Wed, Aug 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 02.Jul 2013

Posted on 02 July 2013 by VRS |  Email |Print

Atkins is to assist Kazakhstan in developing its infrastructure, following the signing of a one-year extendable contract with sovereign wealth fund Samruk-Kazyna. The engineering firm has been brought in to assist in the design and implementation of major infrastructure projects around the Kazakhstani capital of Astana and Aktau, the country’s biggest seaport. The contract is focused on the future provision of multidisciplinary design, project management and engineering services.
Prof Dr Uwe Krueger, Atkins’ chief executive officer said: “We recognise Kazakhstan’s ability and ambition to upgrade its infrastructure network to benefit business and its people and we are exploring ways in which we can support that. (Press Release)

Posted on 02 July 2013 by VRS |  Email |Print

China’s top bank got a boost from its second biggest shareholder last week when Singaporean sovereign wealth fund Temasek increased its stake in Industrial and Commercial Bank of China Ltd (ICBC), helping to support the lender’s share price as Chinese banks faced an unprecedented liquidity crisis.
Temasek’s purchase of about 126 million of ICBC’s Hong Kong dollar-denominated shares, announced late last week, was clearly driven in part by self-interest, as the wealth fund wanted to protect its massive existing investment in the bank worth more than $4 billion. Such purchasing is similar to share buybacks often seen in the US, when companies purchase their own shares to provide support in times of volatility……………………………….Full Article: Source

Posted on 02 July 2013 by VRS |  Email |Print

Often time sovereign funds allocate capital within their home markets. Positive externalities include local job creation and higher tax revenue for the government. In terms of small to medium-sized businesses, they tend to generate a significant portion of a country’s gross domestic product.
Being a cornerstone investor, the New Zealand Superannuation Fund (NZSF) committed NZ$ 40 million to a new expansion fund managed by Auckland-based Pioneer Capital. Pioneer Capital’s second fund will target private-owned, small to medium-sized New Zealand businesses that plan to expand into international markets. The fund capital will target exporters that need expansion capital in the NZ$ 10 to 30 million range……………………………….Full Article: Source

Posted on 02 July 2013 by VRS |  Email |Print

The Kuwait Investment Authority plans to invest as much as $5 billion in infrastructure assets mainly in the UK within the next three years to five years, the Financial Times reported.
The KIA, the country’s sovereign wealth fund, is targeting existing, heavily regulated infrastructure projects that generate cash, the report said, citing Managing Director Bader Al-Saad……………………………….Full Article: Source

Posted on 02 July 2013 by VRS |  Email |Print

The Sovereign Wealth Fund Institute has released a new map detailing the city location, asset size and funding source of sovereign wealth funds globally. As of June 2013, there are around $5.474 trillion in sovereign wealth fund assets.
Three years ago from June 2013, total volume of sovereign wealth fund assets amounted to US$ 4.107 trillion. In 3 years, sovereign fund assets grew by 33.3% far outpacing public pension asset growth rates……………………………….Full Article: Source

See more articles in the archive

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031