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Sovereign Wealth Funds Briefing 14.Feb 2013

Posted on 14 February 2013 by VRS |  Email |Print

The Kremlin’s sovereign wealth fund is seeking to bring China’s $480 billion counterpart into the Moscow Exchange’s initial public offering as an anchor investor, three people with knowledge of the matter said.
Chengdong Investment Corp., a unit of CIC International Co., may get as much as 25 percent of the shares being offered in the IPO, which the Moscow Exchange plans to complete tomorrow, said the people, who asked not to be identified because the information isn’t public………………………………………..Full Article: Source

Posted on 14 February 2013 by VRS |  Email |Print

President Ilham Aliyev said Azerbaijan, an energy-rich former Soviet nation, is considering investing in Asian and Latin American markets given its close political ties with countries in each region.
“Our relations with Asian countries are developing very successfully, based on mutual respect and non-interference in each other’s affairs,” Aliyev said in comments published on his website today. “Asia and Latin America look attractive in terms of diversifying our investment portfolio.”……………………………………….Full Article: Source

Posted on 14 February 2013 by VRS |  Email |Print

Azerbaijan’s $34 billion sovereign-wealth fund plans to buy commercial real estate in Australia as part of a strategy to add assets down under. “We plan to travel to Australia in order to meet with the leading market participants including regulators, developers, asset owners, and overseas investors to gain deeper understanding of the market,” said the State Oil Fund of the Republic of Azerbaijan, or Sofaz.
“This trip is planned to take place during the course of this year.” The former Soviet republic, known for caviar and oil, is among a growing number of foreign investors seeking out higher returns from commercial real estate in Australia………………………………………..Full Article: Source

Posted on 14 February 2013 by VRS |  Email |Print

Azerbaijan is planning to take some of its $34 billion in state oil wealth on a trip Down Under, where it will shop for real estate (paywall), as the sovereign wealth fund told the Wall Street Journal. That makes the Azeri fund the latest sovereign wealth fund to board the property investment bandwagon.
Norges Bank Investment Management—the world’s biggest sovereign wealth fund, which manages Norway’s pension fund—got this bandwagon rolling last year, when it announced that it was carving out room in its traditionally bond- and equities-heavy portfolio to make room for a 5% allocation toward real estate investments. The $703-billion fund has since snapped up properties—most of them office complexes and malls—in London, Paris, Frankfurt, Berlin, Zurich and Sheffield………………………………………..Full Article: Source

Posted on 14 February 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund raised its stake in luxury jeweler Tiffany & Co by one percentage point to 8.7 percent. Qatar Investment Authority (QIA) was already the single largest shareholder in Tiffany. Shares in the company increased 0.4 percent to US$ 63.32 on the New York Stock Exchange following the announcement.
In 2012 QIA has been buying minority equity stakes in other large companies, including in oil companies as Shell and Eni………………………………………..Full Article: Source

Posted on 14 February 2013 by VRS |  Email |Print

The Australian Greens have again raised concerns about the Future Fund investing in tobacco companies. The government-owned fund, run by an independent board, has investments of $221 million in 15 tobacco companies, a Senate Estimates hearing was told on Tuesday.
It last purchased tobacco stock in May 2012 in the Czech Republic division of Philip Morris. Greens deputy leader Adam Bandt said it was “outrageous” taxpayers’ money was being used this way………………………………………..Full Article: Source

Posted on 14 February 2013 by VRS |  Email |Print

Two former senior dealmakers at London-based buyout group Permira have re-emerged on the private equity scene without a fund to invest. Instead, they will be adopting a deal-by-deal model that many in the industry are increasingly turning to.
The partners will not be trying to raise a traditional buyout fund, they said, but rather tap a handful of sovereign wealth funds and high net worth individuals for every deal they find. They are entering formal talks with two sovereign wealth funds to sell a minority stake in their company, in a move to tighten the ties with the investors, they told the Financial Times………………………………………..Full Article: Source

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