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Sovereign Wealth Funds Briefing 01.Jul 2014

Posted on 01 July 2014 by VRS |  Email |Print

The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, kept target asset-allocation ranges constant last year as it projected a continuation of emerging-market growth and slow recovery in the developed world.
ADIA, which is estimated by the Sovereign Wealth Fund Institute to hold $773 billion in assets, added staff last year on its real estate, infrastructure and private equities teams, but gave few clues in an annual review about how it is realigning itself to confront challenges in the global economy………………………………………..Full Article: Source

Posted on 01 July 2014 by VRS |  Email |Print

Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said internal money managers allocated more assets to European and South African equities last year.
The fund generated annualized returns of 7.2 percent over the two decades through 2013, down from 7.6 percent a year earlier, ADIA said in its annual report published today. The return over 30 years was 8.3 percent. The authority, which allocates 75 percent of its funds to external managers, doesn’t disclose the value of its assets………………………………………..Full Article: Source

Posted on 01 July 2014 by VRS |  Email |Print

Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is bullish on infrastructure and alternative investments in 2014, it said on Tuesday after reporting its 20-year annualised returns fell last year. Headquartered in the capital of the United Arab Emirates, ADIA manages the surpluses of Abu Dhabi’s earnings from oil exports and has assets estimated at $773 billion by the Sovereign Wealth Fund Institute.
Publishing its annual review for 2013, which provides rare insights into ADIA’s broad strategy, the fund said alternative investments - those outside mainstream areas such as equities and bonds - achieved their overall target last year. Its hedge fund portfolio delivered strong results despite challenging market conditions………………………………………..Full Article: Source

Posted on 01 July 2014 by VRS |  Email |Print

China Investment Corp., China’s $575-billion sovereign wealth fund, said it has appointed a career banker as its new executive vice president.
Liu Guiping will be one of five executive vice presidents at CIC, the fund said in a short announcement on its website. A former banker at Agricultural Bank of China, China’s fourth-biggest bank, Liu oversaw the retail banking business………………………………………..Full Article: Source

Posted on 01 July 2014 by VRS |  Email |Print

Manish Kejriwal was the senior managing director of one of the world’s largest sovereign wealth funds (SWFs), Temasek Holdings, owned by the Singapore government. A Baker Scholar from the Harvard Business School, in whose 8-year-term as the country head, the fund invested roughly $5 billion.
“I believe that the current government under the centralised leadership seems to be the one which can actually execute the concept of a sovereign wealth fund that can tick off all the required boxes and deliver as per its mandate,” Kejriwal, who now runs $500m Keedara Capital, said………………………………………..Full Article: Source

Posted on 01 July 2014 by VRS |  Email |Print

Temasek Holdings, a triple-A rated investment company owned by the government of Singapore, has been testing Bitcoin, according to a report in the Singaporean newspaper, Today Online, cited by coindesk.com.
The announcement has been made by the chairman of the company, Lim Boon Heng, in a speech cited by the same source. The experiment has involved everyone getting their own Bitcoin wallet and practicing by using it to donate to charity, Lim adds………………………………………..Full Article: Source

Posted on 01 July 2014 by VRS |  Email |Print

Shareholders of PT Bumi Resources Tbk approved the Indonesian coal miner’s plan to raise 8.05 trillion rupiah ($680 million) through a rights issue to reduce its debt to sovereign wealth fund China Investment Corp (CIC).
“It has been approved. Now we implement the shareholders resolution,” company director Dileep Srivastava told reporters on Monday. Bumi, controlled by the Bakrie Group, planned to sell about 32.2 billion shares at 250 rupiah each, according to a prospectus released last week. Proceeds from the sale would be used to pay off part of the miner’s debt to CIC………………………………………..Full Article: Source

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