Mon, Sep 15, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 25.Mar 2011

Posted on 25 March 2011 by VRS |  Email |Print

KKR & Co., the private-equity firm founded by Henry R. Kravis and George R. Roberts, said it has received a request from U.S. regulators for information about the company’s dealings with sovereign wealth funds.
KKR received the Securities and Exchange Commission request in January and is cooperating with the agency’s investigation, the New York-based firm said in a March 7 regulatory filing. The SEC sought information regarding “investors and clients that are sovereign wealth funds and certain services provided by KKR,” according to the filing……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

The Future Fund is expected to persist with its policy of selling down its Telstra stake after its holding finally dipped below 5 per cent yesterday, ending its status as a substantial shareholder five years after it inherited a $9 billion parcel from the federal government.
The fund yesterday advised it held just 4.99 per cent of the nation’s largest telco, having sold down from 5.75 per cent a month ago……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

Australia’s sovereign wealth fund has trimmed its stake in Telstra Corp to less than 5 percent, which will trigger an increase in the nation’s top phone company’s weighting in the benchmark S&P/ASX 200 index in June.
The $71 billion Future Fund said on Thursday it had sold down its holding on the market to 4.99 percent……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

Integrated Healthcare Holdings, a fund managed by Singapore’s sovereign wealth fund Khazanah, has picked up an 8.82% stake in Chennai-based Apollo Hospitals Enterprises in an off-market deal.
According to market sources, the Khazanah fund has bought the stake in the corporate hospital chain from its sister fund Bisikan Bayu Investments. Though the consideration paid by Integrated Healthcare Holdings was not immediately known, analysts put the deal size at around the R500 crore……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

China Investment Corporation Deputy General Manager Wang Jianxi said Wednesday that CIC’s investment and losses in Japanese companies have been largely exaggerated by the media and are far less than reported figures.
Earlier this month, the 21st Century Business Herald carried reports saying CIC suffered huge losses from its 522.2-billion-yen (about 40.4 billion yuan) investment in 10 major Japanese companies. The newspaper also said the sovereign wealth fund had invested 35.9 billion yen (about 2.935 billion yuan) in Tokyo Electric Power Co., whose share prices dropped about 40 percent after Japan’s earthquake……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

What does Norway get out of its Oil Fund, if not More Strategic Infrastructure Investment? For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its oil-export receipts – which are in foreign currency – in the Oil Fund, to invest mainly in European and U.S. stocks and bonds.
The fund now exceeds $500+ billion, second in the world to that of Abu Dhabi……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

The state-owned investment body, the Norwegian Pension Fund, holds shares in 15 energy companies in Burma, a position that the campaign group Norwegian Burma Committee this week criticised as “double morale”.
The Fund, which was founded on the country’s North Sea oil wealth, was the focus of a damming report in December last year by EarthRights International (ERI), who accused it of “contributing to grave unethical actions in Burma” through its investments……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

Mubadala Development Co., an Abu Dhabi government-owned investor with stakes in Carlyle Group and General Electric Co. (GE), posted a comprehensive loss of 315 million dirhams ($85.8 million) for 2010, because of declines in “mark- to-market” investments.
The loss followed a comprehensive profit of 9 billion dirhams in 2009, according to an e-mailed statement………………………………………Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

Mubadala Development has experienced a huge shift in its revenue mix in the past three years as it reduces reliance on energy. Mubadala, a strategic investment company owned by the Abu Dhabi Government, yesterday reported a 22 per cent rise in revenues last year to Dh16 billion (US$4.35bn), due largely to the maturation of a range of non-hydrocarbon businesses it played a critical role in starting.
Those companies include Emirates Aluminum (Emal), an aluminium maker it built in partnership with Dubai’s Dubal……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

A sizeable cash injection into Kuwait’s property sector from Kuwait Investment Authority (KIA) will provide a boost to shares in the country’s biggest developers. KIA will pump US$3.6 billion into the local commercial property market as the Gulf state’s sovereign wealth fund looks to benefit from plunging prices.
It is also an attempt to bolster the struggling sector, which has faced similar restructuring issues to Dubai’s market……………………………………….Full Article: Source

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

Posted on 25 March 2011 by VRS |  Email |Print

Alternatives have enjoyed heightened popularity among institutional investors. According to a recent report by Preqin, sovereign wealth fund assets have swelled 11% in the past 12 months to about $4 trillion, fueled largely by intensified alternative investment programs.
“Following global economic stabilization, many sovereign wealth funds that had delayed plans to diversify their holdings as a result of the economic downturn have now resumed these plans,” Sam Meakin, Managing Editor of the 2011 Preqin Sovereign Wealth Fund Review, said in a release……………………………………….Full Article: Source

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

See more articles in the archive

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930