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Sovereign Wealth Funds Briefing 03.Oct 2012

Posted on 03 October 2012 by VRS |  Email |Print

Sheikh Hamad bin Jassim al-ThaniCash-rich and outward looking Qatar is a gold mine for advisers. Yet for those hoping to land work on any of the multi-billion dollar transactions led by the Gulf state, it’s no longer enough just to put in a call to its highest-profile sovereign wealth fund, the Qatar Investment Authority. Today,Qatar’s financial activities are spread across different but related entities, with blurred dividing lines.
Last week’s confusion over which Qatari entity is studying an investment in the AUX gold firm of Brazilian billionaire Eike Batista illustrates the problem. Qatar Holding, a QIA subsidiary that has taken an interest in gold mining, put out a rare and strongly worded denial of any involvement………………………………………..Full Article: Source

Posted on 03 October 2012 by VRS |  Email |Print

uryo Bambang SulistoThe Indonesian Chamber of Commerce and Industry, a strong private business lobby group, called on the government on Tuesday to establish an investment fund to be used to purchase overseas assets. The fund, should it be established, would act like Singapore’s Temasek Holdings and Malaysia’s Khazanah Nasional.
Suryo Bambang Sulisto, chairman of the lobby group, which is also known as Kadin, said now is the right time for the Indonesian government to buy assets abroad, as they are relatively cheap amid the sluggish global economy and debt crisis………………………………………..Full Article: Source

Posted on 03 October 2012 by VRS |  Email |Print

China would be interested in buying Eurobonds backed by core euro zone countries but considers it unrealistic to invest in bonds issued by heavily indebted European countries, Reuters reported Tuesday, citing China Investment Corp.’s (CIC) supervisory board chairman.
“It’s not realistic to expect any Chinese investor, CIC included, to buy the bonds, which are not safe,” Jin Liqun told Reuters on the sidelines of an investment conference in Moscow………………………………………..Full Article: Source

Posted on 03 October 2012 by VRS |  Email |Print

Chinese investors will not buy into bonds issued by debt-ridden euro zone countries until their fundamental problems are solved, a senior official with China’s $480 billion sovereign wealth fund said on Tuesday.
Jin Liqun, chairman of the supervisory board of the China Investment Corporation (CIC), said it is unlikely that the debt problems bedevilling euro zone countries will be solved until Europe is in super-critical situation. “There will be no solution, until there is no way out,” Jin said………………………………………..Full Article: Source

Posted on 03 October 2012 by VRS |  Email |Print

“It’s not realistic to expect any Chinese investor, CIC included, to buy the bonds, which are not safe,” Jin, a former vice finance minister of China, told Reuters on the sidelines of VTB Capital investment conference in Moscow on Tuesday.
“If the euro zone would issue a Eurobond backed by all of the (core) countries - it is more attractive to international investors.”……………………………………….Full Article: Source

Posted on 03 October 2012 by VRS |  Email |Print

Asset allocation refers to how much money you put into lower returning safe assets like government bonds versus higher returning risky assets like shares. All investors must consider this issue at some time but there is some disagreement as to what is the right strategy for sovereign wealth funds and other investment entities with ultra long investment horizons.
In NZ the NZ Super Fund has a longer investment horizon than most and with almost $20bn in assets it is one of the largest local funds………………………………………..Full Article: Source

Posted on 03 October 2012 by VRS |  Email |Print

Qatar’s Barwa Real Estate is looking to invest in the London property market before the end of the year, the company’s deputy group chief executive said on Tuesday. Barwa is 45-percent-owned by Qatari Diar, the property arm of the country’s acquisitive sovereign wealth fund, the Qatar Investment Authority.
“We’re looking for a few investments in Europe, mainly London. We’re interested in hotels, business towers and hope to finalise an investment before year end,” Ahmad Abdulla al-Abdulla told Reuters on the sidelines of the Cityscape real estate conference in Dubai. He did not give details on potential targets or how much the company is willing to invest in Europe………………………………………..Full Article: Source

Posted on 03 October 2012 by VRS |  Email |Print

Fitch Ratings has assigned Bahrain Mumtalakat Holding Company B.S.C.’s (’BBB’/Stable/’F3′) MYR3bn Sukuk Murabahah Programme a ‘BBB’ rating. The final rating is the same as the expected rating reflecting the completion of the issuance and receipt of final documents conforming to the information previously received by Fitch.
The Sukuk Murabahah Programme’s rating is in line with Mumtalakat ’s Long-term Issuer Default Rating (IDR) and senior unsecured rating. Mumtalakat is wholly-owned by the Government of Bahrain and was created to act as an independent holding company for the Government of Bahrain’s stakes in strategic non-oil and gas assets of the Kingdom of Bahrain………………………………………..Full Article: Source

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