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Sovereign Wealth Funds Briefing 08.Apr 2013

Posted on 08 April 2013 by VRS |  Email |Print

The U.S. is telling China’s $500 billion sovereign-wealth fund to “go away,” according to the fund’s top executive, in the latest sign of strained investment ties between the world’s two largest economies.
During the financial crisis, “we were sort of welcome” in America, said Gao Xiqing, head of China Investment Corp., in a panel discussion on Sunday at the Boao Forum for Asia. Since then, “somehow we’ve become stigmatized,” he said, adding that “there have been quite a few cases where the U.S. says ‘go away.’”……………………………………….Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

An executive from China Investment Corp., the nation’s $482 billion sovereign wealth fund, told Australian Prime Minister Julia Gillard that he hopes her government will reduce restrictions on foreign investment.
Jin Liqun, head of the fund’s supervisory board, said in an interview after a group of Chinese and Australian executives met with Australian officials that he had also raised the issue of investment limits in past discussions. The restrictions affect CIC’s investments and fund flows into Australia, Jin said yesterday in the southern Chinese province of Hainan, where he’s attending the Boao Forum for Asia………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

China Investment Corporation (CIC), the country’s main sovereign wealth fund, posted a 10.65% return on its overseas investment in 2012, registering an above 5% cumulative annualized return since its establishment in 2007. This is a significant improvement compared with the 4.3% loss last year, the fund’s worst performance in 5 years.
As a young member of the sovereign-wealth fund club, CIC has been constantly adjusting its strategies to respond to the changing international environment and to better serve its mandate of achieving higher returns on China’s rapidly growing foreign exchange reserves………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

The sovereign wealth fund of Singapore, Temasek Holdings Pte Ltd has established a new investment fund focused on liquefied natural gas. This fund would tap into the growing demand in Asia, specifically the countries with the greatest demand, namely China, India and Japan.
Temasek has set aside Sing$1 billion or US$806 million as authorized capital of the investment unit named Pavilion Energy Pte. The company would commence operations by September 2013 and would be lead by techology entrepreneur Seah Moon Ming. He joined Temasek last month as Senior Managing Director for Special Projects………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

Khazanah Nasional Bhd expects its corporate responsibility (CR) funding to see a 5% to 10% increase this year from RM62.4 million in 2012, said its managing director Tan Sri Azman Mokhtar. Since 2004, total funding for Khazanah’s CR initiatives amounted to RM255 million, benefiting over 500,000 individuals nationwide.
Khazanah’s CR initiatives aim to build sustainable value by balancing its investment, social and environmental responsibilities. Four key focus areas that form Khazanah’s CR framework are responsible investments and value creation, human capital development, social capital development and environmental stewardship as well as Silver Book and CR advocacy………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

Malaysia’s non-commodity Khazanah Nasional, founded in 1993, is ranked 23 with US$34 billion in assets and a Linaburg-Maduell Transparency Index (LM-TI) of 5. The world’s largest sovereign wealth fund (SWF) is Norway’s oil-based Government Pension Fund-Global. It was set up in 1990 and is currently registered with assets worth US$664.3 billion with a perfect 10 LM-TI.
UAE-Abu Dhabi’s oil-based Abu Dhabi Investment Authority, established in 1976, is ranked second with US$627 billion with a 5 LM-TI. At third ranking China’s non-commodity SAFE Investment Company which was founded in 1997 and now manages assets worth US$567.9 billion with a 4 LM-TI. That’s the top three SWFs in the world. Now, let’s focus on our neighbours………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

A new 8 billion pounds Qatari investment firm, backed by assets from the sovereign wealth fund, will offer shares to the public in May as part of plans by the tiny Gulf state to share its riches with local citizens and institutions.
Doha Global Investment Co, will have a total capital of 8.1 billion pounds, 50 percent of which will be in the form of paid-up capital, according to a statement from Hussain Ali Al Abdulla, chairman of Qatar Exchange’s board………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

A new sovereign wealth fund backed Qatari investment fund worth US$12 billion would undertake an initial public offering by May. This is part of the Gulf kingdom’s plan to share its wealth with its citizens and institutions.
The fund is Doha Global Investment Co and would have a total capitalization of Eur9.6 billion, where 50% would be paid up capital. This was confirmed by Hussain Ali Al Abdulla, the chairman of Qatar Exchange’s board of directors………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

A new $12 billion Qatari investment firm, backed by assets from the sovereign wealth fund, will offer shares to the public in May as part of plans by the Gulf state to share its riches with local citizens and institutions. Doha Global Investment Co, will have a total capital of 45bn riyals ($12.36bn), 50 per cent of which will be in the form of paid-up capital, according to a statement from Hussain Ali Al Abdulla, chairman of Qatar Exchange’s board.
Qatar unveiled plans to create the investment firm in February and said its sovereign fund arm, Qatar Holding, will transfer $3bn worth of assets into the new firm, with a similar amount raised in an initial public offering on the Qatar Exchange. Qatar Holding owns stakes in high-profile global firms such as German sports car maker Porsche and British bank Barclays and has been one of the most aggressive investors globally in recent years………………………………………..Full Article: Source

Posted on 08 April 2013 by VRS |  Email |Print

Kazakhstan and China have signed a number of bilateral documents within the frameworks of the President Nazarbayev’s visit to China, a Tengrinews.kz journalist reports from China. Samruk – Kazyna Sovereign Wealth Fund and China Council for Promotion of International Trade have agreed on establishing a Kazakh-Chinese Business Council. Besides, Samruk – Kazyna has signed a Roadmap Program to strengthen economic and investments-related relations with China’s CITIC Group.
Kazakhstan’s KazMunaiGas National Oil and Gas Company and China’s CNPC have agreed on the major principles of cooperation to expand and jointly operate the Kazakhstan – China oil pipeline………………………………………..Full Article: Source

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