Tue, Sep 16, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 10.Aug 2011

Posted on 10 August 2011 by VRS |  Email |Print

David MurrayThe chairman of Australia’s Future Fund David Murray has warned that volatility on global financial markets could run for up to 20 years.
Murray confirmed the $75 billion sovereign wealth fund was taking a defensive investment stance in the face of global economic turmoil and rejected suggestions it was a buying opportunity……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

Australia’s $75 billion sovereign wealth Future Fund is pursuing a conservative strategy in the face of global economic turmoil, the fund’s chairman David Murray said.
“At the moment our portfolio is more defensively positioned that aggressively positioned,” Murray told Australian radio, noting that the fund did not react daily to developments since it was not a “trading shop”……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

The Future Fund has emerged as one of the lenders to CVC Asia Pacific’s Nine Entertainment, which is trying to refinance its $3.6 billion debt pile.
The Future Fund’s exposure is thought to be more than $30 million, with the fund holding Nine debt in its own name as well as through investments in hedge funds including Oaktree and Och-Ziff……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

Although the Government of Singapore Investment Corporation (GIC) is bigger, Temasek is arguably better known in the financial world.
Temasek (it derives from the old Javanese word for “sea town”) caused a stir when it appeared to “call” the market in the Chinese financial sector, selling stakes in two of China’s biggest banks - sending a shiver through world markets early last month……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

French utility GDF Suez’s board gave the green light for an alliance with China’s sovereign wealth fund that will help it expand in the booming Asia-Pacific region, a board member told Reuters on Tuesday.
The deal will see China Investment Corp (CIC) pay 2.3 billion euros ($3.2 billion) for a 30 percent stake in GDF’s exploration and production business, the board member said……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

China Investment Corp. (CIC), the country’s sovereign wealth fund, is close to sealing a deal with French energy group GDF Suez, purchasing a 30-percent stake in the latter’s exploration and production business, China Business News reported Tuesday.
French newspaper Les Echos reported Monday that the transaction would cost CIC 2 to 3 billion euros……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

French energy group GDF Suez was on Tuesday set to sign an alliance with Chinese sovereign wealth fund CIC, sources close to the deal said. China Investment Corporation was expected to take a 30 percent stake in the French company’s exploration and production arm in an agreement reportedly worth between two and three billion euros ($3-4 billion).
The companies were set to sign the deal Tuesday before making an official announcement on Wednesday when GDF Suez publishes its half-year results……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

The levy collected on diesel by the state Oil Fund will increase by 90 satang today to 2.80 baht per litre, in line with the decline in global oil prices which have fallen more than US$5 per barrel over the past week.
The change has no impact on the retail price of diesel, which remains capped at 29.99 baht a litre, but oil traders will receive smaller margins after enjoying a windfall for the past few days……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

Dubai Investments, the largest investment company listed on the Dubai Financial Market, reported a 30 per cent drop in profits for the second quarter.
Dubai’s sovereign wealth fund, Investment Corporation of Dubai (ICD), owns an 11.5 per cent stake in Dubai Investments. ICD, which owns stakes in companies including Emirates Group, yesterday said it would repay in full $4bn of loans that mature this month rather than opt for refinancing……………………………………….Full Article: Source

Posted on 10 August 2011 by VRS |  Email |Print

Goldman Sachs Group Inc. said U.S. securities regulators are investigating whether the securities firm broke bribery laws.
Libya’s sovereign-wealth fund planned to pass along the $50 million from Goldman to an outside adviser called Palladyne International Asset Management BV. At the time, Palladyne was run by the son-in-law of the head of Libya’s state-owned oil company, according to internal documents reviewed by the Journal……………………………………….Full Article: Source

See more articles in the archive

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930