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Sovereign Wealth Funds Briefing 18.Jan 2013

Posted on 18 January 2013 by VRS |  Email |Print

Singapore state investor Temasek Holdings Pte Ltd is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a person with knowledge of the matter said.
“It’s not happening,” the person familiar with the situation told Reuters on Thursday, responding to media reports that Temasek is one of the potential investment partners Silver Lake has tapped to join. A Temasek spokesman declined to comment on market speculation………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

Khazanah Nasional Bhd., Malaysia’s state investment company, said the value of its holdings rose 24 percent last year after making gains from divesting shares in companies, including Asia’s biggest hospitals operator.
The net asset value of Khazanah’s investments climbed to 86.9 billion ringgit ($29 billion) at the end of 2012 from 70 billion ringgit a year earlier, the Kuala Lumpur-based fund said in a statement today. It outperformed a 10 percent gain in the benchmark FTSE Bursa Malaysia KLCI Index, which closed the year at a record………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

Khazanah Nasional Bhd , Malaysia’s state investment arm, saw its total portfolio value swell 12 percent to 121.6 billion Malaysian ringgit ($40.3 billion) at the end of last year, a top executive said. Azman Mokhtar, managing director of Kuala Lumpur-based Khazanah Nasional Bhd, said the increase reflected the success of the firm’s investment strategy.
“We believe the portfolio is balanced and well-positioned to benefit from exposure into the Asia-Pacific growth region as well as several dynamic sectors that we expect to continue outperforming,” Azman told reporters at an annual review on Thursday………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar has brushed off suggestions that flag carrier Malaysia Airlines should be taken private. “When you take something private, you have to pay above the market price. It does not put money into the company, that goes to the seller. But the operation needs money. Do those suggesting this realise this?
“Yes, we can take it private, but that doesn’t solve any problems. In fact you have to pump in more money because now you own 100%,” he told the media at the state investment firm’s annual review………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

Canada’s Sun Life Financial Inc and Malaysian state investor Khazanah will buy the Malaysian insurance joint venture of Britain’s No.2 insurer Aviva Plc and lender CIMB Group.
The deal helps Sun Life, Canada’s No. 3 insurer, expand in Southeast Asia, a region that insurers are increasingly interested in because of its rapid growth, high savings rates, and young population. Aviva is exiting markets across the world to boost its underperforming share price………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

China Investment Corp. (CIC) will expand its investments in manufacturing and real estate this year in search of better returns, says Lou Jiwei, chairman of the country’s sovereign wealth fund.
Lou said that CIC long focused on investments in the financial and commodities sectors, but this year it would increase investment in manufacturing in a bid to further diversify. CIC would also increase investment in industries with stable returns, such as real estate and infrastructure………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

Middle Eastern sovereign wealth funds are likely to set their sights beyond their traditional investments of trophy assets in London over the next two years as spending climbs back towards boom levels.
Economists at CBRE said yesterday that investment flows from the Middle East into European property totalled about Dh20.2bn (US$5.5bn) last year - about 90 per cent of all Middle Eastern investment into property outside of the region………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

The Abu Dhabi Investment Authority is in “extensive” talks with Mirvac Group to acquire a stake in 190-200 George St. in central Sydney, The Australian Financial Review reported Jan. 16.
The A$500 million office block is tipped as the new headquarters for Ernst & Young. AMP Capital holds a 50% option over the tower and is expected to acquire the half share within the “next few months,” according to the publication………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

Azerbaijan’s State Oil Fund plans to double its gold holdings this year to 30 metric tons and invest in real estate in Asian capitals as it diversifies reserves. The fund, known as Sofaz, bought almost 15 tons of bullion last year as part of its plan to spend $1.5 billion to purchase 30 tons of gold in 2012 and 2013, Executive Director Shahmar Movsumov told state television channel AzTV.
Sofaz, which last month announced acquisitions of properties in London, Paris and Moscow, plans to focus on real estate in Asian capitals this year, Movsumov said………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

A Wednesday meeting at JSC “Samruk-Kazyna” National Welfare Fund” focused on the new “Kazakhstan-2050″ Strategy: new political course of a successful country”. The event brought together reps of the local maslikhat and the ‘Nur Otan’ People’s Democratic Party. The participants noted the party should use available resources to solve problems of the population.
Besides, those present pointed out in order to implement the new state-of-the-nation address of President Nazarbayev it is crucial to explain all the aspects of the document and new principles of the social policy to people………………………………………..Full Article: Source

Posted on 18 January 2013 by VRS |  Email |Print

Data released earlier this week by the Sovereign Wealth Institute reveal that total direct investments made by sovereign wealth funds in 2012 was $57.3 billion. That figure is down 36% from 2011’s $89.5 billion, and down 46% from a high of $105.6 billion.
The largest growth by sector was seen in consumer staples, information technology, materials and real estate; while direct investments in media and entertainment, financials, telecom and industrials saw the greatest declines………………………………………..Full Article: Source

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