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Sovereign Wealth Funds Briefing 04.Aug 2014

Posted on 04 August 2014 by VRS |  Email |Print

Singapore’s sovereign-wealth fund warned of a challenging investment environment over the next decade, as global central banks unwind easy-money policies amid a modest growth outlook for many developed economies.
GIC Pte. Ltd. said it sees greater investment opportunities in emerging economies compared with some developed markets, where ultralow interest rates have inflated prices across all asset classes. GIC, which manages Singapore’s foreign-exchange reserves, said it oversees more than $100 billion in assets, though analysts estimate the figure is closer to $300 billion………………………………………..Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

GIC Pte, manager of more than $100 billion of Singapore’s reserves, said it’s more positive on emerging markets, citing growing middle classes, valuations and the progress of reforms.
Emerging markets “of course have their own challenges, but we find that the valuation is not the hurdle,” Lim Chow Kiat, the sovereign wealth fund’s chief investment officer, said in an interview as GIC released its annual report on Aug. 2 and warned about elevated prices in developed markets. “We are not starting with high-asset prices.”……………………………………….Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

Singapore sovereign wealth fund GIC Private Ld believes emerging markets now offer better value than developed ones and is particularly interested in exploring increasing investments in their technology sectors, a senior fund executive said.
GIC, ranked the world’s eighth-largest fund with $320 billion of assets by the Sovereign Wealth Fund Institute, has taken a series of stakes in information technology companies in markets like China and India in recent months………………………………………..Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

Singapore’s sovereign wealth fund has signalled its confidence in China’s structural reforms by increasing its allocation to the country, as part of a push to boost its emerging markets exposure.
GIC, which has more than $100bn under management, said 14 per cent of its assets were invested in north Asia, which includes China, Hong Kong, Taiwan and South Korea. While this does not represent a sharp swing from the 13 per cent weighting last year, GIC emphasised its commitment to long-term investments………………………………………..Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

Singapore sovereign wealth fund GIC, which manages more than $US100 billion ($A108 billion) of the city-state’s foreign reserves, has warned of a tough investment outlook over the next decade as global central banks withdraw ultra-easy monetary policies.
GIC said the prices of all major asset classes have been inflated by the massive stimulus measures, and now face weak future returns. Global financial markets have been recovering strongly from the 2008/09 global financial crisis, supported by low interest rates and unconventional monetary policies,’ GIC said in its annual report on Saturday………………………………………..Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

Singapore investment fund GIC posted brighter returns on the nation’s nest egg as the world economy kept growing and financial markets stayed robust. ver five years to March 31 this year, GIC’s assets across the globe returned 12.4 per cent in US dollar terms - well above the 2.6 per cent for the five years to March 31 last year.
The big jump came as worldwide markets kept rebounding strongly from the lows of the 2008-2009 global financial crisis. “Its five-year returns improved significantly because the 2008 bear market has been flushed out,” said APS Asset Management founder and chief investment officer Wong Kok Hoi, who used to work at GIC………………………………………..Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

Singapore sovereign wealth fund GIC has appointed S. Dhanabalan, former chairman of Temasek Holdings, as a board member. hanabalan retired as chairman of Temasek a year ago after serving the state investor for 17 years. He previously served on the GIC board from 1981 to 2005.
GIC ranks as the world’s eighth largest fund with $320 billion worth of assets, according to the Sovereign Wealth Fund Institute………………………………………..Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

Norway’s $870 billion oil fund purchased a retail and office property in Paris from BlackRock Europe Property Fund III for 425.6 million euros, it said on Friday.
The 31,500-square-metres Le Madeleine building on Boulevard de la Madeleine will be managed by AXA Real Estate, the fund, the world’s biggest sovereign wealth fund, said in a statement………………………………………..Full Article: Source

Posted on 04 August 2014 by VRS |  Email |Print

Carlyle Group, the US private equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, announced its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.
While two US buyout funds accounted for more than half of all of Carlyle’s performance fees in the quarter, the Washington, DC-based private equity firm said its third European buyout fund was now also a contributor………………………………………..Full Article: Source

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