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Sovereign Wealth Funds Briefing 23.Jul 2012

Posted on 23 July 2012 by VRS |  Email |Print

Mahmood Hashim Al KoohejiBahrain Mumtalakat Holding Co. BSC, the Island-Kingdom’s sovereign wealth fund, doesn’t plan to sell new debt at the moment, Alayam reported, citing chief executive officer Mahmood Al Kooheji.
The fund, which manages $8.8 billion in assets, will seek to extend the repayment period on existing debt and focus on reducing debt levels, Al Kooheji told the Bahraini newspaper. The company raised $750 million from the sale of bonds in 2010………………………………………..Full Article: Source

Posted on 23 July 2012 by VRS |  Email |Print

Morgan Stanley (MS) (MS) is in advanced talks to sell part of its commodities business to the Qatar Investment Authority for $1 billion or more, CNBC reported, citing unidentified people familiar with the matter.
Negotiations, which could still fall apart, have focused on selling a minority stake in the unit to the sovereign-wealth fund, CNBC said. Mary Claire Delaney, a spokeswoman for the bank, declined to comment on the report. There was no response to an e-mail sent to the Qatari fund’s press office………………………………………..Full Article: Source

Posted on 23 July 2012 by VRS |  Email |Print

Morgan Stanley officials are in advanced talks with a Middle Eastern sovereign-wealth fund, the Qatar Investment Authority, about an investment in the bank’s commodities unit, say several people familiar with the matter, and a deal could be imminent.
Such a sake could give the Qatari fund a toehold in the robust global business of trading paper and physical stocks of commodities like crude oil, natural gas, and metals, while at the same time providing an influx of capital for Morgan Stanley………………………………………..Full Article: Source

Posted on 23 July 2012 by VRS |  Email |Print

Qatar’s growing investments in foreign markets is part of the country’s strategy to diversify its income sources and protect its shield its economy against possible fall below expectations of oil and gas prices, economic experts said.
Hussein al-Abdullah, executive board member of the Qatar Investment Authority, has predicted the country’s investments abroad to reach more than $ 30 billion in 2012. Part of Qatar’s recent major investments abroad include London’s Shard Tower, a 3 percent stake in French oil giant Total, a 5-billion investment in the China’s stock market, the purchase of the building that houses Le Figaro newspaper in Paris, and the purchase of a 6 percent stake in Iberdrola, Spain’s biggest power utility………………………………………..Full Article: Source

Posted on 23 July 2012 by VRS |  Email |Print

The Russian Direct Investment Fund (RDIF) is a $10 billion fund established by the Russian government to make equity investments primarily in the Russian economy. The fund, which is in essence, the first sovereign wealth fund that functions as a private equity fund, announced its second investment in the MICEX-RTS exchange, in a transaction that will increase the funds stake to 2.7%.
The transaction was completed as a joint effort between RDIF and US-based, private equity firm Cartesian Capital Management. Cartesian will now own approximately 2.5% of the Moscow Exchange. The stakes were purchased from ZAO UniCredit Bank, based in Russia. UniCredit will still maintain a 6% stake in the exchange following the transaction………………………………………..Full Article: Source

Posted on 23 July 2012 by VRS |  Email |Print

The Greens’ push to force the Future Fund to ditch $225 million worth of tobacco shares has been supported by anti-smoking groups, who say the investments contradict government policy goals.
The taxpayer-owned fund, which has also invested in nuclear arms, revealed in May that the value of its tobacco shares had swelled by more than 50 per cent between late 2010 and this February………………………………………..Full Article: Source

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