Sun, Apr 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 01.Nov 2013

Posted on 01 November 2013 by VRS |  Email |Print

Norway’s $808 billion sovereign wealth fund, the world’s largest, said today that long-term returns may be impacted should the companies it invests in fail to adequately manage and mitigate water-related risks.
Norges Bank Investment Management is exposed to water-related risks through investments in about 7,500 companies, it said today. It has investments in water-intensive industries including food and beverages as well as oil, gas and chemicals, NBIM said in a statement. These all rely on water in their operations and supply chain…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

Norway’s central bank will not sell any Norwegian crowns in November to buy foreign currency for the country’s $810 billion sovereign wealth fund, the bank said on Thursday, cutting its purchases from 100 million crowns a day in October.
Norway’s 2014 budget bill anticipates lower tax revenue transfers to the oil fund and analysts have said that the bank, which manages the fund, could reduce its purchases as early as November. The fund invests Norway’s revenues from oil and gas production for future generations. It is the world’s largest sovereign wealth fund…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

Norway’s sovereign wealth fund participated in the $929.5 million IPO of Empire State Realty Trust Inc.,, which began trading in New York earlier this month.
While the fund did not explicitly confirm its involvement, a source with knowledge of its activities told Bloomberg that it was one of the top 10 stock buyers in the IPO process. The fund refused to explicitly confirm its involvement, but its chief executive implied as much during an interview in Oslo on Oct. 25…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

Qatar’s sovereign wealth fund, one of the world’s most prolific investors, is building a $1-billion holding in Bank of America in hopes of benefiting from the U.S. economic recovery, the Financial Times reported, citing sources close to the plans.
Qatar Holding, the investment arm of Qatar Investment Authority (QIA), began buying BofA shares about two years ago, the newspaper said on its website, citing a person close to the fund. The FT added that Qatar had bought more of the bank’s shares when their price fell to $7-$8 last year…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

Credit Suisse Group AG (CSGN), Switzerland’s second-biggest bank, said it exchanged $4.5 billion of notes held by the Qatar Investment Authority into debt that qualifies as capital under stricter rules.
The Zurich-based bank and Qatari sovereign wealth fund swapped the Tier 1 capital notes for contingent-convertible bonds on Oct. 23 in a transaction approved by Swiss financial regulator Finma, Credit Suisse said…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

Abu Dhabi Investment Authority (Adia) is in advanced negotiations to buy a €750 million (Dh3.75 billion) property portfolio from the Swiss bank UBS. According to filings made with the French competition commission, the Abu Dhabi sovereign wealth fund, through its subsidiary Tamweelview European Holdings, is in talks with the UBS-owned Docks Lyonnais to sign what could be the biggest deal in French commercial real estate this year.
The portfolio includes the 24,000 square metre 19th century 6-8 Boulevard Haussmann office block in the 9th arrondissement of Paris currently let to the French bank BPI as its headquarters…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

Zimbabwe plans to craft a law to set up a sovereign wealth fund by next February - but it may not have any money at first as the government desperately needs to develop the country’s crumbling infrastructure, the finance minister said. Patrick Chinamasa also said on Wednesday that the government would consider a first international bond issue to help finance its mining sector.
The southern African country has previously said it wanted to create a sovereign wealth fund to buy shares in foreign-owned companies, including mines, under President Robert Mugabe’s controversial black economic empowerment programme…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

China Investment Corp., the sovereign fund that holds the government’s stakes in banks and brokerages, gave its approval for Shenyin & Wanguo Securities Co. to buy Hong Yuan Securities Co., a person with direct knowledge of the matter said.
Hong Yuan said in September that Vice Chairman Hu Qiang and Vice President Zhou Dong were being investigated by Chinese police, without giving more details. That probe prompted the acquisition talks, said the person, who asked not to be identified because the matter is private. The brokerages are now seeking approval from regulators including the China Securities Regulatory Commission, the person said…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

A fund linked to Singapore’s Temasek Holdings became the third foreign state-linked entity to have their China investment quotas raised to $1.5 billion, signalling that interest in the world’s second-largest economy remains robust.
Temasek Fullerton Alpha Pte Ltd received an additional $500 million in quotas in October, part of the $1.02 billion in fresh combined quotas that the China’s State Administration of Foreign Exchange (SAFE) issued to licensed overseas institutional investors for the month, data showed on Thursday…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

Clifford Capital has priced its maiden bond issue - US$300 million five-year notes - the first-ever U.S. dollar bond issue guaranteed by the Singapore government. As such the notes achieved tight pricing and were hotly sought after, said Jason Khoo, HSBC head of debt capital markets, South East Asia.
Clifford Capital was set up last year as a project finance company that would plug funding gaps for large, long-term, cross-border projects. Temasek Holdings is Clifford Capital’s biggest shareholder with a 40.5 per cent stake…………………………….Full Article: Source

Posted on 01 November 2013 by VRS |  Email |Print

The High Court here today struck out tycoon Tan Sri Halim Saad’s RM1.8 billion suit filed against Khazanah Nasional Berhad and two others over his settlement to exit from Renong Berhad. Judge Datuk Hanipah Farikullah ordered Halim to pay costs of RM25,000 to former minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop and the government, and another RM25,000 to Khazanah Nasional.
Halim, a former majority owner and executive chairman of Renong Bhd, filed the suit on April 17 this year. In the judgment, Hanipah said the agreement among the parties involved was made in 2003, and the action filed by Halim was way out of the six-year time-frame that any aggrieved party could file…………………………….Full Article: Source

See more articles in the archive

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930