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Sovereign Wealth Funds Briefing 28.Feb 2011

Posted on 28 February 2011 by VRS |  Email |Print

From Reuters: Swiss commodities trader Glencore has opened up talks with sovereign wealth funds in China and Qatar to bring in a cornerstone investor ahead of its planned listing on the London Stock Exchange, The Sunday Times reported.
The paper said Glencore was in talks with the China Investment Corp and Qatar Investment Authority……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From Gulfnews.com: There is no reliable data on how rich Libya might be in terms of accumulated wealth in its sovereign wealth fund. It is estimated that the Libyan Investment Authority (LIA), set up in 2006 to manage the country’s oil revenues has assets of around $70 billion (Dh257.46 billion), equivalent to nearly 75 per cent of the country’s economy.
LIA, which is roughly the same size as Qatar’s sovereign wealth fund, publishes little information, but a rare annual report in 2009 shows how liquid the fund is……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From Irishtimes.com: Senior officials from the National Treasury Management Agency met representatives of the Libyan sovereign wealth funds late last year in Libya to see if it would be interested in investing in Irish debt or Irish banks, it is understood. The talks, which occurred following an expression of interest from the Libyan Investment Authority, did not lead to any investment.
The agency has travelled to meet representatives of a range of Middle Eastern and other sovereign wealth funds over recent months, as a result of inquiries from the funds……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From Independent: This seems likely to include the assets of the country’s sovereign wealth fund, the Libyan Investment Authority (LIA), which has a number of high-profile property investments in London and a 3 per cent stake in the owner of the Financial Times, Pearson.
However, FM Capital Partners, a Knightsbridge-based hedge fund, majority owned by the Libyan Africa Investment Portfolio, is believed to have been investing as normal over the past week……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From Punchontheweb.com: Members of the House of Representatives were divided on Thursday over the plan by the Federal Government to create a Sovereign Wealth Fund.
The development came as lawmakers also deferred the consideration of the 2011 budget proposals of the Independent National Electoral Commission……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From Straitstimes.com: China Investment Corp, the country’s US$300 billion sovereign wealth fund, is one of the parties behind an Australian-registered investment vehicle that bought stakes in Toshiba Corp, Kirin Holdings and Shiseido Co, the Wall Street Journal said.
The same party also appears to have bought stakes in Sony Corp, Mitsubishi UFJ Financial Group and Mizuho Financial Group, the newspaper said……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From Reuters: Kazakhstan’s sovereign wealth fund has secured a $2 billion loan from China to fund iron ore and chrome projects run by London-listed Eurasian Natural Resources Corporation , the fund’s head said on Friday.
The fund, Samruk-Kazyna, will channel $1.6 billion to ENRC’s iron ore unit, Sokolov-Sarbai Mining and Production Union, and a further $400 million to the company’s ferro-chrome unit, Kazchrome, Chief Executive Kairat Kelimbetov told reporters……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From Juneauempire.com: Representatives of the Alaska Permanent Fund appeared before the Alaska Legislature on Friday, explaining their investment strategies and defending their earnings returns.
So far this year the permanent fund has lagged the U.S. stock market, but that’s to be expected given its conservative investment strategy, said Mike Burns, the fund’s executive director……………………………………….Full Article: Source

Posted on 28 February 2011 by VRS |  Email |Print

From KTVA-CBS 11 News: More of Alaska’s military are joining the mix of service members who are being denied their Alaska Permanent Fund checks because of time spent away fighting overseas.
But with the problem involving the wording of state law, the question is: will lawmakers step up to change it?………………………………………Full Article: Source

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