.95 billion) in an initial public offering, making it the city-state’s second-biggest IPO ever.
Global Logistic Properties (GLP), which owns industrial and logistic properties in China and Japan, will be the first listing of a firm majority-owned by the Government of Singapore Investment Corp, the world’s fourth-biggest sovereign fund……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Channelnewsasia.com: The Government of Singapore Investment Corporation (GIC) has said its logistics arm could seek to raise as much as S$3.9 billion in its initial public offering. This would make it the country’s second-biggest IPO.
Global Logistic Properties has set an indicative price range of S$1.78 to S$1.96 per share. According to its prospectus, the IPO will comprise up to nearly two billion shares, including for cornerstone investors and over-allotment……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Reuters: Singapore sovereign wealth fund GIC is in no hurry to reduce its stakes in Citigroup and UBS as it believes the worst is over for both lenders, the Business Times reported on Tuesday.
“These two banks have weathered the crisis; the worst is behind them. Both banks have returned to profitability over the last two quarters,” GIC Group Chief Investment Officer Ng Kok Song told local media……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Bernama: Khazanah Nasional Bhd through its wholly owned subsidiary Payar Investment Ltd has signed a joint venture agreement with Camco International Ltd to set up a South-East Asian emission reduction company.
The joint venture will focus on investments in emission-to-energy projects, carbon credit development and advisory services, said Khazanah, the government’s investment arm, in a statement Monday……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Thestar.com.my: Khazanah Nasional Bhd will pay a premium to acquire shares in London-based Camco International Ltd, and pump money into a joint venture with the clean energy project developer for the purpose of investing in emission-reduction businesses around the region.
Khazanah managing director Tan Sri Azman Mokhtar told reporters at the World Capital Markets Symposium yesterday that he believed the state investment fund paid “a fair price” for the stake in Camco……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Bloomberg: The State Oil Fund of Azerbaijan, with $20 billion of assets, plans to shed its fixed-income only strategy and start investing in equities to boost returns.
“As a long-term investor, being in fixed-income is not going to help so the fund will start moving to riskier asset classes as soon as possible,” Chief Investment Officer Israfil Mammadov, 37, said in an interview at his office in Baku, the nation’s capital. “Most likely we will start with the developed world and passive management, meaning indexes.”………………………………………Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Bloomberg: The International Monetary Fund approved a $353 million disbursement to Angola as part of a $1.3 billion loan. “Plans to establish a sovereign wealth fund are welcome, given the need to smooth the spending of oil revenues over time,”IMF Deputy Managing Director Murilo Portugal said.
Angola sought relief from the IMF last year amid a global economic crisis that had pushed down the price of oil to $32.70 a barrel in January 2009. Oil accounts for about 95 percent of the sub-Saharan country’s export revenue and about 60 percent of its gross domestic product……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Indiatimes.com: Oil-rich Kuwait is keen on buying a stake in Indian Oil Corp (IOC) if the government decides to sell its shareholding through a strategic divestment, Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said today.
“If government divests some stake through strategic sale, we are very interested in such proposal,” he said. “It has to be strategic sale,” he said when asked if Kuwait Petroleum Corp (KPC), of which he is the Chairman, or Kuwait Investment Authority would been keen on buying IOC shares in the public offering……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Gulf-times.com: If Japanese companies are to establish manufacturing bases in Qatar, the government has to allow 100% foreign ownership outgoing Japanese Ambassador Yukio Kitazume has said. “We hope the Qatar Investment Authority would invest in the Japanese industry,” he stated.
“Qatar has to open up if they wish to attract high standard, advanced, value added industries such as electronics, which are not there now,” he said……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Newsminer.com: The Alaska Permanent Fund Board of Trustees is to hold its annual meeting Wednesday and Thursday in Fairbanks. In addition to sessions at the Princess Hotel, the fund is to host a presentation at the University of Alaska Fairbanks Wood Center titled, “Inflation or Deflation: Where are we going?”
That public forum, with speakers from Callan Associates, Goldman Sachs, Mellon Capital Management and RCM, is at 4 p.m. Wednesday. There will also be a community reception at UAF……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Thailand-business-news.com: Thailand’s international reserves as of Sept 17 stood at US$159.1 billion or some Bt4.9 trillion, up $1.5 billion or Bt46 billion from the $157.6 billion or Bt4.86 trillion registered the week before, according to the Bank of Thailand BoT.
The reserve amount is calculated based on the current baht value standing at Bt30.7 to the US dollar……………………………………….Full Article: Source

Posted on 28 September 2010 by VRS |  Email |Print

From Dow Jones: China will continue to shift its foreign reserves into non-dollar assets, but U.S. government debt will remain the prime holding, former central bank adviser Fan Gang said Monday.
In an interview with Dow Jones Newswires and Malaysian media on the sidelines of a conference in Kuala Lumpur, he also said he expects the yuan to keep rising gradually, regardless of what the dollar does……………………………………….Full Article: Source

See more articles in the archive

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