Thu, Oct 2, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 18.May 2012

Posted on 18 May 2012 by VRS |  Email |Print

Norway’s 3496 billion kroner (US$582.7 billion) sovereign wealth fund could suffer significant losses in a range of climate-change scenarios if it fails to hedge its risk by investing in climate-sensitive assets, the release of a confidential report shows.
Norway’s Ministry of Finance recently released an extensive study by asset consultant Mercer on the effects of climate change on the Government Pension Fund Global’s (GPFG) portfolio of investments………………………………………..Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

Western Australia will plough some of its unprecedented mining wealth into a future fund it says will be worth at least $4.7 billion within 20 years and will preserve the benefits of the resources boom for future generations.
In the first move by a state government to establish a wealth fund, West Australian Treasurer Christian Porter said he would use $1.1bn of the government’s rapidly growing mining royalties as seed capital for the fund, which would be quarantined until 2032………………………………………..Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

The much-awaited centrepiece of the West Australian government’s latest budget is a future fund that is expected to nudge $5 billion by 2032. In handing down his second budget as treasurer, Christian Porter said under the plan the government would set aside $1 billion in seed funding in the years to 2015/16.
The funding will in part be sourced from a three per cent “efficiency dividend” - or cut - and other savings applied to the Royalties for Regions fund totalling $223 million………………………………………..Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

Scott Kalb, former chief investment officer of Korea’s $45 billion-plus sovereign wealth fund, Korea Investment Corp., knows how to take smart risks. Hired by KIC in 2009, Kalb, 56, reorganized the investment team and stabilized KIC’s loss-making investment portfolio — which was then worth just $19 billion — by recalibrating its approach to risk management, diversifying its holdings and implementing a long-term investment culture and discipline.
The results have been dramatic. Over the three years of his tenure, through March 2012, KIC’s portfolio has delivered annualized returns of 12 percent………………………………………..Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

Temasek Holdings Pte appointed Boon Sim, who’s leaving his role as global head of mergers and acquisitions at Credit Suisse Group AG, as the Singapore state- owned investment company’s president for North America.
Sim will start on June 1 and will also take on the roles of co-head for the Americas and Europe, as well as credit portfolio, Temasek said……………………………………….Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

Given the amount of time the media has spent poring through the results of investor votes at major companies during the last few weeks, it’s startling that nobody spotted the latest apparent backer of Britain’s ’shareholder spring’.
Here’s the surprise fact: I’ve learned that Temasek Holdings, the Singaporean sovereign wealth fund, withheld its support from the re-election of six executive directors of Standard Chartered at its annual meeting last week………………………………………..Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

Based on publicly available information, Temasek Holdings is a significant shareholder in a number of Chinese banks, holding multi-billion-dollar stakes in three of China’s “Big Four” banks. Given that Singaporeans are the ultimate stakeholders in Temasek, we need to be concerned about its outsized exposure to Chinese banks.
At the same time, it is in Temasek’s interest to disclose the extent of its exposure to the Chinese banking sector and to provide assurances regarding the level of due diligence conducted on its China investments………………………………………..Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

The Federal Government got a yellow card from the Osun State Government not to withdraw $1 billion from the Excess Crude Account for the Sovereign Wealth Fund (SWF). Finance Minister Dr Ngozi Okonjo-Iweala recently spoke of plans to transfer $1 billion from the Excess Crude Account to the SWF on behalf of the 36 states.
But reacting to the minister’s proposal through its Information and Strategy Commissioner Sunday Akere, the Osun State Government said activities on the Crude Account ought to have been suspended pending the determination of the suit filed against the Federal Government by 29 states………………………………………..Full Article: Source

Posted on 18 May 2012 by VRS |  Email |Print

The State Oil Fund of Azerbaijan (SOFAZ) creates a system of human resources management and HR-Payroll. The SOFAZ informs that a tender is conducted with this purpose for purchase of HR-Payroll system.
The bidder for supply must have at least 2 years of experience and realize 2 or 3 similar projects in Azerbaijan. Bids accompanied by a bank guarantee for 3% of the requested cost will be accepted till 6 pm 29 June at the Fund’s office: 24, Neftchilyar Avenu, Baku………………………………………..Full Article: Source

See more articles in the archive

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031