Thu, Jul 31, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 30.Sep 2011

Posted on 30 September 2011 by VRS |  Email |Print

Ahmad Mohamed Al-SayedThe head of Qatar’s $100 billion sovereign wealth fund said Greece’s debt crisis was Europe’s worst in decades, telling a German newspaper Handelsblatt the outlook precluded making long-term investment decisions.
“Currently, we can only act with a view to the short term, longer term forecasts cannot be maintained in view of the insecure situation in Europe and the United States,” Qatar Holding chief executive Ahmad Mohamed Al-Sayed was quoted as saying in an interview……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Qatar Holding LLC sees potential to increase investments in Europe, including Greece, Tagesspiegel reported, citing an interview with Chief Executive Officer Ahmad Mohamed Al-Sayed.
The foreign investment arm of the Gulf country’s sovereign wealth fund regards many German companies as undervalued and is open for new partnerships, the newspaper said. Al-Sayed urged European politicians to resolve the region’s debt crisis quickly, Tagesspiegel reported……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

China cannot give financial assistance to the heavily indebted euro zone countries without seeing a clear picture of solutions to sovereign debt problems, chairman of the country’s sovereign wealth fund said on Thursday.
Jin Liqun, chairman of the board of supervisors at China Investment Corporation, also urged Europe to recognise China’s market status……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Norway’s $524 billion sovereign-wealth fund has so far shielded the country from the worst of Europe’s debt crisis. Still, adding to bank industry stresses as household indebtedness soars to the highest in more than two decades may stall recovery prospects. The central bank estimates consumer burdens will grow to more than 204 percent of disposable income next year, the highest since at least 1988.
Norway in the early 1990s seized control of its biggest banks, in part because of a real estate slump that followed a surge in lending growth triggered by deregulation in the 1980s……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Singapore state investor Temasek Holdings said on Friday that its India head, Manish Kejriwal, has decided to step down to explore the creation of a new fund in India, the latest in a series of changes in the investment firm’s management.
The fund will not be capitalized by Temasek, a source familiar with the matter told Reuters. “Manish is doing his own thing,” the source said……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Three Indian private equity executives belonging to two of the top global investment firms are on their way out from their present organisations to raise a fund of their own. Manish Kejriwal, who is heading India, Africa & Middle East operations at Temasek Holdings, the Singapore-government owned sovereign wealth fund, is quitting the firm.
Stephen Forshaw, Managing Director Corporate Affairs, Temasek, confirmed the development: “Manish Kejriwal has decided to step down as Head of Temasek India, in order to explore a new fund platform in India. He will continue to support Temasek in an advisory capacity.”………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Citic Capital, owned by China sovereign wealth fund CIC and the state-backed conglomerate Citic Group, has a Japan fund and an international co-investment fund. The firm has done five deals in Japan and is closing in on a seventh deal in the United States.
In addition to seeking deals that they and Chinese corporations can take part in, the cross-border push of Chinese firms such as Hony, Citic and CDH has another motive: attracting overseas investors into their funds……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Japan should set up a sovereign-wealth fund to fight the high yen, and sell as many government assets as possible to reduce reliance on tax increases to fund quake reconstruction, the ruling party’s policy chief said Wednesday.
“We would like to consider a national fund, or a so-called sovereign-wealth fund,” Seiji Maehara said in an interview, adding that Prime Minister Yoshihiko Noda said he would examine the idea……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

The New Zealand Superannuation Fund has posted a loss of $1.67 billion in July and August, citing a tough two months on world share markets. The slump follows a golden year for the Super Fund that saw it rise 25 per cent in the year to June to reach a peak of $19.03b.
The fund fell 2.81 per cent in July and 5.04 per cent in August, ending up at $17.36b on August 31 - an overall loss of 7.71 per cent for the financial year to date……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Negotiations between the Federal Government and the 36 state governors on the implementation of the Sovereign Wealth Fund, SWF have been deadlocked.
The meeting, held at the Rivers State Governor’s Lodge, Asokoro, Abuja, under the aegis of Nigeria Governors’ Forum, failed to reach an agreement with the Federal Government on modalities for the implementation of the SWF……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

The Federal Government has failed to convince the 36 state governors on the need for them to support the Sovereign Wealth Fund. The two parties, which held a meeting that ran into the late hours of Wednesday in Abuja, stuck to their positions.
Our correspondent gathered that the Federal Government team to the meeting led by the Minister of Finance, Mrs. Ngozi Okonjo-Iweala, tried to persuade the governors to change their opposition to the SWF……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

The Nigeria Governors’ Forum (NGF) Wednesday held a meeting to take a final decision on the Sovereign Wealth Fund (SWF), Excess Crude Proceeds, security challenges and the implementation of the Minimum Wage Act in the country.
As at press time, the meeting which was still going on was expected to take a final decision on the controversial SWF and weigh the option of seeking redress at the Supreme Court to determine its constitutionality……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Former Lagos State Governor, Asiwaji Bola Tinubu said on Thursday that the Sovereign Wealth Fund was illegal and unconstitutional.
He therefore urged governors across the country not to support the creation of the fund. Tinubu claimed the creation and maintenance of the SWF was a ploy by those in power to steal money……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

The nest egg of the province — the Alberta Heritage Savings Trust Fund — has been hit by economic turbulence in world markets and will show a loss in value in the government’s next fiscal update, says Finance Minister Lloyd Snelgrove.
“I do know that there will be losses or writedowns in the Heritage Savings Trust Fund,” said Snelgrove, speaking at the Alberta Urban Municipalities Association conference in Calgary on Thursday……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Sovereign wealth funds may soon be shifting out of equities toward alternative investments such as infrastructure and property.
“Ten-year returns on government bonds have been generally superior to those of public equities. However, these returns have been driven by large falls in bond yields,” Patrick Thomson, Global Head of Sovereign Wealth at J.P. Morgan Asset Management, said in a statement. “This fall in prospective government bond returns, combined with continued sovereign credit crisis and the ongoing volatility in equity markets, has encouraged many sovereigns to take a fresh look at the way they invest.”………………………………………Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Sovereign wealth funds (SWFs) may be shifting toward alternative investments such as infrastructure and property as they reconsider their investment strategies after a decade of equity underperformance against low-yielding fixed income.
That means the US$4-trillion (S$5.2-trillion) sector is unlikely to play white knight to hobbled euro zone banks as it did in 2008, when state-owned investment vehicles ploughed US$80 billion into troubled Western lenders……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

Posted on 30 September 2011 by VRS |  Email |Print

Sovereign Wealth Funds (SWFs) emerged as saviours of global finance during the 2007-2009 financial crisis with their massive investments in the financial sector, and some euro zone politicians may be hoping that they will again ride to the rescue.
But so far surplus-rich nations that own SWFs have been non-committal, instead preferring to stay on the sidelines to see how events play out. Australia’s $76-billion SWF said last week it has increased its allocation to cash due to the market turmoil and will wait to see how events play out before putting the money back to work……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

See more articles in the archive

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031