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Sovereign Wealth Funds Briefing 05.Nov 2010

Posted on 05 November 2010 by VRS |  Email |Print

From Reuters: Norway’s sovereign wealth fund (SWF) earned $34 billion (20 billion pounds) on its investments in the third quarter as markets rallied and warned of risks stemming from potential capital flow restrictions in reaction to global imbalances.
The $500-billion-plus SWF, the world’s second largest behind its peer in the United Arab Emirates, also picked a prime central London retail site for its first ever real estate purchase in a $719 million deal……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From AP: The Norwegian central bank says the country’s vast oil fund achieved a 7.2 percent return on investments in the third quarter, following gains in global stock and bond markets.
The increase corresponds to 199 billion kroner ($34 billion), and lifts the total market value of the fund to 2.9 trillion kroner ($500 billion)……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From Bloomberg: Norway agreed to pay about 448 million pounds ($722 million) for 25 percent of London’s Regent Street, the first real-estate investment by the oil-rich country’s sovereign wealth fund.
The Norwegian Government Pension Fund Global will buy a share of 113 buildings on the West End street from the Crown Estate, the British monarchy’s property manager, according to a statement today……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From IPE: Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate’s Regent Street portfolio in London.
The NOK2.8trn (€342bn) sovereign wealth fund confirmed it would invest in the asset class, for the first time in its history, in March 2010, and that the £448m (€509m) deal would be its first step toward reaching its 5% allocation target……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From Assetinternational.com: Norway’s central bank governor Svein Gjedrem said Tuesday that its Government Pension Fund Global will begin buying real estate in the near future, along with equities and fixed-income securities.
“A move into real estate will strengthen the fund, which today is solely invested in stocks and bonds,” Yngve Slyngstad, chief executive officer of Norges Bank Investment Management (NBIM)……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From Efinancialnews.com: In Norway, stockpickers are back. The country’s €356bn sovereign wealth fund said this morning it had made an extra €1.4bn on its money thanks to their efforts in the third quarter, after a dismal showing in the second. By the by, the fund also confirmed a £450m deal to buy up a large chunk of London’s Regent Street.
Norway’s Government Pension Fund reported one of its best-ever quarterly results this morning, 7.2%, as stockmarkets swung upwards and government and corporate bond prices also rose……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ) has announced of 46% rise in assets. The SOFAZ informs that since early 2010 its assets grew by 45.8% and as of 1 October reached $21.7 billion compared to $14.9 billion by the beginning of the year.
Over the past three quarters of 2010, the Fund received AZN 9.578 billion of revenues, while its expenditures totaled AZN 3.9 billion. Current net surplus (AZN 5.6 billion) exceeded expenditures……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From Arabianbusiness.com: Abu Dhabi’s Aabar Investments and a financial holding firm linked to Libya’s sovereign wealth were among the six bids submitted for Italian football club AS Roma, according to reports in Italy on Thursday.
Sources close to the matter told the Il Messaggero newspaper six bids had been submitted for the Rome-based football club……………………………………….Full Article: Source

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Posted on 05 November 2010 by VRS |  Email |Print

From Arabianbusiness.com: Qatari Diar, property arm of Qatar’s sovereign wealth fund, is likely to win the bid for a $600m tourism project in Lombok, Gita Wirjawan, Indonesia’s investment chief, said on Thursday.
“The Qataris are the most serious bidder as they have met the local government,” Wirjawan said……………………………………….Full Article: Source

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