Thu, Oct 2, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 12.Mar 2013

Posted on 12 March 2013 by VRS |  Email |Print

At the start of 2010, the world’s largest sovereign wealth fund had no property investments to speak of. Three years later, Norway’s Government Pension Fund Global, which manages the oil-rich nation’s wealth through Norges Bank Investment Management, has committed around $6.7 billion to property. The investments are mainly focused on prime office and retail space in major European capitals, and Norges Bank has said it plans to spend billions more over the next decade.
The fund manager has stated that it will invest up to 5% of its $690 billion fund in real estate by 2020, coinciding with a corresponding decrease in its bond holdings. It declined to comment for this article………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

Sovereign wealth funds around the world are moving to diversify their portfolios, according to TheCityUK’s Sovereign Wealth Funds 2013 report, with deal transaction sizes getting smaller and emerging markets accounting for a growing share of investments.
The trend towards diversification has resulted in a 30% increase in investment into real estate globally by SWFs over the past twelve months, with information technology and consumer goods also seeing rises in allocation. The allocation increase is largely down to low bond yields in some developed countries and the volatility in equity markets………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

Sovereign wealth funds are forecast to reach a record $5.6 trillion in assets this year, with Britain revealed as the second most popular destination for investment, according to research.
TheCityUK’s Sovereign Wealth Funds 2013 report revealed that total assets held by these funds increased for the fourth year running in 2012 to $5.2 trillion and predicts these will grow a further $400bn this year. Investment into global property jumped by 30 per cent last year to $10bn as sovereign wealth funds sought to diversify their portfolios………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

Norway’s $713 billion sovereign wealth fund is turning away from the world’s biggest currencies and their debt-laden governments as policy makers undermine their exchange rates through unprecedented stimulus measures.
The Government Pension Fund Global, the world’s largest wealth fund, cut its holdings in French and U.K. government bonds by almost half last year as it raised its share of government bonds in emerging-market currencies to 10 percent of its fixed-income holdings by adding investments in Turkey, Russia and Taiwan………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

Back in 2012 the operator of the Norwegian government’s pension fund axed many of its external mandates, opting to rely instead on in-house expertise. One year on, it’s delivered its second best return ever. Here’s how it did it.
The operator of the Norwegian Government Pension Fund Global - the world’s second largest sovereign wealth fund - last year axed its externally managed mandates, cutting assets run by third parties within the $667 billion fund to the lowest level since the fund’s launch in 1998………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

The Norwegian oil fund, one of the world’s biggest investors, dumped almost half of its holdings in UK gilts last year amid concerns about mounting Government debt levels and money printing.
Norges Bank Investment Management, which has $713bn of assets and is the biggest sovereign wealth fund in the world, said it sold down its holding in UK debt from 110bn Kroner (£12.9bn) at the end of 2011 to just 60bn Kroner at the end of 2012………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

Norway’s sovereign wealth fund, one of the world’s biggest investors, grew by around $100 billion (€76.9 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 (€546.6 billion), 40 per cent more than the value of the entire Norwegian economy………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

Norway’s sovereign wealth fund, popularly known as the “Oil Fund,” has reported another year of strong growth and impressive returns amounting to its next-best result ever. Now the fund’s bosses reportedly want to take a more active role in the companies where the fund is a major investor.
The fund logged an overall return of 13.4 percent in 2012, broken down by 18.1 percent on its stock portfolio, 6.7 percent on its interest-bearing investments and 5.8 percent on its real estate holdings. As some Norwegian media reported, the enormous fund used to save up Norway’s oil wealth for future generations earned an average of NOK 1.2 billion every single day last year………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

The son of Angolan President Jose Eduardo dos Santos says the country’s new $5bn sovereign wealth fund will look for investment opportunities in South Africa and the region as it bids to grow the returns that are key to improving infrastructure in the oil-rich nation.
Jose Filomeno de Sousa dos Santos, director for strategy at the Sovereign Wealth Fund of Angola — better known by its Portuguese acronym FSDEA — says the fund’s priority is to invest in industries, manufacturing and infrastructure. It is keen to put that cash in Angolan projects, as well as those of key ally South Africa, and possibly western economies………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

All of Moody’s-rated sovereigns in the Middle East and North Africa (MENA) have been affected by the global crisis and Arab Spring to varying degrees, but a clear divergence has emerged over recent years, with stable sovereign credit ratings among oil-rich countries and downward rating pressure facing those countries most affected by the Arab Spring, Moody’s Investors Service said in a new report.
Upheavals in Tunisia, Libya, Egypt, Syria and Yemen have shaken the region’s social and political landscape, and conditions remain unsettled to varying degrees in the countries that experienced regime change. At the same time, oil-rich countries of the Gulf Cooperation Council (GCC) have ramped up social welfare spending to pre-empt discontent and address longstanding needs………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

India on Monday impressed upon Kuwait which has Sovereign Wealth Fund of USD 300 billion to look at huge investment opportunity in the infrastructure sector. The issue was raised by Commerce and Industry Minister Anand Sharma during his meeting with Kuwaiti Minister for Amiri Dewan Affairs Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al Sabah, an official said.
Kuwait has a Sovereign Fund of over USD 300 billion which is growing by USD 15-25 billion every year. The fund is managed by Kuwait Investment Authority (KIA). Sharma informed him that during the 12th Five-Year plan (2012-2017), India plans to spend around USD 1 trillion on infrastructure………………………………………..Full Article: Source

Posted on 12 March 2013 by VRS |  Email |Print

Managing director and president of Australia’s Future Fund, Mark Burgess leads a dynamic sovereign wealth fund with A$82.4 billion ($85.1 billion) in assets and a reputation for savvy risk management. Launched in May 2006 with just A$18 billion, Future Fund - which kept most of its assets in cash during the financial crisis - went on to build a highly integrated, risk-weighted portfolio of investments.
Under the guidance of founding CIO David Neal, it also broke with SWF tradition by challenging its staff to look beyond their particular areas of expertise and think about risk and return across the total portfolio. The result: an innovative organization known for its flexible investment style and its ability to deploy assets throughout diverse sectors and geographies……………………………………….Full Article: Source

See more articles in the archive

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031