Sat, Oct 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 13.Mar 2013

Posted on 13 March 2013 by VRS |  Email |Print

Sovereign wealth funds (SWFs) are set to see their assets grow to $5.6 trillion by the end of 2013, a study found, a sum more than double British GDP and underscoring their status as the world’s wealthiest investors.
SWFs, state-owned vehicles such as the Qatar Investment Authority which manage windfall revenues for future generations, have become key global market players after the financial crisis, spending an estimated $90 billion buying up stakes in Western banks including Barclays Plc for instance………………………………………..Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

Sovereign wealth fund assets increased by 8% last year to reach a record $5.2 trillion, with Asian entities accounting for $2 trillion, or 39% of the total, according to figures by the Sovereign Wealth Fund Institute and a UK financial sector body.
China has the biggest share of SWF capital by country, with $1.49 trillion, accounting for 29% of the global total of sovereign wealth. It is up from $1.14 trillion last year and is nearly twice as much as the $816 billion held by United Arab Emirates, the second-largest pool of SWF assets………………………………………..Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

Strong oil prices have sharply widen the fiscal surpluses in Gulf hydrocarbon producers and this boosted the assets of their government funds to an all time high of around $1.7 trillion at the end of 2012, according to Moody’s investor service.
The assets controlled by sovereign wealth funds (SWFs) in the six-nation Gulf Cooperation Council (GCC) were nearly $700 billion higher than their level of around $one trillion at the end of 2007, the rating agency said………………………………………..Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

Norway’s sovereign wealth fund, the world’s largest, almost doubled its investments in Australian bonds and equities last year, boosting sovereign debt fourfold and adding provincial debt securities.
The 4.08 trillion kroner ($715 billion) Government Pension Fund Global held 18.1 billion kroner of Australian federal government securities as of Dec. 31, according to a report released on March 8, up from 4.11 billion kroner a year earlier……………………………………….Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

Norway’s $US712 billion ($690bn) oil fund increased its holdings in both Australian equities and fixed-income assets after being lured by higher yields down under. Among its major holdings is a 3 per cent stake in BHP Billiton, the world’s biggest mining company, that’s worth $2.27bn at current prices.
The appetite of global investors for Australian-dollar investments continues to rise after the country emerged from the financial crisis in better shape than many of its developed-market peers. Central banks in Russia, Switzerland and elsewhere have joined sovereign wealth funds and pension plans in increasing their holdings of Australian assets………………………………………..Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

Economic managers are studying the possibility of setting up a Philippine sovereign wealth fund to maximize returns from the country’s foreign exchange holdings. “As I understand, the national government is conducting a study on the possible operations of a sovereign wealth fund,” central bank Governor Amando M. Tetangco, Jr. said at the sidelines of yesterday’s Philippine Investment Forum.
Finance Secretary Cesar V. Purisima confirmed that the plan was being considered, although he said the review remained in the preliminary stages. “We haven’t brought up the matter with [President Benigno S. C. Aquino III] yet. So far, it’s just look, see, study and evaluate,” Mr. Purisima said………………………………………..Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

HealthCare Global Enterprises Limited, (HCG), the specialist in cancer care, has announced that Temasek Holdings, a Singapore based investment company, has become a shareholder in the company.
Temasek joins existing investors, Premji Invest, an investment entity owned by Azim Premji, and Milestone Religare in a primary equity issuance by the company, a statement by HCG said. Evolvence India Life Sciences Fund, which has been an investor in HCG since 2007, will be exiting their investment to Temasek in the company………………………………………..Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

Virgin Mobile Middle East & Africa is set to receive $50 million in funding from Gulf Investment Corporation, as the telco looks to expand in Saudi Arabia and North Africa, according to the Dubai-based company’s chief executive.
The mobile virtual network operator, which operates in South Africa, Oman and Jordan, is currently putting together a proposal to win one of three MVNO licences set to be offered in Saudi Arabia, and the GIC investment will help fund potential expansion into the kingdom, Mikkel Vinter told Zawya Dow Jones on Tuesday………………………………………..Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

Libya, whose sovereign wealth fund declined by at least $4 billion in value over the past four years, said it’s demanding an explanation from Societe Generale SA (GLE) on how it lost about $1 billion on derivative contracts.
“We have been in contact a number of times but have not received a satisfactory answer,” Mohsen Derregia, the outgoing chairman and chief executive officer of the fund, said in an interview from Tripoli. “We are pursuing this matter further.”……………………………………….Full Article: Source

Posted on 13 March 2013 by VRS |  Email |Print

The outgoing head of Libya’s sovereign wealth fund said a decision to sack him has left its restructuring plans and the pursuit of compensation for investment losses in limbo, potentially costing the country millions. Late last month Prime Minister Ali Zeidan said Mohsen Derregia, head of the Libyan Investment Authority (LIA), would be replaced under a government policy to remove those who performed poorly in their jobs.
In an exchange highlighting the disarray of state institutions some 18 months after Muammar Gaddafi’s ouster, Derregia took his dismissal to court, saying it had come out of the blue and that he had yet to be contacted over a handover………………………………………..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