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Sovereign Wealth Funds Briefing 27.Jan 2012

Posted on 27 January 2012 by VRS |  Email |Print

Victor OgiemwonyiThe Federal Government of Nigeria has been warned to exercise restraint in the floating of Sovereign debt instruments, ensuring that the bonds do not lead to the escalation of the rising debt profile of the country. He further advised the government to ensure that the Sovereign Wealth Fund and the sovereign debt instruments begin their investment activities in equities in the Nigerian capital market.

Victor Ogiemwonyi, Managing Director, Partnership Investment Plc said Nigeria’s rising debt profile poses a serious threat to the economy, especially when viewed against the on-going crisis in Europe and the global financial landscape……………………………………….Full Article: Source

Posted on 27 January 2012 by VRS |  Email |Print

Michael AndrewThe Middle East is extremely important for three reasons. First, It is the place where sovereign wealth funds have liquid and available investments. They are cornerstone investors, and are going to be major investors overseas, and major investors in new technologies.
The Middle East is at the heart of where those investment decisions are being made, and that will lead you into a lot of really good quality transaction work……………………………………….Full Article: Source

Posted on 27 January 2012 by VRS |  Email |Print

Shareholders in Kazakh bank BTA , majority-owned by the sovereign wealth fund, voted against a debt restructuring plan at a meeting on Thursday, a week after the bank went into official default for the second time.

Aug 2010- BTA completes a multibillion dollar debt restructuring programme, which leads to sovereign wealth fund Samruk-Kazyna becoming an 81.5 percent shareholder in the bank. Samruk-Kazyna pledges, in time, to sell its stake to the private sector………………………………………..Full Article: Source

Posted on 27 January 2012 by VRS |  Email |Print

Italy could turn out to be the investment bet of the decade if European Union leaders manage to contain the euro zone crisis.
Norway’s mammoth sovereign wealth fund, for instance, reduced its holdings of Italian government debt in the third quarter of 2011 as the euro crisis approached its most acute phase……………………………………….Full Article: Source

Posted on 27 January 2012 by VRS |  Email |Print

Keppel Corp reported record annual profit for last year and gave a bullish outlook as high oil prices and strong demand for deepwater rigs is set to fuel growth at the world’s largest rig-builder. The conglomerate, part owned by Temasek Holdings, also had record offshore and marine new orders worth nearly S$10 billion last year.

Net profit for the full year rose 14 per cent to S$1.49 billion, while revenue increased 10 per cent to S$10.08 billion……………………………………….Full Article: Source

Posted on 27 January 2012 by VRS |  Email |Print

Investors who bought UniCredit SpA shares and rights during the bank’s 7.5-billion euro ($9.9 billion) offering are reaping the biggest equity return among Europe’s 50 largest companies.
Foreign institutional investors including Aabar Investments PJSC, the Abu Dhabi-based sovereign-wealth fund, and Capital Research & Management Co., a Los Angeles-based investment fund, were among firms which bought the shares……………………………………….Full Article: Source

Posted on 27 January 2012 by VRS |  Email |Print

China owns roughly $2 trillion in U.S. Treasury and mortgage-backed debt and $800 billion in European bonds. These massive holdings may cause anxiety in the West and give Beijing a lot of prestige and bragging rights — but they haven’t afforded China a lot of diplomatic sway.

China’s sovereign wealth fund, which invests part of those reserves, has favored low-risk assets (such as a recent minority stake in a British water utility) and has sought to avoid geopolitical controversy. And in the European debt crisis, China has been conspicuously absent……………………………………….Full Article: Source

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