Thu, Apr 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 24.Mar 2011

Posted on 24 March 2011 by VRS |  Email |Print

Yukio EdanoIn the past, Japan has shied away from putting some of its $1 trillion-plus foreign reserves into a sovereign wealth fund. Its devastating earthquake and tsunami may prove a turning point in the debate as such a fund would help meet huge reconstruction costs.
Japan will need multiple approaches to fund reconstruction, which might cost as much as $300 billion. Having a sovereign wealth fund (SWF) that makes long-term investments in the country’s battered northeast coast would give Japan another tool for the job……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, said it will launch a real estate portfolio worth 1 billion dinars ($3.6 billion) to invest in the local market.
“The real estate portfolio aims to achieve good returns on mid-term and long-term, and will benefit from the steep plunge in real estate,” KIA said in a statement on Wednesday on the state news agency KUNA……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

Actividades de Construccion y Servicios SA’s prospects of taking control of Hochtief AG Wednesday suffered a blow as Qatar Holding LLC raised its shareholding and the German construction company reported better-than-expected earnings, making its shares even more attractive to investors.
Qatar Holding, an investment vehicle of the state-run Qatar Investment Authority, raised its stake in Hochtief to above 10% from 9.1%, reducing the free float that Spain’s ACS is targeting……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

The Gaddafi regime is sitting on gold reserves of more than $6.5bn (£4bn) which could potentially provide the funds to pay a mercenary army to continue fighting for months.
International Monetary Fund figures show that Libya holds about 143.8 tonnes of gold, putting it into the top 25 nations in terms of reserves held……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

Dubai International Capital (DIC) has sold its 45 per cent stake in KEF Holdings, a valve and casing manufacturer based in the United Arab Emirates. As the international investment arm of Dubai Holdings, the Middle Eastern emirate’s sovereign wealth fund, DIC is 99.7 per cent owned by Mohammed bin Rashid Al Maktoum, the ruler of Dubai.
The fund picked up the stake in 2008 for $126m and is now selling it for $178m, alongside a partial exit by the company’s founder Faizal Kottikollon……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

The SIC is to examine the way the Norwegian state oil fund manages its investments, after some councillors attacked the local authority’s “intrinsically amoral” approach to investing its oil reserves on the stock market.
Jonathan Wills and Rick Nickerson have repeatedly been foiled when asking colleagues on Shetland Charitable Trust to look into more ethical ways of investing its £200 million-plus funds……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

Karim Masimov, Kazakhstan’s prime minister, is an alumnus, as are Timur Kulibayev, President Nursultan Nazarbayev’s businessman son-in-law, and Kairat Kelimbetov, the chairman of the Samruk-Kazyna sovereign wealth fund.
“Maybe there’s no other school in the world like this, if you look at the number of graduates who have become really prominent in their country,” says Headmaster Kairosh Makishev, himself a ‘Fizmatovets,’ as the school’s graduates are known……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

European Union finance ministers have agreed on the setup of the European Stability Mechanism — the permanent euro zone bailout fund. Following are their decisions put together in a “term sheet” on the ESM, which is to replace the existing fund – the European Financial Stability Facility (EFSF) — in mid-2013.
The agreement, reached on Monday, is expected to be approved by EU leaders at a summit on March 24-25……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

Australia’s Greens will ask lawmakers today to vote to stop the government, which plans some of the world’s toughest anti-smoking laws, from investing in tobacco companies as part of a civil servants’ retirement fund.
Greens senator Rachel Siewert will put a motion to the Senate to stop the government’s Future Fund - established in 2006 to cover pension costs of retiring lawmakers, judges and public servants - investing in tobacco……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

Future Fund chairman David Murray told Finance Minister Penny Wong last year he would prefer to step down at the end of his five-year term next month provided the $70 billion fund was in good shape.
But changes on the board and among executives were behind the decision to ask the former Commonwealth Bank chief executive to remain in the role for another year……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

Australia’s biggest superannuation fund, AustralianSuper, has given new impetus to investments in infrastructure by creating a new head of infrastructure role.
The fund has appointed Jason Peasley to the role. Peasley was previously director of Artisan Investment Managers, an independent boutique adviser for infrastructure investors and operators, which he helped found in 2009……………………………………….Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

The $300 billion CIC, the nation’s sovereign wealth fund, will seek more money from the government to expand investments, Executive Vice President Jesse Wang said Jan. 15. The 856.8 billion yuan ($131 billion) National Social Security Fund, whose assets grew 10 percent last year, will expand private equity investments that currently total 12.7 billion yuan, it said on Mar. 16.
With the exceptions of the State Administration of Foreign Exchange and China Investment Corp., other Chinese investors in private equity will likely focus on domestic funds in the next few years, making them the main beneficiaries of capital inflows, Roy said. ………………………………………Full Article: Source

Posted on 24 March 2011 by VRS |  Email |Print

China’s sovereign wealth fund China Investment Corporation (CIC)’s actual investment in Japan’s top ten companies was only a small percentage of the figure media reported, according to Wang Jianxi, deputy general manger of CIC.
Earlier, market rumors went that CIC’s investment in Japan’s top ten companies may top 522.2 Japanese yen, and CIC invested 35.9 billion Japanese yen (about three billion yuan) in Japan Electric Power Development Co……………………………………….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