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Sovereign Wealth Funds Briefing 19.Mar 2013

Posted on 19 March 2013 by VRS |  Email |Print

Shares in Marks & Spencer surged today on speculation that the high street retailer is an £8 billion bid target for Middle Eastern investors. The stock jumped 8% at one stage, adding more than £500 million in value, after The Sunday Times said the Qatar Investment Authority (QIA), the Gulf state’s sovereign wealth fund, is in talks with private equity and banks about an approach.
Despite the scale of the share price movement, there was no official stock market announcement to confirm or deny the speculation………………………………………..Full Article: Source

Posted on 19 March 2013 by VRS |  Email |Print

Marks & Spencer shares surged on speculation that a faltering turnaround effort and flagging profits have left Britain’s biggest clothing retailer vulnerable to a takeover. Investors piled into the stock after a newspaper reported that Qatar was planning a bid, sending the shares up 9.4 percent to a 12-month high.
A source close to Qatar Holding denied the report, but the stock was still up 7.4 percent. Analysts and investors said Marks & Spencer (M&S) could be a target for a private equity firm………………………………………..Full Article: Source

Posted on 19 March 2013 by VRS |  Email |Print

Investment Corporation of Dubai, the emirate’s main state-owned holding company, said it plans to raise $2 billion from a syndicated loan to refinance debt.
The facility will include both conventional and Islamic portions and have a tenor of five years, the company, known as ICD, said in an e-mailed statement today. The funds will go toward repaying the $2 billion five-year portion of an original $6 billion loan raised in August 2008, ICD said. That facility’s $4 billion three-year tranche was settled in August 2011………………………………………..Full Article: Source

Posted on 19 March 2013 by VRS |  Email |Print

The publicly circulated idea that, in its attempt to sort out the old dispute over Rompetrol Rafinare, the Romanian state would be well advised to jointly set up an investment fund with KazMunaiGas, is a good initiative, an ‘out of the box’ solution.
An investment fund that will start with 150 million dollars, seeking to attain one billion……………………………………….Full Article: Source

Posted on 19 March 2013 by VRS |  Email |Print

Several sovereign wealth funds, mainly from the Mid East, have been active in European real estate for nearly a decade, focused mainly on London and Paris, the PIE Roundtable at MIPIM heard last week.
But many newcomers with different approaches are spreading around Europe and some $10bn annually will flow in over the next five years, according to one forecast………………………………………..Full Article: Source

Posted on 19 March 2013 by VRS |  Email |Print

The median superannuation fund returned 2.2 per cent in February, according to the latest Morningstar Australian Superannuation Survey. Longer-term annualised results for the median growth fund were 14.1 per cent over one year, 7.1 per cent over three years, 3 per cent over five years and 7.1 per cent over the 10 years to 28 February 2013.
The returns were the result of growth assets performing strongly in February, according to Morningstar. The ASX300 rose by 5.3 per cent, international shares were up 1.9 per cent, Australian property securities rose 3.5 per cent, and global property securities were up 1.7 per cent in February………………………………………..Full Article: Source

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