Thu, Aug 28, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 12.Jan 2012

Posted on 12 January 2012 by VRS |  Email |Print

Su Shan TanDBS Group Holdings Ltd. (DBS) will announce a tie-up with a sovereign wealth fund for a private equity product that will be available to its private banking clients, said Su Shan Tan, head of wealth management at the bank.
She did not give the name of the state fund. Temasek Holdings Pte, Singapore’s state-owned investment company, is the bank’s biggest shareholder with a 27 percent stake, according to data compiled by Bloomberg………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

Rafik NayedLibya’s interim government has approved the appointment of a board of trustees for the $65 billion Libyan Investment Authority (LIA), the state news agency reported on Wednesday, paving the way for appointing new management for the fund.
“The cabinet approved the appointment of the board of trustees of the Libyan Authority,” the agency said, without giving more details………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

The Senate (upper house of Kazakhstan parliament) passed a law that increases the autonomy of the National Welfare Fund, Samruk-Kazina, Vice Minister of Economic Development and Trade Marat Kusainov said.
Kusainov noted that the law introduces principles of corporate governance in the Samur-Kazina group of companies and provides the provision of funds and organisations, which is part of the fund, giving them the ability to make decisions on current issues of economic activity………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

The Samruk-Kazyna National Welfare Fund will reconsider the principles of corporate governance in its companies. From now on, the fund will be able to make decisions on current issues at its own discretion and the intervention of state agencies in its activities will be limited.
The senate has passed a law On the National Welfare Fund. It is mainly aimed at expanding managerial authority of Samruk-Kazyna in the post-crisis period, which requires independence, flexibility and efficiency………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

The State Oil Fund of Azerbaijan (SOFAZ) has drawn Belgium’s NV Besix S.A. to construction of its new residence at 6th Poperechnaya Street in Nizami district of Baku.
The SOFAZ reports that a contract for AZN 84.916 million was signed in late December with the tender winner contractor. The site for the new office was transferred to the Fund by Order #367s of the Cabinet Ministers on 29 December 2009………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

De Brauw has advised China Investment Corporation (CIC), China’s sovereign wealth fund, on the EUR 2.3 billion acquisition of a 30% stake in GDF Suez’s global exploration and production division, GDF Suez E&P. GDF Suez E&P has a substantial number of subsidiaries in the Netherlands, which own the group’s Dutch assets (including resources in the North Sea) and all form part of the transaction.
Additionally, the group’s international operations are largely structured through Dutch holding structures………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

Korea Investment Corporation, Korea’s sovereign wealth fund, suffered a net loss of 3.3 percent in terms of average yield last year, hurt by the turmoil in the global financial market and a massive loss linked to its investment in Merrill Lynch, industry sources said Wednesday.
The main culprit for the deeper loss is KIC’s poor stock investment, particularly concerning its holdings in Merrill Lynch. In early 2008, KIC bought $2 billion worth of Merrill Lynch shares, but the U.S. firm was later taken over by Bank of America in the aftermath of the subprime mortgage crisis. As a result, KIC came to own 69 million shares in BoA, but due to plunging share prices, the fund’s losses stemming from its stake in BoA are estimated to have reached $1.3 billion………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

The Philippines said on Wednesday it expects investments totaling $1.5 billion from Qatar and Kuwait this year, with investors looking at opportunities in infrastructure, agribusiness, tourism and energy sectors.
Qatar’s sovereign wealth fund was taking a look at the Southeast Asian nation’s agriculture, energy and tourism sectors, Manila’s Trade Undersecretary Cristino Panlilio told Reuters. Panlilio said Qatar’s investment plans may be discussed during a state visit later this month by the Emir of Qatar………………………………………..Full Article: Source

Posted on 12 January 2012 by VRS |  Email |Print

UMW Holdings Bhd (UMW) has no plans to acquire Khazanah Nasional’s 42.7 per cent stake in national automaker Proton, saying ‘it has a lot in its hands already’. Group chairman Tan Sri Asmat Kamaludin said UMW’s focus was on its present commitments, mainly the partnership with Toyota and Perodua.
“I think we’ve already cleared that UMW is not making any bids. “We at UMW are committed to our partner Toyota in enhancing its business here in Malaysia and making Perodua self-reliant pre- and post-NAP (National Automotive Policy)………………………………………..Full Article: Source

See more articles in the archive

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031