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Sovereign Wealth Funds Briefing 02.May 2011

Posted on 02 May 2011 by VRS |  Email |Print

Bhaskar ChatterjeeA government panel is considering forming an investment fund bankrolled by state-run companies to help India acquire large natural assets abroad, a government official has said. The committee of secretaries will discuss the composition and size of this fund later this month.
“Yes, we had initially mooted this proposal about giving more financial powers to PSUs for buying assets abroad. It can also take the form of a sovereign wealth fund,” said Department of Public Enterprises secretary Bhaskar Chatterjee……………………………………….Full Article: Source

Posted on 02 May 2011 by VRS |  Email |Print

Peter CostelloThe Australian Greens will continue to pursue the establishment of a sovereign wealth fund, which again has been suggested by the International Monetary Fund (IMF).
In its Regional Economics Outlook for Asia and the Pacific released on Thursday, the IMF again urged the federal government to consider saving some of the revenue generated by higher commodity prices……………………………………….Full Article: Source

Posted on 02 May 2011 by VRS |  Email |Print

Mubadala Development is studying several possible investments in Brazil as its strategy shifts towards emerging markets. Any investments in Brazil’s energy, aluminium, aerospace and agriculture sectors would be the first in Latin America for Mubadala, a strategic investment company owned by the Abu Dhabi Government.
Waleed al Muhairi, the company’s chief operating officer, travelled with a delegation to Brazil last week to discuss Mubadala’s plans there……………………………………….Full Article: Source

Posted on 02 May 2011 by VRS |  Email |Print

A support fund set up to help Dubai’s state-linked entities at the height of its debt crisis can now extend loans to more firms, if needed, according to an official decree. The Dubai Financial Support Fund (DFSF), set up in 2009 to disburse proceeds from a $20 billion sovereign bond program to state-linked firms, can give grant loans and credit facilities to government and non-government entities alike.
The decree was posted on Sheikh Mohammed bin Rashid Al-Maktoum’s website and is effective from March 17……………………………………….Full Article: Source

Posted on 02 May 2011 by VRS |  Email |Print

Norway’s central bank said it will buy foreign currency for the country’s sovereign wealth fund at a rate of about 300 million Norwegian crowns ($57.05 million) per day in May.
The central bank manages Norway’s $570 billion Government Pension Fund Global, which invests surplus oil wealth to save for a future when the oil and gas run out……………………………………….Full Article: Source

Posted on 02 May 2011 by VRS |  Email |Print

Alaska Permanent Fund has appointed two new managers for an $820 million mandate, Pensions & Investments reports. Capital Guardian and PIMCO will run the multi-asset emerging markets strategy.
The managers will have discretion across risk factors and asset class, targeting an 800-basis-point real rate of return over a five-year period. The $41 billion sovereign wealth fund will reduce its global credit and global equity mandates to fund the new strategy……………………………………….Full Article: Source

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