Sat, Oct 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 12.May 2011

Posted on 12 May 2011 by VRS |  Email |Print

A sovereign wealth fund may be needed to manage proceeds of budget moves to shore up the government bond market. The government has guaranteed the bond market will not be allowed to shrink below its present size of 12-14 per cent of GDP when the budget returns to surplus.
Government bonds worth $161 billion are on issue now, and the figure will rise to about $200bn by the end of 2011-12……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

The chairman of Chinese sovereign wealth fund China Investment Corp. said Wednesday he supports greater transparency from sovereign wealth funds worldwide, with some caveats. Lou Jiwei was speaking in Beijing at the International Forum of Sovereign Wealth Funds, a meeting hosted by the Chinese fund. A summary of his remarks was released by CIC.
“We support sovereign wealth funds striving to strengthen corporate governance and increase transparency. But it is necessary to recognize that, because of differences between sovereign funds’ goals, methods, debt structure and regulatory environment, it is difficult to make horizontal comparisons of the level of transparency,” he said……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

An investment company wholly owned by Temasek last night sought to sell its entire stake in Chinese property developer Kaisa Group Holdings, taking advantage of a more than doubling in the share price during the past six months.
As of early this morning, the deal was still open, but sources said it was poised to price at the bottom of the offering range since that was where a number of large US orders were coming in. This should allow the Singapore investment company to raise HK$1.19 billion ($153 million)……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

The Government of Singapore Investment Corporation (GIC) will explore bolder ways of investing the country’s foreign reserves, its chairman Lee Kuan Yew said in remarks published yesterday. The 87-year-old former prime minister said the GIC, known in the market for conservative investments, cannot keep following conventional practices as it grows.
“This could lead to mediocrity. GIC must develop the capacity and courage to make the right decisions, thinking in depth and foresight for what works best for us, even if the decisions are at times unconventional,” he said……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

Deputy Minister of Economic Development and Trade Kuandyk Bishimbayev was appointed the Deputy Chairman of the Kazakh National Welfare Fund Samruk-Kazyna, Kazakh Prime Minister Karim Masimov said.
“I have agreed on Bishimbayev’s appointment as the Deputy Chairman of the Kazakh National Welfare Fund,” Masimov wrote on his personal page on Twitter……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

Third meeting of International Forum of Sovereign Wealth Funds (IFSWF) has today kicked off in Beijing. The delegation led by State Oil Fund of Azerbaijan Republic (SOFAZ) Executive Director Shahmar Movsumov is also attending the meeting which will last 3 days.
Note that, The International Forum of Sovereign Wealth Funds (IFSWF) was established by the International Working Group of Sovereign Wealth Funds (IWG), which met in Kuwait City on April 5-6, 2009 (see “Kuwait Declaration”)……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

Qatar’s sovereign wealth fund is likely to buy Ligue 1 football club Paris Saint-Germain, according to reports in French media. Qatar Investment Authority (QIA), which has estimated assets worth $80bn, is in talks to buy the French club for a price of around 50 million euros ($71.9m), sports newspaper L’Equipe said.
It said QIA was set to seal the deal in the summer, which will see Qatar assuming ownership of the club from current majority shareholder Colony Capital within a year……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

The Senate yesterday read for the third time and passed the Sovereign Investment Authority Bill with a seed capital of N150 billion for the take off of the Sovereign Wealth Fund.
The legislation creates the Nigeria Sovereign Investment Authority, which will be split into the Nigeria Infrastructure Fund, the Future Generations Fund and the Stabilisation Fund, according to a draft of the bill. Each component will represent at least 20 per cent of the total……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

The senate on Wednesday, passed the Nigeria Sovereign Investment Authority bill, with an approval that it be jump started with the Naira equivalence of $1 billion.
The start-up capital is to be contributed by the three tiers of government including the federal capital territory, each contributing a percentage of the initial fund equal to such government’s share of the federation revenue in accordance with the subsisting formula……………………………………….Full Article: Source

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

Posted on 12 May 2011 by VRS |  Email |Print

Indonesia’s foreign exchange reserves have surpassed the US$115 billion mark, the highest amount ever, Bank Indonesia (BI) says. BI Governor Darmin Nasution announced Wednesday that forex reserves stood at US$115.8 billion as of May 6, which he said was “very sufficient to tackle speculation and risks of capital outflows”.
This amount compares to the year-end foreign currency reserves in 2010 that amounted to $96.2 billion, representing a $19.6 billion increase (about 20 percent) in the first five months of 2011……………………………………….Full Article: Source

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

See more articles in the archive

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031