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Sovereign Wealth Funds Briefing 19.Jul 2011

Posted on 19 July 2011 by VRS |  Email |Print

Charles Ong and Nasser Ahmad, co-chief executive officers of Seatown Holdings, are leaving the hedge fund set up by Singapore’s Temasek Holdings, people familiar with the situation said.
Mr. Ong is returning to the Singapore state-owned investment firm in a senior position, and Mr. Ahmad is exploring a number of options, the people said……………………………………….Full Article: Source

Posted on 19 July 2011 by VRS |  Email |Print

Nasser Ahmad, a Wall Street credit specialist who led a S$4 billion ($3.2) multi-strategy investment firm set up by Singapore state investor Temasek, is leaving the company, sources with knowledge of the move said on Monday.
The former Credit Suisse banker, who was hired more than a year ago as co-CEO of Seatown Holdings, is leaving and looking for other options, one of the sources told Reuters……………………………………….Full Article: Source

Posted on 19 July 2011 by VRS |  Email |Print

Agricultural Bank of China Ltd. rose to the highest in almost two weeks in Hong Kong after the July 16 expiry of a lockup period for shares held by some of its biggest investors didn’t immediately lead to a sell-down.
A 12-month lockup period on 22 percent of Agricultural Bank’s Hong Kong-listed shares, valued at about HK$28 billion ($3.6 billion) and held by Qatar’s sovereign wealth fund, expired last week. Similar restrictions on stakes in the Beijing-based bank that are owned by Kuwait Investment Authority and Standard Charted Plc also ended……………………………………….Full Article: Source

Posted on 19 July 2011 by VRS |  Email |Print

Norway’s sovereign wealth fund has boosted its stake in Irish building materials firm CRH. It has acquired an additional 426,000 shares to bring its total holding to 21.54 million shares in the company.
It represents just over 3pc of CRH’s outstanding share capital……………………………………….Full Article: Source

Posted on 19 July 2011 by VRS |  Email |Print

The dramatic increase in global equity investing by Chinese and South Korean sovereign wealth funds (SWFs) over the past two years has been mainly driven by hired external investment advisers, according to a research study just completed by LS Global Advisory Group, a leading global market intelligence and shareholder identification service provider.
In-house managed equity portfolios have not increased significantly during the period, the study revealed. The SWFs, seeking to capture gains in developed and developing equity markets, are hiring specific types of investment advisers depending on the particular country they are investing in……………………………………….Full Article: Source

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