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Sovereign Wealth Funds Briefing 03.Aug 2011

Posted on 03 August 2011 by VRS |  Email |Print

National economic woes aside, the Alaska Permanent Fund saw a 20.6 percent return for fiscal year 2011, for a value of $40.1 billion, the third highest return in the fund’s history, according to unaudited figures.
This marks the first year-end close over $40 billion in the fund’s history, and the first time the return has reached over 20 percent since 1986, said Michael Burns, chief executive officer……………………………………….Full Article: Source

Posted on 03 August 2011 by VRS |  Email |Print

The Chinese Government has voted $5billion for investments in Africa, Vice- President of the China-Africa Development Fund, Hu Zhirong has disclosed.
Speaking when he led a six-man delegation on a courtesy visit to the Director-General of the Bureau of Public Enterprises (BPE), Ms Bolanle Onagoruwa, in her office in Abuja last Friday, the Vice-President said the private equity fund would be administered by the China-Africa Development Fund……………………………………….Full Article: Source

Posted on 03 August 2011 by VRS |  Email |Print

Government plans to limit foreign investment in the bid for a 15% stake in Hynix Semiconductor Inc. may affect STX Group’s plans with a Middle East sovereign-wealth fund to buy the chip maker, the Seoul Economic Daily reported Tuesday.
“As Hynix is a very important high-tech company (for the national industry), we (the government) asked creditor banks and lead managers to set up safety measures to prevent technology leaks,” the paper quoted a government official as saying……………………………………….Full Article: Source

Posted on 03 August 2011 by VRS |  Email |Print

In partnership with Singapore sovereign wealth fund GIC, Colonial First State has started construction of Emporium Melbourne, the department centre that will replace the old Myer Lonsdale Street store.
”We have long-term confidence in retail, which is a very cyclical business. Colonial and GIC are both long-term investors in real estate,” said Colonial First State managing director of property Darren Steinberg……………………………………….Full Article: Source

Posted on 03 August 2011 by VRS |  Email |Print

The property joint venture between the NOK3.1trn (€401bn) Norwegian Government Pension Fund Global and the Crown Estate has acquired two mixed office/retail assets off London’s Regent Street for £28m (€31.8m).
The Regent Street Partnership acquired one of the assets, in Maddox Street, from a pension fund client of Aberdeen Asset Management in a deal worth £23m. Aberdeen today declined to give details of the seller……………………………………….Full Article: Source

Posted on 03 August 2011 by VRS |  Email |Print

Gulf Corporation Council (GCC) markets have been reacting to global events over the last few weeks, experiencing some added volatility as a result of the U.S. debt threat. And what about the region’s sovereign wealth funds? Most don’t disclose their holdings, but there is a belief that some GCC markets are exposed to U.S. Treasurys and thus might be impacted if the U.S. credit rating is downgraded.
“One of the only Gulf sovereign wealth funds that we have some visibility on is SAMA in Saudi Arabia. Back in late 2008, at the height of the financial crisis, they were bragging about how they were prudently, “almost fully” invested in US Treasurys………………………………………Full Article: Source

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