Thu, Nov 27, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 19.Nov 2012

Posted on 19 November 2012 by VRS |  Email |Print

Taiwan’s finance minister has proposed consolidating four state-run pension funds into a new $240 billion sovereign wealth fund, although fund managers appear pessimistic this will lead to more external mandates.
Chang Sheng-Ford submitted the plan last week to the economic planning and development council which advises the Executive Yuan, the government’s highest administrative body. If approved, it would catapult the fledgling entity into the world’s top 10 sovereign funds by assets, just behind the eighth-placed Government of Singapore Investment Corporation (GIC), which manages around $247 billion………………………………………..Full Article: Source

Posted on 19 November 2012 by VRS |  Email |Print

Top official at China’s £300bn sovereign wealth fund said that the depth of public anger in the eurozone could lead to a ‘complete discarding’ of austerity programmes.
Opposition to Europe’s austerity programmes intensified on Friday as a top official at China’s £300bn sovereign wealth fund warned that the public are at “breaking point” and protesters demonstrated in solidarity against the International Monetary Fund in Manila………………………………………..Full Article: Source

Posted on 19 November 2012 by VRS |  Email |Print

The chairman of China’s $482bn (£303bn) sovereign wealth fund has warned that the eurozone’s current strategy to tackle the debt crisis is “leading us up a blind alley”.
Jin Liqun, chairman of the supervisory board of the China Investment Corporation, outlined risks that China’s economy faces, including the festering crisis in the eurozone. The current strategy is leading us up a blind alley,” Jin said of efforts so far by European policymakers to solve the crisis………………………………………..Full Article: Source

Posted on 19 November 2012 by VRS |  Email |Print

A top official with China’s sovereign wealth fund has issued a blunt warning that the latest unrest across the eurozone shows austerity has stretched the public’s tolerance “to breaking point”.
Jin Liqun, chair of the supervisory board of the $480bn (£300bn) China Investment Corporation (CIC), warned that undue harshness risked a backlash which could end with necessary economic reforms being abandoned………………………………………..Full Article: Source

Posted on 19 November 2012 by VRS |  Email |Print

Disagreements over which ministry is to house the country’s Sovereign Wealth Fund (SWF), into which proceeds from natural resource rents such as royalties are to channeled, have stalled establishment and running of the fund, according to the Economic Planning and Development ministry.
Government’s medium term plan for the economy launched last year identified the need to establish the SWF to effectively manage natural resource rents such as royalties. However, the unity government, whose establishment was precipitated by hackling over which political party would hold which portfolio, is yet to come up with a decision as to under which ministry the SWF should be placed………………………………………..Full Article: Source

Posted on 19 November 2012 by VRS |  Email |Print

Kuwait Financial Centre, Markaz, has been appointed by the Kuwait Investment Authority to manage its National Real Estate Portfolio. The agreement will see Markaz set up and manage a portfolio of properties with a value of not more than $885.7m (KWD: 250m) over a ten-year period.
This would equate to around 28.6% of all of the assets under management held by Markaz at September 30, 2012. Fees will be dependent both on the amount invested and the portfolio’s returns………………………………………..Full Article: Source

Posted on 19 November 2012 by VRS |  Email |Print

Slower growth in the US, eurozone and China would have knock-on effects in the GCC, but the region is “insulated” from potential global economic shocks on the back of strong sovereign wealth fund assets and international reserves, according to Qatar National Bank, or QNB.
Additionally, the region’s sovereign wealth funds, or SWFs, have external assets valued at just under $1 trillion, according to the IMF. Therefore, SWF assets and international reserves collectively total over 120 per cent of regional GDP………………………………………..Full Article: Source

Posted on 19 November 2012 by VRS |  Email |Print

Italy is seeking investments into its sovereign fund by Abu Dhabi Investment Authority and UAE capital, Giorgio Starace the Italian Ambassador to the UAE, told Gulf News on Sunday.
Italian Prime Minister Mario Monti will pay a one-day official visit to the UAE on November 20. He will hold talks with His Highness President Shaikh Khalifa Bin Zayed Al Nahyan in Al Ain and sign an agreement for further cooperation between the two countries in economic, political, military and cultural fields………………………………………..Full Article: Source

See more articles in the archive

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930