Mon, Dec 22, 2014
A A A
Welcome preal121
RSS
Sovereign Wealth Funds Briefing 24.Jun 2013

Posted on 24 June 2013 by VRS |  Email |Print

Angola’s $5 billion sovereign wealth fund will put half of its investments in fixed-income instruments and cash and the rest in alternative ventures including hotels, according to an investment policy.
Jose Filomeno dos Santos, a son of President Jose Eduardo dos Santos, was appointed chairman of the board of directors of the fund known as Fundo Soberano de Angola, or FSDEA, according to a statement posted on its website………………………………………..Full Article: Source

Posted on 24 June 2013 by VRS |  Email |Print

Angola on Friday appointed one of President Jose Eduardo dos Santos’ sons to chair its $5 billion sovereign wealth fund, a move likely to raise further questions about transparency and nepotism in Africa’s second-biggest oil producer.
Angola launched the fund in October to invest in domestic and overseas assets by funnelling oil wealth into infrastructure, hotels and other projects to diversify its economy outside the energy industry. Analysts welcomed the move at the time, saying it could help Angola protect itself from oil price shocks by cutting the state’s dependence on crude revenues, which represent around 45 percent of output………………………………………..Full Article: Source

Posted on 24 June 2013 by VRS |  Email |Print

Angola’s US$ 5 billion Fundo Soberano de Angola (FSDEA) has released their investment policy. The sovereign fund’s asset allocation mix will support three criteria: preservation of capital, long-term return maximization and infrastructure development.
The fifty percent allocation to cash, fixed income and G-7 stocks is modeled after the first criterion. The other 50% is open-ended with an opportunistic lens including investing domestically in Angolan prospects like the hotel industry. The sovereign fund has endowment-like characteristics to it, as well as a stabilization function……………………………………….Full Article: Source

Posted on 24 June 2013 by VRS |  Email |Print

The Russian government will invest up to 450 billion rubles ($13.7 billion) in infrastructure projects from its sovereign wealth fund together with private capital, President Vladimir Putin said on Friday, in a move that could give a significant kickstart to the faltering Russian economy.
Up to half the money to be invested in the projects will come from the National Welfare Fund, Russia’s $87 billion sovereign wealth fund made up of windfall oil export revenues, he said. “Key conditions will be an assessment by private business that the projects are viable and effective, and co-financed from their side,” Putin said……………………………………….Full Article: Source

Posted on 24 June 2013 by VRS |  Email |Print

France and Qatar launched a mixed Franco-Qatari fund Sunday to invest 300 million euros in small and medium-sized French companies, in a bid to quash concerns raised by a previous Qatari plan to invest specifically in depressed French suburbs.
The fund will be operational from July, said Jean-Pierre Jouyet, the head of French state-owned bank Caisse de Depots, which is co-shareholder of the fund with Qatar’s sovereign fund Qatar Holding LLC………………………………………..Full Article: Source

Posted on 24 June 2013 by VRS |  Email |Print

The deal to purchase BTA by Halyk Bank may take longer than planned. One shouldn’t rule out the possibility of Halyk Bank giving up on the idea of purchasing BTA in case the country’s Government [that owns BTA through Samruk Kazyna Sovereign Wealth Fund] doesn’t offer concessions in terms of price, Tengrinews.kz reports, citing Artyom Ustimenko, analyst with the Agency for ROI Studies as saying.
Earlier tengrinews.kz reported, citing Halyk Bank Chairman of the Board Alexander Pavlov, that purchase of BTA by Halyk Bank and sales of Halyk Bank’s pension fund [to the Government] should be separate deals. Both deals should be closed without any pressure, at a fair price. In any case, these should be monetary deals, rather than a barter deal”………………………………………..Full Article: Source

Posted on 24 June 2013 by VRS |  Email |Print

Central Huijin Investment Ltd, China’s state-owned investment company, said late on Thursday it recently bought exchange-traded funds and will continue to do so.
China’s stock market hit six-month lows on Thursday amid a worsening cash squeeze, worries over economic growth and prospects of the U.S. Federal Reserve slowing the pace of monetary stimulus………………………………………..Full Article: Source

Posted on 24 June 2013 by VRS |  Email |Print

Australia’s Future Fund plans to selectively raise its exposure to emerging markets, pointing to the expansion of that universe. It is also looking to make more direct investments into private equity - to the extent that it can, given that it must use external managers to run all its portfolios.

The A$85 billion ($78.1 billion) sovereign wealth fund has thus far concentrated most of its asset allocation in developed markets, but that is changing………………………………………..Full Article: Source

See more articles in the archive

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031