Fri, Apr 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 09.Jul 2012

Posted on 09 July 2012 by VRS |  Email |Print

The Qatar Investment Authority and Abu Dhabi Investment Authority are bidding to buy 42 Marriott International Inc. hotels in England, the Sunday Times said, without saying where it obtained the information.
The sale is being administered by Royal Bank of Scotland Group Plc and may yield as much as 700 million pounds ($1.08 billion), the newspaper said………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

Mahmood Al KoohejiBahrain Mumtalakat Holding Co. BSC, the sovereign wealth fund that appointed a new chief executive officer in March, said full-year loss widened as provisions for impairments increased.
Loss attributable to the shareholder of the parent was 335.8 million dinars ($891 million) in 2011 compared with 265.1 million dinars a year earlier, according Mumtalakat’s financial statement. Impairment losses climbed to 316.5 million dinars from 191.2 million dinars………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

Bahrain’s sovereign wealth fund says its annual loss grew to nearly $718 million last year, hurt in part by difficulties at the tiny Gulf nation’s airline.
The Mumtalakat fund said in an online statement dated Saturday that its consolidated net loss for 2011 was 270.6 million dinars ($717.7 million). That compares with a loss of 234.3 million dinars ($621.3 million) in 2010………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

The Qatar Investment Authority (QIA) makes large investments in a select universe of potentially strategic companies and assets through Qatar Holding. The Gulf sovereign wealth fund is opportunistic in nature; furthermore, it does not follow tightly controlled models or allocations.
The QIA does not have an official geographic allocation or asset allocation, since the global financial crises has shifted long-term thinking and mindsets. The investments of the QIA include a concentrated portfolio of strategic assets………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

Egypt’s foreign reserves rose by $18 million in June to $15.53 billion, their third month of increases after having dropped every month since the uprising that ousted Hosni Mubarak in February 2011, the central bank said on its website on Sunday.
Reserves were $15.52 billion at the end of May and $26.57 billion at the end of June 2011. They have plunged by more than half since Egypt’s political turmoil scared away tourists and investors, two of Egypt’s main sources of foreign currency………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

Europe’s largest sovereign wealth fund will buy 50% of a multimillion Parisian property portfolio to take advantage of a robust real estate market. Norway’s $600 billion sovereign wealth fund will buy half of five commercial properties for €275 million ($341 million). The properties, owned by the Generali Group, represent almost 40,000 square meters of office and retail space in the heart of Paris.
Norges Bank Investment Management (NBIM), which manages the sovereign wealth fund, and the Generali Group also agreed to form a join venture to oversee the investment. According to the Norges Bank, the partnership will focus on a long-term real estate investment strategy that could branch out to other European markets………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

Luxury designer Valentino, famous for its opulent red ball gowns, is being sold to a sovereign wealth fund for €600m (£476m).
The sale comes five years after Valentino was bought by London-based private equity firm, Permira, at the height of the credit bubble together with Hugo Boss, in a holding company called Red & Black………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

Temasek Holdings, Singapore’s sovereign-wealth fund, is increasing its exposure to Brazil and the rest of Latin America because of the region’s strong long-term growth prospects, the company said. Temasek invested a total of 58 million Reais (28.6 million dollars) in two Brazilian companies in the fiscal year ended March 31, the release said.
“Temasek continues to increase its exposure to Brazil and other growing economies in Latin America,” said Matheus Villares, director of investments in Brazil. “We continue with a positive perspective for Brazil’s growth potential and the potential of the region in the long term.” (Press Release)

Posted on 09 July 2012 by VRS |  Email |Print

Singapore’s government investment vehicle has increased its ownership in publicly listed PT Bank Tabungan Negara (BTN), which is due to launch its rights shares later this year.
According to the bank’s document on the composition of shares ownership submitted to the Indonesia Stock Exchange (IDX) on Friday, the Government of Singapore Investment Corporation (GIC) held a 5.11 percent stake in June, up from 5 percent the previous month………………………………………..Full Article: Source

Posted on 09 July 2012 by VRS |  Email |Print

Temasek Holdings said yesterday that the size of its portfolio grew to a record high in the last financial year, but net profit fell because of a tougher business environment. Investing mainly in Asia, its portfolio stood at S$198 billion at the end of March this year, up from S$193 billion a year ago.
Group net profit, however, fell 16 per cent to S$10.7 billion from S$12.7 billion a year earlier. This was due to lower operating profits from companies in its portfolio. It was also due to a difficult external environment………………………………………..Full Article: Source

See more articles in the archive

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930