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Sovereign Wealth Funds Briefing 20.Mar 2013

Posted on 20 March 2013 by VRS |  Email |Print

Sovereign wealth funds, it is no secret, have been steadily building up a war chest of funds and all signs point to an unleashing this year. What may take some by surprise is the level of their wealth and the aggressiveness by which they will deploy their assets—especially as they step up their property investments.
One example is Norway’s Government Pension Fund Global, which recently acquired commercial real estate in the US, including Washington, DC. For 2012, the fund returned 13% on investments—specifically, its equity investments returned 18.1%; fixed income returned 6.7% and real estate investments, 5.8%. Its allocation consisted of 61.2% to equities, 38.1% to fixed income and 0.7% to real estate………………………………………..Full Article: Source

Posted on 20 March 2013 by VRS |  Email |Print

Marks & Spencer Group Plc, the UK’s largest clothing retailer, rose the most since March 2009 in London trading on speculation the Qatar Investment Authority (QIA) is considering an £8bn (€9.3bn) offer.
The stock gained as much as 9.4pc to 407.4p and was up 7.9pc at 402p at the opening, boosting the company’s market value to £6.5bn. QIA has approached banks and private-equity houses, including CVC Capital Partners, to assemble a group to make a move on the London-based retailer, according to weekend reports, citing senior sources in London’s financial district………………………………………..Full Article: Source

Posted on 20 March 2013 by VRS |  Email |Print

The resource-rich country will have a current account surplus worth 27 percent of GDP, or $51 billion, this year, according to estimates by the International Monetary Fund. The Qatar Investment Authority, its sovereign fund, boasted of having $30 billion to spend last year alone.
Qatar is not blind to criticism. Doha is planning a bonanza of initial public offerings at home, including the listing of a $12 billion investment vehicle half owned by the sovereign fund, to ward off any domestic discontent that its population isn’t sharing the benefits of the state’s spending………………………………………..Full Article: Source

Posted on 20 March 2013 by VRS |  Email |Print

Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai launched the syndication of $2 billion in conventional and Islamic financing facilities on 18 March.
The new facilities, with a tenor of five years, will refinance the $2 billion five year tranche of ICD’s $6 billion three and five year facilities signed on 21 August 2008. The $4 billion tranche which was due in August 2011 was repaid in full………………………………………..Full Article: Source

Posted on 20 March 2013 by VRS |  Email |Print

Future Fund chairman David Murray says it is not the role of the $63 billion fund to bail out troubled mortgage-based investment funds. Some mortgage-based investment funds have had to be frozen after they experienced an exodus of funds, following the federal government’s guarantee of bank deposits.
Market-linked funds are not covered by the guarantee. Last week, Prime Minister Kevin Rudd said that larger and more liquid institutions - including the major banks - could provide liquidity to various market-linked investment vehicles within the financial system by buying their securities………………………………………..Full Article: Source

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