Wed, Jul 30, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 09.Apr 2013

Posted on 09 April 2013 by VRS |  Email |Print

The volume of funds held in the state oil fund SOFAZ — an entity that accumulates and manages Azerbaijan’s oil and gas revenues — is currently equal to half of the country’s gross domestic product, SOFAZ head Shahmar Movsumov told a meeting of the World Economic Forum (Davos Forum) in Baku on Monday.
In early March, the State Statistics Committee reported that Azerbaijan’s GDP increased by 3.2 percent in January-February compared to the same period of last year and hit 8.344 billion manats (nearly $10.63 billion). According to Movsumov, the funds accumulated in the state oil fund are mainly invested outside the country and mostly directed to infrastructure projects………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

Eyeing returns in the long run, China’s sovereign wealth fund will focus more on infrastructure investment in Europe and the United States, the fund’s vice chairman and president said Monday.
The abundant financial firepower of the China Investment Corporation (CIC), which nears 500 billion US dollars, makes it more suited to infrastructure investment, which requires massive funds but offers slower yields, Gao Xiqing said during an interview with Xinhua on the sidelines of the ongoing Boao Forum for Asia Annual Conference 2013 held in south China’s Hainan Province………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

DBS Group Holdings’ agreement to buy 67.4 per cent of Indonesia’s PT Bank Danamon from Singapore state investor Temasek Holdings Pte Ltd has been extended by another two months, as approval of the deal languishes in Jakarta.
The so-called “long stop date” or the last date of the agreement expired last week, sources said. “DBS confirms that we have extended the long stop date to June 2 or such other later date as the parties may agree,” a DBS spokesman said. Temasek now owns 29 per cent of Singapore-based DBS. That will rise to about 40 per cent if the Danamon deal goes through………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

Singapore’s DBS Group Holdings Ltd.has secured a two-month extension for its US$7.3 billion acquisition of PT Bank Danamon, a deal that has languished for a year as it awaits approval from Indonesia’s central bank.
DBS’s acquisition of a 67.4% stake in Danamon from Singapore state investment firm Temasek Holdings Pte. Ltd. has been stuck, even after the Indonesian central bank made changes to bank ownership rules in July that analysts said would permit the deal to go through. Temasek controls 29.4% of DBS, Southeast Asia’s largest bank by assets………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund had assets under management of more than $100 billion, helping the Gulf nation’s pursuit of a AAA credit rating, according to the Qatar Financial Centre Authority.
A rating upgrade is possible because of the nation’s financial strength, Abdulrahman Ahmad Al-Shaibi, managing director of the government-run authority charged with expanding the nation’s financial services, said………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

The Qatari Sovereign Wealth Fund-backed Doha Global Investment Company is to offer shares to the public in May, as part of a plan to share the tiny Gulf state’s assets with local citizens and institutions.
The Qatari investment firm will have a total capital of QR45 billion ($12.36 billion), half 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. The other half will be owned by the private sector, giving Qatari institutions and individuals the chance to invest around the world alongside the state………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

Qatar Holding, the investment arm of the wealth fund, has been actively deploying the nation’s riches from plentiful natural gas in recent years in a string of high-profile assets ranging from French soccer club Paris Saint-Germain to stakes in German sports-car maker Porsche, British bank Barclays and Swiss lender Credit Suisse.
The world’s top exporter of liquefied natural gas has a lot of spare cash to invest; recent figures showed a budget surplus of $26 billion in the second quarter of fiscal year 2012/13, or 54 percent of GDP for the period………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued an Emiri decree restructuring the Abu Dhabi Investment Authority. According to the decree, the investment authority will be chaired by Shaikh Khalifa.
The board members include Shaikh Sultan Bin Zayed Al Nahyan, the President’s Representative; General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs; and Shaikh Hamed Bin Zayed Al Nahyan, Chief of Abu Dhabi Crown Prince’s Court………………………………………..Full Article: Source

Posted on 09 April 2013 by VRS |  Email |Print

The departing chairman and chief executive of the Libyan Investment Authority has said he was about to appoint lawyers to seek compensation from banks including Société Générale and Goldman Sachs – banks he has accused in the past of causing losses worth billions of dollars.
In a wide-ranging interview published in Euromoney magazine, Mohsen Derregia (pictured), who is being ousted from the LIA after just 11 months in the top job, speaks passionately about his removal – which he is challenging – and the importance of the approximately $60bn sovereign fund………………………………………..Full Article: Source

See more articles in the archive

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031