Wed, Oct 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 29.Oct 2013

Posted on 29 October 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund is looking at more investments in emerging markets in order to diversify beyond developed nations, said a senior executive of Credit Suisse who is one of the top advisors to the fund.
With assets estimated by analysts at about $100-200 billion, and over a dozen potential deals on its radar every week, Qatar Investment Authority (QIA) is courted by bankers and politicians around the world………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

Qatar’s $100bln sovereign wealth fund has sought to soften its image as an aggressive acquirer of trophy assets by putting money into so-called impact investment schemes with social or environmental objectives.
The Gulf state has earned a reputation as a trophy hunter in recent years, partly because of its high-profile property investments, including its £1.5bn purchase of London’s Harrods department store in 2010………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, has appointed a head for its newly-created infrastructure arm, seeking to bolster its investments in the sector, two sources familiar with the matter said.
Hakim Drissi-Kaitouni, previously a vice president at Bank of America Merrill Lynch in London, has joined as a managing director of Wren House Infrastructure Management, a fully-owned unit of KIA, the sources said, speaking on condition of anonymity as the matter is not public………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

Qatar Telecom (Qtel) is set to control more than 90 percent of Kuwait’s Wataniya after the Gulf state’s sovereign wealth fund tendered its entire stake in the unit, two sources familiar with the situation said on Saturday. Qtel, which operates in 16 countries across the Middle East, Africa and Asia, offered $2.2 billion in August for the 47.5 percent of Wataniya it does not already own.
The tender offer expired on October 4. Kuwait Investment Authority (KIA), one of the world’s largest sovereign wealth funds with about $300 billion in assets, is currently the second biggest shareholder in Wataniya, with a stake of 23.5 percent. “The KIA has decided to tender its full stake………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

Governor Babatunde Fashola of Lagos State denounced the move by the Federal Government to inaugurate the Sovereign Wealth Fund, SWF, stressing that it negates the country’s constitution.“The 1999 Constitution does not allow us to do what we are doing,” Fashola said.
It will be recalled that, a month ago, President Goodluck Jonathan inaugurated the council of the Nigerian Sovereign Investment Authority, NSIA, also known as SWF, where he canvassed for the support of the contributors, to realise the set objective of the fund………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

Alrosa, the Russian diamond monopoly, has raised $1.3bn in a Moscow public offering as the Russian government pushes forward with its $15bn privatisation programme. The offering was backed by US funds including Oppenheimer and Lazard, as well as the Russian Direct Investment Fund, Russia’s $10bn sovereign wealth fund.
Olga Dergunova, director of Russia’s Federal Property Management Agency defended the involvement of state-backed RDIF in a privatisation deal. RDIF helped “in attracting investors to come to the book . . . The name [RDIF] is really attractive,” Ms Dergunova said. She added that RDIF had bought a relatively small portion of the offering. According to the fund, it bought the stake alongside “a consortium of foreign institutional investors from North America, Middle East, Western and Northern Europe and Southeast Asia”………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

Subject to formal agreement from the ANZ board, the bank will appoint David Gonski its next chairman towards the middle of next year. The move opens the way for former treasurer Peter Costello to take the chair of the Future Fund, although this would entail some political risks and also threaten to destabilise the present smooth-running operation at the fund.
No decision will be made before today’s ANZ profit release, in which the bank is expected to report a better-than-expected profit underlined by a boost in full year dividends to at least $1.63 a share………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

Future Fund chairman David Gonski could well stay in his role at the wealth fund if, as expected, he is shortly anointed as ANZ’s new chairman. It is understood Mr Gonski has canvassed colleagues on the possibility of holding both positions, and the colleagues see no conflict given the Future Fund has a very specific mandate to safeguard its assets, which has no real impact on ANZ’s banking and financial services businesses.
The ANZ board will shortly consider Mr Gonski’s appointment. The high-profile businessman has privately indicated he is keen to take the job………………………………………..Full Article: Source

Posted on 29 October 2013 by VRS |  Email |Print

The RM10.2 billion DUO project, to be developed by Malaysia’s and Singapore’s sovereign wealth funds, Khazanah Nasional Bhd and Temasek Holdings Pte Ltd is set to boost the Bugis district in Singapore.
The project, which is currently being undertaken by M+S Pte Ltd, a 60-40 joint venture between Khazanah and Temasek, is situated strategically along the Beach Road-Ophir Rochor corridor and is the centrepiece of the Urban Redevelopment Authority’s (URA) initiative to rejuvenate the area………………………………………..Full Article: Source

See more articles in the archive

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031