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Sovereign Wealth Funds Briefing 22.Mar 2011

Posted on 22 March 2011 by VRS |  Email |Print

Governments in the Middle East are expected to invest more funds in developing infrastructure while the region’s sovereign wealth funds might redirect capital flow to investments within national and regional borders in the wake of the regional unrest, bankers and financial experts said.
Investment bankers across the region also expect to see lower than predicted merger and acquisition activities in the backdrop of the escalating unrest……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Qatar’s Hassad Food, a unit of the country’s sovereign wealth fund, plans to purchase farmland in Turkey to grow crops and raise livestock, the company’s chairman said.
Hassad is in negotiations with the Turkish government over the farmland, Nasser Mohamed al Hajri said at a meeting in Doha, Qatar, late yesterday……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Invest AD, the Abu Dhabi-owned investment firm, said on Monday it has hired a new fund manager to join its Africa-focused equities fund. Stephane Bwakira, previously an equities analyst with South African investment bank and asset manager Investec, will join the team managing the Invest AD - Emerging Africa Fund.
The fund delivered a return of 19.3 percent in 2010, the Invest AD said in a statement……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Etisalat has abandoned its plan to buy Zain because of regional unrest and resistance from some Zain board members. Zain is 24.6%-owned by Kuwait Investment Authority and majority owned by Al-Khair National Stocks and Real Estate Company.
Etisalat has discarded its $12 billion offer for a large stake in Kuwaiti operator Zain. The deal fell through due to the results of Etisalat’s due diligence process, a lack of unanimity among Zain board members and political unrest in the region……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Russia has returned Spain to the list of the countries whose debt its National Wellbeing Fund is allowed to buy, the Ministry of Finance said on its website Monday. Moscow excluded Spain and Ireland from the list in November. The list still doesn’t include Ireland, but does include Austria, Belgium, United Kingdom, Germany, Denmark, Canada, Luxemburg, Netherlands, U.S., Finland, France and Sweden.
National Wellbeing Fund, intended to support the country’s pension system, totaled $90.94 billion as of March 1………………………………………Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Russia will invest $10 billion in a new direct investment fund it is setting up to attract foreign investment in an attempt to help modernize the economy, a government official said Monday.
The Kremlin is betting that foreign investors will be more likely to invest in Russian business with the state as a partner, a possible safeguard against loss……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Moody’s improved outlook reflects the country’s significant improvements in the government’s fiscal and external positions, reflected in the rapid accumulation of financial assets in the State Oil Fund of Azerbaijan (SOFAZ) and the prudent management of the revenues from those increases.
The government registered a fiscal surplus of 14% of GDP in its consolidated budget, while the current account surplus was 30% of GDP in 2010……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Government Pension Fund-Global, Oslo, returned 9.6% on investments in 2010, driven primarily by rising worldwide stock market values, the sovereign wealth fund reported.
Assets rose to 3.077 trillion Norwegian kroner ($552 billion) as of Dec. 31, up 16.6% from a year earlier. The fund’s equity portfolio returned 13.3%, while bonds returned 4.1%……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

European Union (EU) finance ministers Monday laid out details of the permanent bailout fund which will have a capital base of 700 billion euros (987 billion U. S. dollars) to deal with future sovereign debt crisis.
“I can tell you that we have agreed on all elements relating to the ESM (the European Stability Mechanism) and I am delighted that that’s the case,” Eurogroup President Jean-Claude Juncker said……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Integrated (Mauritius) Healthcare Holdings, an arm of Khazanah Nasional Bhd, has acquired 8.82 per cent stake in corporate hospital chain Apollo Hospitals from Bisikan Bayu Investments, another arm of the Malaysian sovereign fund, for Rs 470 crore.
The deal comes eight months after the fund succeeded in aborting attempts of billionaire brothers Malvinder and Shivinder Singh-promoted Fortis Healthcare to acquire a majority stake in Khazanah-controlled Parkway hospital chain of Singapore……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

Gold and silver rose on the open in Asia and have continued those gains so far in European trading with the Libyan military conflict leading to a safe haven bid and falls in the dollar and yen.
Gold was not the only precious metal being bought with the FT reporting that the sovereign wealth fund of Qatar, the Qatar Investment Authority is reportedly interested in acquiring both and gold and silver……………………………………….Full Article: Source

Posted on 22 March 2011 by VRS |  Email |Print

The New Zealand Superannuation Fund posted a 3 percent return last month, benefiting from a rally in global equity markets. Returns for February totalled $550 million before tax of $30m.
The New Zealand Superannuation Fund posted a 3 percent return last month, benefiting from a rally in global equity markets……………………………………….Full Article: Source

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