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Sovereign Wealth Funds Briefing 13.Jul 2012

Posted on 13 July 2012 by VRS |  Email |Print

Ding WeiTemasek Holdings Pte Ltd will maintain its stake in China’s banking sector in the long term despite a possible economic slowdown and the ongoing interest rates reform, the Singapore state investor said on Thursday.
“Seeing the current increase in consumption and ongoing urbanization, we are still confident in China’s economic potential,” Ding Wei, head of operations at Temasek China, said………………………………………..Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

The Marina Bay area will see a new addition to its skyline come 2017 with the completion of the $7 billion Marina One - a Khazanah-Temasek mixed development project which had its ground-breaking ceremony.
Marina One is one of two projects undertaken by M+S Pte Ltd, the 60:40 joint venture between Khazanah Nasional and Temasek Holdings, as part of a land swap deal between Singapore and Malaysia. Together, the projects have a development value of $11 billion………………………………………..Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

Temasek Holdings, a Singapore-based investment company, has appointed MPG Media Contacts Singapore to handle its global media planning and buying duties. The account was transferred following a pitch that included OMD. MPG was unable to disclose the value of the business.
It is understood that MPG Media Contacts’ existing relationship with DBS Bank, which is part of Temasek Holdings, played a role in the appointment………………………………………..Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

Malaysia government-backed hospital operator IHH Healthcare Bhd. has raised about $2.0 billion in the world’s third largest initial public offering so far this year, becoming the latest Southeast Asian company to raise funds thanks to strong backing from sovereign wealth and pension funds.
The company, partly owned by the investment holding arm of Malaysia’s sovereign wealth fund Khazanah Nasional Bhd., attracted 22 cornerstone investors who have committed to buying 62% of the total shares on offer. Sovereign wealth fund Kuwait Investment Authority, Government of Singapore Investment Corp., a unit of Singapore state-investment company Temasek Holdings Pte. Ltd. and International Finance Corp., an investment arm of the World Bank., are among the cornerstone investors in the IPO………………………………………..Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

Norway’s Government Pension Fund is only 20 years old, but is more than 30 times the size of Alberta’s Heritage Investment Fund, which former premier Peter Lougheed started for “a rainy day” 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.
Norway posts such monster economic statistics that it is impossible to avoid superlatives. So rosy are its books and so high its standard of living that it has been rated No. 1 on the UN’s Human Development Index for nine of the first 11 years of this century………………………………………..Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

The establishment of Malita Investments plc, the investment holding company mandated to acquire, develop and manage strategic real estate, will ensure a structure that allows future national projects to be realised, chairman Kenneth Farrugia has insisted.
“What is wrong with having a sovereign wealth fund ‘lookalike’ which is in a position to independently fund national projects as against the legacy system of funding them from the government’s coffers?” he asked. “Malita’s business is at arm’s length, there is more focus, more ownership from the public. Malita will be on the Malta Stock Exchange’s official list which requires full transparency.”……………………………………….Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

In London Qatar Holdings and the Qatar Investment Authority, have been on a long shopping spree, spending more than US$20 billion in recent years on purchasing Chelsea Barracks, Harrods and the Olympic Village.
Qatar is the largest shareholder in Barclays Bank. Its global investment strategy most recently has seen the statelet aggressively pursue new openings in China………………………………………..Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

The country’s sovereign wealth fund — the Qatar Investment Authority (QIA) — is the 12th largest in the world with $85 billion in assets. Through holding and property subsidiaries, Qatar has gobbled up billions of dollars in real estate, retail, sporting, financial, and cultural investments.
This year, according to Bloomberg, the QIA intends to spend $30 billion………………………………………..Full Article: Source

Posted on 13 July 2012 by VRS |  Email |Print

The Chartered Institute of Stockbrokers (CIS) advised the Federal Government to use listing on the floor of the Nigerian Stock Exchange (NSE) as condition for the renewal of telecommunications licences. Also, the institute said that the Sovereign Wealth Fund (SWF) should be channeled into the market as part of measures to tackle the challenges of liquidity.
CIS argued that it was an “error” on the part of the Federal Government to have issued the telecommunications licences without insisting that the firms put measures in place to list their shares in the capital market………………………………………..Full Article: Source

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