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Sovereign Wealth Funds Briefing 13.Jan 2012

Posted on 13 January 2012 by VRS |  Email |Print

Sovereign wealth fund Korea Investment Corp. said Friday it has acquired a license to invest in Chinese securities, paving the way for the firm to further diversify its portfolio through purchases of Chinese Class A shares and bonds as early as this year.
A KIC official said the fund has received its Qualified Foreign Institutional Investor license and is waiting for the Chinese authorities to set its investment quota………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

South Korea’s sovereign wealth fund has received qualified investor status from China, opening the door for investment in its stock markets, the finance ministry said Friday.
Korea Investment Corp. (KIC) received the status of “qualified foreign institutional investor” (QFII) from the China Securities Regulatory Commission, according to the ministry. Under the Chinese law, a foreign investor should obtain the QFII status to directly invest in its mainland stock markets………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

The Philippines said it expects investments totalling $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 said. Panlilio said Qatar’s investment plans may be discussed during a state visit later this month by the Amir of Qatar………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

Some of the €5.3bn remaining in the National Pension Reserve Fund can be used to be buy direct stakes in Irish companies, the NTMA has decided.
The agency has begun recruiting corporate finance advisers to identify investment opportunities and while most of the funding is likely to be invested via specialist funds, the NTMA has decided direct investments may also be considered………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

Kazakhstan’s National Wellbeing Fund Samruk-Kazyna denied a report in Italy’s il Giornale newspaper that it had acquired almost 5 percent of UniCredit SpA, Italy’s biggest bank.
The report that Samruk-Kazyna “acquired a stake in UniCredit SpA is untrue,” fund spokesman Yuriy Cherkasov said by telephone from the Kazakh capital Astana today. Samruk-Kazyna has contacted il Giornale and demanded that the newspaper run a correction, the fund said in a Twitter Inc. posting………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

A top manager at UniCredit said on Thursday the bank was not aware of any foreign sovereign fund being involved in its share price fluctuations since it announced details of a 7.5 billion euros rights issue.
Kazakh sovereign wealth fund Samruk-Kazyna earlier on Thursday denied an unsourced Italian newspaper report that it had purcahsed a stake of around 5 percent in UniCredit………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

The Head of the Kazakh National Welfare Fund Samruk-Kazyna Umirzak Shukeev has been elected as member of the Board of Directors of the National Oil and Gas Company KazMunaiGas and the National Atomic Company Kazatomprom, the Fund reported on Thursday.
Shukeev was appointed as the head of Samruk-Kazyna in December 2011. Prior to this post, he served as First Deputy Prime Minister………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

Holders of Kazakh bank BTA’s Eurobonds said on Thursday they are considering forcing early repayment on BTA’s senior debt if the bank goes into default next week, potentially allowing other creditors to demand repayment of up to $8 billion.
They were speaking to Reuters a day after Anvar Saidenov, chairman of BTA which is 81.5 percent owned by the country’s sovereign wealth fund Samruk-Kazyna, effectively quashed any hope that $160 million in coupons, originally due Jan. 3, would be paid within a 10-day grace period……………………………………….Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

The investment, made by Canada Pension Plan Investment Board (CPPIB) in partnership with private equity, more than tripled in less than two years and marks the clearest sign to date that Canada’s once-staid pension funds have become a huge new force in a globalized market.
Between them, CPPIB and four other big Canadian players control over half a trillion dollars in assets, about the size of the total Swiss economy and more than the US$410-billion managed by the Chinese sovereign wealth fund China Investment Corp………………………………………..Full Article: Source

Posted on 13 January 2012 by VRS |  Email |Print

China’s foreign-exchange reserves posted the first quarterly decline in more than a decade, as foreign investment moderated, the trade surplus narrowed and investors withdrew capital amid the global financial crisis.
The holdings, the world’s biggest, fell to $3.18 trillion at the end of December from $3.2 trillion at the end of September, according to People’s Bank of China data released in Beijing today. That was the first quarterly contraction since the second quarter of 1998, according to data compiled by Bloomberg………………………………………..Full Article: Source

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