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Sovereign Wealth Funds Briefing 14.Jul 2014

Posted on 14 July 2014 by VRS |  Email |Print

India is not looking to set up any sovereign wealth fund (SWF) for now, Finance Secretary Arvind Mayarm has said. “We don’t think we have reached a stage where we can now commit our forex reserves to a SWF and start investing all around the world,” he said.
Mayaram’s remarks are significant as it is the first time since the new Government assumed charge that a senior Finance Ministry official was commenting on the matter of sovereign wealth fund………………………………………..Full Article: Source

Posted on 14 July 2014 by VRS |  Email |Print

GIC Pte, Singapore’s sovereign wealth fund, backed out of buying a Tokyo property from Lone Star Funds, according to people familiar with the transaction. GIC, which had entered exclusive negotiations with the U.S. fund, withdrew from pursuing Meguro Gajoen, an office and banquet hall complex in Tokyo, because of a dispute between two other parties involving land included in the sale, the people said, asking not to be identified because the information is private.
Both GIC and Hudson Japan K.K., a local unit of Lone Star, declined to comment. GIC’s withdrawal comes after Dallas-based Lone Star renewed efforts earlier this year to sell the property by including the land in the offer amid rising interest from investors in Japan’s property market………………………………………..Full Article: Source

Posted on 14 July 2014 by VRS |  Email |Print

The government can play a more powerful role than capital market in encouraging financial investment flowing into sustainable development businesses, said Gao Xiqing, former president of China Investment Corporation, China’s key sovereign wealth fund.
“The financial sector is overall cautious in investing in environmentally friendly industries,” he said. Many international public relations firms have been lobbying him to invest in environmental protection and non-fossil energy fuels projects since the launch of China’s sovereign wealth fund, said Gao………………………………………..Full Article: Source

Posted on 14 July 2014 by VRS |  Email |Print

The New Zealand Superannuation Fund (NZSF), via Waterman Capital, has taken a 20% stake in natural health products company Manuka Health New Zealand Ltd. Waterman Capital is a private equity investor contracted by NZSF – the New Zealand Government’s sovereign investment fund – to invest in New Zealand’s most promising companies.
Kerry Paul, Manuka Health’s Chief Executive, said Waterman’s investment was a welcome acknowledgement of Manuka’s strong growth path. “It’s great that New Zealanders, via this investment, will benefit from the development of this natural New Zealand resource………………………………………..Full Article: Source

Posted on 14 July 2014 by VRS |  Email |Print

Masraf Al-Rayan, Qatar’s largest Islamic bank by market value, said on Sunday it had agreed to sell its 50 percent stake in Seef Lusail Real Estate Development Co. to the real estate arm of the Gulf state’s sovereign wealth fund.
The bank, which did not disclose the sale price in its statement, had previously owned the company equally with Qatari Diar Infrastructure Company. Under the agreement, it will divest a 49 percent stake to its joint venture partner, with the remaining 1 percent sold to Qatari Diar Real Estate Investment Company. Both are units of Qatari Diar, owned by the Qatar Investment Authority………………………………………..Full Article: Source

Posted on 14 July 2014 by VRS |  Email |Print

The National Fund of Kazakhstan has reached $77 billion, Kazakhstan National Bank Chairman Kairat Kelimbetov said yesterday during his meeting with President Nursultan Nazarbayev, the presidential press service reported.
According to the National Bank, in January-June 2014 Kazakhstan’s total international reserves including the National Bank gold and forex reserves and National Fund assets increased from $95.5 billion to $103 billion………………………………………..Full Article: Source

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