Wed, Oct 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 25.Apr 2014

Posted on 25 April 2014 by VRS |  Email |Print

A meeting of Azerbaijani State Oil Fund (SOFAZ) supervisory board decided to recommend the fund’s 2013 budget execution project for the approval by Azerbaijani President, according to a message from SOFAZ.
SOFAZ said on Thursday, April 24 that the supervisory board meeting chaired by Artur Rasizadeh, Azerbaijan’s Prime Minister and the Supervisory Board’s Chairman, discussed the fund’s annual report and audited financial statements for 2013 and the report on execution of the 2013 budget. “The supervisory board approved the SOFAZ’s 2013 annual report and Auditor’s (PricewaterhouseCoopers) Report as submitted by the executive director of the fund,” according to the message from SOFAZ………………………………………..Full Article: Source

Posted on 25 April 2014 by VRS |  Email |Print

Three opposition MPs on Thursday sought to question Kuwait’s prime minister, accusing him of giving cash handouts to lawmakers and mismanagement in sovereign wealth fund investments. The request, filed by Riyadh Al Adasani, Abdul Karim Al Kundari and Hussain Al Mutairi, could lead to a no-confidence vote that may force Prime Minister Shaikh Jaber Mubarak Al Sabah’s dismissal.
The lawmakers said Kuwait’s sovereign wealth fund had posted losses in recent years in a number of major foreign investments, and despite that billions of dollars more were pumped into them………………………………………..Full Article: Source

Posted on 25 April 2014 by VRS |  Email |Print

The Fundo Soberano de Angola, the $5 billion sovereign wealth fund of Africa’s second-largest oil producer, is starting investments in hotels and commercial infrastructure in sub-Saharan Africa. The fund, based in Luanda, may invest in 50 sub-Saharan African hotels over three years, including in its home country, Chairman Jose Filomeno dos Santos said in an interview in Hong Kong.
In addition to the hotel fund, it is also setting up an infrastructure fund that will participate in projects including ports, airports and power plants, added the 36-year-old eldest son of the nation’s President Jose Eduardo dos Santos………………………………………..Full Article: Source

Posted on 25 April 2014 by VRS |  Email |Print

Angola’s Sovereign Fund, which was set up with initial capital of U.S. $5 billion, plans to start investing in hotels and commercial facilities in sub-Saharan Africa, its chairman José Filomeno dos Santos said.
Speaking to financial news agency Bloomberg in Hong Kong, dos Santos said that the Fund may invest in 50 hotel units in sub-Saharan African countries, including Angola………………………………………..Full Article: Source

Posted on 25 April 2014 by VRS |  Email |Print

The Qatar Investment Authority, which owns stakes in banks including Barclays and Credit Suisse Group, plans to start a fund to invest in healthcare companies, two people with knowledge of the matter said.
The sovereign wealth fund is in talks to appoint a financial adviser to assist with the process, one of the people said, asking not to be identified as the information is private. The QIA is seeking to profit from growth prospects in the healthcare industry and also diversify its investments, the people said………………………………………..Full Article: Source

Posted on 25 April 2014 by VRS |  Email |Print

China’s foreign exchange settlement rose in the first quarter, but at an easing rate. Officials say China’s slower economic growth and the U.S. central bank’s tapering may bring more volatility to cross border capital flows, it will be conventional for the Chinese yuan to float either way.
A solid rise from January to March, yet the tempo is falling month by month. China’s foreign exchange settlement and sale surplus comes in a downward trend, from more than 70 billion US dollars in the beginning, to just over 40 billion US dollars at the quarter end, according to China’s foreign exchange regulator………………………………………..Full Article: Source

Posted on 25 April 2014 by VRS |  Email |Print

Investment firm Temasek Holdings’ offer that values Olam International at S$5.3 billion has turned unconditional and the deadline for acceptances has been extended by two weeks to May 23, according to a regulatory filing by the commodities giant on Thursday.
Temasek’s unit, Breedens Investments, offered earlier this month to buy all the outstanding shares in Olam that it and its concert parties did not already own at S$2.23 per share, representing an 11.8 per cent premium to the last traded price………………………………………..Full Article: Source

Posted on 25 April 2014 by VRS |  Email |Print

FPT, Vietnam’s biggest technology group, has received two new institutional shareholders, Cashew Investments, which holds 3.6 percent of FPT’s chartered capital, and GIC, with 3 percent.
GIC, managing the investment portfolio worth $100 billion, is an institution under the management of the Singaporean government. Meanwhile, Cashew Investments is a branch of Temasek Holdings, an investment corporation of the government. The stake transfer deals, worth of millions of dollars, were only recently revealed to the public, when FPT released its annual report, disclosing its 10 largest shareholders………………………………………..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