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Sovereign Wealth Funds Briefing 23.Jan 2013

Posted on 23 January 2013 by VRS |  Email |Print

Some 85 per cent of the total value of the investment portfolio of Azerbaijani state oil fund SOFAZ for 2013 will be formed by monetary market instruments and the debt market. This is stipulated by the investment policy for 2013, approved by President Ilham Aliyev, according to Trend news agency.
Up to five per cent of the investment portfolio may be invested in stocks, up to five per cent in real estate and five per cent in gold, the document says. The projected total cost (average amount) of SOFAZ’s investment portfolio for 2013 was set at 25.2 billion manat, while as of late 2012 it was projected at 23 billion manat………………………………………..Full Article: Source

Posted on 23 January 2013 by VRS |  Email |Print

The Financial Services Association wants to encourage the UAE’s vast sovereign wealth funds to invest in local bourses to boost market liquidity and help develop a domestic industry for expatriate pensions. The industry group is also hoping to engage with the Central Bank and the Securities and Commodities Authority (SCA) as they conduct wholesale reform of financial regulation.
The FSA, which first found its voice as a means of uniting industry opinion during the outcry over the SCA’s regulation of mutual funds last year, is now seeking to actively influence policy decisions and promote the health of the market, said Arwa Hamdieh, the association’s co-founder………………………………………..Full Article: Source

Posted on 23 January 2013 by VRS |  Email |Print

The Abu Dhabi Investment Authority (ADIA) has appointed Gregory Eckersley as global head of internal equities, effective immediately. Eckersley will be responsible, alongside senior management, for developing and implementing investment strategy for the internal equities department, as well as overseeing the activities of all internally-managed portfolios.
His role will also include oversight of risk management and due diligence processes. Based in Abu Dhabi, Eckersley will report to Mohamed Darwish Al Khoori. Eckersley joins ADIA with 16 years experience at AllianceBernstein. From 2006 until his departure in 2011, he was responsible for managing AllianceBernstein’s global and large cap growth equity portfolios based in New York………………………………………..Full Article: Source

Posted on 23 January 2013 by VRS |  Email |Print

More sovereign wealth fund capital is likely to be invested in Paris property as its managers come under rising pressure to find the core assets and place growing amounts of national savings, say French property specialists. Malaysia’s PNB may be the next to jump the Channel from London following Hong Kong’s Monetary Authority and, more recently, Azerbaijan’s SOFAZ.
Olivier Gerard, President of Cushman & Wakefield France, which advised the State Oil Fund of Azerbaijan (SOFAZ) on its recent acquisition – a €135m historic office asset on the Place Vendome - said Paris is next in line for sovereigtn capital previously most active in New York and London………………………………………..Full Article: Source

Posted on 23 January 2013 by VRS |  Email |Print

The New Zealand Superannuation fund is ahead of its long-term target after notching up strong returns in 2012, the latest data show. Since the fund’s launch in September 2003 it has returned 7.92%, exceeding the 90-day Treasury Bill rate by 2.84%.
The Fund’s long-term performance target is to beat the Treasury Bill rate by at least 2.5%. The New Zealand Superannuation fund returned 19.17% for the 12 months to 31 December 2012 and finished the year at a record high for the month-end of $20.92 billion, up from $17.73 billion at the end of 2011……………………………………….Full Article: Source

Posted on 23 January 2013 by VRS |  Email |Print

The easing of fears over the European debt crisis and the state of China’s economy led to a boost in foreign stocks held by the Alaska Permanent Fund Corp. Officials with the corporation that oversees Alaska’s oil wealth portfolio says the fund ended the second quarter of the fiscal year with a return of 2.7 percent.
The corporation says the fund is up 7.3 percent for the year, and had a value Dec. 31 of $43.7 billion………………………………………..Full Article: Source

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