Wed, Oct 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS
Sovereign Wealth Funds Briefing 07.May 2014

Posted on 07 May 2014 by VRS |  Email |Print

The Central Bank of Nigeria (CBN), on Tuesday, lauded the establishment of the Sovereign Wealth Fund (SWF), but called for full constitutional provision for tue fund. The country’s apex bank said it was necessary for Nigeria “to save for the rainy day.”
Acting Governor of CBN, Dr Sarah Alade, while appearing before the national conference committee on public finance, which invited her for a chat, justified the establishment of the fund, saying it was necessary to invest in the future. She also advocated the creation of the office of Accountant-General for Federal Government, which would be separated from the existing office of the Accountant-General of the federation(AGF)………………………………………..Full Article: Source

Posted on 07 May 2014 by VRS |  Email |Print

A delegation of Abu Dhabi’s Sovereign Wealth Fund (SWF) Institute from the Middle East visited the Jaipur Foot manufacturing centre at Bhagwan Mahaveer Viklang Sahayta Samiti (BMVSS) in Malviya Nagar on Tuesday.
The delegation of the Abu Dhabi government comprising high ranking professionals from the institutional investor companies was directed by the ruler of Abu Dhabi Sheikh Khalifa bin Zayed Al Nahyan to visit the Jaipur Foot centre and study its functioning and financial management. Impressed by the case study of Prof Shrikant Datar of Harvard University on Jaipur Foot, SWF Institute is keen to adopt BMVSS’ management and financial model as its business philosophy………………………………………..Full Article: Source

Posted on 07 May 2014 by VRS |  Email |Print

Investment Corporation of Dubai, the emirate’s main state-owned holding company, may sell its first dollar bonds this month, according to a person familiar with the deal, as the city’s real-estate market and economy rebound.
ICD, as the company is called, will hold meetings with fixed-income investors starting from May 8 that will be arranged by Citigroup Inc., Dubai Islamic Bank PJSC (DIB), Emirates NBD Capital Ltd., HSBC Holdings Plc and Standard Chartered Plc (STAN)……………………………………….Full Article: Source

Posted on 07 May 2014 by VRS |  Email |Print

State-owned fund Investment Corporation of Dubai has mandated banks for a potential US dollar bond, according to a source.
ICD, has appointed Citigroup, Dubai Islamic Bank, Emirates NBD Capital, HSBC and Standard Chartered to a arrange a series of fixed income investor meetings in Asia, the Middle East and Europe starting on May 8………………………………………..Full Article: Source

Posted on 07 May 2014 by VRS |  Email |Print

Singapore sovereign wealth fund GIC has invested in Netshoes — the world’s largest pure play e-commerce company for sporting goods. In a joint statement with GIC on Tuesday, Netshoes — a Brazilian company — said it has obtained a new round of funding totalling some US$170 million.
GIC was the lead investor, and the other investors included founders and current shareholders such as Tiger Global Management, Singapore’s Temasek Holdings, Iconiq Capital and Kaszek Ventures. “We are very excited to back an outstanding management team and feel privileged to partner with a stellar group of investors with deep experience in the technology and e-commerce space,” Wolfgang Schwerdtle, senior vice president at GIC Special Investments, said in the joint statement………………………………………..Full Article: Source

Posted on 07 May 2014 by VRS |  Email |Print

The response here to the planned imposition of Islamic law in Brunei, with extreme penalties for adultery and gay sex, has become more pointed in recent days as two Hollywood-related charities moved events from the Beverly Hills Hotel, which is owned by the Brunei Investment Agency.
In a measure of the remarkable speed of the censure movement, the Beverly Hills mayor, Lili Bosse, said she will ask her city’s Council on Tuesday to urge the Brunei Investment Agency to divest itself of the Beverly Hills Hotel, The Wrap reported………………………………………..Full Article: Source

Posted on 07 May 2014 by VRS |  Email |Print

Azerbaijan’s state oil fund SOFAZ has reacquired the total volume of primary issue of bonds of the Southern Gas Corridor Closed Joint Stock Company (CJSC). This was announced by the broker of the acquirer — INVESTAZ Company on May 6.
The unsecured, interest-bearing, registered, and non-certificated bonds, the prospectus of which was recently registered by Azerbaijan’s State Committee for Securities, are worth over $917.32 million. Some 9,173,208 bonds, each with a nominal value of $100, will be placed at Baku Stock Exchange………………………………………..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