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Sovereign Wealth Funds Briefing 28.Apr 2014

Posted on 28 April 2014 by VRS |  Email |Print

Angola’s sovereign wealth fund, Fundo Soberano de Angola, is looking to invest in Hong Kong’s capital market and seeking Chinese partners to co-invest in Africa, said fund chairman Jose Filomeno dos Santos. “We are considering co-investing in the Hong Kong capital market. Hong Kong is a bridge to [the mainland] and it allows repatriation of profits and more flexibility of capital movements. That is important for us as a foreign investor,” said dos Santos, a son of Angolan President Jose Eduardo dos Santos.
The fund’s international investments in Hong Kong would be mainly in government bonds, bonds issued by the mainland’s state-owned enterprises and currency instruments, he said. “Hong Kong is a platform for investment in the yuan. We will see whether it is a good investment avenue.”……………………………………….Full Article: Source

Posted on 28 April 2014 by VRS |  Email |Print

Norway’s $850 billion sovereign wealth fund, the world’s biggest, is reviewing risk in Russia, where it has “significant” holdings, Chief Executive Officer Yngve Slyngstad said.
“We observe that there’s a different risk profile,” Slyngstad told reporters in Oslo yesterday, after testifying to lawmakers on the fund’s investment strategy. “We are at any given time also considering conditions that have dimensions of geopolitics and geopolitical risk.”……………………………………….Full Article: Source

Posted on 28 April 2014 by VRS |  Email |Print

The situation in Ukraine has altered the risks affecting the Norwegian sovereign wealth fund’s investments in Russia, the head of the fund - the world’s largest of its kind - said on Friday.
The fund is one of the world’s biggest investors with holdings of $860 billion in some 8,000 companies across 82 countries. “We see that there is a different risk profile,” Yngve Slyngstad told reporters after speaking at a parliamentary hearing. “We have significant investments in Russia.”……………………………………….Full Article: Source

Posted on 28 April 2014 by VRS |  Email |Print

Norway-based Norges, one of the largest foreign funds investing in Malaysian equities, has been nibbling small to mid cap stocks that offer exciting upside. It has taken up small stakes in 53 Bursa Malaysia-listed companies, with total investments of around RM1.7bil, according to a fund manager.
Norges has a market value of 5,038 billion kroner (RM2.73 trillion) as of end-2013. Norges began investing heavily in the Malaysian market since 2010 and is now sitting on a paper gain of some RM600mil, giving its entire holdings in Malaysia a value of some RM2.3bil………………………………………..Full Article: Source

Posted on 28 April 2014 by VRS |  Email |Print

Malaysia’s troubled sovereign fund, 1Malaysia Development Bhd (1MDB), is planning to raise US$4.6 billion (RM15 billion) in what analysts say will be Asia’s biggest public offering of this year, the Edge Review reported.
According to the report, 1MDB is hoping to ease its crippling debt burden by listing its power-generation assets through an initial public offering (IPO) scheduled for November. Cornerstone investors will include state-owned entities from Abu Dhabi (20%) and Qatar-based investor groups (5%)………………………………………..Full Article: Source

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