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Sovereign Wealth Funds Briefing 28.May 2012

Posted on 28 May 2012 by VRS |  Email |Print

Qatar Investment Authority has applied for a licence to invest directly in the Chinese onshore market, and sources say it is hiring staff in Asia, although the timeframe for both is unclear.
The sovereign wealth fund’s assets under management – derived chiefly from the country’s liquefied natural gas exports – are set to increase to $135 billion this year, says the Institute of International Finance. A QIA board member said this year that the fund would be investing $30 billion in 2012 alone………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

Mubadala Development Co. PJSC, a sovereign wealth fund of Abu Dhabi, is considering a bid to buy state-owned Turkish lender Turkiye Halk Bankasi AS, Vatan newspaper reported.
Mubadala officials have visited Turkey several times in the past six months and may be considering an offer of around $10 billion for the Turkish bank, Vatan reported citing unnamed banking officials………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

Turkiye Halk Bankasi AS, a state-run Turkish bank, rose after Vatan newspaper reported Mubadala Development Co. PJSC, a sovereign wealth fund of the Emirate of Abu Dhabi, is considering making a bid for the lender.
The shares gained 1.9 percent to 11 liras at 11:13 a.m. in Istanbul, outperforming the Turkish banking index, which declined 0.9 percent………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

Hassad Food Co, the agricultural investment arm of Qatar’s sovereign wealth fund, may invest 500m euros ($625m) this year to increase food supplies for the desert emirate, the company’s chairman said.
“Buying agricultural land isn’t a goal for the company,” Nasser al-Hajri said in an interview in the Qatari capital Doha. “The goal is to produce and improve the production from different parts of the world.”……………………………………….Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

While most investors have either been choking back the tears or avoiding the beleaguered, recession-hit eurozone, one wealthy Arabian emirate has been on a trolley dash.
Over the past three months, Qatar - a state no bigger than Yorkshire - has embarked on the financial equivalent of a £7bn supermarket sweep………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

Sovereign wealth funds from the region with the world’s highest concentration of state-backed capital, the Gulf of Arabia, are set to increase their allocation to hedge funds and other alternative investments.
Speaking at a roundtable conducted behind closed doors in the Gulf last month, and just published, Bhisham Manraj, head of fixed income, currency and commodity coverage of Middle East and North Africa sovereign wealth funds at Bank of America Merrill Lynch, said: “We will see increasing interest from SWFs for alternative investments………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

Kenya will use profits from its state enterprises to set up its first sovereign wealth fund that will reinvest the money to advance the country’s commercial interests in foreign countries, senior government officials said on Thursday.
The planned measure is part of the ongoing reforms in the operations of the state corporations expected to be completed when the proposed law and regulations are approved by parliament………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

The Alaska Permanent Fund Corp. will be expanding its investment into the home market. Executive director Mike Burns tells the Juneau Empire that the fund intends to buy hundreds of foreclosed properties and maybe more.
Burns says fund trustees at their meeting in Anchorage last week decided to make buys in some of the nation’s most distressed housing markets………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

The time is right to buy houses, the Alaska Permanent Fund Corp. thinks. It will soon be buying hundreds, if not thousands, of foreclosed properties, said Executive Director Mike Burns.
The permanent fund’s board of trustees, meeting in Anchorage last week, decided to make a bold move into some of the nation’s most distressed housing markets, from San Diego to Tampa………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

The governor gave no mention what-so-ever to a source of funding that was supposed to insulate Wyoming’s budget from the whipsaw of commodities: The Wyoming Permanent Mineral Trust Fund (WPMTF)
Created thirty-eight years ago this month, the WPMTF mandated that a minimum of 1.5 percent of Wyoming severance taxes on gas, oil, coal, and other minerals be placed in a constitutionally protected trust………………………………………..Full Article: Source

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Posted on 28 May 2012 by VRS |  Email |Print

A report prepared by KFH-Research regarding the performance and status of global infrastructure funds market, mentioned that despite the recent poor performance of subscriptions and money gathering, infrastructure funds are expected to attract more investors and to continue achieving reasonable growth; especially after the growing trend to spend funds on in infrastructure projects and the participation of the private sector in those projects.
In addition, the report noted that infrastructure funds began to recover starting from 2010, where total collected money reached $32 billion, before dropping to $16 billion in 2011………………………………………..Full Article: Source

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