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Sovereign Wealth Funds Briefing 06.Aug 2014

Posted on 06 August 2014 by VRS |  Email |Print

Acquisitions by global sovereign wealth funds (SWF) total US$15.2 billion in 2014 YTD, down 4 percent from 2013 year-to-date (US$15.7 billion) and the lowest YTD level since 2005 (US$8.5 billion), according to figures from data specialist Dealogic. Singapore is the top acquiring nation for SWF acquisitions with US$8.8 billion in 2014 YTD, up 69 percent from 2013 YTD and the highest YTD level since 2009 (US$10.8 billion). China and United Arab Emirates follow with US$2.6 billion and US$1.5 billion, respectively.
Temasek Holdings’ US$5.7 billion acquisition of a 25 percent stake of AS Watson Holdings announced in March is the largest global SWF M&A deal in 2014 YTD and the eighth-biggest global SWF M&A transaction on record………………………………………..Full Article: Source

Posted on 06 August 2014 by VRS |  Email |Print

Ardian, the private-equity firm formerly known as Axa Private Equity, is in talks to purchase more than $2 billion in private-equity fund stakes from Abu Dhabi Investment Authority, according to two people with knowledge of the deal.
ADIA, which invests on behalf of the government of Abu Dhabi, hired Cogent Partners to advise on selling mostly buyout fund stakes, people familiar with the matter said in July. Ardian made a bid on the portfolio before ADIA could start a sales process, said the people, who asked not to be named because the information is private………………………………………..Full Article: Source

Posted on 06 August 2014 by VRS |  Email |Print

Financial assets belonging to independent Saudi organizations, including the Saudi Arabian Monetary Agency (SAMA) and Public Investment Fund (PIF), in foreign countries amounted to SR385.3 billion, comprising 63 percent of their total assets.
“These organizations have invested SR335.1 billion, or 55 percent of their total assets in foreign stock markets and bonds,” said an analytical report, adding that they deposited SR50.2 billion, or eight percent of their funds, in foreign banks………………………………………..Full Article: Source

Posted on 06 August 2014 by VRS |  Email |Print

The foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) states dropped by 14.6 percent in 2014, said Tuesday a report by the National Bank of Kuwait citing UN data. The NBK report stated that fell for the fifth consecutive year in 2013 to USD 24 billion against USD 28 billion in 2012, down 14.6 percent, according the United Nations Conference on Trade and Development (UNCTAD).
“The country almost tripled its investments on the year before. Through its sovereign wealth fund, the Kuwait Investment Authority (KIA), and the investments of private individuals, Kuwait has consistently topped the regional rankings in FDI outflows,” reads the report………………………………………..Full Article: Source

Posted on 06 August 2014 by VRS |  Email |Print

CorpBank major shareholder Tsvetan Vasilev has announced that a consortium of investors led by a state fund of the Sultanate of Oman is to present an offer how to help the bank.
Vasilev, whose Corporate Commercial Bank (KTB) was placed under special supervision by Bulgaria’s central bank BNB on June 20, wrote in his personal blog that he needed customers and employees’ support for the plan which the State General Reserve Fund (SGRF) of Oman is expected to reveal……………………………………….Full Article: Source

Posted on 06 August 2014 by VRS |  Email |Print

Kazakhstan will bid to host a Tour de France stage, Tengrinews reports citing AFP. Nibali’s triumph on the Champs Elysees on Sunday concluded an eight year campaign by his Astana Pro Team — named after the Kazakh capital and funded by the country’s sovereign wealth fund Samruk Kazyna — to get people talking about the world’s biggest landlocked nation.
“This has been a very successful project, if you took the mathematics, how many times Astana was named in social media and in newspapers and on TV,” said Kairat Kelimbetov, president of Kazakh Cycling, governor of the country’s central bank and a former deputy prime minister……………………………………….Full Article: Source

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