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Sovereign Wealth Funds Briefing 07.Mar 2012

Posted on 07 March 2012 by VRS |  Email |Print

France’s sovereign wealth fund is working this year with leaders of the country’s aerospace, nuclear and rail industries to create funds that will invest as much as 530 million euros ($697 million) in their suppliers.
The aeronautical fund, designed to help suppliers meet rising demand from companies such as Airbus SAS and Boeing Co. (BA), may initially amount to about 150 million euros and eventually reach 300 million euros, Jean-Yves Gilet, chief executive officer of France’s Strategic Investment Fund, or FSI, said……………………………………….Full Article: Source

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Posted on 07 March 2012 by VRS |  Email |Print

Wang JianxiBoosted by a one-time $30 billion capital injection, China Investment Corp. is working on a system through which the sovereign-wealth fund would get continued funding from the Chinese government and potentially play a bigger role in helping diversify the country’s vast foreign-exchange reserves.
“We very much hope for a clear [funding] mechanism just like what other, more mature, sovereign-wealth funds have,” said Wang Jianxi, CIC’s executive vice president, in an interview with The Wall Street Journal………………………………………..Full Article: Source

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Posted on 07 March 2012 by VRS |  Email |Print

CIC’s investments are broadly diversified by sector, geography and asset class. At the core of the investment strategy is an asset-allocation framework that currently consists of seven asset classes including stocks, bonds and private equity.
Long-term investments including direct investments, private equity, infrastructure and real estate now account for more than half of the fund’s global portfolio………………………………………..Full Article: Source

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Posted on 07 March 2012 by VRS |  Email |Print

China Investment Corporation is working on a system through which it would get continued funding from the Chinese government to play a bigger role in helping diversify the country’s huge foreign exhange reserves.
This came from CIC’s executive vice president Wang Jianxi in an interview with the Wall Street Journal after the sovereign wealth fund received a one-off US$30 billion capital injection from Beijing………………………………………..Full Article: Source

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Posted on 07 March 2012 by VRS |  Email |Print

Aabar Investments has raised its holding in Dubai’s Arabtec to 5.28%, two years after it abandoned plans to take a $1.7bn majority stake in the company.
Posted on Dubai’s stock exchange, the shareholding is listed under Aabar Petroleum Investments Co which sold its energy assets to the Mubadala Development Co in 2008. The move makes the sovereign wealth fund one of the largest shareholders in Arabtec………………………………………..Full Article: Source

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Posted on 07 March 2012 by VRS |  Email |Print

Arabtec Holding PJSC (ARTC) slumped the most in a year on investor speculation a rally was overdone and after data showed Aabar Investments PJSC (AABAR) raised its stake in the United Arab Emirates’ biggest construction company.
Shares of Dubai-based Arabtec, up 104 percent so far this year, tumbled 7.1 percent, the most since March 2011, to 3.25 dirhams at the 2 p.m. close in the emirate………………………………………..Full Article: Source

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Posted on 07 March 2012 by VRS |  Email |Print

Japan’s foreign reserves declined to $1.303 trillion at the end of February, the Ministry of Finance said on Wednesday.
Japan sold about 1 trillion yen ($12.39 billion) in “stealth” currency market intervention that was not announced to the market during the first four days in November, the finance ministry said last month………………………………………..Full Article: Source

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