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Sovereign Wealth Funds Briefing 11.Jul 2012

Posted on 11 July 2012 by VRS |  Email |Print

TemasekSingapore state investment firm Temasek Holdings is in talks to buy a stake in a 4 billion ringgit (S$1.6 billion) project in Malaysia’s southern state of Johor, Malaysia’s Business Times reported on Wednesday, citing sources.
The Lido Boulevard project - a residential and commercial waterfront development overlooking the Straits of Johor that separates Malaysia from Singapore - is a joint venture between Central Malaysian Properties (CMP) and the Johor State Secretary Inc……………………………………….Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

Singapore’s Temasek Holdings is believed to be eyeing a stake in Central Malaysian Properties Sdn Bhd (CMP), the project developer of Lido Boulevard. Lido Boulevard is a RM4 billion integrated residential and commercial waterfront development overlooking the Strait of Johor.
It is understood that Temasek is in talks with majority shareholder Tan Sri Vincent Tan to take up a portion of his stake in the company………………………………………..Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

Singapore state-investment firm Temasek Holdings Pte. said it is cautious about investing in India and prefers sectors that are relatively less affected by government decisions. These include information-technology and related services companies, fast-moving consumer goods, financial services and health care.
“These are sectors where India has a competitive advantage and sectors which we are seeing showing resilience even in the context of the global downturn,” said Rohit Sipahimalani, head of Temasek’s India office, at a news conference. Temasek is the world’s ninth-largest state investor, according to the Sovereign Wealth Fund Institute, with $156 billion in assets………………………………………..Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

When it was announced that Qatar would host the 2022 World Cup, many in the international community were taken aback. To them, Qatar and its capital Doha still represented an economically backward desert area incapable of keeping up with booming growth centers like Rio de Janeiro or Shanghai.
Doha, it turns out, is on par with these metropolises, even surpassing them in certain ranks. Today, Qatar has the highest per capita income in the world, according to the CIA………………………………………..Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

Very soon a louche Londoner may leave his flat in the English capital’s new luxury high-rise, motor in his Lamborghini to Tiffany’s to pick up a trinket for his favorite female and perhaps drop by Harrod’s to splurge on a thigh-high number for her by the chic dressmaker Valentino.
Every step of the way, our binging Brit may be bolstering the sovereign wealth fund of Qatar. In April, it was announced that the Qatar Investment Authority, now valued at about $100 billion, had quietly absorbed five percent of Tiffany stock, surprising even executives at the jewelry brand………………………………………..Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

Some Albertans may fancy themselves to be the blue-eyed Arabs of the north. If Norwegians were not so modest about their place in the world, that boast would make the five million citizens of this overwhelmingly blue-eyed nation laugh.
Norway’s Government Pension Fund is only 20 years old, but is more than 30 times the size of Alberta’s Heritage Savings Fund, which former premier Peter Lougheed started for “a rainy day” back in 1975. It is also bigger than Saudi Arabia’s and a close second in size to the one run by one of the sheikdoms of the United Arab Emirates………………………………………..Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

Russia may aim at having a stocks to bonds ratio at 1 to 2 in its sovereign wealth funds, using Norway’s pension fund’s structure as an example, Deputy Finance Minister Sergei Storchak said Tuesday.
“The agency (for managing the funds) will be able to invest in shares,” he said, stressing that the question is still open whether it would only hold shares in foreign companies, or if the agency would be able to buy Russian companies’ shares as well in the future, once it’s formed………………………………………..Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

Russia may buy stocks for its sovereign wealth funds in the future, once a planned agency for managing the funds is formed, Deputy Finance Minister Sergei Storchak said Tuesday.
“The agency will be able to buy shares, and the process of very careful entry into stocks will begin,” Storchak said………………………………………..Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

Russian private equity has made international headlines, but not always for the reasons that executives in the country would like. Sovereign wealth funds (SWFs) are making strides where PE fears to tread, says RDIF’s Chekunkov. His firm last month announced a joint fund with China Investment Corporation (CIC) that will invest up to 70% of its capital in Russia.
RDIF and CIC will each commit $1 billion to the vehicle, with another $2 billion expected to come from external investors, bringing the total size to $4 billion, says Chekunkov. Up to 30% of the capital can be invested into China through deals with a Russian cross-border business angle, he adds……………………………………….Full Article: Source

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Posted on 11 July 2012 by VRS |  Email |Print

According to the UN’s 2012 World Investment Report , sovereign funds are increasingly important contributors to foreign direct investment (FDI), allocating roughly $125 billion today with a trend-line that suggests this will increase dramatically in the years ahead. I think this is a pretty big deal. And to explain why, let’s start with some FDI 101.
The IMF defines ‘foreign direct investment’ as a category of international investment whereby there exists “a resident entity in one economy (direct investor) with the objective of establishing a lasting interest in an enterprise resident in an economy other than that of the investor (direct investment enterprise).”……………………………………….Full Article: Source

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