Wed, Apr 16, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 03.Jul 2013

Posted on 03 July 2013 by VRS |  Email |Print

Ding Xuedong, recently tapped to lead the mainland’s sovereign wealth fund, will be under more scrutiny than his predecessor. The new boss of China Investment Corp, the mainland’s US$480 billion sovereign wealth fund whose chairmanship had been vacant for about five months, faces two immediate challenges - making more money from the fund’s overseas investments and finding additional capital.
The two challenges may have been reflected in the months of internal debate and jockeying for the chairmanship of one of the world’s largest sovereign funds, even with some candidates reportedly hesitant to accept the post due to increased pressure to generate returns and a lack of financial support. Some industry watchers said the long interregnum could have diminished the importance of Beijing-headquartered CIC………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

Speculation about who will head China Investment Corporation (CIC), the country’s sovereign wealth fund, has been on the increase since its chairman and CEO Lou Jiwei was named finance minister during a government reshuffle in March.
Candidates that have circulated on the Internet include persons from China’s central bank and a state-owned food-processing giant, as well as senior local officials from Shanghai and Chongqing, with the most recent guess to be a deputy secretary general at the State Council. On Sina Weibo, China’s Twitter-like microblogging site, media reports speculating who CIC’s next chairman will be have been reposted more than 1,000 times………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

Singapore’s sovereign investor Temasek Holdings Pte Ltd is coming under pressure to review its large exposure to Chinese banks as the world’s second biggest economy is on track for its slowest growth in more than 20 years.
The city-state’s AAA-rated wealth fund has poured billions of dollars into the biggest Chinese banks over the past few years including about $2.4 billion in the Industrial and Commercial Bank of China since 2012 alone………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

Temasek Holdings Pte’s assets probably jumped to a record as Singapore’s state-owned investment company benefited from a rebound in global stocks.
The company, which will release its annual review tomorrow, may have increased the value of its holdings by at least 8.6 percent to S$215 billion ($170 billion) in the year to March 31, according to CIMB Research Pte, Tufts University and Institutional Investor’s Sovereign Wealth Center. Nine out of Temasek’s 10 biggest holdings gained during the 12 months, according to data compiled by Bloomberg………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

The Government of Singapore Investment Corp (GIC), investment firm Temasek and Oman’s State General Reserve Fund have committed to invest USD 200 million in a real estate fund run by Indian mortgage lender HDFC , a source with direct knowledge of the matter told Reuters.
The investment is in a USD 500 million real estate private equity fund launched late last year by HDFC Property Fund, founded by Housing Development Finance Corp (HDFC), India’s biggest mortgage lender, the source said, speaking on condition of anonymity as the information is not public………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

CITIC Capital Venture Partners, the fund managed by the venture group of CITIC Capital Holdings Ltd, said Monday that it has finished fundraising a total of $113 million.
Some of the world’s top-tier international investors, including Vertex Asia Growth, a wholly owned subsidiary of Temasek Holdings, have been introduced as limited partners. CITIC Capital Venture Partners targets SMEs in sectors like clean technology, consumer goods and IT industries………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

Ahmad Al-Sayed, who headed Qatar Holding LLC, was appointed chief executive officer of the Qatar Investment Authority, the sovereign wealth fund of the world’s richest nation, the country’s official news agency said.
Sheikh Tamim bin Hamad Al Thani will chair the wealth fund and Sheikh Abdullah was named the vice chairman, the Qatar News Agency reported, citing a royal decree. Finance Minister Ali Al Emadi was appointed a board member, it said………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

Sheikh Hamad bin Jassim al-Thani, Qatar’s former prime minister and architect of its assertive investment strategy, has been replaced as head of the country’s sovereign wealth fund, as the emirate accelerates its transition to a younger generation.
Sheikh Tamim bin Hamad al-Thani, the new emir who took over after his father’s abdication last week, handed the top job at Qatar Investment Authority to Ahmad Al Sayed, the 37-year-old lawyer who has been chief executive of Qatar Holding – the fund’s direct investment arm – for the past four years………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

HH the Emir Sheikh Tamim bin Hamad al-Thani issued an Emiri decision restructuring the board of directors of Qatar Investment Authority. According to the Emir decision No 74 of 2013 membership of the board, under the chairmanship of HH the Emir, will be as follows:
HE Sheikh Abdullah bin Hamad bin Khalifa al-Thani, vice-chairman. HE Ali Sharif al-Emadi: member. HE Sheikh Ahmed bin Jassim bin Mohamed al-Thani: member………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

Low returns in core real estate are tempting investors to move up the risk curve, but they should beware of unwittingly increasing their exposure to “private equity”, according to Abu Dhabi Investment Authority’s (ADIA) head of real estate strategy.
Paul Kennedy, who oversees the real estate exposure of the world’s second largest sovereign wealth fund, told a conference in Cambridge, England, that leveraged and development-led property strategies should be funded by private equity allocations, or they risk “damaging” multi-asset portfolios………………………………….Full Article: Source

Posted on 03 July 2013 by VRS |  Email |Print

News that the Kuwait Investment Authority (KIA) is planning to invest up to $5 billion in overseas infrastructure, with an emphasis on UK assets, demonstrates the “strong and persisting international appetite” for UK investment, an expert has said.
“Appetite to invest in UK infrastructure has always been there despite the economic climate,” said Michael Watson, an infrastructure finance expert at Pinsent Masons, the law firm behind Out-Law.com………………………………….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