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Sovereign Wealth Funds Briefing 13.Feb 2014

Posted on 13 February 2014 by VRS |  Email |Print

The Qatar Investment Authority, which controls more than $100 billion of assets, said it’s ready to boost investment in the U.K. after acquiring stakes in British companies such as Barclays Plc (BARC) and J Sainsbury Plc.
“Britain is one of the main destinations for investment,” Ahmad Al-Sayed, chief executive officer of the sovereign wealth fund, said in a Bloomberg Television interview from London yesterday. “You’ve great systems, great regulations. We’re happy to invest more when the opportunity is coming.”……………………………………….Full Article: Source

Posted on 13 February 2014 by VRS |  Email |Print

Late last month, Libya’s sovereign wealth fund sued the global investment bank Goldman Sachs at London’s High Court. It is alleged that the fund lost in excess of 1 billion US dollars in 2008 through poor investments advised by Goldman, which denies the allegations.
Prior to the 2011 uprisings, the Libyan Investment Authority (LIA) was often portrayed by the international media as one of the few instances of true modernization occasioned by Gaddafi’s détente with the West. It had offices in London and its chairman, Mohamed Layas, was about as seasoned a technocrat as the Libyans had to offer………………………………………..Full Article: Source

Posted on 13 February 2014 by VRS |  Email |Print

UK infrastructure such as energy is in the sights of the Qatar Investment Authority, according to the boss of the Arab emirate’s sovereign wealth fund. Ahmad Mohamed Al-Sayed, chief executive of the QIA, said the fund is “looking for opportunities” to invest more money in the UK economy which is still the “main destination” for its cash.
Qatar is already heavily invested in the UK, particularly in the English capital London. It owns significant chunks of property, such as the Canary Wharf Group and The Shard, as well as stakes in luxury department store Harrod’s and supermarket chain Sainsbury’s………………………………………..Full Article: Source

Posted on 13 February 2014 by VRS |  Email |Print

Qatar’s sovereign wealth fund has invested £250m ($412m) into London luxury department store Harrods since acquiring it four years ago, a senior executive revealed.
Ahmad Al-Sayed, CEO of Qatar Investment Authority (QIA), said in a rare public appearance that the UK would remain a “main destination” for the fund, which was a “long-term investor” in the country, the Telegraph reported………………………………………..Full Article: Source

Posted on 13 February 2014 by VRS |  Email |Print

Ding Xuedong, Chairman of China Investment Corp, said the sovereign wealth fund hopes to co-operate more with Chinese firms with their overseas investment plans, according to a statement.
Ding said CIC’s assets totalled $650 billion at the end of 2013. and that CIC encourages domestic firms to take large or controlling shareholder roles while the fund acts as an investor. CIC targetting investments in agriculture, high-tech, infrastructure and the real estate sectors………………………………………..Full Article: Source

Posted on 13 February 2014 by VRS |  Email |Print

Vancl, China’s largest online clothing retailer, has raised more than $100 million in funding from existing investors Temasek Holdings, IDG Capital Partners, Ceyuan Ventures and SAIF Partners. The transaction was completed at the end of January, said Chen Nian, founder and CEO of Vancl, at the company’s 2013 annual conference.
According to AVCJ Research, the firm has been through five rounds of funding, most recently receiving $230 million in June 2011. Qiming Venture Partners, CITIC Private Equity, Tiger Global Management, Trust Bridge partners and Kerry Properties are also among investors in the firm………………………………………..Full Article: Source

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