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Sovereign Wealth Funds Briefing 11.Feb 2014

Posted on 11 February 2014 by VRS |  Email |Print

Nigeria provided $550 million to its Sovereign Wealth Fund to help guarantee power trading and spur investments to build the country’s electricity market, Finance Minister Ngozi Okonjo-Iweala said.
Out of the fund, $350 million will be used as “liquidity facility” for the state-owned electricity trader, which guarantees power sales by producers to distribution companies, Okonjo-Iweala told reporters today in the capital, Abuja. The remaining $200 million “will be for the infrastructure fund for gas-to-power investments.”……………………………………….Full Article: Source

Posted on 11 February 2014 by VRS |  Email |Print

The Federal Government on Monday said $550 million had been released to the Sovereign Wealth Fund (SWF) managed by the Nigeria Sovereign Investment Authority (NSIA) for investment in the power sector.
The Coordinating Minister for the Economy and Finance Minister, Dr Ngozi Okonjo-Iweala said shortly after the opening session of the International Conference on Power Sector and Infrastructure Financing in Abuja, that $200 million of the amount would be deployed into the Infrastructural Fund of the NSIA to finance gas to power investments with the private sector………………………………………..Full Article: Source

Posted on 11 February 2014 by VRS |  Email |Print

The value of the Alaska Permanent Fund at the end of 2013 was $49.7-billion dollars. The value of the fund was buoyed by the 9.2-percent return for the first half of the fiscal year.
The Permanent Fund’s U.S. stock portfolio has returned 19.8-percent so far this year. CEO Mike Burns notes that 2013 was the best year for U.S. stocks since 1995. The non-U.S. stock portfolio has increased by 13.8-percent and the global portfolio is up 17-percent. The real estate portfolio increased by 4.4-percent………………………………………..Full Article: Source

Posted on 11 February 2014 by VRS |  Email |Print

Global assets under management will rise to more than $100trn by 2020, according to predictions by PwC. At the end of 2012, the figure stood at $63.9trn, according to the ‘Big Four’ consultancy’s report, Asset Management 2020: A brave new world. The report predicted $101.7trn would be driven by pension funds, high-net-worth individuals and sovereign wealth funds.
At client level, it suggested three key trends were behind the forecasts: the increase of mass affluent and HNW individuals in South America, Asia, Africa and Middle East; the expansion and emergence of new sovereign wealth funds with diverse agendas and investment goals; and the increasing defined contribution schemes partly, driven by government-incentivised or government-mandated shift to individual retirement plans………………………………………..Full Article: Source

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