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Sovereign Wealth Funds Briefing 08.Aug 2013

Posted on 08 August 2013 by VRS |  Email |Print

Umirzak Shukeyev is trying to clean up some of the most opaque corporations in one of the world’s most inscrutable countries. It is not a job for the faint-hearted. Mr Shukeyev is head of Samruk-Kazyna, the sovereign wealth fund of Kazakhstan – a sprawling empire of state-owned companies that symbolises the oil-fuelled power of the Kazakh state.
Over lamb kebab in the Kazakh capital, Astana, the former regional governor admits he is a fairly recent convert to western capitalist values. “At the start I didn’t really understand corporate governance,” he admits. “I do now.”……………………………………….Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

Oman’s sovereign wealth fund is among the parties in talks to take a shareholding in Indian low-cost airline SpiceJet, it was reported. Business newspaper LiveMint, citing an individual involved in negotiations, said that Oman Investment Fund was joined by a number of other Middle Eastern funds, foreign airlines and an Indian conglomerate.
Earlier this month Dubai’s Emirates Airline denied reports it was in talks to acquire a stake in the Chennai-based carrier, which has also been linked to tie-ups with Qatar Airways and Kuwait Airways. A deal is said to not be imminent………………………………………..Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

The Angola Sovereign Fund (FSDEA) must be flexible enough to serve all sectors, despite a focus on the hotels one, and engage a work team capable of perceiving the application of this instrument.
This was said Tuesday in Luanda by the specialist Manuel Ennes, on the fringes of a seminar on “Economy and Management”, sponsored by the Faculty of Economics of the Agostinho Neto University (FECUAN). The specialist on the occasion said only this way would the FSDEA be wisely utilised andthe concept of sovereign fund and its social function fully understood………………………………………..Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

When one thinks of a sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) usually comes to mind. The massive Gulf sovereign investor has been around a long-time – influencing asset allocation trends and asset manager movements.
A member of the ruling family, Sheikh Hamed bin Zayed Al Nahyan is the managing director of the Abu Dhabi Investment Authority (ADIA), a role he acquired after the death of his older brother in 2010. Tasked with managing the emirate’s treasure, Sheikh Hamed balances political life while managing a professional investment organization. Continuing tradition, Sheikh Hamed has embarked on a quest to solicit talent from abroad in order to bring more assets in-house……………………………………….Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

A group including an Abu Dhabi sovereign fund and former US insurance magnate Maurice “Hank” Greenberg have agreed to buy a prominent Tokyo office building for $1bn, the biggest property deal in Japan since February, people with direct knowledge of the transaction said.
The decision by the foreign and Japanese investors to acquire the ageing but distinctive structure in central Tokyo highlights expectations that real estate values will revive as Prime Minister Shinzo Abe’s pro-growth economic policies boost investor sentiment and risk appetite………………………………………..Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

The International Finance Corporation (IFC), the World Bank’s private-lending arm has disclosed plans to raise its investments in Nigeria by 25 per cent to $2 billion by next year.
The Country Manager, IFC, Mr. Solomon Adegbie-Quaynor: ““We are partnering the Nigerian Sovereign Investment Authority (NSIA) and also looking at institutions to work with for activities in banks, power, gas, transport and agriculture.”……………………………………….Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

Khazanah Nasional Bhd, is said to be the frontrunner to buy Bangalore-based, GMR Infrastructure’s, four road assets. It was reported that GMR plans to sell these assets for around Rs1,500 crore to Rs2,000 crore (RM789mil to RM1.05bil) to ease the firm’s liquidity pressure and to pare down debts.
Earlier reports said Pochanpalli Expressways, Ulundurpet Expressways, Hyderabad-Vijaywada and Hungund Hospet as the assets on the table………………………………………..Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

Prime Minister Lee Hsien Loong led the tributes to newly retired Temasek Holdings chairman S Dhanabalan on Tuesday, saying Singapore has been fortunate to have had leaders like him who led with conviction and dedication.
Mr Dhanabalan’s strong conviction was what made him valuable as a Cabinet minister, Mr Lee said, as he was prepared to voice his disagreements with policies and also searched his conscience to “do the right thing”………………………………………..Full Article: Source

Posted on 08 August 2013 by VRS |  Email |Print

Ho Ching has been the executive director of Temasek Holdings since 2002 and was appointed chief executive officer in 2004. Ho’s long tenure at Temasek Holdings has given her niche experience in leading of one of Singapore’s major institutional investors.
Temasek Holdings has transformed itself impressively during her tenure, expanding offices internationally, embarking on mega deals and betting huge on emerging middle class markets in Asia. Under Ho Ching, Temasek began a campaign investing in various sectors of the LNG supply – a national goal of making Singapore a LNG hub……………………………………….Full Article: Source

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