Sat, Oct 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 04.Mar 2014

Posted on 04 March 2014 by VRS |  Email |Print

Some of Australia’s biggest resource companies could lose a major investor if Norway goes through with a plan to ban its famous sovereign wealth fund from investing in coal, oil and gas. Norway’s sovereign wealth fund is the world’s biggest at $840 billion and is a major shareholder in companies such as BHP Billiton, Woodside Petroleum and Whitehaven Coal.
A non-government majority in the Norwegian parliament had been edging towards a vote on banning the fund from investing in coal, and the pressure has forced the government to launch a year-long expert review into whether the fund should cease investing in all forms of fossil fuel………………………………………..Full Article: Source

Posted on 04 March 2014 by VRS |  Email |Print

On the very day last week when Norway’s parliament discussed banning its sovereign wealth fund from investing in coal miners, Store Norske, the country’s state-owned coal miner, opened a mine on the Arctic island of Svalbard. Hypocrisy was the word on the lips of environmentalists.
Now that charge has gained even more resonance. In the early hours of Friday, the two governing centre-right parties in Norway and two of their allies killed off the plans for an immediate ban on coal investment. Instead, they agreed something far more ambitious. An expert group will be set up to see whether Norway’s oil fund – the world’s largest sovereign wealth fund with assets of $840bn – should stop investing in any companies related to fossil fuels – not just coal, but oil and gas, too………………………………………..Full Article: Source

Posted on 04 March 2014 by VRS |  Email |Print

The Norwegian Government Pension Fund Global achieved returns of 15.9% in 2013 as its equity investments outperformed benchmarks, helping the fund break the $800 billion (€600bn) mark.
The fund’s value rose by around $200 billion (NOK1.2trn), to $830 billion (NOK5trn). More than 55% of that came from investment returns, while the remainder of the fund’s increase came through capital inflows from the government and returns on currency conversion………………………………………..Full Article: Source

Posted on 04 March 2014 by VRS |  Email |Print

The Government Pension Fund Global saw 16% return in 2013, driven by equities gaining 26.3% while fixed income didn’t budge; real estate is a growth area. Norway’s state oil fund is looking to follow up its successful shift into equities by “substantially” increasing its real estate investments in the coming years, the head of the Norges Bank Investment Management said at a presentation of the fund’s annual report on Friday.
The comments, which followed those made a couple of days earlier by the fund’s head of equities that it was recruiting actively in a bid to double the size of its 90-strong equity team, comes as a zero return on traditional fixed income assets continued to depress overall profits in 2013………………………………………..Full Article: Source

Posted on 04 March 2014 by VRS |  Email |Print

Norway’s ruling parties have agreed to study whether its US$840-billion wealth fund, itself built on oil revenues, should pull out of investing in oil, gas and coal for environmental reasons, the Progress Party said on Friday.
The minority government and two small opposition parties agreed to set up an independent panel to study the issue and present its findings next year, potentially heralding one of the biggest changes for the fund since it was set up in 1990………………………………………..Full Article: Source

Posted on 04 March 2014 by VRS |  Email |Print

The Alaska Permanent Fund has hit a record-high value. The total value for the fund hit an unaudited value of $50 billion on Thursday, according to the Alaska Permanent Fund Corp. The corporation manages fund investments.
The fund is a state nest egg built in part from Alaska oil revenue. Michael Burns is CEO of the corporation. He says close to half of the fund is invested in stocks, which had a strong year in 2013 and helped the fund to grow by more than $5 billion over the last year………………………………………..Full Article: Source

Posted on 04 March 2014 by VRS |  Email |Print

The New Zealand Superannuation Fund (NZ Super) has sold a 2.5% stake in Kaingaroa Timberlands, New Zealand’s largest forestry business, to a collective of six iwi organisations.
NZ Super remains the largest stakeholder in the business, with a 38.75% share. Other major stakeholders include Canadian pension fund, Public Sector Pension Investment Board at 30%, and an affiliate of the President and Fellows of Harvard College at 28.75%………………………………………..Full Article: Source

Posted on 04 March 2014 by VRS |  Email |Print

Sovereign wealth fund 1Malaysia Development Bhd (1MDB) has won a major government tender to build a power plant, which will help make an up to US$2 billion IPO of its power assets more attractive to investors.
The news came just after sources said that 1MDB, chaired by Prime Minister Najib Razak, had shortlisted at least six investment banks to make final presentations for the IPO. A decision on the winning bidder for the US$3.6 billion coal-fired power plant had been delayed after bids from 1MDB and YTL Power International came in too close to call………………………………………..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