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Sovereign Wealth Funds Briefing 19.Jun 2013

Posted on 19 June 2013 by VRS |  Email |Print

Certain government investors from Europe to Asia are increasingly adopting socially and environmentally responsible practices, it emerged at a conference in Hong Kong last week.
Malaysian state fund Khazanah Nasional and the UK’s Environment Agency Pension Fund (EAPF) discussed their approaches in this sector at the First Global Investor Forum on Climate Change………………………………………..Full Article: Source

Posted on 19 June 2013 by VRS |  Email |Print

GCL-Poly Energy Holdings Ltd.dropped the most in 20 months after a unit of China Investment Corp. sold 1.2 billion shares in the largest maker of materials used in solar panels. GCL-Poly dropped as much as 13 percent to HK$1.82, the sharpest fall since Oct. 4, 2011, and was at HK$1.86 as of the noon trading break in Hong Kong. The city’s benchmark Hang Seng Index declined 0.6 percent.
Chengdong Investment Corp., a subsidiary of CIC, sold 1.2 billion shares of GCL-Poly, representing 7.8 percent of the polysilicon maker’s equity capital, at HK$1.87 each, according to a GCL-Poly statement to the Hong Kong stock exchange……………………………………….Full Article: Source

Posted on 19 June 2013 by VRS |  Email |Print

China’s shares ended flat Tuesday, as gains following the news that the country’s sovereign wealth fund has boosted its investment in some banks were tempered by lingering concerns over the sluggish domestic economic growth.
The benchmark Shanghai Composite Index, which tracks both A and B shares, ended up 3.07 points at 2159.29. The Shenzhen Composite Index rose 0.2%, or 1.77 points to 979.43. Analysts said the Shanghai index is likely to trade between 2100 and 2200 for the rest of the week, due to concerns over the slowing economic activity. Investors are also eyeing comments from U.S. Federal Reserve Chairman Ben Bernanke regarding the U.S. central bank’s plans for its stimulus program as the Fed officials meet later………………………………………..Full Article: Source

Posted on 19 June 2013 by VRS |  Email |Print

Central Huijin Investment Ltd, China’s sovereign wealth fund manager tasked with investing in State-owned enterprises (SOEs), recently announced plans to purchase additional equity stakes in China Everbright Bank and New China Life Insurance Co. The investor also recently bought more shares in the country’s Big Four banks.
These plays have been widely seen as part of broader efforts to boost confidence in domestic financial firms backed by the State. In the past, a lack of corporate transparency meant that retail investors had few choices but to follow along with where big State-backed institutional investors were putting their money - which was usually into the country’s hulking SOEs………………………………………..Full Article: Source

Posted on 19 June 2013 by VRS |  Email |Print

Qatar Holding, the investment arm of the Gulf state’s sovereign wealth fund, has decided to sell its 10 percent shareholding in Porsche Automobil Holding SE (PSE). However, the sovereign fund will retain its 17 percent stake in Volkswagen, Europe’s biggest auto maker.
The luxury Porsche brand is owned by Volkswagen. After the sale, the Porsche and Piech families would once again own all of Porsche’s common stock. Qatar Holding has decided to sell its share in the company after Volkswagen’s (VW) takeover of Porsche last year………………………………………..Full Article: Source

Posted on 19 June 2013 by VRS |  Email |Print

Sovereign wealth fund 1Malaysia Development Bhd (1MDB) plans to raise about $1 billion through a public listing of its power assets in Malaysia next year, according to Dow Jones Newswires. Sovereign wealth fund 1Malaysia Development Bhd (1MDB) plans to raise about $1 billion through a public listing of its power assets in Malaysia next year, according to Dow Jones Newswires.
The proposed initial public offering is the latest in a string of announced or rumoured listings that could return Malaysia to the ranks of top regional IPO markets. The funds raised through the share sale will help pay off some of the debts of the Malaysian investment company, Dow Jones said in its report, quoting people familiar with the plans………………………………………..Full Article: Source

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