Fri, Aug 29, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 20.May 2011

Posted on 20 May 2011 by VRS |  Email |Print

Jin LiqunAn executive with China Investment Corp., the country’s sovereign wealth fund, said that he doesn’t see a need for the country to set up any new foreign exchange-reserve investment funds, Caixin Media reported Friday on its website.
Jin Liqun, chairman of CIC’s board of supervisors, said in a speech in Washington D.C that CIC has covering most investment sectors and has done a good job with its investments, Caixin reported……………………………………….Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

Stephen ForshawThe new Cabinet will be sworn in tomorrow. This marks the start of a new term of the Government in Singapore. Accordingly, all reserves built up by Temasek Holdings, up to and including today, will be protected as Temasek’s past reserves.
We take this opportunity to share the following additional background facts with the public……………………………………….Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

The head of Malaysia’s government investment arm Khazanah Nasional has defended its purchase of Singapore hospital operator, Parkway Holdings last year.
The sovereign wealth fund outbid India’s Fortis Healthcare and ended up paying $2.6 billion for the 76.1 percent stake it didn’t already own. “For something like healthcare, the circumstances were that we had to defend our assets in Parkway,” Azman Mokhtar said……………………………………….Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

The focus on SWFs is important because it is one of the most important and prominent pieces of the global financial jigsaw. Ignored just a few years ago, these funds from countries such as Abu Dhabi, China and Norway control trillions of dollars of wealth, and yet to date, Britain has not had a team of officials responsible for engaging with them.
Boyd’s appointment, on which UKTI declined to comment tonight, is also significant because it comes during a period of change for the trade promotion body……………………………………….Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

United Chemical Co., a unit of Kazakhstan’s sovereign wealth fund, may borrow about $3 billion from banks next year as the nation seeks to boost exports of refined oil and gas products.
The chemicals producer may tap banks including HSBC Holdings Plc (HSBA) to help attract project-financing loans, Chief Executive Officer Dauren Yerdebai said………………………………………Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

Sovereign-wealth funds from Singapore and Kuwait have submitted indications of interest in the $9 billion stock offering by American International Group Inc. and the U.S. Treasury, according to people familiar with matter.
The indications by the Government of Singapore Investment Corp., known as GIC, and the Kuwait Investment Authority, or KIA, were conveyed before the start of a 10-day roadshow promoting that offering, one of the people said. The indications aren’t binding……………………………………….Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

The bill (Sovereign Investment Authority Bill), was earlier passed by the Senate on May 11 at its plenary session. The authority, when established, would receive, manage and invest in diversified portfolio of medium and long-term ventures of the federal, state and local governments.
Rep. Itah Enang (PDP-Akwa-Ibom) while addressing newsmen after the session, expressed opposition to the idea of setting up the Fund, using funds of all three tiers of government……………………………………….Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

KCIC shareholders today approved the company’s financial results for the year 2010, which stood at KD4.6m in net profit with an earning of 5.8 fils per share, at the company’s Annual General Meeting that was held at its headquarters in Kuwait City.
Key shareholders include The Kuwait Investment Authority, the Sovereign Wealth Fund of Kuwait, National Investment Company, one of the leading investment banks in the Middle East, and Al Ghanim Industries, one of the largest conglomerates in the Middle East……………………………………….Full Article: Source

Posted on 20 May 2011 by VRS |  Email |Print

The massive build-up of foreign exchange reserves in emerging markets is clearly leading to domestic problems. This rapid accumulation of largely U.S. dollar assets – part of an effort to control the pace of currency appreciation and protect export sectors – is coming even at the expense of growth in domestic demand, according to Joseph Lupton, senior global economist at J.P. Morgan.
“By any metric, the continued surge in emerging market foreign exchange reserves is well above what could be called precautionary,” he said in a recent report……………………………………….Full Article: Source

See more articles in the archive

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031