Sat, Dec 20, 2014
A A A
Welcome preal121
RSS
Sovereign Wealth Funds Briefing 03.Apr 2014

Posted on 03 April 2014 by VRS |  Email |Print

Sovereign wealth funds see emerging market turbulence as a long term buying opportunity, but are wary of excessive exposure via some of their Western holdings such as luxury goods makers, a top investment official at Franklin Templeton said.
David Smart, who heads a team managing assets for sovereign funds and supranational clients at Franklin Templeton, said the $5 trillion sector can afford to ride out volatile swings thanks to its long-term horizons…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Kenya plans to set up a sovereign wealth fund to invest revenue from future output of oil that Tullow Oil Plc (TLW) and Africa Oil Corp. (AOI) expect to start pumping as soon as 2016, central bank Chairman Mbui Wagacha said.
The country’s attorney general is “fine-tuning” a draft framework for the fund, which will shield the economy from cyclical changes in commodity prices, build savings for future generations and be used to invest in infrastructure, he said…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Panama’s sovereign wealth fund expects to begin the process of investing some of its assets into equities later this year, and would target developed economies, its chief investment officer said on Tuesday.
The fund, set up in 2012 to safeguard the country against negative shocks, currently invests almost two thirds of its $1.3 billion of assets in fixed income and holds the rest in cash. The majority of its fixed income assets are in U.S. corporate bonds, mortgage-backed securities and Treasuries, as well as debt issued by multi-lateral lenders such as the Latin American development bank (CAF)…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Kazakhmys Plc (KAZ), Kazakhstan’s largest copper miner, has received $1.25 billion after completing the sale of its power unit to the nation’s sovereign wealth fund.
The company sold its remaining 50 percent interest in Ekibastuz LLP to Kazakhstan’s Samruk-Kazyna fund, Kazakhmys said in a statement today. It bought Ekibastuz in 2008 for $1.26 billion and sold a 50 percent stake to Samruk-Kazyna for $681 million in 2010, Kazakhmys said…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Azerbaijan’s state oil fund (SOFAZ) has acquired an office complex in the South Korean capital Seoul for $447 million, the fund said on Tuesday, as it further diversifies a broad portfolio of foreign assets.
Increasingly wealthy Azerbaijan’s $34 billion fund holds the proceeds from oil contracts, oil and gas sales, transit fees and other revenues, and uses the returns on its investments to help pay for social spending and infrastructure projects. The 65,000 square-metre Pine Avenue Tower A, in Seoul is the fund’s first acquisition in the Asia Pacific region…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Sovereign wealth funds in the Middle East, mostly owned by the GCC countries, are likely to broaden the range of target markets in 2014 after doubling their acquisitions to $18.8 billion in 2013 as the global commercial property transactions volumes are projected to jump, Knight Frank’s said on Monday.
The latest Global Capital Markets report by the independent real estate consultancy said the global transaction volumes for commercial property (retail, offices, industrial and hotels) are set to see growth of at least 15 per cent in 2014, which will take the annual total to well in excess of $600 billion…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Al-Ajial Investment Fund of Kuwait Investment Authority (KIA) is investing 400 million euro in the Wessal Capital Gulf-Morocco venture, an equal share to that put in by the sovereign funds of Saudi Arabia, Qatar, the UAE, and Morocco.
Al Ajial Investment Fund General Manager Waleed Al-Fehaid told reporters in Casablanca, late Tuesday, that 780 million of the total investment would be channeled to the Wessal Casablanca-Port project. King Mohammed VI had earlier in the day inaugurated the project, which is aimed to bolster this gulf-Morocco partnership…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

The Arab Gulf states fund Wessal Capital will invest 6 billion dirhams ($737 million) in tourism infrastructure in the port of Casablanca, the first in a series of other similar projects planned by the Gulf states, a statement from the royal cabinet said on Tuesday.
Wessal Capital is a joint venture focused on tourism development in Morocco, created by Qatari fund Qatar Holding, the Kuwait Investment Authority’s Al Ajial Investments, Abu Dhabi’s sovereign wealth fund Aabar , Saudi Investment Fund and Moroccan Fund for Tourism Development (FMDT)…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Libya’s sovereign wealth fund has filed a $1.5 billion (£901.87 million) lawsuit against Societe Generale, accusing it of funnelling bribes worth tens of millions of dollars to associates of Saif al-Islam, the son of former Libyan leader Muammar Gaddafi.
“Societe Generale contests the unfounded allegations in the Libyan Investment Authority’s (LIA) complaint,” a spokeswoman for France’s second-biggest bank said in an emailed statement, without giving more details……………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Singapore state-owned investment company Temasek Holdings is investing Rs 240 crore for a significant minority stake in Star Agriwarehousing and Collateral Management Limited, one of the country’s fastest growing agri-solutions companies.
Started by four former franchisees of rural lending products from Rajasthan in 2006 with deep family roots in commodity trading, StarAgri has emerged as one of the country’s largest post harvest agri-solutions provider offering modern and mechanised rural supply-chain infrastructure like farm procurement, logistics services, warehouses, labs and collateral finance…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Khazanah Nasional Berhad, the major share holder in Malaysia Airlines (MAS), have always cooperated with the government to do all it can to assist in the case of the missing MAS flight MH370.
Khazanah Nasional managing director Tan Sri Azman Mokhtar said the government linked company would do everything possible in its capacity to assist. “From the day the flight went missing (March 8), we have been working closely with government and MAS. In the event of a tragedy like this, everybody need to work together and move forward……………………………Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

Khazanah Nasional Bhd said one of the key initiatives for the company this year is the continuous effort to build capacity of its Civil Society Partner Organisations (CSPO). The government investment arm is raising its investment for its corporate responsibility (CR) initiatives this year by 20 per cent to RM100 million, as part of its commitment to CSPO, said its managing director, Tan Sri Azman Mokhtar.
He said through the company’s CR grants programme, CSPOs will be able to broaden their impact by strenthening their service delivery, governance, and financial sustainability. Khazanah also reaffirmed its pledge to deepen and expand its CR initatives via the newly incorporated Yayasan Hasanah…………………………….Full Article: Source

Posted on 03 April 2014 by VRS |  Email |Print

The Reserve Bank of Australia (RBA) has questioned the role of superannuation funds boosting funding for infrastructure investment, saying that it is not appropriate to mandate funds to invest in assets to meet “broader national objectives.”
In its submission to the Financial System Inquiry (FSI), the central bank said that rather than superannuation funds being forced to invest in infrastructure assets, trustees should manage their investments with the member in mind. “The bank does not support suggestions that investment allocations could be imposed to meet funding targets for certain sectors and/or asset classes. Superannuation assets should be managed in the best interests of their members,” the submission said…………………………….Full Article: Source

See more articles in the archive

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031