Fri, Apr 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 18.Nov 2010

Posted on 18 November 2010 by VRS |  Email |Print

From Arabianbusiness.com: Qatar’s sovereign wealth fund said it will only invest in French nuclear group Areva’s capital increase if it can convert that investment into its mining division, possibly delaying negotiations.
The Qatar Investment Authority, along with French utility EDF and Japanese group Mitsubishi Heavy Industries, is in talks to invest £1.5-3bn ($2.0-4.1bn) in Areva to help it fund international expansion……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From Thepeninsulaqatar.com: The country is better known for its investments abroad. Its seven-year-old sovereign wealth fund, the Qatar Investment Authority, may have only about $85bn (Dh312.18bn) - considerably less than its Gulf neighbours have saved - but it has increased its activity in the international markets since 2008.
Credit Suisse, in which Qatar owns a stake, has emerged as the country’s preferred deal maker. Some of Qatar’s recent acquisitions include Raffles Hotel in Singapore, bought for $275m, a $2.5bn stake in Banco Santander Brazil, and the Chancery building in London……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From Arabianbusiness.com: Kuwait Investment Authority, the Gulf country’s sovereign wealth fund, may buy a state in General Motors (GM) when the troubled car maker issues its initial public offering later today.
The Gulf state may take a stake of one percent or less, Bloomberg said, citing a person familiar with the deal……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From WSJ: Australia’s Future Fund wants guarantees from European governments if it is to invest in debt issued by the stability facility that could be used to bail out Ireland, Chairman David Murray said.
The remarks from the head of Australia’s sovereign-wealth fund, which manages 69 billion Australian dollars (US$67.4 billion), show Europe has much to do to convince investors that its fractious political base is fully backing the European Financial Stability Facility, set up in May and backed by 16 euro-zone members……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From Businessspectator.com.au: Future Fund chairman David Murray says the sovereign wealth fund will not invest in any debt issued to bail out Ireland unless it receives a guarantee from European governments on the stability of such a project.
According to the report, Mr Murray said a show of unity from Europe will be needed to convince him that the deal will be successful……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From Pionline.com: Gary Gabriel, head of private markets at Australia’s A$69 billion (US$67.7 billion) Future Fund, Melbourne, is leaving the sovereign wealth fund. It could not be learned where Mr. Gabriel is going, but market observers speculated he may be interested in returning to a more “hands-on” investment role.
A Future Fund spokesman said no decision on a replacement for Mr. Gabriel had yet been made, or an end date for his current role confirmed……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From Businessspectator.com.au: China cannot avoid buying assets priced in US dollars but should not increase its holdings of US treasuries, the Hong Kong chairman of China’s sovereign wealth fund said in remarks published on Thursday.
Lawrence Lau, a former Stanford University professor who was recently appointed to run China Investment Corp’s first Hong Kong office, said that since Hong Kong, Japan and South Korea all had sizable holdings of US treasuries, the repercussions of a large sell-off would be inconceivable……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From Thestandard.com.hk: China’s yuan is expected to be fully convertible during the next five years at the earliest, Lawrence Lau Juen-yee, chairman of China Investment Corporation’s Hong Kong office, said.
But that does not mean it should have a free-floating exchange rate, the former head of Chinese University of Hong Kong told an economic forum……………………………………….Full Article: Source

Posted on 18 November 2010 by VRS |  Email |Print

From Bloomberg: Norway is the world’s seventh-biggest oil exporter and avoids the unpredictable swings that other energy-rich nations suffer by investing oil revenue offshore through its sovereign wealth fund.
The $305 billion mainland economy will grow 3 percent in 2011, the central bank estimates, outpacing expansion rates in Switzerland and Germany. Norway’s budget surplus will stay close to 10 percent of GDP this year and next, according to the government……………………………………….Full Article: Source

See more articles in the archive

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930