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Sovereign Wealth Funds Briefing 27.Oct 2010

Posted on 27 October 2010 by VRS |  Email |Print

From Dow Jones: Representatives from China’s sovereign wealth fund, the China Investment Corp., met with Brazilian Finance Minister Guido Mantega Tuesday to discuss possible investments in Brazilian industry and agriculture, Brazil’s Finance Ministry said.
According to the ministry, Mantega made a presentation on the current economic situation of Brazil and the outlook for the coming years. The minister also spoke on the government’s views regarding international conditions and policy………………………………………Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Favstocks.com: Some sort of shape is starting to take place, post-global crisis, as to how the biggest, longest-term investors are spending their money. If the endowment model was the one to follow for the past 20 years, the sovereign wealth fund model may be the one to follow for the next.
Endowment-envy swept the world in the early part of this decade, which was probably a decade too late to reap the benefits from following the very clever investment strategies of the likes of Yale and Harvard. By the time of the global financial crisis, the envy had faded……………………………………….Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Assetinternational.com: Companies worldwide are looking to lure greater investment from hedge funds and sovereign wealth funds while increasingly contemplating secondary stock listings in emerging markets, a new Bank of New York Mellon survey reveals.
“This survey…has some interesting stats on how companies worldwide meet quite regularly with hedge funds and sovereign wealth funds, treating them now much like any other investor,” BNY Mellon spokesman Joe Ailinger told aiCIO. “We were also surprised that nearly a quarter of firms were considering a secondary stock listing in an emerging market, especially greater in China.”………………………………………Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Seekingalpha.com: One of the largest sovereign wealth funds is the Norway Global Government Pension Fund, which holds somewhere in the neighborhood of $400 billion in assets. Others include the China Investment Corporation ($300 billion), Singapore Investment Corporation ($250 billion), Hong Kong Monetary Authority ($225 billion), the Russia National Welfare Fund ($140 billion), and the Australian Future Fund ($60 billion).
With the million dollar question relative to QE2 being the magnitude of the Fed’s planned bond purchases, we can expect some volatile trading sessions for the next week or so……………………………………….Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Independent: The emir of Qatar, and his £54bn sovereign wealth fund, were said to be behind a takeover bid for Everton FC last year. Another Saudi royal, Prince Faisal bin Abdullah, was linked with Liverpool.
And various Gulf royal families and sovereign wealth funds from Dubai, Abu Dhabi and Kuwait were said to have made an offer for Manchester United earlier this year. Dubai International Capital has tried to buy both Liverpool and Newcastle United……………………………………….Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Emirates247.com: Sovereign Wealth Funds’ (SWF) global assets crossed the $4 trillion-mark for the first time in history in the third quarter this year. According to SWF Institute’s just released rankings for Q3 2010, boosted by the Norwegian Global Pension Fund-Global’s asset growth to over 3 trillion kroner ($512bn), global assets held by SWFs have now reached $4.033bn.
“The fund has grown faster and bigger than most people expected since getting its first inflow of capital in May 1996,”says Yngve Slyngstad, CEO of Norges Bank Investment Management (NBIM), which manages the fund……………………………………….Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Assetfinanceinternational.com: Abu Dhabi-based Waha Capital will acquire about 29.8m shares in AerCap in exchange for $105m in cash, Waha’s 50% interest in AerVenture and the transfer of a 40% interest in Waha’s 16-aircraft portfolio. Waha Capital’s main institutional shareholder is Mubadala Development Company.
The total consideration for the shares in AerCap is about $380m based on the New York Stock Exchange closing price on Friday. Waha Capital’s main institutional shareholder is Mubadala Development Company. The completion of the transaction is scheduled for mid-November 2010……………………………………….Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From BBC: Norway’s global pension fund has been funded by the nation’s oil and gas revenue for the past 15 years, since the Oslo government switched into saving mode.
To Scottish Nationalists, it’s an example of what a small, resource-rich country can achieve if it makes the right, long-term decisions……………………………………….Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Channelnewsasia.com: The philanthropic arm of Singapore investment company Temasek Holdings - Temasek Cares - is pumping S$650,000 into an integrated care programme for the elderly.
The programme aims to offer the frail elderly an alternative care solution to nursing homes……………………………………….Full Article: Source

Posted on 27 October 2010 by VRS |  Email |Print

From Bloomberg: Nigeria’s foreign-exchange reserves fell 7.6 percent to $33.9 billion in the month to Oct. 21, according to data on the Central Bank of Nigeria website, as the bank sold dollars to prop up the value of the naira.
Reserves fell from $36.7 billion the month earlier, the bank said, and are down from a high of $58.3 billion in March 2008……………………………………….Full Article: Source

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