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Sovereign Wealth Funds Briefing 21.Feb 2013

Posted on 21 February 2013 by VRS |  Email |Print

Chile will siphon US$2 billion into a state-owned investment fund that, in part, buffers the country against the ups and downs of international markets, Finance Minister Felipe Larraín said Wednesday. He projected the sovereign wealth fund (SWF) to climb to US$22.9 billion, inching past US$22.7 billion for the first time since the 2008 financial crisis hit.
Given this fund’s boost, Chileans are calling on the government to shoulder a greater slice of the country’s sky-high gasoline prices……………………………………Full Article: Source

Posted on 21 February 2013 by VRS |  Email |Print

Singapore state investor Temasek Holdings Pte Ltd has hired the deputy chief executive of Singapore Technologies Engineering Ltd as a senior managing director to look at investment opportunities in the liquefied natural gas sector.
Seah Moon Ming, an electronics engineer by training who oversaw four business units at ST Engineering, will be part of a new “enterprise development group” formed under Dilhan Pillay Sandrasegara, sources with direct knowledge of the matter told Reuters……………………………………Full Article: Source

Posted on 21 February 2013 by VRS |  Email |Print

Sovereign wealth funds and endowments lapped up permits to buy Indian government and corporate bonds as the signs of macro-economic stability are getting stronger and the returns, at least in rupee terms, remain higher than peers.
The Securities & Exchange Board of India received bids for .Rs34,984 crore of corporate bonds where the auctioned amount was Rs 26,925 crore, with total investors at 49. “The auctions are an indication of appreciation of yield pick-up available here,” said Parthasarthy Mukherjee, president, treasury and international business, Axis Bank…………………………………..Full Article: Source

Posted on 21 February 2013 by VRS |  Email |Print

A plan by Qatar Holding, one of gas-rich Qatar’s main state investment funds, to seek a credit rating will cast more light on its multibillion-dollar international investments after questions over some of its dealings in recent months.
Ahmad al-Sayed, the chief executive of Qatar Holding, a subsidiary of Qatar’s sovereign wealth fund, said on Tuesday that the fund was preparing for a rating in the coming months, which would force the global investor to be more transparent……………………………………Full Article: Source

Posted on 21 February 2013 by VRS |  Email |Print

Qatar is starting a $12 billion investment fund to buy distressed assets abroad in a bid to profit on the weakness of global markets. Qatar is joining several other players, including American and Chinese funds also targeting financial assets of foreign companies on the edge of bankruptcy or those already going through it.
The Doha Global Investments fund will receive $3 billion from Qatar’s sovereign wealth fund’s unit Qatar Holding LLC, Bloomberg reports. It will operate separately from the country’s sovereign wealth fund, although the two funds could take joint actions on many investments. It also plans to offer $3 billion in shares for the local investors to buy over the next six to eight weeks……………………………………Full Article: Source

Posted on 21 February 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund may regret spinning off part of its business. The Gulf emirate known for snapping up high-profile stakes in publicly listed entities is giving ordinary investors a chance to get a piece of the action. That, though, opens up the absolute monarchy to one risk it loathes: public criticism.
Doha Global Investment, as the new fund is called, is Qatar’s latest asset-management foray - the sovereign fund has smaller joint ventures with Credit Suisse and Barclays . Doha Global creates a new channel to redistribute Qatar’s hydrocarbon wealth as well as boost liquidity on the local exchange……………………………………Full Article: Source

Posted on 21 February 2013 by VRS |  Email |Print

The Alaska Permanent Fund Corp. announced the fund hit the mark Tuesday. The corporation tracks the fund daily. CEO Mike Burns said hitting $45 billion is a sign the Alaska Permanent Fund has not only regained ground lost during the recession but also that it is growing.
Burns says the fund, by any measure, has been very successful. He says the patience Alaskans have had in growing the fund is extraordinary, and says it takes a lot of political will to keep the fund off limits for use on other things……………………………………Full Article: Source

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