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Sovereign Wealth Funds Briefing 03.Jul 2014

Posted on 03 July 2014 by VRS |  Email |Print

A consortium led by Singapore’s sovereign wealth fund GIC and private equity firm Olympus Capital has invested an additional US$106 million (S$132.1 million) in China’s Huaxia Dairy Farm. In a statement on Wednesday (July 2), GIC said it is investing US$70 million (S$87.2 million) in this latest round of funding, while Olympus Capital Asia is putting in US$30 million (S$37.4 million).
Other existing shareholders, including Grand River Capital, are investing the remaining US$6 million (S$7.5 million), it added. Combined with its previous investments, Olympus Capital Asia has now invested US$108 million (S$134.6 million) in the company and is its largest shareholder………………………………………..Full Article: Source

Posted on 03 July 2014 by VRS |  Email |Print

Malaysian state investor Khazanah Nasional plans to take Malaysia Airlines private as the first step in a major restructuring of the loss-making carrier following the disappearance of Flight MH370, said two people with knowledge of the matter.
A delisting would pave the way for Khazanah to revive the ailing carrier, possibly by selling its profitable engineering, airport services or budget airline units, trimming its payroll and installing a new management team………………………………………..Full Article: Source

Posted on 03 July 2014 by VRS |  Email |Print

Telekom Malaysia Bhd (TM) has entered into a deal with UEM Sunrise Bhd and Iskandar Investment Bhd (IIB) to form a joint venture (JV) company that will offer and operate smart services in Nusajaya, Johor. TM will hold a controlling stake of 51% in the JV at a cost of RM31 million.
Khazanah Nasional Bhd is the major shareholder of UEM Sunrise via its wholly owned subsidiary, UEM Group Bhd, as well as being the major shareholder of TM and IIB, and Khazanah is deemed to be interested in the proposed JV………………………………………..Full Article: Source

Posted on 03 July 2014 by VRS |  Email |Print

Several investors, including those from Europe and the US, have partnered with a Russian state-owned fund to invest in the Moscow stock exchange, despite rising tensions with the west over Russia’s annexation of the Ukrainian region of Crimea earlier this year.
The Russian Direct Investment Fund, a $10 billion vehicle set up in 2011 to help attract foreign investment into the country, said on Wednesday that it has teamed up with a consortium of unnamed institutional investors from the UK, Germany, US, China, Singapore, United Arab Emirates and Qatar to buy part of the Moscow Exchange being sold by the Central Bank of Russia………………………………………..Full Article: Source

Posted on 03 July 2014 by VRS |  Email |Print

Abu Dhabi Investment Authority (ADIA), the Persian Gulf sovereign wealth fund (SWF) with an estimated US$773 billion in assets, has hinted that China may play a growing role in its portfolio amid major economic and structural reforms in the country.
In its 2013 annual report, which offers a rare glimpse into ADIA’s investment strategy, the SWF said that emerging markets, including China, were playing a larger role in the global growth cycle than ever before. ADIA currently has a QFII quota of $1 billion. “China is in the midst of a historic shift in its economic governance that will likely result in a loosening of administrative controls and allow markets to play a larger role in allocating capital,” wrote Hamed Bin Zayed Al Nahyan, managing director, ADIA, in his foreword to the report………………………………………..Full Article: Source

Posted on 03 July 2014 by VRS |  Email |Print

Abu Dhabi’s sovereign wealth fund sees global growth driven increasingly by emerging markets, with China assuming a much greater role in the cycle, and is positioning its portfolio accordingly.
When an investor of such size - with an estimated $773 billion under management - makes such a call, it is likely to have big implications for world markets. One example of what Abu Dhabi Investment Authority (Adia) has in mind: it received approval to raise its allocation to China A-shares under the country’s qualified foreign institutional investor programme to $1 billion from $500 million………………………………………..Full Article: Source

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