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Sovereign Wealth Funds Briefing 05.Jul 2013

Posted on 05 July 2013 by VRS |  Email |Print

Singapore’s Temasek Holdings, one of the world’s largest sovereign wealth funds, said the size of its portfolio soared to a record high in the financial year ending March 2013, even as profits showed a slight dip.
At its annual earnings review on Thursday, the AAA-rated wealth fund said the value of its investments rose to 215 billion Singapore dollars ($168 billion) in the year, an 8.6 percent increase from the year before. In the last financial year, Temasek made investments worth 20 billion Singapore dollars in several companies including Spanish oil company Repsol, Singapore-based agricultural commodities company Olam and German chemicals company Evonik………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

Singaporean sovereign wealth fund Temasek posted a 9% portfolio gain, equal to US$215 billion. The company said that the growth was due to the global recovery and a series of successful investments in energy and resources sector.
Temasek made investments worth US$20 billion since the year started, and divested a total of $13 billion. The energy and resources industry received a total of US$4 billion from the sovereign wealth fund, prompting its shareholder profit to increase by 8.86%………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

Temasek Holdings’ portfolio value rose to S$215 billion ($169 billion), up 9% from S$198 billion in 2012, citing a global recovery as well as successful investments in energy and resources industries.
Over the year, the Singaporean sovereign wealth fund invested S$20 billion and divested S$13 billion, with S$4 billion allocated to the energy and resources sector. Its shareholder return was 8.86%, with annualised return over the past decade standing at 16%………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

Temasek Holdings will be looking for opportunities in China by looking at the solution to the problems as China pushes forward its reforms, the Singapore sovereign wealth fund said on Thursday.
“With the reforms that are coming, we believe that there will be more opening up,” said Chia Song Hwee, head of investment group and co-head of China operations. He cited the reform of the state-owned enterprises in China as an example, saying that it is expected to expand the base of invested stakeholders if it really takes place. “We are looking at it as an opportunity to build on the portfolio rather than shrinking it,” he said………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

Temasek Holdings Pte. Ltd., Singapore’s state investment company, said Thursday it is eager to capitalize on the gradual recovery it sees in the U.S., while keeping faith in China’s economy and financial sector despite concerns over a recent cash crunch there.
The company is sticking with its focus on these areas, its longtime strategy, even as some investors remain skeptical about growth prospects in the world’s two largest economies. China faces headwinds from domestic factors and the U.S. Federal Reserve is expected to tighten monetary policy………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

Temasek has warned that the unwinding of the US Federal Reserve’s quantitative easing will trigger “a lot of disruption and volatility” as Singapore’s state investment agency predicted slower growth in many markets in the near term.
The views of Temasek, one of the world’s largest sovereign wealth funds, carry increasing weight as it has been investing more money outside of Asia – home to 71 per cent of its portfolio – by focusing more on North America and Europe………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

Vietnam should consider following the model of Singapore’s Temasek Holdings Pte and Malaysia’s Khazanah Nasional Bhd. as it seeks ways to boost productivity at state-owned enterprises, McKinsey & Co.’s country head said.
“It could be very interesting to look at successful stories that Malaysia and Singapore had,” Marco Breu, McKinsey’s chief executive officer in Vietnam, said in an interview. “They created this arms-length view between the government and the SOEs, this entity which then started managing them professionally with only business incentives in mind.”……………………………………….Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

The new head of Qatar’s sovereign wealth fund, Ahmad al-Sayed, is known and feared as a hard, aggressive negotiator – and his appointment signals the fund’s ambitious overseas acquisition plans are likely to continue.
Qatar’s newly-crowned emir removed former Prime Minister Sheikh Hamad bin Jassim al-Thani as chief executive at Qatar Investment Authority (QIA) on Tuesday, replacing him with Sayed, a lawyer previously in charge of running the fund’s investment arm………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

The new head of Qatar’s sovereign wealth fund, Ahmad al-Sayed, is known and feared as a hard, aggressive negotiator - and his appointment signals the fund’s ambitious overseas acquisition plans are likely to continue.
Qatar’s newly-crowned emir removed former Prime Minister Sheikh Hamad bin Jassim al-Thani as chief executive at Qatar Investment Authority (QIA) on Tuesday, replacing him with Sayed, a lawyer previously in charge of running the fund’s investment arm………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

Samruk-Kazyna National Welfare Fund’s group of companies has signed memorandums of cooperation with British businessmen, Tengrinews.kz reports citing the official website of Kazakhstan Stock Exchange KASE. Samruk-Kazyna signed the memorandums with leading engineering, design and project management company Atkins and Partners Overseas and the biggest business leaders organization Institute of Directors.
“Signing the agreements is a result of successful work of both parties. I am confident that the potential of Kazakhstan-British partnership and the dialog during today’s round-table meeting will enable us to take the bilateral cooperation to a new level,” chairman of Samruk-Kazyna Umirzak Shukeyev said after the signing ceremony………………………………………..Full Article: Source

Posted on 05 July 2013 by VRS |  Email |Print

The Sovereign Wealth Fund Institute has produced an interactive map, detailing where the world’s government-backed investors reside. The map also illustrates which funds are oil and gas dominated, such as those in Saudi Arabia, the United Arab Emirates, and Norway.
Asia dominates the non-oil and gas sovereign wealth fund (SWF) locations, with China alone holding more than $1.2 trillion across four funds. The full map can be seen here………………………………………..Map: Source

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