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Sovereign Wealth Funds Briefing 11.Apr 2014

Posted on 11 April 2014 by VRS |  Email |Print

Angola’s $5 billion sovereign wealth fund, sub-Saharan Africa’s second-biggest, has this year made its first investments by buying fixed income securities but is yet to start financing infrastructure projects, its chairman said.
Africa’s biggest oil producing nation after Nigeria set up the FSDEA fund in 2012 to invest foreign exchange reserves and finance economic diversification and infrastructure but it has been criticised for making a slow start………………………………………..Full Article: Source

Posted on 11 April 2014 by VRS |  Email |Print

A top investment executive at Qatar’s sovereign wealth fund is leaving to start a hedge fund, people briefed on the development said. Kamel Maamria has served as head of the global investment portfolio at Qatar Holding, a branch of the Qatar Investment Authority, the emirate’s sovereign wealth fund. He has also served on the board of Harrods on behalf of Qatar Holding.
The fund will be one of relatively few based and focused on the Middle East, with offices in both Qatar and Dubai. Goldman Sachs is expected to act as its prime broker………………………………………..Full Article: Source

Posted on 11 April 2014 by VRS |  Email |Print

RRJ Capital Ltd., run by Charles Ong, and a fund owned by his former employer, Temasek Holdings Pte, have invested $250 million in Chinese logistics warehouse developer Shanghai Yupei Group Co.
The investment follows a $200 million stake purchase by the Carlyle Group and Townsend Group in August and completes the company’s equity financing needs for the foreseeable future, Yupei said in a press release yesterday. Temasek is Singapore’s state-owned investment company………………………………………..Full Article: Source

Posted on 11 April 2014 by VRS |  Email |Print

Temasek Holdings, the investment arm of Singapore government, has launched a new co-investment vehicle, Astrea II. The $215-billion fund will hive off part of its holdings into this new vehicle to enable participation by wider set of investors.
The new vehicle will have holdings in 36 private equity funds across geographies, sectors and vintages. With Temasek as the single largest investor at 38 per cent, Astrea II will be managed by ARDIAN, a global private investment company and leading secondary fund manager………………………………………..Full Article: Source

Posted on 11 April 2014 by VRS |  Email |Print

The 28-year-old wears black-framed glasses perched on cheeks still round with youth. A discerning eye might notice the resemblance to his grandfather: former Chinese president and Communist Party leader Jiang Zemin.
Alvin Jiang has a knack for landing lucrative deals in China, the world’s biggest emerging market for private equity. He is a founding partner at Hong Kong-based Boyu Capital, now one of the hottest firms in China. Boyu has attracted high-profile investors such as Asia’s richest man, Li Ka-shing, and Singapore’s sovereign wealth fund, Temasek Holdings Private Limited……………………………………….Full Article: Source

Posted on 11 April 2014 by VRS |  Email |Print

At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility, Standard Chartered said.
Twenty-three countries have publicly declared their holdings in yuan, in either the onshore or offshore markets, yet the real number of participating central banks could be far more than that, said Jukka Pihlman, Standard Chartered’s Singapore-based global head of central banks and sovereign wealth funds. Pihlman, who formerly worked at the International Monetary Fund advising central banks on asset-management issues, said at least 12 central banks had invested in yuan assets without declaring they had done so………………………………………..Full Article: Source

Posted on 11 April 2014 by VRS |  Email |Print

Landlords would be entitled to garnish the Permanent Fund dividends of renters under a bill approved by a House committee. House Bill 282 updates the Alaska Landlord and Tenant Act for the first time in decades.
The House Judiciary moved the bill Wednesday to the full House. It would have to be passed by both the House and Senate before the legislative session ends April 20 to become law. Among other things, the bill allows landlords to garnish the PFDs of tenants to cover repairs that cost more than the renter’s security deposit………………………………………..Full Article: Source

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