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Sovereign Wealth Funds Briefing 06.Mar 2012

Posted on 06 March 2012 by VRS |  Email |Print

The African Institute for Applied Economics (AIAE) has enjoined the Federal government to ensure transparency and accountability in the implementation of the Sovereign Wealth Fund (SWF).
The Institute made the call in Abuja during a policy seminar on the management of Sovereign Wealth Fund organised by the organisation………………………………………..Full Article: Source

Posted on 06 March 2012 by VRS |  Email |Print

South Africa’s ruling African National Congress is studying proposals to impose a resource-rent tax on mining operations, reduce royalties and gear policies toward creating jobs.
The ANC unveiled eight draft policy documents aimed at tackling one of the highest levels of income inequality and reducing a 24 percent unemployment rate that will be discussed at party conferences in June and December………………………………………..Full Article: Source

Posted on 06 March 2012 by VRS |  Email |Print

Singapore state-investment company Temasek Holdings Pte. sold a 3% stake in rig builder Sembcorp Marine Ltd., in a block sale that raised 327.6 million Singapore dollars, or US$261.1 million, people familiar with the deal said Tuesday.
People familiar with the situation Monday said Temasek was looking to sell 62.4 million shares. The shares sold at a price of S$5.25 each………………………………………..Full Article: Source

Posted on 06 March 2012 by VRS |  Email |Print

Temasek Holdings Pte (TMSK), Singapore’s state-owned investment company, raised S$327.6 million ($261 million) by selling shares in Sembcorp Marine Ltd. (SMM), a person with direct knowledge of the matter said.
Temasek sold 62.4 million shares in Sembcorp Marine, or less than 1 percent of the world’s second-biggest oil-rig maker, at S$5.25 each, said the person, who declined to be identified as the sale hasn’t been publicly announced………………………………………..Full Article: Source

Posted on 06 March 2012 by VRS |  Email |Print

China’s $410-billion sovereign wealth fund received a $30 billion injection from the government last year, boosting its investment war chest for European assets, state media said Monday.
China Investment Corporation (CIC) was set up in 2007 to invest some of the country’s world-beating foreign exchange reserves overseas………………………………………..Full Article: Source

Posted on 06 March 2012 by VRS |  Email |Print

Senior executives from sovereign wealth funds the Government of Singapore Investment Corporation and the Kuwait Investment Authority have left to launch an emerging markets fund of funds.
GIC senior vice-president Winson Ng and Kuwait Investment Office vice-president Hesham Al-Quraini have founded QWin Capital, a London-based firm that will invest in funds in Asia and the Middle East………………………………………..Full Article: Source

Posted on 06 March 2012 by VRS |  Email |Print

Kazakhstan’s net gold and foreign currency reserves rose to $34.8 billion as of Feb. 29 from $33.1 billion on Jan. 31, the central bank said on Monday.
The National Fund, replenished by windfall revenues from oil exports, totalled $47.4 billion as of Feb. 29, the bank said………………………………………..Full Article: Source

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