Sat, Aug 2, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 18.Dec 2012

Posted on 18 December 2012 by VRS |  Email |Print

State Oil Fund of the Republic of Azerbaijan (SOFAZ), announced on December 17, 2012 its first real estate investment, with the purchase of 78 St James’s Street, an office complex in London’s West End for £177 350 000. The seller was RREEF Real Estate, the real estate investment business of Deutsche Bank’s Asset and Wealth Management division. Jones Lang LaSalle and Clifford Chance were the advisors to SOFAZ on this deal.
St James is a well-known prime location for exclusive office properties within London. 78 St James Street is located in one of the most prestigious parts of St James and is a Grade II listed building. 78 St James Street building was built in 1845 and was completely renovated in 2003 behind the historical facade and now corresponds to “A” class office building……………………………………….Full Article: Source

Posted on 18 December 2012 by VRS |  Email |Print

The creation of Sovereign WealthFund (SWF) by the Federal Government is perceived to be a noble idea. but its implementation is now dogged with resistance from no less a quarter than the governors of various states of the federation, culminating in a suit before the Supreme Court. The state governments are challenging the legality of the excess crude account and the Federal Government’s alleged transfer of $1 billion from the account to SWF.
in this interview, Kayode Sofola (SAN), an experienced commercial lawyer, who has always participated in various national assignments, including those relating to the swf, explains the idea behind it. he also spoke on other related issues……………………………………….Full Article: Source

Posted on 18 December 2012 by VRS |  Email |Print

Godrej Industries Ltd. said Singapore state-investment company Temasek Holdings Pte. Ltd has agreed to buy a 20% stake in its Godrej Agrovet Ltd. unit for 5.72 billion rupees ($105 million).
Godrej Agrovet is an agribusiness company with interests in animal feed, oil palm, herbicides, hybrid seeds and poultry. It had sales of 24.60 billion rupees in the last financial year ended March 31……………………………………….Full Article: Source

Posted on 18 December 2012 by VRS |  Email |Print

Khazanah Nasional Bhd will sell all its controlling 45 per cent stake in Time Engineering Bhd (TEB) via a tender to a qualified Bumiputera company. The latest disposal will be Khazanah’s last of five non-core assets to be divested under such exercise.
Main Market-listed TEB provides solutions for e-commerce, cyber security and integrated intelligent infrastructure. TEB shares closed unchanged at 29 sen with 1.6 million shares transacted……………………………………….Full Article: Source

Posted on 18 December 2012 by VRS |  Email |Print

Philippines could set up a sovereign wealth fund (SWF) with our excess reserves. The $14 billion mentioned above, which by the end of the year will probably be $15 billion would be the seed money. That is enough to double our infrastructure spending which is currently 2.5 per cent of GDP to the recommended 5 per cent, over the next five years. With that added spending, the government could easily meet its aspirational stretch target of growing the economy by 7-8 per cent a year.
Every year, depending on how well our balance of payments performs, we could just keep adding to the SWF……………………………………….Full Article: Source

Posted on 18 December 2012 by VRS |  Email |Print

Sovereign-wealth fund China Investment Corp. is expected to make a profit on its overseas investments this year, Vice President Wang Jianxi was cited as saying. Overseas investments performed better this year than last. They will definitely be in profit, Mr. Wang said in the report without providing figures.
The sovereign-wealth fund reported a 4.3% loss on international investments last year–the worst performance since being established in 2007……………………………………….Full Article: Source

Posted on 18 December 2012 by VRS |  Email |Print

SimCorp announces that it has signed a licence agreement with a leading Asian Sovereign Wealth Fund (SWF) to consolidate and manage all of its diversified assets in a single, front, middle and back office system.
SimCorp Dimension will be used by the SWF for Trade, Order & Portfolio Management, Compliance, Risk & Performance, Asset Servicing, Accounting, IFRS, General Ledger, Reporting and Data Management. (Press Release)

Posted on 18 December 2012 by VRS |  Email |Print

The Central Bank of Azerbaijan has announced a change in its forecast of foreign exchange reserves for 2013. CBA deputy chairman Aftandil Babayev says that in 2012, as it was expected, the Bank’s currency reserves will reach $12 bn.
“They are expected to grow up to $15 bn by the end of 2013,” Babayev said. In 2012, the Bank is expected to conduct manat interventions and buy $2 bn from the market, and in 2013 they will amount to $15 bn………………………………………Full Article: Source

See more articles in the archive

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031