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Sovereign Wealth Funds Briefing 08.Nov 2010

Posted on 08 November 2010 by VRS |  Email |Print

From AFP: Kuwait Investment Authority, the oil-rich Persian Gulf state’s sovereign wealth fund, will take part in the U.S. General Motors new stock offering if it is “feasible,” the KIA chief said on Saturday.
“They have announced the price range. We will look into it, we have to review it and if it is feasible we are interested,” managing director Bader al-Saad told reporters on the sidelines of a meeting. “We are interested if it is cheap,” he said, without elaborating on the number of shares the fund may buy……………………………………….Full Article: Source

Posted on 08 November 2010 by VRS |  Email |Print

From Reuters: Kuwait Investment Authority, the Gulf Arab country’s sovereign wealth fund, will consider taking part in General Motors’ initial public offering if it is feasible, its managing director said on Saturday.
“Now, the price range has been set. Last week, they announced the price range, which is the valuation range,” Bader al-Saad told reporters……………………………………….Full Article: Source

Posted on 08 November 2010 by VRS |  Email |Print

From Compassnewspaper.com: Apparently seeking multi-channel investment roads to bridge the huge funding gap in national developmental agenda, Nigeria is set to explore and also harness funds from the global financial environment by using the Sovereign Wealth Fund (SWF) vehicle as a strategic option of meeting burgeoning public sector expenditures.
A (SWF) is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments……………………………………….Full Article: Source

Posted on 08 November 2010 by VRS |  Email |Print

From Centredaily.com: Gazillion Entertainment, a leading developer, publisher and operator of massively multiplayer online (MMO) games, announced that a group of investors, led by Singapore’s Temasek Holdings, has invested $60 million into the company.
“Massively multiplayer online games have become one of the most profitable entertainment formats in many worldwide markets. At Gazillion we’ve focused our creative energy on bringing a signature style and playability to our MMOs so these experiences can be shared by all kinds of gamers,” said Rob Hutter, Founder and CEO of Gazillion……………………………………….Full Article: Source

Posted on 08 November 2010 by VRS |  Email |Print

From Barrons.com: Some of the investments are made by China Investment Corp. and the State Administration of Foreign Exchange Investment Co., both sovereign-wealth funds that are charged with diversifying China’s $2.5 trillion in foreign-exchange reserves.
After the values of big stakes in Blackstone and Morgan Stanley slid during the financial crisis, CIC reevaluated its strategy, investing last year in commodity companies like Hong Kong’s Noble Group, Russia’s Nobel Oil, and Canada’s South Gobi Energy Resources……………………………………….Full Article: Source

Posted on 08 November 2010 by VRS |  Email |Print

From Indianexpress.com: The country’s foreign exchange reserves went up by USD 2.56 billion to USD 297.96 billion on the back of a big surge in gold reserves and foreign currency assets.
After remaining static for weeks, the country’s gold reserves shot up by USD 1.15 billion to USD 21.67 billion for the week ended October 29, weekly data released on Friday by the Reserve Bank showed……………………………………….Full Article: Source

Posted on 08 November 2010 by VRS |  Email |Print

From MNI: Japan’s foreign reserves hit another record high of $1.118 trillion at the end of October, surpassing the previous record high of $1.110 trillion marked at end-September, the Ministry of Finance said on Monday.
In October, the Japanese government didn’t conduct yen-selling intervention but the foreign reserves appeared to have been pushed up by interest payments on Japan’s holdings of U.S. Treasuries. ………………………………………Full Article: Source

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