21.01.2013 - Malaysian sovereign wealth fund reports record gains, acquisition
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, reported a 24.3% jump in the net value of its investment portfolio in 2012 to a record 86.9 billion Malaysia ringgit ($28.9 billion.) Khazanah noted that its annual gains handily outpaced the 14.1% increase logged by the Malaysian stock market's Kuala Lumpur Composite Index. In an annual review released Thursday, Khazanah cited its property development investments in Malaysia's southern-most state of Johor Bahru, bordering Singapore, as well as initial public offerings by portfolio companies IHH Healthcare Berhad and cable-TV network Astro Malaysia Holdings Berhad, as factors contributing to its annual gains.............................................Full Article: Source
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