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Sovereign Wealth Funds Briefing 11.Mar 2014

Posted on 11 March 2014 by VRS |  Email |Print

Norway should not dig too deeply into its $850-billion sovereign wealth fund in the coming budget because this could overheat the economy and erode recent competitiveness gains, Prime Minister Erna Solberg told Reuters on Monday.
Her government, composed of the center-right Conservatives and the more radical right-wing Progress Party, begins today negotiations over next year’s budget, the first by the coalition since winning elections in September………………………………………..Full Article: Source

Posted on 11 March 2014 by VRS |  Email |Print

The Norwegian government’s sovereign wealth fund, which owns part of almost every listed company in the world, is considering selling out of its investments in carbon-intensive firms.
Given that the $840 billion fund, the world’s largest, invests the proceeds from the country’s oil and gas industry, this would be a stunning move. But the Norwegian Government Pension Fund does not have to look far for sound business reasons to take this step………………………………………..Full Article: Source

Posted on 11 March 2014 by VRS |  Email |Print

Norway’s $840 billion sovereign wealth fund is the biggest investment fund in the world. On average, it owns 1.3 per cent of every publicly listed company. Investors around the world watch its decisions. So when the Norwegian parliament voted late last month to look into selling off its holdings of fossil fuel companies, it was a big deal for both the financial and environmental community.
It’s estimated fossil fuel shares make up about 8.4 per cent of the fund’s portfolio – about $44 billion. Divestment would be a huge victory for the climate movement, which has encouraged institutional investors to get out of carbon-intensive companies on both moral and financial grounds………………………………………..Full Article: Source

Posted on 11 March 2014 by VRS |  Email |Print

It has been used to bail out the banking system and will soon change its name as part of a reorientation to support Ireland’s domestic economy with private equity and direct investments.
The NPRF, a so-called mini sovereign wealth fund managed by Ireland’s National Treasury Management Agency, was first set up by the Irish government in 2001 to deal with the prospect of an ageing population. Charlie McCreevy, Ireland’s minister for finance at the time, estimated that Ireland’s social welfare and public service pensions costs would rocket from 4.7% of gross domestic product to 12.4% by 2050………………………………………..Full Article: Source

Posted on 11 March 2014 by VRS |  Email |Print

Assistant Treasurer Arthur Sinodinos has said he does not believe SMSFs are doing “too much” property investing, reports SMSF Adviser. During a speaking engagement at the ANZ Central Bank and Sovereign Wealth Fund Conference in Sydney last month, Senator Sinodinos discussed the ongoing public speculation regarding SMSFs and property investment.
“Our superannuation pool now is about $1.6 trillion,” Sinodinos said. “One third of that is held through self-managed super funds, with one, two, three, or four people acting as trustees for their own superannuation fund.”……………………………………….Full Article: Source

Posted on 11 March 2014 by VRS |  Email |Print

Singapore’s Temasek Holdings is shedding the skin of a sprawling sovereign investment house, cutting stakes in big publicly listed companies as it puts more money into growing private companies and private equity firms in search of better returns.
Under the guiding hand of chief executive Ho Ching, the wife of Singapore’s prime minister, the $170 billion state investor is morphing into a leaner form. The firm’s returns have often lagged its own internal metric in recent years due to its focus on big stocks………………………………………..Full Article: Source

Posted on 11 March 2014 by VRS |  Email |Print

Commercial real estate investment sales topped $355 billion last year, a 19 percent hike over 2012 and the highest dollar volume since the financial crash in 2008, according to New York-based research firm Real Capital Analytics.
The firm expects 2014 volume to approach $400 billion, rivaling the dollar volume levels in 2004 and 2005. And within that, endowment funds and, in particular, sovereign wealth funds, keep ratcheting up their appetites for U.S. assets in a search for yield……………………………………….Full Article: Source

Posted on 11 March 2014 by VRS |  Email |Print

The need for greater transparency among emerging-market economies owning an increasing share of cross-border investments is moving slowly up the global economic agenda. Last week’s announcement by the International Forum of Sovereign Wealth Funds (IFSWF) that it’s moving its secretariat from Washington to London is, by itself, only a small step. Yet it heightens pressure for large-scale public investors deploying funds internationally to open up on their operations.
Counting all the investments of central banks, official investment agencies, sovereign funds and public pension funds, global public investors now own about $30 trillion of assets worldwide — a growing force on the world investment scene………………………………………..Full Article: Source

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