Thu, Oct 2, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 11.Dec 2012

Posted on 11 December 2012 by VRS |  Email |Print

George Osborne confirmed the launch of the UK’s first Future Sovereign Wealth Fund, tasked with ‘creating and sustaining a world-class Royal Baby Expert Industry for at least the next 21 bloody years’. £6million has been set aside for much-needed infrastructure projects, such as widening the pavements outside Kensington Palace and making sure all hotels near posh universities can handle bookings up to 2030.
A further £3million will provide broadband connections, a baby name app, and a copy of ‘What to expect when you’re expecting’ to all journalism apprentices promising to ‘churn out any old shit, as long as it’s about royal babies’………………………………………..Full Article: Source

Posted on 11 December 2012 by VRS |  Email |Print

A newly released survey of the world’s largest retirement funds, insurance companies and sovereign wealth funds’ has found the industry’s overall management of climate risk to be vastly inadequate, with many funds lacking any form of climate policy, and many more failing to adjust their investment decisions as a result of climate change.
“This first survey of the of the world’s 1,000 largest retirement funds, insurance companies and sovereign wealth funds’ …paints a disturbing overall picture of greenwash and reckless mismanagement but with some signs of progress,” said Dr John Hewson, chairman of the independent not-for-profit organisation, Asset Owners Disclosure Project, which on Tuesday released the first ever global climate investment index, based on its findings………………………………………..Full Article: Source

Posted on 11 December 2012 by VRS |  Email |Print

Qatar is interested in Greek defence companies being privatised and could submit investment plans when Prime Minister Antonis Samaras visits the Gulf state early next year, Greece’s defence minister said on Monday.
Other investment areas expected to be discussed include real estate projects such as the Hellenikon project, a 620-hectare development near central Athens, Europe’s largest real estate project. Qatar Holding, the investment arm of Qatar’s sovereign wealth fund, is participating in the tender of this project………………………………………..Full Article: Source

Posted on 11 December 2012 by VRS |  Email |Print

At issue is the $7.5bn investment that Abu Dhabi Investment Authority, a large sovereign wealth fund, made in Citigroup Inc. (C) in November 2007, just after the bank fired Chairman and CEO Chuck Prince. Michael Klein, one of Citigroup’s most senior investment bankers, negotiated the deal; Robert Rubin, the former Treasury Secretary, in nearly his first official act after taking over for Prince as Citigroup’s chairman, flew off to Abu Dhabi to bless it.
A year later, of course, Citigroup collapsed, and American taxpayers bailed it out to the tune of $45bn, plus another $306bn to ring-fence a pile of toxic assets. ADIA, as the Abu Dhabi fund is known, lost nearly its entire investment after Citigroup’s shares were diluted down to pennies on the dollar by the rescue financing. (ADIA did receive some $2.5bn in dividends on its stock before Citigroup’s implosion.)……………………………………….Full Article: Source

Posted on 11 December 2012 by VRS |  Email |Print

Ghana’s petroleum revenue accruing to the state this year has hit USD340 million following the announcement of a third quarter receipt of USD64.91 million. Of the total receipts, USD146.5 million representing 42.7 per cent was transferred to the Ghana National Petroleum Corporation (GNPC).
The Ministry of Finance is yet to report on third-quarter transfers to the Ghana Petroleum Funds (GPF), which, according to the Petroleum Revenue Management Act, should receive any excess revenues above the quarterly Annual Budget Funding Amount (ABFA) – the share of revenues spent directly on the annual budget………………………………………..Full Article: Source

Posted on 11 December 2012 by VRS |  Email |Print

The chief of the Iskandar Regional Development Authority said Iskandar Malaysia in Johor will develop into a metropolis of international standing. “To grow into a big metropolis, you need the right ingredients and we have it all in Iskandar,” IRDA chief executive, Ismail Ibrahim, said.
Ismail said the Khazanah Nasional and Temasek Holdings partnership to develop parcels of land in Iskandar has spurred interest among Singaporean investors. The two sovereign wealth funds plan to build 3 billion ringgit worth of properties in Iskandar through their partnership called Pulau Indah Ventures. Ismail said the project showed confidence from Singapore, which would lead to more investments from the country and other global investors………………………………………..Full Article: Source

See more articles in the archive

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031