Sat, Nov 29, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 16.Oct 2013

Posted on 16 October 2013 by VRS |  Email |Print

Norway has ordered a review of its $790 billion wealth fund, one of the world’s biggest investors whose largesse helps underpin Norway’s generous social benefits, responding to concerns that the fund is unwieldy and its returns too low.
The government also in a regular review of the fund’s investment ethics ordered it to sell stakes in several companies due to ethical issues and expressed concern over investments in oil companies Royal Dutch Shell and Eni. But it stopped short of saying the latter stakes should be sold………………………………………..Full Article: Source

Posted on 16 October 2013 by VRS |  Email |Print

The manager of Norway’s sovereign-wealth fund, the world’s largest, formed a venture with Axa Real Estate Investment Managers to provide European commercial real estate debt as borrowers rush to refinance maturing loans.
Norges Bank Investment Management and Axa Real Estate, a unit of Europe’s second-largest insurer, will supply individual senior loans as large as 600 million euros ($814 million) mainly in the U.K., France and Germany, Axa Real Estate said……………………………………….Full Article: Source

Posted on 16 October 2013 by VRS |  Email |Print

Norway excluded five companies from the investments of the nation’s sovereign wealth fund, the world’s largest, for taking part in activities that damage the environment or for being linked to child labour.
Malaysia’s WTK Holdings Bhd and Ta Ann Holdings Bhd were excluded alongside China’s Zijin Mining Group and Peru’s Volcan Cia Minera SAA on the basis that their activities risk causing severe damage to the environment, the Oslo-based ministry said on Monday. India’s Zuari Agro Chemicals Ltd was also excluded “based on an assessment of the risk of contributing to the worst forms of child labour”, it added………………………………………..Full Article: Source

Posted on 16 October 2013 by VRS |  Email |Print

Some of the remaining money in Ireland’s National Pension Reserve Fund (NPRF) is to be used to invest in capital projects. The Minister for Public Expenditure and Reform Brendan Howlin told the Dáil during his Budget speech that the Government will transform the NPRF into the Ireland Strategic Investment Fund.
Howlin said that this fund would “invest on a commercial basis in projects in Ireland that support economic activity and employment”………………………………………..Full Article: Source

Posted on 16 October 2013 by VRS |  Email |Print

Brazilian businessman Eike Batista ceded control of an iron ore port to Dutch energy firm Trafigura Beheer BV and an Abu Dhabi sovereign wealth fund in a $996 million deal that takes debt off his hands and secures new investment for the port.
The former billionaire’s latest effort to stave off the collapse of his once high-flying Grupo EBX conglomerate follows the sale of other key assets and comes amid talks with creditors of OGX Petróleo e Gas Participações SA. The oil producer missed a $44.5 million bond interest payment this month and, analysts say, risks going bankrupt within weeks………………………………………..Full Article: Source

Posted on 16 October 2013 by VRS |  Email |Print

China’s agency that manages the nation’s $3.66 trillion of foreign-exchange reserves is looking to make more investments in European property, two people familiar with the situation said.
The State Administration of Foreign Exchange, seeking to diversify the nation’s investments, is looking at real estate and infrastructure projects with a focus on the U.K., France, Germany, Poland and the Czech Republic, said the people, who asked not to be identified as they weren’t authorized to speak publicly about the matter. Valuations for such projects are currently at an attractive level, they said………………………………………..Full Article: Source

Posted on 16 October 2013 by VRS |  Email |Print

China-focused water treatment company SIIC Environment Holdings Ltd is raising S$260.2 million ($208.7 million) by selling new shares to investors including Chinese sovereign wealth fund CIC and private equity firm RRJ Capital.
Singapore-listed water companies have been attracting big-name investors as they profit from exporting their expertise to China, which plans to spend $850 billion over the next decade to improve its scarce and polluted water supplies………………………………………..Full Article: Source

Posted on 16 October 2013 by VRS |  Email |Print

One of the world’s largest sovereign wealth funds, China’s State Administration of Foreign Exchange (SAFE), has signed a landmark agreement with London Business School, to deliver world class education programmes to its employees.
The Memorandum of Understanding is the first that London Business School has signed with an organisation in China and arguably the most important anywhere in the world. It is designed primarily to offer SAFE’s employees access to London Business School’s Masters in Finance (MiF) programme, which is ranked number one in the world. Other relevant programmes such as the School’s number one ranked full-time MBA programme are also included as part of the agreement. (Press Release)

Posted on 16 October 2013 by VRS |  Email |Print

A sovereign wealth fund (SWF) is an investment fund managed by a government agency on behalf of a nation or sovereign state. SWFs (or “sovereign funds”) generally have a mandate to invest globally in any asset class – stocks, bonds, commodities, currencies, real estate, etc. SWFs have grown substantially in size, with total assets as of September 2013 amounting to $5.857 trillion, an increase of almost 80% from $3.265 trillion in September 2007.
This enormous pool of capital gives SWFs a great deal of clout in financial markets. Since the majority of SWFs are located in the Middle East and Asia, whether these largely opaque entities are friends or foes of the nations where they invest has been the subject of hot debates from time to time………………………………………..Full Article: Source

See more articles in the archive

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930