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Sovereign Wealth Funds Briefing 11.Oct 2012

Posted on 11 October 2012 by VRS |  Email |Print

Norway’s $650 billion sovereign wealth fund and joint venture partner AXA France Insurance Companies have agreed to buy two properties in Germany for 784 million euros ($1.01 billion) from the Royal Bank of Scotland , Norway’s central bank said on Wednesday.
The properties are located in Berlin and Frankfurt and are used mainly for office and retail purposes. The two partners will each hold 50 percent stakes in the properties, Norges Bank, which manages the wealth fund, said………………………………………..Full Article: Source

Posted on 11 October 2012 by VRS |  Email |Print

Axa Investment Managers SA and Norway’s sovereign-wealth fund agreed to buy two buildings in Frankfurt and Berlin for 784 million euros ($1 billion), the biggest German commercial real estate transaction this year.
The properties were sold by Royal Bank of Scotland Group Plc in a deal that will probably be completed by the end of the year, Axa Real Estate and Norges Bank Investment Management said……………………………………….Full Article: Source

Posted on 11 October 2012 by VRS |  Email |Print

What can wealthy private investors and their financial advisers learn from a largely unknown but gigantic Norwegian sovereign wealth fund? Quite a lot, it turns out. According to “Yale Versus Norway,” a white paper published in September by Greycourt, an independent investment adviser serving wealthy families and select institutions, there are characteristics of the Government Pension Fund Global, as the Norwegian fund is officially known, that make it “simpatico” with family investors.
While the paper ostensibly compares the management styles of the famed Yale endowment with Norway’s sovereign wealth fund, a good chunk of the paper is devoted to how high-net-worth families can adapt many of the investing principles of the “Norway model.”……………………………………….Full Article: Source

Posted on 11 October 2012 by VRS |  Email |Print

Nigeria’s sovereign wealth fund formally took off on Tuesday with the inauguration of the Nigeria Sovereign Investment Authority (NSIA) by President Goodluck Jonathan who said the fund should be used to drive infrastructure development that would benefit future generations.
President Jonathan told the NSIA, which is the governing board, that a new era of financial responsibility had come for Nigeria………………………………………..Full Article: Source

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