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Sovereign Wealth Funds Briefing 16.Sep 2011

Posted on 16 September 2011 by VRS |  Email |Print

Lou JiweiChina’s sovereign investment fund could take a stake of up to 20 percent in Italy’s strategic investment fund, Italian daily Il Messaggero said in an unsourced report on Thursday.

The China Investment Corporation could take 10-20 percent in Italy’s strategic fund, which is being set up by the state-controlled holding Cassa Depositi e Prestiti SpA, it said……………………………………….Full Article: Source

Posted on 16 September 2011 by VRS |  Email |Print

China is willing to buy euro bonds from countries involved in the sovereign debt crisis “within its capacity,” Zhang Xiaoqiang, vice chairman of the nation’s top economic planning agency, said.

China is prepared to offer assistance, Zhang said at the World Economic Forum in Dalian in a reiteration of comments Premier Wen Jiabao made……………………………………….Full Article: Source

Posted on 16 September 2011 by VRS |  Email |Print

Caution is needed when investing in euro-zone debt, Shi Chenggang, deputy risk management director of China Investment Corporation said Thursday.

Speaking at a derivatives forum in Beijing, Shi said investments in the troubled euro-zone countries should be made “very cautiously.” He did not elaborate. Shi said this was his personal view, and doesn’t reflect the opinions of CIC, the nation’s sovereign wealth fund……………………………………….Full Article: Source

Posted on 16 September 2011 by VRS |  Email |Print

China’s sovereign wealth fund, China Investment Corporation, has been in talks with Italy but is more interested in buying key industrial and strategic assets.
CIC’s chief, Lou Jiwei, came under harsh attack in China for losses on US investments after the Lehman crisis. He is unlikely to risk his career a second time by taking a gamble on Italian or Spanish debt……………………………………….Full Article: Source

Posted on 16 September 2011 by VRS |  Email |Print

The Russian Direct Investment Fund (RDIF), a $10 billion Kremlin initiative, is fully staffed up and ready to do deals just three months after it was created, CEO Kirill Dmitriev told Reuters.

The RDIF, which seeks to co-invest with private-equity, sovereign wealth funds and strategic investors, should start to execute on a pipeline of deals over the next couple of months, Dmitriev told the Reuters Russia Investment Summit……………………………………….Full Article: Source

Posted on 16 September 2011 by VRS |  Email |Print

Temasek Holdings Pte and Kuwait Investment Authority are among early investors who agreed to buy $900 million of stock in Citic Securities Co.’s initial share sale in Hong Kong, two people with knowledge of the matter said.

The Singaporean state-owned investment firm will invest $150 million in the offering, while the Kuwaiti sovereign wealth fund is putting in $200 million, said the people, who declined to be identified as the process is confidential……………………………………….Full Article: Source

Posted on 16 September 2011 by VRS |  Email |Print

The traditionally secretive Abu Dhabi Investment Authority (ADIA) has opened up a bit, releasing its yearly statement of what is perceived to be the world’s largest sovereign wealth fund.

Spurred by global economic growth, the fund revealed that annualised rate of return increased to 7.6%, compared with 6.5% in 2009……………………………………….Full Article: Source

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