Thu, Apr 24, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 23.Jul 2013

Posted on 23 July 2013 by VRS |  Email |Print

In one of the largest investment deals in the Indian real estate sector, sovereign wealth fund Qatar Investment Authority (QIA) is investing $300 million ( Rs 1,800 crore) in Bangalore-based real estate developer and South India’s largest office space builder RMZ Corp, said three people with direct knowledge of the development.
“The deal is in advance stage. QIA has committed to give money, and it will be based on project requirements. The investment will be equally split into a combination of equity and debt,” said the first person………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

Kuwaiti investment firm Arabi Group Holding Co. said on Monday it had won a bid for a 26 percent stake in Kuwait Health Assurance Co which was auctioned by the country’s sovereign wealth fund. Kuwait Investment Authority, the country’s wealth fund, set the conditions for the sale and launched the bidding process in April.
In a statement to the Kuwait bourse, Arabi Group said it had been selected as the strategic partner and would begin steps to establish the company, which is being set up to privatise expatriate health insurance and associated medical care………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

Temasek Holdings Pte. Ltd. has named a former minister, Lim Boon Heng, as chairman, replacing S. Dhanabalan who retires next month after being with the Singapore state investment company for 17 years. Mr. Lim joined the Temasek board in June last year and his appointment will take effect Aug. 1, Temasek said Monday.
The move isn’t expected to have an impact on the company’s operations as the position of chairman is a non-executive post. The running of the company is mostly left to the chief executive………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

Temasek Holdings, Singapore’s sovereign wealth fund, said on Monday that Lim Boon Heng, a former politician, was appointed to succeed outgoing chairman S Dhanabalan. Effective from August 1, Lim will be the fourth chairman of the city-state’s sovereign wealth fund.
According to the company’s press release, Dhanabalan has been the chairman for nearly 17 years since September 1996. He will turn 76 years old shortly after his retirement early next month. He is the longest serving chairman of Temasek………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

The appointment of a new chairman at Temasek Holdings has revived talk of a new CEO as well. Former Cabinet minister Lim Boon Heng has been appointed chairman of Temasek Holdings.
Observers say any board and management changes that come along are all part of succession planning for the Singapore investment firm. Taking over as Temasek’s chairmanship from a predecessor that held the post for 17 years could be a tough act to follow, especially for someone who joined the board only a year ago………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

Prime Minister Lee Hsien Loong, in a letter of appreciation, credits outgoing Chairman of Temasek Holdings, Mr S Dhanabalan, for leading Temasek through storms, helping it seize new opportunities after each one, and instilling a forward-looking culture.
Prime Minister Lee Hsien Loong has described the outgoing Chairman of Temasek Holdings, Mr S Dhanabalan, as an exemplary Chairman. In a letter of appreciation, PM Lee said Mr Dhanabalan provided strong leadership and steady support to the Temasek Board and management………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

Temasek Holdings Pte., Singapore’s state-owned investment company, sold its 5.34 percent stake in Huaneng Renewables Corp. on July 18.
Temasek sold 155.5 million shares at an average HK$2.8 (36 U.S. cents) each, according to a Hong Kong exchange filing. FIL Ltd. this month bought 3.14 million shares in Huaneng Renewables at the same price, raising its stake to 13.11 percent………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

Chinese banks bought less foreign exchanges than they sold in its bank-to-client forex transactions in June, registering a deficit of $400 milliondollars, latest data showed Monday.
It is the first such deficit since September, according to the State Administration of Foreign Exchange (SAFE). Bank-to-client foreign exchange transactions are a major source of fluctuation in China’s foreign exchange reserves………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

After the Contract of the Century the Southern Gas Corridor is an important event in the social-economical life of the region, the head of the State Oil Fund of Azerbaijan Shahmar Movsumov said.
He was commenting on the importance of selection of the Trans Adriatic Pipeline (TAP), which is a part of Southern Gas Corridor, as a route for Azerbaijani gas supplies to Europe. Movusmov said this event also shows that Azerbaijan, which is situated in a quite difficult geopolitical region, is an important and trusted partner………………………………………..Full Article: Source

Posted on 23 July 2013 by VRS |  Email |Print

The Alaska Permanent Fund (APF) has reached an all-time in a year in which Alaska’s Permanent Fund Dividend (PFD) will probably reach its lowest level since 1987. The PDF is Alaska’s small, variable, yearly basic income. It’s financed by the returns of the APF. You’d think, then, that the fund and the dividend financed by it would move up and down together.
And they do—on average, over the long-run, with a time-lag. But they don’t necessarily move together in any particular year, and this year the difference is extreme. The fund has risen to an all-time high of $45.5 billion, while the dividend is likely to reach a 25-year low of barely more than $700………………………………………..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