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Sovereign Wealth Funds Briefing 17.Jul 2013

Posted on 17 July 2013 by VRS |  Email |Print

Jim Kester has stepped down as head of private equity investing for the Abu Dhabi Investment Authority. No one knows exactly how much money is managed by ADIA, a sovereign wealth fund, but recent estimates have been around $600 billion. Between 5% and 10% of that is allocated to private equity, including investments in private equity funds and co-investments with those funds.
Kester joined ADIA in late 2010 after having spent four years running private equity out of New York for Zurich Alternative Asset Management. Before that he was with Allianz Private Equity Partners in Germany……………………………………….Full Article: Source

Posted on 17 July 2013 by VRS |  Email |Print

Abu Dhabi is part of a group of investors in Norway’s offshore gas pipeline system which is suing the Oslo government over a plan to reduce tariffs for using the network.
Companies representing several international investment funds, such as the Abu Dhabi Investment Authority, the Canadian Pension Fund and German insurer Allianz, have spent $5.1 billion in recent years acquiring stakes in Norwegian pipelines, then considered a safe and steady investment bet………………………………………..Full Article: Source

Posted on 17 July 2013 by VRS |  Email |Print

At an official Chinese New Year’s party earlier this year, a former bond trader named Zhu Changhong was hailed for the smart choices he made investing the world’s largest stash of cash: China’s $3.5 trillion in foreign reserves.
Tweaking the lyrics of a famous revolutionary song that extolled Mao Zedong, Mr. Zhu’s colleagues jocularly lauded him: “The east is red, the sun rises. From China arises Zhu Changhong…he is SAFE’s savior,” people with knowledge of the event say. SAFE is China’s State Administration of Foreign Exchange, the division of the central bank that manages China’s currency reserves and is one of the most powerful investors in the world………………………………………..Full Article: Source

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