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Sovereign Wealth Funds Briefing 28.Aug 2013

Posted on 28 August 2013 by VRS |  Email |Print

The Bank of Thailand is studying a plan to use its surplus foreign reserves to establish what would be called a New Opportunity Fund, aimed at increasing returns as a part of efforts to improve the central bank’s balance sheet.
Pongpen Ruengvirayudh, the central bank deputy governor overseeing monetary stability, said such a sovereign wealth fund, if established, would be managed by a separate organisation or even the central bank itself. The study will not take long, but the fund’s size cannot yet be estimated………………………………………..Full Article: Source

Posted on 28 August 2013 by VRS |  Email |Print

AustralianSuper has upped the ante in its dispute over the Future Fund’s purchase of a stake in Perth airport, accusing the $80 billion sovereign wealth fund of withholding crucial documents.
AustralianSuper said it had requested documentation from the Future Fund in relation to the allocation of the purchase price of the airport assets from the Australian Infrastructure Fund (AIX) and is pursuing this matter in the best interest of its two million members. “These documents are being sought so that we can determine whether to pursue a claim arising from the sale of the AIX assets,” said an AustralianSuper press release………………………………………..Full Article: Source

Posted on 28 August 2013 by VRS |  Email |Print

Saudi Arabia ranked second globally and first at the Arab level in terms of the assets of sovereign wealth funds (SWFs), local media said quoting a report released by the SWF Institute.
According to the report, assets and foreign holdings of the Saudi Arabian Monetary Agency (SAMA), or the Kingdom’s central bank, stood at $675.9 billion in August of the current year compared to $532.8 billion in June. Norway, represented by the Government Pension Fund, occupied the first rank globally on holding the biggest SWF assets valued at $737.2 billion, the report said………………………………………..Full Article: Source

Posted on 28 August 2013 by VRS |  Email |Print

The NOK151bn (€18.7bn) Government Pension Fund Norway (GPFN) has asked energy company Statoil to improve reporting on its US shale gas operations.
Melanie Brooks, senior analyst for responsible investment at Folketrygdfondet, the fund’s manager, said that information on how the company manages environmental challenges was vital due to the associated financial risk………………………………………..Full Article: Source

Posted on 28 August 2013 by VRS |  Email |Print

The second quarter results for 2013 on sovereign wealth fund transparency have now been released to the public. The Linaburg-Maduell Transparency Index was developed at the Sovereign Wealth Fund Institute by Carl Linaburg and Michael Maduell.
The Linaburg-Maduell transparency index is a method of rating transparency in respect to sovereign wealth funds. Pertaining to government-owned investment vehicles, where there have been concerns of unethical agendas, calls have been made to the larger “opaque” or non-transparent funds to show their intentions………………………………………..Full Article: Source

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