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Sovereign Wealth Funds Briefing 04.May 2012

Posted on 04 May 2012 by VRS |  Email |Print

African countries have been urged to tap into the US$5 trillion sovereign wealth assets belonging to oil-exporting developing countries and China, according to participants at the just-ended UNCTAD XIII meeting in the Arab Gulf State of Doha.
“Of the US$5 trillion, only about US$110 million goes into Foreign Direct Investments; these vast quantities of funds present an opportunity for Africa to accelerate development, strengthen economies, create jobs and improve the lives of our people,” the private Guardian newspaper Thursday quoted the participants as saying………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

Sriprakash JaiswalThe coal ministry has proposed setting up a sovereign wealth fund to buy coal assets abroad, Coal Minister Sriprakash Jaiswal said on Friday (Today). Coal accounts for more than half of India’s power generation and will be required for 85 per cent of the 76,000 megawatts additional capacity targeted in the next five years.
But domestic supply has fallen short of targets largely due to regulatory hurdles, and poor infrastructure hinders the transport of imported coal………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

China’s sovereign wealth fund launched a mutual fund with a national investment company from Belgium to help Chinese companies boost investments in the country as well as in the European Union.
China Investment Corporation and Belgium’s Federal Holding and Investment Company signed an agreement in Brussels on Wednesday launching the China-Belgium Mirror Fund………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

China Investment Corporation (CIC), the country’s sovereign wealth fund, announced Thursday it has launched a joint growth fund with the Belgian Federal Holding and Investment Company and private equity firm A CAPITAL to invest into European groups to boost their growth in China.
The new fund is targeting solidly performing European midcaps with revenues over 100 million euros and strong growth potential in China, according to a joint statement released by the three companies………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

The China Investment Corporation (CIC), the country’s sovereign wealth fund, has teamed up with the Belgian government and private equity firm A Capital Asia to launch a cross-border fund to boost European business in China.
The launch of the A Capital China Outbound fund was announced on Thursday at a ceremony in Brussels attended by China’s Vice Premier Li Keqiang and Belgian Prime Minister Elio di Rupo………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

Temasek Holdings, bracing itself for other investment opportunities in China and elsewhere, sold shares in two of China’s largest banks for US$2.5 billion (S$3.1 billion), according to term sheets seen by Reuters, in a reshuffle of its sprawling US$150-billion portfolio that still bets on China’s long-term potential.
Chinese banks’ shares have rebounded this year - the Hong Kong financial sub-index is up about 15 per cent - after last year’s 27 per cent slide, though the outlook is clouded by slowing economic growth and political and regulatory hurdles. The nation’s “Big Four” lenders last week posted weaker- than-expected quarterly earnings………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

The Singapore state investor Temasek Holdings sold shares in China Construction Bank and Bank of China for $2.5 billion, term sheets for the sales show, in a move that reshuffles the fund’s sprawling $150 billion portfolio but still leaves it betting heavily on China’s long-term potential.
Shares in Chinese banks have rebounded this year — the Hong Kong subindex of financial stocks has risen about 15 percent in the year to date, after a 27 percent decline last year — though the outlook for the sector is clouded by slowing economic growth and political and regulatory hurdles, and China’s four biggest lenders posted weaker-than-expected quarterly earnings last week………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

Hong Kong stocks retreated from a seven-week high with China Construction Bank (939) Corp. leading the decline as Singapore’s sovereign wealth fund sold $2.4 billion of mainland lenders’ shares. Stocks also fell as unemployment in Europe climbed to a 15-year high.
China Construction Bank slid 3.1 percent on a report Temasek Holdings Pte. sold $1.6 billion of the lender’s shares. Esprit Holdings Ltd., a clothier that gets about 80 percent of sales in Europe, fell 4.3 percent. New World Development Co. led property companies down after the government sold land in one of the city’s most exclusive areas for less than estimated………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

The State Oil Fund of Azerbaijan (SOFAZ) plans to create a specialized structure for investing in real estate, the head of department for managing SOFAZ funds, Israfil Mammadov, said in an interview with magazine Daşınmaz Əmlak (Real Estate), published by the State Committee on Property.
“Now it is important to create an efficient structure, which at a high level will ensure interests of the State Oil Fund when investing, transparently, and at a high level to carry out operations on purchase and sale. ……………………………………….Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

Azerbaijan’s State Oil Fund, also known as Sofaz, will start investing in real estate in three to four months as it seeks to increase returns and diversify its holdings, Dasinmaz Amlak magazine reported.
Sofaz will initially invest in commercial real estate in business centers of some European cities with transparent market environment and high liquidity, Israfil Mammadov, head of Sofaz’s fund management department, told the state-run magazine………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

The “Samruk-Kazyna” National Welfare Fund is planning to work on social stability ratings of its subsidiaries.
At a meeting on corporate social responsibility the fund’s chairman, Umirzak Shukeyev, noted the need for personal responsibility of top managers of enterprises. A Centre for Social Partnership has already been established, which is destined to turn into a platform for negotiations. The fund will form a Council of Trade Unions in the future and develop recommendations on professional standards………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

The unfolding European sovereign debt crisis is a concern to the Norwegian oil fund but it hasn’t prompted a change in its investment strategy with regard to European Union government debt, the fund’s deputy chief executive said Thursday.
Any planned change will happen as a result of a strategic decision to reweight its EU sovereign debt holdings, said Tornd Grande, deputy chief executive officer of Norges Bank Investment Management, the company that manages Norway’s massive $620 billion oil fund………………………………………..Full Article: Source

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Posted on 04 May 2012 by VRS |  Email |Print

Golden Phoenix Minerals, Inc. GPXM is pleased to announce that its Board of Directors has appointed Mr. Jeffrey Dahl to the Company’s Board, effective immediately. “The appointment of Jeffrey Dahl to our Board of Directors provides Golden Phoenix with strategic financial expertise,” stated Tom Klein, CEO of Golden Phoenix. “Jeffrey’s experience with sovereign wealth funds and major institutional investors can be utilized in assisting our Board as a Director.”
Dahl has an extensive client base that includes corporations, financial institutions, financial sponsors, family offices, insurance/pension funds, sovereign wealth funds, hedge funds, and private equity groups(Press Release)

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