Tue, Jul 29, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 26.Jun 2013

Posted on 26 June 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund, the second largest shareholder in Heathrow, has raised concern over a plan by UK aviation regulators to impose a real terms cut in the charges that the airport can secure from airlines for using its runways.
Akbar Al Baker, who sits on Heathrow’s board as a representative of the Qatar Investment Authority, which has a 20 per cent stake in the British airport’s parent company, took issue with the proposal by the UK Civil Aviation Authority………………………………………..Full Article: Source

Posted on 26 June 2013 by VRS |  Email |Print

The abdication of the emir of Qatar in favour of his son prompts gossip among corporate financiers that regime change may be afoot within the Qatar Investment Authority, sovereign wealth fund of the gas-rich Gulf state. A rejig of buyside contacts at any big investor has potential to reshuffle the sellside hierarchy too.
Much depends on how Hamad bin Jassim fits into the new power structure. “HBJ” as he is familiarly known to western financiers (though presumably not to his face) is stepping down as prime minister. If he ceases to lead the QIA too, other important jobs could be reassigned, such as the managing directorship of direct investment arm Qatar Holding, currently held by Ahmad al-Sayed………………………………………..Full Article: Source

Posted on 26 June 2013 by VRS |  Email |Print

Developing infrastructure in sub-Saharan Africa is a capital intensive, intricate undertaking requiring investors with a technical capacity. Large pools of assets that are long-term oriented like sovereign funds and pensions can play a role in financing infrastructure. The Africa Finance Corporation (AFC), a multilateral institution, and the Nigeria Sovereign Investment Authority (NSIA) signed a Memorandum of Understanding (MoU) that details strategic collaboration on building an infrastructure investment platform.
To jumpstart critical infrastructure investment in Nigeria, both entities plan to support the financing, development and operational aspects of future infrastructure projects……………………………………….Full Article: Source

Posted on 26 June 2013 by VRS |  Email |Print

Presidential son José Filomeno de Sousa dos Santos will chair Angola’s strategic $5 billion sovereign wealth fund. The appointment of President Jose Eduardo dos Santos’ son to a plum public job has been heavily criticised by opposition parties, who fear it is a move to place him at pole opposition in Angola’s political succession.
Last Friday, the President appointed his son José Filomeno dos Santos to head the strategic $5 billion Angolan investment sovereign fund, created in October 2012………………………………………..Full Article: Source

Posted on 26 June 2013 by VRS |  Email |Print

Nigeria’s new $1bn sovereign wealth fund has delayed making its initial investments due to the volatility in global markets. In a first for Nigeria, the fund was launched in October to safeguard oil revenues for future generations and provide a buffer against external shocks.
Though modest in global terms, it is the third biggest sovereign wealth fund in sub-Saharan Africa, after the $6.9bn Botswana and $5bn Angola funds. High quality global journalism requires investment. The Nigeria Sovereign Investment Authority, which is in charge of the new fund, announced in May it would starting start investing this month. But Uche Orji, the managing director, said on Tuesday he was holding back in case of further corrections in the global share and bond markets………………………………………..Full Article: Source

Posted on 26 June 2013 by VRS |  Email |Print

A long-serving partner at Altius Associates is leaving the private equity gatekeeper for a new role with the Kuwait Investment Authority, according to two people familiar with the matter.
Charles Magnay will depart Altius in September to join the Kuwait Investment Office, the London branch of the Middle Eastern sovereign wealth fund, one of the people said. Mr. Magnay and the KIA did not respond to requests for comment in time for publication………………………………………..Full Article: Source

Posted on 26 June 2013 by VRS |  Email |Print

The national budget group has sounded the alarm - the public sector continues increasing tax debts to the state budget of Azerbaijan. According to the group, in 2012 the tax debts of state-owned companies to the state budget reached AZN 1.2 bn or 44.6% of total debt, while the debt of the private sector accounted for only AZN 1.16 bn (41.6%). In 2011, these figures were 39.7% and 55.9%, respectively.
Also, the group points to the risks associated with the transfers from the State Oil Fund (SOFAZ), the size of which from 2009 to 2012 inclusive, has doubled. “In 2009 the Fund’s transfers formed 60.1% of budget revenues and in 2012 already 72.4%. At that, the ratio of transfers to GDP increased from 14.2% in 2009 up to 18.4% of GDP in 2012,” the group said………………………………………..Full Article: Source

See more articles in the archive

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