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Sovereign Wealth Funds Briefing 09.Aug 2013

Posted on 09 August 2013 by VRS |  Email |Print

Korea Investment Corp., the nation’s sovereign wealth fund, plans to spend as much as $10 billion to triple its allocation to alternative assets, diversifying its portfolio to smooth the fund’s returns.
The sovereign wealth fund, known as KIC, wants to increase holdings of private equity, real estate and hedge funds to as much as 20 percent of its portfolio by 2016 from 6.1 percent at the end of 2012, its chief investment officer said………………………………………..Full Article: Source

Posted on 09 August 2013 by VRS |  Email |Print

Amyris Inc., the biotechnology company part-owned by Total SA, will sell as much as $60 million in convertible notes to Temasek Holdings Pte. Temasek will buy $35 million of notes in an initial tranche and later may purchase an additional $25 million of notes, Emeryville, California-based Amyris said today in a statement.
The first tranche is expected to close next month. The second may be issued at the company’s discretion within two years of the agreement, depending on meeting certain milestones at a Brazil production site………………………………………..Full Article: Source

Posted on 09 August 2013 by VRS |  Email |Print

Norway’s $760 billion sovereign wealth fund, the world’s largest, has appointed a corporate governance advisory board in an attempt to be a more active investor, the Financial Times reported on Thursday.
The fund invests Norway’s revenues from oil and gas production for future generations. It is one of the world’s largest investors with holdings in some 7,500 companies………………………………………..Full Article: Source

Posted on 09 August 2013 by VRS |  Email |Print

Norway’s $760bn oil fund, the world’s largest sovereign wealth fund, is stepping up its efforts to be a more active investor by appointing a corporate governance advisory board.
Having quadrupled in size in the past eight years, the vehicle is seeking to play a bigger role in selecting board directors at its biggest shareholdings such as Sweden’s Volvo Group………………………………………..Full Article: Source

Posted on 09 August 2013 by VRS |  Email |Print

Renewed calls for the Norway Pension Fund-Global and the Qatar Investment Authority (QIA) to be broken into smaller pieces has re-ignited the debate over how big is “too big” for sovereign wealth funds (SWFs). In Norway, the government’s opposition this month said it was time to consider breaking up the world’s largest SWF—which stood at $737 billion at the end of June—into smaller, more manageable funds.
In Qatar, there have been suggestions that the $115 billion QIA could function better as a couple of smaller entities, but so far there has been little political will in either country to change the status quo………………………………………..Full Article: Source

Posted on 09 August 2013 by VRS |  Email |Print

A fund backed by Ireland’s sovereign wealth fund is poised to buy about 400 mobile phone masts for 120 million euros ($160 million) from an investor group led by Goodbody Stockbrokers clients, three people with knowledge of the matter said.
Irish Infrastructure Fund, a 1 billion-euro fund created by Irish Life Investment Managers and run by Sydney-based AMP Capital Investors Ltd., entered exclusive talks last month to buy TowerCom Holdings Ltd., which owns the masts, said the people, who asked not to be identified, as the matter is private. An accord may be announced within weeks, they said………………………………………..Full Article: Source

Posted on 09 August 2013 by VRS |  Email |Print

The Abu Dhabi Investment Council has partnered with two other Japanese investors to buy a billion dollar Tokyo office tower. Market information shows that this is the biggest property deal in Japan since February, and the largest involving a foreign investor since the 2008-2009 global financial meltdown.
The group of investors includes Abu Dhabi Investment Council, Japan’s Secured Capital Investment Management Co. and C V Starr & Co. which is run by former U.S. insurance magnate Greenberg………………………………………..Full Article: Source

Posted on 09 August 2013 by VRS |  Email |Print

Super fund fees have fallen to 1.23% but increased to $18.6 billion on the back of rising assets under management, reveals new research from Rainmaker. The researcher has just released their annual superannuation fee report that analysed fees offered 526 funds and master trusts as well 60 self-managed superannuation fund (SMSF) administrators.
Rainmaker said the headline results confirm that overall superannuation fees measured as a ratio of assets under management have continued to fall, from 1.32% in 2007 to 1.23% in 2013………………………………………..Full Article: Source

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