Sun, Apr 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 02.Jun 2011

Posted on 02 June 2011 by VRS |  Email |Print

Australand Property Group , which is part owned by Singapore’s CapitaLand , said on Wednesday it has set up a logistics joint venture with Singapore sovereign fund GIC. The venture has a target investment size of A$450 million.
The joint venture will initially invest in a portfolio of eight prime industrial assets that will come from Australand, with a total value on completion of A$220 million, Australand said……………………………………….Full Article: Source

Posted on 02 June 2011 by VRS |  Email |Print

Kevin RuddAustralia’s Future Fund last month dropped a raft of cluster bomb and landmine producers from its investment portfolio. But stock listings obtained through freedom of information laws have shown that 15 companies involved in the manufacture of nuclear weapons – devices of far greater destructive potential – are still in the mix.
The International Campaign to Abolish Nuclear Weapons has revealed that the Future Fund’s investments in nuclear weapons companies up to April 2011 totalled $135.4 million……………………………………….Full Article: Source

Posted on 02 June 2011 by VRS |  Email |Print

In April, Malcolm Turnbull stepped outside of his portfolio and joined the likes of bank bosses Ralph Norris (Commonwealth Bank) and Mike Smith (ANZ), the International Monetary Fund, and the Organisation for Economic Co-operation and Development in suggesting we establish a sovereign wealth fund to save money coming from the boom for future generations.
In Norway, the wealth created by the North Sea oil fields saw the government create a sovereign wealth fund in 1990. That fund now has more than $US525 billion ($488bn) of public funds and is expected to be worth $1263bn by 2030. As the oil resources are depleted and the profits slow down, the country maintains its incredible wealth that will benefit its mere five million citizens far more than sporadic tax cuts ever could……………………………………….Full Article: Source

Posted on 02 June 2011 by VRS |  Email |Print

Khazanah Nasional Bhd, Malaysia’s sovereign investment company, is supportive of CIMB Group Holdings Bhd merging with RHB Capital Bhd. if it creates value, Managing Director Azman Mokhtar told reporters in Kuala Lumpur.
Khazanah is CIMB’s biggest shareholder with a 28.6 per cent stake, according to data compiled by Bloomberg. CIMB yesterday said it had central bank approval to begin preliminary talks on a possible merger with RHB………………………………………Full Article: Source

Posted on 02 June 2011 by VRS |  Email |Print

Bungling bankers at Goldman Sachs accidentally cost Libyan tyrant Colonel Gaddafi’s brutal regime more than $1bn, it has emerged. Libya’s sovereign wealth fund handed the Wall Street bank $1.3bn (£790m) in 2008 to invest as it saw fit.
But Goldman subsequently squandered 98% of the money on doomed investments in bank shares and currency, sparking a furious response from the despot’s officials……………………………………….Full Article: Source

Posted on 02 June 2011 by VRS |  Email |Print

Goldman Sachs came along and accepted $1.3 billion of Libya’s money (through Libyan Investment Authority) and promptly squandered 98% of it, according to the Wall Street Journal. This is not typical behavior for the investment bank.
They are not losers; they always make their money. One has to wonder if it were not some clever ruse to destabilize Gaddafi’s regime financially, either for their own selfish reasons, or under the directive of then current President George W. Bush……………………………………….Full Article: Source

Posted on 02 June 2011 by VRS |  Email |Print

Sovereign funds managed by the Libyan Investment Authority (LIA) are estimated at 70 billion U.S. dollars, soaring to more than 150 when including foreign investment of the Central Bank and other bodies. And they could be even more important. Although lower than that of Saudi Arabia or Kuwait, Libyan sovereign funds are characterized by their rapid growth.
When the LIA was founded in 2006, it had 40 billion dollars. In just five years, it had invested in more than one hundred companies: North African, Asian, European, American and South American, holding companies, banks, real estate, industry, oil companies and others……………………………………….Full Article: Source

Posted on 02 June 2011 by VRS |  Email |Print

Dubai’s biggest debt-raising operation to emerge since the Dubai World financial crisis has just been launched ahead of a September deadline to pay back a US$3.75 billion (Dh13.77bn) loan in three months.
But as the deadline nears, the efforts - believed to have been successful - of the Investment Corporation of Dubai (ICD) to raise $2.8bn in new bank finance has stirred questions in the banking world on how the Government’s investment arm plans to repay the rest……………………………………….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