Wed, Sep 3, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 26.Mar 2013

Posted on 26 March 2013 by VRS |  Email |Print

Sovereign wealth fund (SWF) investments witnessed a 36 per cent dip in 2012 from 2011 levels as managers played it cautious amid global economic uncertainty. SWFs invested just $57.3 billion of fresh capital last year, in comparison with $89.5 billion in 2011, the lowest level since 2006.
As a consequence of the reduced budget, sectors such as healthcare and energy witnessed a reduction in SWF investments in 2012 vis-à-vis 2011. SWF spends on healthcare and utilities fell by more than half and their energy investments dipped by 46.8 per cent. On the other hand, SWF investment in consumer goods firms shot up by 127.9 per cent and information technology spends by 90.1 per cent in 2012 from year-ago levels………………………………………..Full Article: Source

Posted on 26 March 2013 by VRS |  Email |Print

China’s sovereign wealth fund China Investment Corp. said Monday that it has signed a memorandum with Russia to strengthen cooperation in infrastructure and the development of Siberia, the far eastern part of the country.
The memo, signed in Moscow on March 22, set out principles for the two nations to step up cooperation in investing in large infrastructure and logistics projects, the natural resources sector and leading manufacturing and service companies, the statement said. Details such as the planned investment amount and specific projects weren’t mentioned………………………………………..Full Article: Source

Posted on 26 March 2013 by VRS |  Email |Print

Kohlberg Kravis Roberts and Co. LP (KKR), one of the world’s largest private equity (PE) firms, is joining hands with Singapore’s sovereign wealth fund to set up a non-banking financial company (NBFC) that will lend funds to property developers in India as other sources of cash dry up. To begin with, the NBFC, for which the regulatory approvals are currently under way, will have a corpus of $150 million (around Rs.810 crore), said three people close to the development. This will be the first real estate-focused NBFC in India.
“Government of Singapore Investment Corp. (GIC) will be one of the anchor investors in the NBFC, while KKR is putting capital from its balance sheet into it,” said one of the two person cited above, who did not want to be identified………………………………………..Full Article: Source

Posted on 26 March 2013 by VRS |  Email |Print

In an effort to promote and revitalise Bahrain’s pearl industry, the Bahrain Mumtalakat Holding Company has signed a memorandum of understanding (MoU) with three entities in Japan. The MoU was signed during a visit to that country by a high-level Bahraini delegation led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander, First Deputy Premier and Economic Development Board chairman.
Besides the investment arm of Bahrain, the signatories include Kinoshita Pearl, a leading specialist company in natural and cultured pearls, First Stem Cell Japan, a biotechnology research company, and Japan International Co-operation Centre (JICE)………………………………………..Full Article: Source

Posted on 26 March 2013 by VRS |  Email |Print

The issue on sustainably-produced palm oil hogged the limelight again when the Norwegian Government Pension Fund Global (GPFG) recently said it has sold its stakes in 23 oil palm plantation firms which are not producing sustainable palm oil. The rationale for GPFG pulling out of these investments was in support of the Western NGOs move to help reduce the greenhouse gas (GHG) emissions from the oil palm plantations in the developing countries.
But what is baffling is that planters claim that the GPFG disposal list shows some of the companies were in fact members of the Roundtable on Sustainable Palm Oil (RSPO) that have been producing certified sustainable palm oil (CSPO)………………………………………..Full Article: Source

Posted on 26 March 2013 by VRS |  Email |Print

Where should the line be drawn between a government official’s personal wealth and his or her public responsibilities? Amidst promises to use his own cash to stimulate business investment, compensate storm victims and prop up the state budget, billionaire Georgian Prime Minister Bidzina Ivanishvili is making any distinction ever blurrier.
Since becoming prime minister in October 2012, Ivanishvili has repeatedly announced plans for three, new government-run investment funds: a $2-billion sovereign wealth fund, an agriculture fund and a venture capital fund. The first would control state assets like the railway and the Georgian Oil and Gas Corporation; the second aid Georgia’s ailing agricultural sector; and the third provide public investment for new business……………………………………….Full Article: Source

Posted on 26 March 2013 by VRS |  Email |Print

For the first quarter of 2013, sovereign wealth funds have come out strong investing directly in energy and utility investments. Direct transaction data for the first quarter of 2013 is not fully complete; the total so far for the first quarter of 2013 is US$ 2.98 billion.
Already the direct transaction amount for this quarter is greater than fourth quarter 2012’s total of US$ 810 million. This is the highest quarterly transaction total in the energy and utility sector since the first quarter of 2012 which amounted to US$ 4.37 billion. Sovereign fund direct investments in energy tend to be opportunistic such as investing in distressed situations………………………………………..Full Article: Source

See more articles in the archive

September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930