Fri, Apr 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 28.Jun 2013

Posted on 28 June 2013 by VRS |  Email |Print

The world’s largest sovereign wealth fund - the Norwegian Government Pension Fund Global (GPFG) - is invested in 147 of the world’s 200 companies holding the largest reserves in coal, oil and gas. The fund’s share of those reserves is equivalent to 108 times Norway’s annual greenhouse gas emissions, according to a new analysis from WWF.
The fund is currently invested in more fossil fuels than can ever be burned if we are to avoid catastrophic climate change. The London-based think tank, the Carbon Tracker Initiative, recently released a report listing the 200 companies in the world with the largest fossil fuel reserves. WWF has analyzed Norway’s investments in this list of companies through the GPFG………………………………………..Full Article: Source

Posted on 28 June 2013 by VRS |  Email |Print

Singapore’s giant state investment company, Temasek Holdings Pte. Ltd., is looking to bulk up its portfolio in the U.S. and Europe, seeing opportunities in those regions despite persistent uncertainty over the health of their economies.
In a wide-ranging interview with The Wall Street Journal at the company’s headquarters, Boon Sim, head of Temasek’s markets group and president for the Americas, outlined the investment view of the firm, which has a $155 billion portfolio. “We are more bullish than most people” on the U.S. and Europe, he said………………………………………..Full Article: Source

Posted on 28 June 2013 by VRS |  Email |Print

The U.S. office will be probably on the East Coast, Chia Song Hwee told the newspaper. The office in Europe will be in “the center of activities,” the newspaper reported Chia as saying, without elaborating. Stephen Forshaw, a Singapore-based spokesman for Temasek, confirmed the remarks in the report.
The share of Temasek’s investments in Europe and North America increased to 11 percent of its portfolio as of March 2012 from 8 percent in the previous year, according to its latest annual review, published in July. Temasek paid 1 billion euros ($1.3 billion) for a 5.04 percent stake in Repsol SA (REP), the Spanish oil company said in March. It agreed to buy a 4.6 percent stake in German chemical maker Evonik Industries AG (EVK), a person familiar with the matter said the same month………………………………………..Full Article: Source

Posted on 28 June 2013 by VRS |  Email |Print

The Australian financial services industry is too focused on short-term results and must find ways to focus on and promote long-term success for investors, according to David Gonski. The chair of the Future Fund board of guardians said the investment community, and Australian business more generally, suffers from shortsightedness.
“Australia suffers in all its sectors from a short term perspective. The Future Fund, the financial services sector and indeed, business more broadly, must find a way to keep the focus away from an unhealthy focus on monthly or quarterly numbers,” Gonski said………………………………………..Full Article: Source

Posted on 28 June 2013 by VRS |  Email |Print

Qatar Holding, the sovereign wealth fund that owns the second largest stake in London Heathrow Airport’s parent company, has raised objections to a plan by the British aviation regulator to impose a real-terms cut in the fees it charges airlines.
The proposal, made by the Civil Aviation Authority (CAA) in April, demands that Heathrow increase its take-off and landing fees by an amount lower than inflation for the five years between 2014 and 2019. The move is designed to curb the airport’s “substantial market power”, the CAA said………………………………………..Full Article: Source

Posted on 28 June 2013 by VRS |  Email |Print

Mubadala Real Estate & Infrastructure (MREI), a business unit of Mubadala Development Company, and TOP Taiwanese property developer Farglory Group have broken ground on the $1 billion Maryah Plaza, a four-tower luxury waterfront complex in Abu Dhabi.
Located on Al Maryah Island, the four towers of the plaza will be developed in phases and, when complete in 2020, will have a combined GFA (gross floor area) of 153,000 sq m. This marks the first development which has commenced on the Island by a foreign direct investor………………………………………..Full Article: Source

Posted on 28 June 2013 by VRS |  Email |Print

The Russian government is dramatically scaling back its program of privatizing state-controlled companies, closing the door on what had been touted as a bold move to reduce the government’s role in the economy.
Alexei Ulyukayev, who took over as economy minister on Monday, said the bulk of the sales will be pushed back until at least 2016. He also proposed that the government’s National Welfare Fund, a sovereign-wealth fund earmarked to finance future pension payments, be allowed to buy shares from state-owned companies, effectively keeping them under government control………………………………………..Full Article: Source

See more articles in the archive

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930