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Sovereign Wealth Funds Briefing 27.Jul 2012

Posted on 27 July 2012 by VRS |  Email |Print

Lou JiweiChina Investment Corporation, one of the largest sovereign wealth funds in the world, is poised to plough more money into energy, resources and infrastructure assets as it reduces its exposure to the volatile sharemarket after posting a 4.3 per cent loss on its global portfolio last year.
The prospect of the $482 billion fund unleashing its war chest on the resource sector will provide hope for many Australian companies starved of capital as funding sources in Europe and the US dry up………………………………………..Full Article: Source

Posted on 27 July 2012 by VRS |  Email |Print

Increased diversification and insourcing of talent failed to pay off for Chinese sovereign fund CIC last year after it recorded its worst annual performance since inception in 2007.
China Investment Corporation saw a loss of -4.3% in 2011, in contrast to a gain of 11.7% in 2010, according to its annual report released earlier this week. It finished the year with $482 billion in AUM, up 17.8% from $409 billion in 2010. Of the latest figure, 57% was managed externally – a reduction from 59% at the end of 2010. It managed 43% of assets internally by the year’s close, from 41% in 2010………………………………………..Full Article: Source

Posted on 27 July 2012 by VRS |  Email |Print

China’s sovereign wealth fund suffered its worst year ever in 2011, losing 4.3 per cent on its global investment portfolio. In an annual report that has become the focal point of its efforts to portray itself as a transparent institution, China Investment Corp also confirmed that it had received a $30bn capital injection from the government at the end of last year, boosting its investment firepower.
CIC was established in 2007 with money carved out from China’s foreign exchange reserves and given a mandate to make investments that would generate higher returns………………………………………..Full Article: Source

Posted on 27 July 2012 by VRS |  Email |Print

China’s currency-reserves manager has committed $500 million to a real-estate private-equity fund managed by Blackstone Group LP, according to people familiar with the matter, as China seeks to diversify its mammoth foreign-exchange holdings into higher-yielding assets.
The State Administration of Foreign Exchange, an arm of China’s central bank that oversees the country’s $3.2 trillion in foreign-exchange reserves, has been increasingly looking for investments in private equity as a way to enhance returns on the reserves. China boasts the world’s largest currency reserves, much of which have been parked in ultra-low-yielding assets such as U.S. government bonds………………………………………..Full Article: Source

Posted on 27 July 2012 by VRS |  Email |Print

Morrison & Co, a specialist investment management firm based in New Zealand and Australia, is seeking to raise up to $1 billion for a private equity fund that will seek low-risk infrastructure projects globally.
One of its clients is the NZ$17.7 billion ($13.9 billion) New Zealand Superannuation Fund, the country’s sovereign wealth investor. Since 2006, Morrison has managed a long-term discretionary global infrastructure investment mandate. This is conducted primarily through Infratil, Morrison’s closed-end fund, listed dually on the New Zealand and Australian stock exchanges………………………………………..Full Article: Source

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