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Sovereign Wealth Funds Briefing 11.Mar 2013

Posted on 11 March 2013 by VRS |  Email |Print

Norway’s oil fund, one of the biggest investors in the world, rose in value by 13.4% last year, its second-best performance ever. The central bank said the fund’s investments in shares jumped by 18.1% in 2012, boosted by soaring equity indexes around the world.
It is now worth 3.8tn krone (£450bn; $670bn), up from 3.3tn krone in 2011. Norway’s fund invests the money from its huge oil industry in the nation’s future. The sovereign wealth fund is now 40% bigger than the value of the entire Norwegian economy. If it was invested inside the nation, this would cause distortions like massive inflation………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Norway’s oil fund — the world’s largest sovereign wealth fund — almost halved its exposure to UK and French government bonds last year while increasing it to debt from the US, Japan and Germany. The $712 billion fund slashed its holdings of UK government debt from 110 billion kroner at the end of 2011 to 60 billion kroner at the end of December.
French bond holdings dropped from NKr80 billion to NKr44 billion over the same time period. The oil fund — known as Norges Bank Investment Management due to its position inside Norway’s central bank — enjoyed its second best year since its formation in 1998 as buoyant equity markets helped it to a return of 13.4 percent………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Norway’s sovereign wealth fund, one of the world’s biggest investors, grew by around $100 billion in 2012, sealing one of its best years on record as it benefited from the striking upturn by stock markets. Known as the ‘oil fund’, it invests revenue from Norway’s lucrative oil industry for the country’s future. It is now worth around $710 billion, 40 percent more than the value of the entire Norwegian economy.
The fund has been steadily reducing its assets in Europe as part of a long-term plan to move into both emerging and developed markets in Asia and the Americas - where it sees the strength of the world’s economy in the years ahead………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Norway’s sovereign wealth fund, the largest across the world, increased its exposure to Indian stocks by 38 per cent to $2.57 billion in 2012, while its holdings of Indian debt securities have also risen manifold. The Government Pension Fund Global of Norway, which manages assets worth over $700 billion and is ranked as the world’s largest sovereign wealth fund, has close to 120 companies in its equity investment portfolio and these include giants like RIL, Infosys, SBI and TCS.
While the total number of Indian stocks in its portfolio has remained unchanged, the aggregate exposure to them rose to $2.57 billion at the end of 2012, from $1.8 billion a year ago, the Fund said in its annual portfolio report………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Norway’s pension fund, the largest sovereign wealth fund in the world, has pulled out of 23 palm oil companies in Indonesia and Malaysia after deeming them to be producing palm oil “unsustainably”.
The fund, worth US$710 billion (RM2.2 trillion), announced this in its annual report on Friday following its move last year to expand its investment guidelines to include deforestation as a threat to future growth. “In the first quarter of 2012, we sold our stakes in 23 companies that, by our reckoning, produced palm oil unsustainably………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Norway’s $710 billion sovereign wealth fund continued to shift away from Europe at the end of last year as the continent’s economies struggled, buying into key Asian and emerging markets instead, it said on Friday.
The fund, one of the world’s biggest investors, cut its European holdings to 48 percent by the end of the year from 53 percent a year earlier, shifting its portfolio to gain exposure to fast-developing markets where it sees the strength of the world’s economy in the years ahead………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund hopes to appoint former French president Nicolas Sarkozy in a senior role at a new private equity fund. London’s Financial Times cited anonymous sources claiming that Qatar Investment Authority alongside other investors were prepared to back Sarkozy, who lost last year’s presidential race to socialist Francois Hollande, with up to €500m to run the new fund.
Sarkozy’s leadership of the potential new fund has been put on hold in recent weeks however as he seeks a return to French politics amid declining public sentiment toward Hollande, two people close to the matter reportedly said………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

The head of China’s securities regulatory body is reluctant to switch to the top job at the country’s $482 billion sovereign wealth fund as he has only been in the post for around 18 months and still has work to do, two independent sources said.
Reuters reported on Thursday that 56-year-old Guo Shuqing, a seasoned English-speaking chairman of the China Securities Regulatory Commission (CSRC), was tipped to head the state investment vehicle China Investment Corp (CIC) CIC.UL as part of a sweeping reshuffle of top financial portfolios by a new generation of leaders………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Temasek Holdings Pte, Singapore’s state investment fund, is among 15 investors that are buying almost one-third of a CVC Capital Partners Ltd.-led offering of PT Matahari Department Store shares, said a person with knowledge of the matter.
Temasek’s Fullerton Fund Management Co. and funds managed by Government of Singapore Investment Corp., Blackrock Inc. (BLK) and Goldman Sachs Group Inc. will be so-called cornerstone investors in the $1.36 billion sale, the person said, asking not to be identified as the information is private………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Government of Singapore Investment Corp (GIC), manager of more than US$100 billion (RM310.5 billion) of the city’s reserves, is close to a deal to buy a 20% stake in BR Towers SA, the Brazilian operator of cellular towers, two people with direct knowledge of the transaction said.
Singapore’s sovereign wealth fund is making the investment to profit from Brazil’s increased spending on infrastructure, according to one of the people. GIC’s Twickenham Investment Pte Ltd unit is handling the acquisition, the person said………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Singapore state investor Temasek Holdings will take a stake in Evonik Industries, two sources close to one of the German company’s owners told Reuters.
Temasek will spend more than €600m for 5% of the Essen-based chemicals company, which is preparing for a stock market share listing, the sources said on condition that they not be identified. German magazine Wirtschaftswoche reported on Saturday that Temasek and Evonik had agreed the sale………………………………………..Full Article: Source

Posted on 11 March 2013 by VRS |  Email |Print

Singapore government’s investment vehicle, Temasek Holdings, has invested R140 Cr in South India headquartered Healthcare Global Enterprises (HCG).
It also adds a valuation figure of HCG at R1,000 Cr with founder BS Ajaikumar holding back 26-28% stake. With the latest round, Evolvence Capital, which had put in R30 Cr in the firm in 2007, has marked its exit with a return of around 2.3x………………………………………..Full Article: Source

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