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Sovereign Wealth Funds Briefing 31.Jan 2012

Posted on 31 January 2012 by VRS |  Email |Print

David MurrayThe Future Fund has transferred assets out of property, debt securities and alternative assets into cash holdings as it prepares to wait out a long period of ‘’subdued economic growth”.
The latest quarterly update also reveals the fund has increased its exposure to companies in emerging markets while decreasing exposure to developed economies, where the slowdown is expected to have the most impact………………………………………..Full Article: Source

Posted on 31 January 2012 by VRS |  Email |Print

The Federal Government may be trying to talk up Australia’s economic prospects, but one of the country’s largest managed funds has just shifted its investments towards cash.
Australia’s Future Fund now has less exposure to Australian shares. The move has highlighted how even the country’s more experienced money managers are no longer game to play the market………………………………………..Full Article: Source

Posted on 31 January 2012 by VRS |  Email |Print

The New Zealand Superannuation Fund, which was set up to help pre-fund a ballooning pension bill for baby boomers, clawed back some of its losses in December, in a tough first half to its current financial year.
The Cullen fund, named after its architect former Finance Minister Michael Cullen, made an absolute loss after fees and before tax of 5.3% in the six months ended December 31, posting just two monthly gains in that period………………………………………..Full Article: Source

Posted on 31 January 2012 by VRS |  Email |Print

The New Mexico State Investment Council (NM SIC) is updating its long-term strategy for its private equity portfolio. One major change includes committing around $350 to $450 million per year to private equity until 2016.
In addition, like other public investors, the long-term strategy includes larger commitments to a smaller pool of managers, thus limiting relationships to fewer than 50 and less than 100 funds. Another big change is a shift in geographic strategy to increase allocation to emerging markets and Asia which now represents 3% of the private equity portfolio………………………………………..Full Article: Source

Posted on 31 January 2012 by VRS |  Email |Print

Russia’s $10 billion private equity fund is making its first investment, buying a stake in the country’s MICEX-RTS stock market with the aim of boosting the exchange’s IPO hopes and helping develop Moscow’s rudimentary capital markets.
The Russian Direct Investment Fund, a $10-billion state fund set up to attract foreign direct investment into Russia, will buy a 1.25% stake in the exchange, according to a press release………………………………………..Full Article: Source

Posted on 31 January 2012 by VRS |  Email |Print

The Norwegian Sovereign Wealth Fund has joint-leased London’s Jaeger House with the Crown Estate. GBP 50 million (approximately 460 million kroner) has been spent by the Regent Street Partnership, comprising the Crown Estate and the Norwegian ‘Oil Fund’, for purchasing the 200-2006 Regent Street head lease from IVG Institutional Funds GmbH.
Regent Street is an attractive area in London for retailers and customers. The lease has 73 years left to run. This purchase consists of around 2,700 square metres of shop space as well as about 1,800 square metres of office space………………………………………..Full Article: Source

Posted on 31 January 2012 by VRS |  Email |Print

An eminent group of scientists and professionals have sent a collective communication to the Norwegian Government Pension Fund recommending disinvestment in the oil giant Royal Dutch Shell on ethical grounds.
The pension fund has already dis-invested in several mining and forestry companies “known to cause severe environmental and human rights related harm in their operations.”……………………………………….Full Article: Source

Posted on 31 January 2012 by VRS |  Email |Print

Conglomerate Dubai Investments, whose manufacturing business was hit by political unrest in Libya and Syria last year, swung to a quarterly loss on Monday, hurt by lower asset valuations.
The firm, in which sovereign fund Investment Corporation of Dubai (ICD) owns an 11.5 percent stake, had a fourth quarter loss of AED61.4m ($16.72m), according to Reuters calculation. That compared with profit of AED117.4m in the prior-year period in 2010………………………………………..Full Article: Source

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