Wed, Oct 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 27.Jan 2014

Posted on 27 January 2014 by VRS |  Email |Print

Twenty years before Norway began stashing away oil and gas revenue for future generations, the Canadian province of Alberta set up a sovereign-wealth fund (SWF), as such state-owned hoards are known. Sadly, the Heritage Savings Trust Fund has not lived up to expectations.
Although it has been around since 1976, it contains only C$16.8 billion ($15.3 billion). Norway’s stripling SWF, in contrast, has already accumulated a national nest-egg of $800 billion. Other Canadian provinces are now setting up SWFs—and trying to learn from Alberta’s mistakes………………………………………..Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

By mid-1999, under Jorge Giordani’s tenure as planning minister, the Investment Fund for Macroeconomic Stabilization (FIEM) was implemented as a saving scheme. Back then, Giordani said that the Chávez’s government approach was “that of squirrels, who save up their bounty for future use when they can’t find food.”
By December 2001, the FIEM totaled USD 7.1 billion. But in 2003, after a two-month general strike against Venezuelan President Hugo Chávez, the government dipped into the FIEM to cover the budget. More than USD 6 billion were withdrawn, and only USD 700 million remained in the fund………………………………………..Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

Kuwait’s sovereign wealth fund, one of the world’s largest, will focus on increasing its infrastructure investments in British, U.S. and European markets and is also looking at the international real estate sector, its managing director said.
Kuwait Investment Authority (KIA) managing director Bader al-Saad also told pan-Arab channel al-Arabiya that growth in capital and real estate markets was unlikely to carry on.“It is difficult for this growth to continue because the actual circumstances aren’t likely to align again,” he said……………………………………….Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

Kuwait , one of the world’s richest countries per capita, is investing a large share of its oil revenues abroad to provide for future generations. The assets managed by sovereign wealth fund, the Kuwait Investment Authority (KIA), have increased from an estimated $260 billion in 2008 to more than $400 billion today, making it one of the world’s largest sovereign wealth funds.
Nearly half of the total is invested In stocks, with the rest mainly in real estate and infrastructure assets in Europe , the United States and, increasingly, Asia . Closer to home, Kuwaiti investors are actively involved with the rebuilding of Iraq . The two countries have resumed direct flights and are collaborating on energy projects………………………………………..Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

Moody’s Investors Service has today affirmed the Baa3 issuer ratings of Kuwait Investment Company S.A.K. (KIC). At the same time, Moody’s noted that the company’s baseline credit assessment (BCA) of b3 has remained unchanged. The outlook on the ratings is stable.
This affirmation primarily reflects the high probability of government support in case of need, KIC is considered a government-related issuer (GRI), recognising (1) KIC’s 76 per cent ownership by the Kuwaiti government’s sovereign wealth fund (Kuwait Investment Authority or KIA), and (2) KIA’s continuous contribution to KIC through funding support and business generation………………………………………..Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

Sovereign wealth funds in the oil-rich Gulf will seek to raise allocations for private equity, infrastructure and real estate this year, while funnelling cash into local infrastructure, as part of a broader strategy to diversify their portfolios and spur the regional economy.
While none of these funds disclose the extent of their assets, they are widely perceived as ranking among the world’s richest institutional investors, not to mention the most secretive. According to estimates from the Sovereign Wealth Fund Institute, Saudi Arabia’s SAMA Foreign Holdings’ assets total $675.9bn, Abu Dhabi Investment Authority’s (ADIA) $627bn, Kuwait Investment Authority’s (KIA) $386bn and Qatar Investment Authority’s (QIA) $170bn………………………………………..Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

The finances of Bahrain’s sovereign wealth fund Mumtalakat are improving, allowing it to look for new investments more agressively this year, its chief executive said.
With $7.1 billion of assets under management at the end of September, Mumtalakat is one of the smaller sovereign funds in the Gulf, but it plays an important role in Bahrain’s economy: it holds stakes in 40 non-oil firms, including Bahrain Telecommunications and Aluminium Bahrain………………………………………..Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

Caution is the word for Khazanah Nasional Bhd when it comes to investment decision-making for 2014. This is because the Malaysian sovereign wealth fund, whose portfolio value rose to a record last year, believes that the uncertainties that have been plaguing the financial markets in recent years have yet to recede.
“Since 2008 (after the collapse of US banking giant Lehman Brothers triggered a global financial crisis), the general outlook has been uncertain… but it is okay. Our investment stance has always been cautious,” Khazanah managing director Tan Sri Azman Mokhtar says………………………………………..Full Article: Source

Posted on 27 January 2014 by VRS |  Email |Print

A hedge fund with financial backing almost entirely from China’s giant sovereign-wealth fund closed down last week less than three years after it was launched, according to people familiar with the matter.
PCA Investments was formed in 2011 and attracted notice for the involvement of China Investment Corp., the country’s $575 billion sovereign-wealth fund, which is tasked with investing part of China’s vast foreign-exchange reserves………………………………………..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