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Sovereign Wealth Funds Briefing 02.Mar 2011

Posted on 02 March 2011 by VRS |  Email |Print

Andrew RozanovFrom Reuters: Popular revolts across the resource-rich Middle East and North Africa may transform the management of windfall oil wealth, potentially denting national balance sheets, boosting inflation and disturbing world markets.

The region’s state-owned funds, managing almost $1 trillion of assets — equivalent to nearly two-thirds of the entire hedge fund industry — have been a key driver in financial markets, making wide-ranging investments including stakes in blue chips such as UniCredit and luxury department store Harrods…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From Bloomberg: Sovereign wealth fund China Investment Corp. and Singapore state-owned investment company Temasek Holdings Pte. may bid for a 39 percent stake in Chinese cosmetics maker Shanghai Jahwa United Co., the Financial Times reported without citing anyone.

Shanghai Jahwa is also speaking with private bidders, the newspaper said today, citing an interview with Chairman Ge Wenyao. He declined to identify them. Ping An Insurance Group Co. also may bid for the stake from the Shanghai government, the report said without citing anyone…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From Bloomberg: VEB, Russia’s state development bank, is in talks with funds including Singapore’s Temasek Holdings Pte and China Investment Corp., VEB Chairman Vladimir Dmitriev said.

“We have calculated that these funds have $3 trillion under management,” Dmitriev told reporters in Moscow today. Funds in the Persian Gulf and Asia “are ready to consider” co- financing large investments in Russia, he said…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From Bloomberg: Temasek Holdings Pte, the biggest shareholder of NIB Bank Ltd., bought more shares in the Pakistani lender as Singapore’s state-owned investment company increases holdings in Asia.

Temasek bought 6.35 billion rupees ($74 million) of NIB Bank’s shares, representing its portion of the lender’s rights offer, the bank said in a statement to the Karachi Stock Exchange…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From Capitalvue.com: Shanghai Jahwa United plans to sell 39 percent of its equity on behalf of a state-owned enterprise that owns the share, reports nbd.com.cn, citing company chairman Ge Wenyao. Potential buyers include China Investment Corporation, Ping An Insurance Group and Singapore’s Temasek.
The chairman is reportedly in talks with several private investors, but their names have not yet been disclosed and the company did not comment on the matter…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From ITAR-TASS: Russia’s reserve fund had at 1 March 2011 a total value of 755.82 billion rubles (equivalent to approximately 19 billion Euro). The national prosperity fund had accumulated on the same date 2.631 trillion rubles (or approximately 66 billion Euro). This reported the Russian Finance Ministry on Tuesday.

Per 1 February 2011 the reserve fund amounted to 770 billion rubles, while the national welfare fund had a value of 2.674 trillion rubles, the news service PRIME-TASS writes…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From Huffingtonpost.com: The oil-rich country’s sovereign wealth fund, the Libyan Investment Authority, controls at least $70 billion in fixed assets and reserves.
It has invested the bulk of its money in European banks and businesses, including Dutch-Belgian bank Fortis, Italian bank Unicredit, the Pearson publishing empire, Italian defense firm Finmeccanica SpA, an oil-production sharing agreement with BP and even a slice of the Italian soccer team Juventus…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From Guardian: Pearson has frozen the stake held by the Libyan Investment Authority, one of the five biggest shareholders in the Financial Times owner, after taking legal advice that it is subject to a government order.

On Monday Pearson began a legal investigation to determine who the beneficial owner of the stake is in order to ascertain if the investment needed to be frozen in line with a UK government order to block the assets of Muammar Gaddafi and five members of his family…………………………………….Full Article: Source

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Posted on 02 March 2011 by VRS |  Email |Print

From Gantdaily.com: Qatar is planning to invest $4.14 billion in Spanish savings banks as the industry gears up to raise funds to meet new capital rules. Spanish Prime Minister Jose Luis Rodriguez Zapatero was in Qatar on Monday and left with the emirate government’s pledges. The money will come from Doha’s sovereign wealth fund, the Qatar Investment Authority.

Qatar’s Prime Minister Sheikh Hamad Bin Jasim al-Thani said his country is also planning on investing in Spanish telecommunication and energy companies…………………………………….Full Article: Source

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