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Sovereign Wealth Funds Briefing 26.Nov 2012

Posted on 26 November 2012 by VRS |  Email |Print

Qatar Holding LLC plans to sell Barclays Plc (BARC) shares valued at about 771 million pounds ($1.24 billion) as the sovereign wealth fund disposes of its remaining warrants in the U.K. bank.
Deutsche Bank AG (DBK) and Goldman Sachs Group Inc. (GS) are coordinating a placement of about 303.3 million shares, offered to institutional investors for 244 pence to 248 pence apiece, according to a term sheet obtained by Bloomberg News. Qatar Holding, based in Doha, said in a separate statement yesterday that it has monetized 379 million units of Barclays warrants………………………………………..Full Article: Source

Posted on 26 November 2012 by VRS |  Email |Print

After months of intense horse-trading between the Federal Government and governors of the 36 states of the federation on the possibility of reaching a consensus over plans by the Federal Government to transfer $1 billion from the Excess Crude Account to a new account to be known as the “Sovereign Wealth Fund,” the parties, yesterday, told the Supreme Court that the out-of-court settlement option failed to yield any dividend.
The governors had in a suit they filed before the apex court on October 23, 2011, sought an order declaring the planned creation of the “Sovereign Wealth Fund”, as illegal and unconstitutional………………………………………..Full Article: Source

Posted on 26 November 2012 by VRS |  Email |Print

Australia’s Future Fund has agreed a binding deal to pay two billion Australian dollars (US$2.08 billion) for the assets of Australian Infrastructure Fund, which owns stakes in airports across the country.
The A$80 billion quasi sovereign wealth fund has been gradually increasing its exposure to infrastructure, which now accounts for around 6.0% of its portfolio. The fund was set up by the government six years ago to pay for civil servant pensions………………………………………..Full Article: Source

Posted on 26 November 2012 by VRS |  Email |Print

Three months after it signalled its desire to acquire the assets within the Australian Infrastructure Fund, the Future Fund is now within sight of a completed deal and a major expansion of its tangible assets investment strategy.
The Future Fund announced that it has entered a binding agreement with the Hastings Funds Management-managed Australian Infrastructure Fund to acquire its underlying portfolio for an overall cost of $2 billion………………………………………..Full Article: Source

Posted on 26 November 2012 by VRS |  Email |Print

The New Zealand Superannuation Fund has chalked up a bumper month of gains, with its exposure to growth assets delivering higher returns as global share markets rallied in the second half of the year.
The fund, known colloquially as the Cullen Fund after former Finance Minister Michael Cullen, delivered a total return of 14 per cent in the 12-months ending October 31 excluding foreign currency hedging. Over a three-year period, assets under management returned 11.8 per cent, while over five years it delivered a gain of 2.4 per cent………………………………………..Full Article: Source

Posted on 26 November 2012 by VRS |  Email |Print

BlackRock is to launch its first foray into the global infrastructure debt market. Investors say the entry into the market by BlackRock, the giant fund manager with $3.67tn under management, will encourage other asset managers, pension funds and even sovereign wealth funds to invest in infrastructure.
The Kuwait Investment Authority, the world’s oldest sovereign wealth fund and one of the biggest globally, has signalled that it will invest in this market. But it wants to see big groups, such as BlackRock, and pension funds launch operations first………………………………………..Full Article: Source

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