Wed, Nov 26, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 31.May 2012

Posted on 31 May 2012 by VRS |  Email |Print

Government of Singapore Investment Corp (GIC) and Canada’s Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea’s unlisted Kyobo Life Insurance, sources said, in deals worth up to $1.4 billion.
Daewoo International Corp and state-run Korea Asset Management Corp (KAMCO) are offering about a one-third stake in the life insurance company in two separate sales. The final bids for the stakes were made on Tuesday, the sources, who had direct knowledge of the matter, told Reuters………………………………………..Full Article: Source

Posted on 31 May 2012 by VRS |  Email |Print

Qatar Holding LLC, a unit of the Gulf nation’s sovereign wealth fund, has agreed to take part in the planned $3 billion listing of Malaysia’s Felda Global Ventures Holdings Bhd as a cornerstone investor, a source with direct knowledge of the deal told Reuters.
It would be the first time a Middle Eastern sovereign fund has acted as a cornerstone in a Malaysian initial public offering (IPO)………………………………………..Full Article: Source

Posted on 31 May 2012 by VRS |  Email |Print

The cat-and-mouse game between the federal government (FG) and the 36 state governments (SGs) over the Excess Crude Oil Account (ECA) and the Nigeria Sovereign Wealth Fund (NSWF) is gradually coming to a climax. After listening to the arguments of both parties in the case filed by the SGs against the FG over the ECA/NSWF, the Chief Justice of the Federation (CJN) on May 21, 2012 decided to adjourn the case to September 25, 2012 for what may be the final decision on the case.
It will be recalled that since President Obasanjo unilaterally established the ECA in 2004, there has been a raging controversy between the FG and the 36 SGs over the constitutionality of the ECA………………………………………..Full Article: Source

Posted on 31 May 2012 by VRS |  Email |Print

BT Group Plc’s pension fund said it acquired a minority percent stake in Thames Water, Britain’s largest water and sewage company, from Macquarie Group Ltd.
Macquarie has been selling down its holding in Thames Water and sold an 8.76 percent stake to China Investment Corp., China’s largest sovereign wealth fund in January………………………………………..Full Article: Source

Posted on 31 May 2012 by VRS |  Email |Print

A report finding Norway’s $582.7-billion sovereign wealth fund could face significant losses in a range of climate-change scenarios is unlikely to result in changes to the fund’s investment strategy, Norway’s state secretary Hilde Singsaas says.
Norway’s Ministry of Finance released the report into the Government Pension Fund Global’s (GPFG) that it commissioned from Mercer and which recommends the fund make it a priority to increase allocations to low-carbon intensive infrastructure, environmentally friendly real estate and green-investment opportunities in private equity………………………………………..Full Article: Source

Posted on 31 May 2012 by VRS |  Email |Print

Proposals to allow sovereign wealth funds to invest in US private equity funds without losing their tax-exempt status could boost investment in the asset class, says US law firm Pepper Hamilton in a recent note.
Sovereign wealth funds are often formed as entities separate to a government, and if a SWF conducts any so-called ‘commercial activity’ anywhere in the world, they currently stand to lose their special sovereign-related tax exemption status (on certain types of income) in the US. Commercial activities are defined as “business conducted for income or gain”………………………………………..Full Article: Source

See more articles in the archive

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930