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Sovereign Wealth Funds Briefing 18.Feb 2014

Posted on 18 February 2014 by VRS |  Email |Print

Singapore state investor Temasek Holdings Pvt Ltd is seeking to sell its $3.1 billion stake in Thai telecom company Shin Corp, according to people familiar with the matter, and has approached its SingTel unit as a possible buyer.
Temasek, which owns 41.6 percent of Shin Corp through a subsidiary, held talks with Singapore Telecommunications Co, as SingTel is formally known, late last year, but those discussions have since stalled, said the people, who declined to be identified as the information is not public………………………………………..Full Article: Source

Posted on 18 February 2014 by VRS |  Email |Print

Web-based language-learning platform TutorGroup is getting nearly $100 million from some high profile investors, including Chinese e-commerce giant Alibaba Group and Singapore’s sovereign wealth fund Temasek.
The second round of funding for the online education firm, which was founded nine years ago and helps both children and adults learn English via the Web, also comes from venture-capital firm Qiming Venture Partners, according to a company release. Shanghai-based Qiming first funded the company two years ago with a $15 million investment………………………………………..Full Article: Source

Posted on 18 February 2014 by VRS |  Email |Print

Investment in the agricultural sector must be made more transparent if Australia is to realise goals of becoming the food bowl of Asia, and the $100 billion Future Fund could have a role in stimulating the flow new money into the sector, according to Winemakers Federation chairman Tony D’Aloisio.
The investment in the sector by the federal government’s Future Fund could help draw investment from competing funds both offshore and domestically. The Future Fund in 2011 tipped $125 million into a joint venture with listed farming group PrimeAg in a bid to stimulate further investment, but the vehicle foundered after a discounted capital raising sparked tension among investors………………………………………..Full Article: Source

Posted on 18 February 2014 by VRS |  Email |Print

When in 2010, the National Economic Council (NEC) approved a plan to replace the Excess Crude Account (ECA), with a Sovereign Wealth Fund (SWF), there was a lot of fuss from different quarters across the country. Many wondered what sort of idea was being thrown up. A Sovereign Wealth Fund! What could that mean?
While the state governors, who were the direct beneficiaries of the Excess Crude Account, vehemently opposed the idea, preferring to have the money shared out as usual, ordinary Nigerians were not amused by what they thought was another drain pipe being hatched by government to fritter away money. Not a handful of Nigerians understood, believed or appreciated the import of a sovereign wealth fund……………………………………….Full Article: Source

Posted on 18 February 2014 by VRS |  Email |Print

Ahmad al Sayed, the CEO of Qatar Investment Authority (QIA) has said the country’s sovereign wealth fund is open to partnerships across the world and not limited or restricted to a specific area or a country.
“We are a global fund. We invest globally, we diversify our assets geographically and by asset classes, and we have asset allocations so we will invest whenever the opportunity comes,” said al Sayed………………………………………..Full Article: Source

Posted on 18 February 2014 by VRS |  Email |Print

The head of Italy’s €4bn state-backed investment fund has rejected accusations that backing from Rome is “distorting” the Italian private equity market for investors keen to tap resurgent interest in the eurozone’s third-largest economy.
The comments from Maurizio Tamagnini, chief executive of Fondo Strategico Italiano, come as the former banker prepares to finalise a €500m deal with the Kuwait Investment Authority. The KIA deal to invest in the Italian investment fund follows an agreement by the Qatar Investment Authority to invest up to €1bn in a dedicated FSI-run fund to acquire furniture, fashion and machinery that is “Made in Italy”………………………………………..Full Article: Source

Posted on 18 February 2014 by VRS |  Email |Print

Asset management firms currently have about $64 trillion in investable assets, but that number is predicted to grow to more than $100 trillion by 2020, a compound annual growth rate of more than 6%. Driving the growth will be investments from South America, Asia, Africa and the Middle East.
According to PwC, the asset management industry managed 36.5% of all assets held in pension funds, sovereign wealth funds and insurance companies, and by wealthy people. The firm believes that by 2020 the industry could boost its share of assets under management to 46.5%………………………………………..Full Article: Source

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