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Sovereign Wealth Funds Briefing 24.Oct 2013

Posted on 24 October 2013 by VRS |  Email |Print

Oman, the largest oil producer in the Arabian Peninsula that’s not a member of OPEC, said it’s shunning hedge funds and alternative assets to invest directly in emerging market equities and real estate in stable countries.
Oman Investment Fund, the sovereign wealth fund, manages almost all its assets internally and would only consider external managers because it could be “resource-intensive” to follow hundreds of stocks on a daily basis, Chief Executive Officer Hassan Al Nabhani said in an e-mailed response to questions, his first such interview in at least seven years………………………………………..Full Article: Source

Posted on 24 October 2013 by VRS |  Email |Print

Qatari and Kuwaiti sovereign wealth funds are in talks to take a stake of up to 15pc in EDF ’s £16bn nuclear power plant project at Hinkley Point in Somerset, it has emerged.
On Monday the French energy giant signed a landmark deal with the government over billions of pounds of subsidies for the plant, which would be Britain’s first new nuclear power plant in a generation………………………………………..Full Article: Source

Posted on 24 October 2013 by VRS |  Email |Print

Deutsche Bank has appointed Fahad Albader and Adel Dagher as co-heads of its asset and wealth management coverage for the Middle East and North Africa (MENA), eyeing business from sovereign wealth funds and family firms in the region.
Middle Eastern sovereign wealth funds, including the likes of Abu Dhabi Investment Authority (ADIA) and Kuwait Investment Authority (KIA), hold about $2 trillion in assets, luring large global banks and asset management firms to the region who are seeking a share of the business………………………………………..Full Article: Source

Posted on 24 October 2013 by VRS |  Email |Print

Over 2000 administrative employees of companies within the Samruk-Kazyna Sovereign Wealth Fund will be laid off in 2013, the Fund announced. Samruk-Kazyna keeps on its effort to optimize the structure of its administrative pool of employees. 2356 administrative employees will be made redundant in 2013, according to the Fund’s statement.
Back in 2012 a total of 2210 employees were made redundant, notably 588 employees of KazMunaiGas Oil and Gas Company, 400 employees of Kazakhstan Temir Zholy National Railways Operator, 235 employees of KazAtomProm National Nuclear Company, 286 employees of Kazakhtelecom and 701 employees of other Fund’s subsidiaries………………………………………..Full Article: Source

Posted on 24 October 2013 by VRS |  Email |Print

Khazanah Nasional Berhad is looking at impact investing in a bid to create social and environmental benefits in its projects. Impact investing is investment made in companies, organisations and funds with the intention to generate measurable social and environmental impacts alongside financial returns.
Khazanah managing director Tan Sri Azman Mokhtar said yesterday it is scaling up its Trust School programme, which has seen 10 national schools selected for a pioneer project to help improve teaching and learning………………………………………..Full Article: Source

Posted on 24 October 2013 by VRS |  Email |Print

Australia’s sovereign wealth fund is toasting another strong result thanks to rising equity markets and its move away from debt securities over the past 12 months. The Future Fund’s average annual return over three years has been nearly 10 per cent.
However experts say a number of mainstream super funds have done better………………………………………..Full Article: Source

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