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Sovereign Wealth Funds Briefing 09.Mar 2012

Posted on 09 March 2012 by VRS |  Email |Print

David MurrayProminent businessman David ­Gonski has emerged as a leading ­candidate to chair Australia’s $73 billion Future Fund, with the ­federal ­cabinet set to consider the appointment in the next few days.
Gonski, who chairs the Australian Securities Exchange and Coca-Cola Amatil boards, could replace David Murray, who is due to step down at the end of the month after six years in the role. Cabinet will discuss potential candidates to take the helm of the fund at a meeting next Tuesday, as pressure mounts on the government to name a replacement for Murray………………………………………..Full Article: Source

Posted on 09 March 2012 by VRS |  Email |Print

Ajith Nivard CabraalA high-profile banking delegation is currently on a three-day tour to Qatar to attract more foreign investments to the country. The 11-member delegation is led by the Governor of the Central Bank Ajith Nivard Cabraal.
Ajith has said that the delegation, which comprises representatives from three private sector banks, and two state sector banks, will be meeting with the officials of the Qatar Investment Authority and will present them investment proposals………………………………………..Full Article: Source

Posted on 09 March 2012 by VRS |  Email |Print

One of the highlights is a proposal to use tax policy to ensure that a greater share of the ‘resource rents’ are extracted for the benefit of society, including deploying some of these rents, through a sovereign wealth fund, to invest in long-term projects.
Also discussed is the building of a State mining company, or companies, to develop ‘strategic minerals’; improving government coordination, possibly through a ‘super Ministry’, to enhance backward and forward linkages in the way mineral assets are managed; having public tenders or auctions for all known mineral deposits;……………………………………….Full Article: Source

Posted on 09 March 2012 by VRS |  Email |Print

Birmingham is offering a partnership with the largest Municipal Authority in Europe to cash rich sovereign wealth funds (SWFs) as a means of attracting around £1 billion of investment into the city’s property portfolio at the world’s largest real estate event this week.
Mike Whitby, Leader of Birmingham City Council said: “In the current economic climate, finding the funding needed for ambitious development projects can be challenging. Sovereign wealth funds have the means, liquidity and long-term vision to support such investments and could be the key to unlocking Birmingham’s potential as a truly competitive global city.”……………………………………….Full Article: Source

Posted on 09 March 2012 by VRS |  Email |Print

The sovereign fund, a savings instrument that will receive a portion of surplus revenues of an expanded Canal, would accumulate to about $12,500 million by 2025, according to projections managed by the Executive.
Each year, from the contributions generated by the Canal to the State, a portion will go to the National Treasury for the equivalent of 3% of gross domestic product (GDP) and funds in excess of that amount will be allocated to the savings fund………………………………………..Full Article: Source

Posted on 09 March 2012 by VRS |  Email |Print

Increased foreign exchange reserves and more sophisticated monetary policies have contributed to the improving fundamentals of emerging market countries.
The emerging market debt universe has continued to grow and widen its parameters. Inflows to dedicated EM fixed income funds are expected to remain stable at US$40 billion in 2012 supported by allocations from domestic pension funds and sovereign wealth funds………………………………………..Full Article: Source

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