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Sovereign Wealth Funds Briefing 11.Dec 2013

Posted on 11 December 2013 by VRS |  Email |Print

Sovereign wealth funds, led by Norway’s $810bn oil fund, are using Hong Kong’s listings revival to achieve a long-held goal of ramping up exposure to China. The Norwegian fund – the world’s biggest pool of sovereign wealth – has emerged as one of the most important investors in Chinese companies this year, in spite of continued trade friction between Oslo and Beijing.
It was one of the main cornerstone investors ahead of the initial public offering of Cinda, the Chinese former bad bank set up to manage distressed debt in the late 1990s………………………………………..Full Article: Source

Posted on 11 December 2013 by VRS |  Email |Print

Abu Dhabi Investment Authority is investing $250 million ( Rs 1,500 crore) in Hines India Real Estate, the Indian arm of American property development and management firm Hines, amid a rise in overseas interest in the sector.
“The sovereign wealth fund has formed a strategic alliance with Hines to invest across the residential segment in metros across India. This is the first direct real estate venture with a developer in India for the fund,” said one of the people with direct knowledge of the investment. It’s not known how much equity it will have in the venture………………………………………..Full Article: Source

Posted on 11 December 2013 by VRS |  Email |Print

Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company and Cytec Industries, announced they have entered into a Strategic Collaboration Agreement. The collaboration will support the establishment of an advanced aerospace material ecosystem in the UAE.
Mubadala and Cytec are exploring opportunities to support the ongoing development of the aerostructures industry in the emirate of Abu Dhabi in the UAE. This includes evaluating the creation of prepreg manufacturing capabilities in the emirate, with the commitment of major aircraft OEMS to provide the requisite assistance and qualifications………………………………………..Full Article: Source

Posted on 11 December 2013 by VRS |  Email |Print

Monte dei Paschi seen closer in approach to QIA, merger talks with Unicredit Monte dei Paschi di Siena is close to signing a deal with Qatar Investment Authority (QIA) regarding the entry of the Sovereign Wealth Fund into the bank’s capital, two financial sources close to the matter told Capitol Intelligence.
The sources said the talks have been led by Barclays PLC which has an important presence in Doha and detailed talks were already undertaken on the sidelines of the World Bank IMF Annual meeting held in Washington in early October. The sources said entry of QIA into Monte dei Paschi is a very fluid following Monte dei Paschi’s board meeting on November 26 approving a EUR 3bn capital increase and ahead of an extraordinary shareholders’ meeting to held on December 27, 2013……………………………………….Full Article: Source

Posted on 11 December 2013 by VRS |  Email |Print

The importance of protecting the more than $1.6 trillion invested in Australia’s retirement funds from the risks associated with climate change has been highlighted in a new report, which has revealed that few superannuation fund trustees can demonstrate they are acting on their fiduciary duty to manage for climate and carbon policy risks.
Climate Smart Super: Understanding Superannuation & Climate Risk, released on Wednesday by The Climate Institute, offers information for individuals to learn more about their super funds and how to engage with them on the investments made on their behalf………………………………………..Full Article: Source

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