Mon, Jul 28, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 23.Feb 2011

Posted on 23 February 2011 by VRS |  Email |Print

Vladimir PutinFrom Itar-Tass: An increase of world crude prices may more than double the Reserve Fund by the end of this year, but the government cannot spend more than planned because of the inflation hazard, Prime Minister Vladimir Putin said at a conference on Russia’s socioeconomic development forecast for the period until 2030.
“We must realize that these [additional revenues of the Reserve Fund] are a temporary phenomenon. We cannot inflate our expenditures. We must be as conservative as we were in the previous years,” Putin said………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Reuters: Libya’s secretive sovereign wealth fund could hold the key to any post-conflict reconstruction and future economic development with its $70 billion in assets including lucrative stakes in Western firms.
Given escalating unrest in Libya, a possible end to Muammar Gaddafi’s 41-year rule is likely to shake the foundations of the politically driven fund, but any new government could put the cash to good use and manage the fund more efficiently………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Guardian: Libya’s oil wealth has been siphoned out of the country by a powerful elite – including Gaddafi and his nine children. Most of the state’s investments are made by the Libyan Investment Authority (LIA), a “sovereign wealth fund” set up in 2006 to spend the country’s oil money, which has an estimated $70bn of assets.
LIA bought 3% of Pearson last year for £224m, making it one of the group’s biggest shareholders, and had a 0.02% stake in RBS, although this was recently sold………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Reuters: Libya has invested in a wide range of companies including European bluechips through its sovereign wealth fund, estimated to manage around $70 billion.
Below are some of the foreign assets held by the fund, as well as details of other investments:……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Telegraph: Libya has numerous interests in UK companies through its Libyan Investment Authority (LIA) sovereign wealth fund. Stakes include a 3pc holding in Pearson, the FT owner, and a small stake in Royal Bank of Scotland.
The LIA also holds 2.6pc of Unicredit, the Italian bank, and 2pc of Finmeccanica, the Italian aerospace and defence company. The LIA was established in 2006 by the General People’s Committee of Libya to manage the country’s vast oil revenues and, according to its website, to “diversify the dependence of national income”………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Zawya.com: Some of Libya’s overseas investments were politically charged months before the current crisis. The Libyan Investment Authority , which analysts value at $60bn-$80bn, has accumulated stakes in a diverse range of foreign assets, from newspapers and football teams to banks and textiles.
Tripoli set up the LIA in 2006, after UN sanctions were lifted in 2004, to diversify the north African country’s dependence on its oil wealth. The fact it was set up so recently has sheltered it from some of the losses suffered by other Middle Eastern funds………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Indiatimes.com: The UAE-based company Rakia Georgia, which is developing a free industrial zone (FIZ) in Poti (Georgia), is eyeing investments of around $ 10-15 bn from Indian companies this year. Rakia Georgia Free Industrial Zone (FIZ) was established in June 2008 by the RAK Investment Authority (RAKIA), the nodal agency of the Government of Ras Al Khaimah, UAE
“We expect that at least 25 Indian companies will invest close to around $ 10-15-bn this year (in FIZ),” the company’s General Director S K Chatterji told media on the sidelines of an event organised by industry body FICCI here………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Gulfnews.com: UAE investors increasingly look towards space for investments as the $7.5 billion (Dh27.5 billion) space tourism industry is set to take off. The combined sovereign wealth funds of the GCC countries are over $1.36 trillion, the largest being Abu Dhabi at an estimated $664 billion, with Saudi Arabia at $420 billion and Kuwait $203 billion, Qatar $65 billion, Dubai $19.6 billion and Oman $8.2 billion, according to a 2010 report by the Sovereign Wealth Fund Institute.
“…We are witnessing the dawn of a new industry that will change the way we live life here on Earth………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From WSJ: Vying for a role in the restructuring of well-known luxury resorts in bankruptcy court, an affiliate of the Government of Singapore Investment Corp. is setting the stage for a potential battle with a group including hedge-fund firm Paulson & Co. and Winthrop Realty Trust.
In court papers filed Monday, the Government of Singapore Investment Corp., or GIC, spelled out a $1.48 billion offer it has made to acquire the properties, which include the Claremont Resort and Spa in Berkeley, Calif., and Hawaii’s Grand Wailea Resort Hotel & Spa in Maui………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From WSJ: Mapletree Commercial Trust, which has links to state investment company Temasek Holdings Pte. Ltd., is also looking to raise as much as US$1 billion in an IPO in late March or April.
Perennial China Retail Trust, a unit of property-investment firm Perennial Real Estate, is likely to file a prospectus for a one billion Singapore dollar (US$780.6 million) initial public offering to Singapore’s central bank this week, in what will be the first of several big-ticket IPOs this year, people familiar with the situation said………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Ai-cio.com: New research by Chant West shows the median growth superannuation fund gained 1% return in the month of January, bringing the total returns for the financial year-to-date up to 8.4% since July, 1 2010.
“The strong performance in overseas share markets during January was largely fueled by stronger than anticipated economic data in the US, together with some company profit results that exceeded expectations,” said director Warren Chant of Chant West, a superannuation research consultancy firm………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 23 February 2011 by VRS |  Email |Print

From Businessspectator.com.au: Looming regulatory reforms in the retirement savings industry have pushed as many as 30 superannuation funds into various merger talks.
Several factors are pushing the superannuation fund sector towards increased consolidation, including a falling number of super accounts in the $1.3 trillion retirement fund sector and government tax relief for merging funds that runs out in June. The industry is also anticipating pressure on trustees to lower fees and improve member returns, according to the report………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

See more articles in the archive

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031