Wed, Sep 17, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 07.May 2012

Posted on 07 May 2012 by VRS |  Email |Print

Yngve SlyngstadNorway’s sovereign wealth fund sold all its Irish and Portuguese government bonds after rejecting the Greek debt swap and warned that Europe faces considerable challenges.
The $610 billion Government Pension Fund Global returned 7.1 percent, or 234 billion kroner ($41 billion), as measured by a basket of currencies, in the first quarter, the Oslo-based investor said today. Its equity holdings gained 11 percent while its fixed-income investments rose 1.6 percent………………………………………..Full Article: Source

Posted on 07 May 2012 by VRS |  Email |Print

Norway’s $600 billion sovereign wealth fund walked away from Europe’s struggling economies in the first quarter, dumping much of its holdings in battered euro zone government bonds.
The fund sold holdings of Portuguese and Irish government bonds in the quarter, and reduced its investments in government debt from countries including Italy and Spain, it said. Instead it bought bonds issued in local currencies in emerging markets such as Brazil, Mexico and India………………………………………..Full Article: Source

Posted on 07 May 2012 by VRS |  Email |Print

Norway’s oil-backed sovereign wealth fund will allocate a bigger part of its investments to the Middle Eastern region going forward, the fund’s chief said on Friday.
The fund’s exposure to the region is as of today relatively limited, said Yngve Slyngstad, chief executive of Norges Bank Investment Management………………………………………..Full Article: Source

Posted on 07 May 2012 by VRS |  Email |Print

The government will hold a meeting on May 9 to decide on setting up of proposed Sovereign Fund of India that could be used, among other things, to buy overseas assets for the benefit of the state-owned companies.
“A meeting of Secretaries of 10 government departments to decide on the nature of the Fund is slated on May 9. After this, the proposal has to be vetted by the Union Cabinet,” a top government official said………………………………………..Full Article: Source

Posted on 07 May 2012 by VRS |  Email |Print

The government is talking about setting up a new sovereign wealth fund or SWF to buy energy assets abroad. This could mean allocating more financial resources from already strained budgetary resources. India already has sovereign wealth.
To activate the fund, India needs political will more than money. Sovereign wealth funds are typically created by countries that have a large budget surplus. Countries like China, Norway, Singapore, Saudi Arabia and other oil rich nations in the Middle-East have large sovereign wealth funds………………………………………..Full Article: Source

Posted on 07 May 2012 by VRS |  Email |Print

In short order, the image of sovereign wealth funds went from global predator to high-profile patsy. Several of these huge, government-created investment pools bet billions of dollars on big-name financial institutions and other marquee concerns and notched equally large losses in the aftermath of the 2008 crisis. Then news pretty much stopped.
A new study by London-based research group Preqin Ltd. shows that the total value of sovereign wealth funds at the end of March topped $4.62 trillion, a more than 50% increase over 2008. That jump comes after a fairly static two years. At this time last year, sovereign wealth funds totaled a bit less than $4 trillion, Preqin estimates………………………………………..Full Article: Source

See more articles in the archive

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930