Mon, Dec 22, 2014
A A A
Welcome preal121
RSS
Sovereign Wealth Funds Briefing 22.Aug 2013

Posted on 22 August 2013 by VRS |  Email |Print

The world’s biggest sovereign wealth funds may see their bumper profits of 2012 diminish this year as recent diversification into high-growth emerging markets starts to produce disappointing returns.
Their long-term horizon may allow many sovereign funds, which globally control $5 trillion of oil and other windfall assets, to weather losses. But the sheer size of these funds may increasingly limit the window of opportunities even when emerging markets recover………………………………………..Full Article: Source

Posted on 22 August 2013 by VRS |  Email |Print

Norway’s $750 billion sovereign wealth fund can once again invest in Africa Israel Investments and its subsidiary, construction firm Danya Cebus , the Norwegian finance ministry said on Wednesday.
The firms were excluded from the fund, the world’s largest, in 2010 on the recommendation of its ethics council as they were involved in the building of Israeli settlements in the West Bank………………………………………..Full Article: Source

Posted on 22 August 2013 by VRS |  Email |Print

The $750 billion Government Pension Fund of Norway (GPF) has responded to a review of its investment strategy, which described its ethical footprint as “severely limited” and its attitude to climate change as “schizophrenic”.
The report, by the thinktank Re-Define and commissioned by Norwegian Church Aid, found what it calls “serious deficiencies” within the fund’s investments………………………………………..Full Article: Source

Posted on 22 August 2013 by VRS |  Email |Print

Singapore’s sovereign wealth fund, GIC, has emerged as the buyer of Blackstone’s 50 per cent stake in the Broadgate office complex in the Square Mile.
GIC is understood to be in exclusive talks with the American private equity group to buy the half share for £1.7 billion………………………………………..Full Article: Source

Posted on 22 August 2013 by VRS |  Email |Print

A Singaporean sovereign wealth fund (SWF) is set to make the single largest transaction in UK real estate history with the purchase of half a large business complex in the City of London. The Government Investment Corporation of Singapore (GIC) is to enter into the £1.7 billion deal to take over Blackstone’s 50% stake of London’s Broadgate development.
There had been suspicion that the Norwegian SWF would take the stake, and bolster its UK property portfolio, with several other large pension funds—including investors from North America—showing interest in the deal………………………………………..Full Article: Source

Posted on 22 August 2013 by VRS |  Email |Print

Last week, I argued that the main difference between the current excess crude account (ECA) and the proposed Sovereign Wealth Fund (SWF), for all practical purposes, is a further postponement, and perhaps a bigger pie of the consumption of oil revenues because of the way government is currently structured.
My arguments had three dimensions. First, I argued that SWF is still about smoothening of oil revenues over periods of low and high oil prices. As good as that sounds, it simply means that it is not different from ECA in that essential principle………………………………………..Full Article: Source

Posted on 22 August 2013 by VRS |  Email |Print

The country has been able to save close to $279 million from revenue earned from crude oil export for the first half of 2013. This is contained in the Ghana Petroleum Funds report on the country’s earnings from crude oil export since it started exporting crude.
According to the report, $77 million will be set aside for future generations in the Heritage Fund, while $202 million has accrued to the Stabilisation Fund to cushion the country in times of crude oil price volatility………………………………………..Full Article: Source

Posted on 22 August 2013 by VRS |  Email |Print

A popular story has emerged on the internet touting the benefits of the United States creating a federal sovereign wealth fund in order to harvest gains from the increase in proved natural gas reserves. A similar debate is occurring in the United Kingdom with regard to energy resources in the North Sea.
Due to advances in energy extraction technology, namely hydraulic fracturing (fracking), the proven number of gas reserves has dramatically increased since the beginning of the millennium………………………………………..Full Article: Source

See more articles in the archive

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031