Sun, Dec 21, 2014
A A A
Welcome preal121
RSS
Sovereign Wealth Funds Briefing 22.Sep 2011

Posted on 22 September 2011 by VRS |  Email |Print

Chinese sovereign funds such as Safe Investment Company and CIC should consider dumping and even shorting US retail stocks during US economic downturns, if they want to adopt an integrated asset and liability management process when making investment decisions, according to a new paper by the Edhec-Risk Institute
The Edhec-Risk Institute in Singapore has recommended that Chinese sovereign entities hold no exposure to the stocks of US retail companies or that they short such stocks to hedge against appreciation of the renminbi as well as hedging a fall in US consumer demand……………………………………….Full Article: Source

Posted on 22 September 2011 by VRS |  Email |Print

Chinese Investment Corporation, a $200-billion state-owned sovereign fund, is said to be in talks with Richard Branson’s Virgin Money to partly bankroll the UK financial institution’s bid to acquire Northern Rock, a British bank taken over by the government there in 2008.
If the deal between CIC and Virgin Money is agreed, it will be the first major investment from China in the British banking sector. CIC will also be joining a group of investors — they include US private equity firms Carlyle and General Atlantic Partners and the Universities Superannuation Scheme, Britain’s second-biggest pension fund — which have agreed to part-fund Virgin Money’s retail banking expansion in the UK……………………………………….Full Article: Source

Posted on 22 September 2011 by VRS |  Email |Print

The Government of Singapore Investment Corporation (GIC), the largest shareholder of Swiss bank UBS, has expressed “disappointment” to the bank’s board over the lapses relating to the recent 2.3 billion U.S. dollars loss from unauthorized trading.
Local daily the Business Times said in a report on Wednesday that the senior management of UBS, including chief executive officer Oswald Gruebel, met with representatives of GIC on Tuesday……………………………………….Full Article: Source

Posted on 22 September 2011 by VRS |  Email |Print

Swiss banking giant UBS began a meeting of its board in Singapore on Wednesday as it faces increasing pressure from shareholders after being hit by a $2.3 billion rogue-trading scandal. On the eve of the meeting the Government of Singapore Investment Corp (GIC), UBS’ biggest shareholder, issued a rare public rebuke of the bank for lapses that led to the losses.
“GIC expressed disappointment and concern at the lapses and urged UBS to take firm action to restore confidence in the bank,” the cash-rich sovereign wealth fund said in a statement Tuesday. “GIC sought details of how UBS is tightening the control environment and looks forward to the conclusions of on-going investigations.”………………………………………Full Article: Source

Posted on 22 September 2011 by VRS |  Email |Print

A unit of Singapore’s state investment arm, Temasek Holdings, has sold its 23 per cent stake in Indonesian petrochemical maker Chandra Asri Petrochemical to Thailand’s largest industrial conglomerate for about $318m, another sign of the race for petrochem assets in the region.
Siam Cement, through its wholly-owned unit SCG Chemicals, will buy the 23 per cent stake held by Apleton Investments, as well as an additional 7 per cent, valued at $99m, from Barito Pacific, the majority shareholder in Chandra Asri. The deal is expected to be completed by the end of the month……………………………………….Full Article: Source

Posted on 22 September 2011 by VRS |  Email |Print

Al Faisal Holding Company, one of Qatar’s largest conglomerates, said on Wednesday it was behind the purchase of a top London hotel.The deal marks the latest in a series of investments in British assets by Qatari buyers. The Gulf state’s wealth fund counts luxury London department store Harrods and stakes in Barclays, retailer J Sainsbury’s and the London Stock Exchange among its investments.
Qatari Diar, Qatar Investment Authority’s property arm, in August announced it had won a bid to buy London’s Olympic Village in a £557m in a joint deal with the UK developer Delancey……………………………………….Full Article: Source

Posted on 22 September 2011 by VRS |  Email |Print

Norges Bank Investment Management (NBIM), a fund controlled by the Central Bank of Norway, is the buyer of several share packages of Bank of Cyprus that have been transferring since last Thursday, according to reliable information.
The same sources note that NBIM has acquired a stake of 1.1% of the bank. The Central Bank of Norway had proceeded with the establishment of asset management sector in order to manage assets of government pension funds and foreign exchange reserves……………………………………….Full Article: Source

Posted on 22 September 2011 by VRS |  Email |Print

The hallways of the Alaska Permanent Fund Corporation’s (APFC) office are lined with framed photographs of the fund’s real estate holdings across the country - Tysons Corner Center in Virginia, North Bridge in Chicago, Independence Plaza in Denver. In executive director Michael Burn’s office, wall clocks are set to New York time, London time, Tokyo time and Alaska time.
When Wall Street opens, the fund’s portfolio managers are at their desks, six different computer screens up and running. At the heart of the building, backup upon backup in the server room keeps operations alive no matter what happens outside……………………………………….Full Article: Source

See more articles in the archive

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031