Opalesque Sovereign Wealth Funds Briefing » Uncategorized http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en World’s largest sovereign-wealth fund may have hit its limit http://www.opalesque.com/SWF_Briefing/?p=20453 http://www.opalesque.com/SWF_Briefing/?p=20453#comments Wed, 17 Aug 2016 02:10:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20453 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20453>Article Link</a> After the Brexit, there has been evidence of large inflows of money into equity markets, and those inflows seem to discount valuation and growth concerns in favor of dividends that are higher than comparable interest attainable from near-term and midterm duration fixed income. (more…)

Temasek unit buys Tata Communications 17 data centers for $634m http://www.opalesque.com/SWF_Briefing/?p=19829 http://www.opalesque.com/SWF_Briefing/?p=19829#comments Fri, 20 May 2016 03:44:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19829 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19829>Article Link</a> Tata Communications Ltd., part of India’s biggest conglomerate, announced the sale of 74 percent stake in its data center business to a unit of Temasek Holdings for an enterprise value of $634 million to raise funds for expansion and pare debt. Singapore Technologies Telemedia Pte. is buying the majority stake in 14 data centers in India and three Singapore facilities while Tata Communications will retain the remaining 26 percent. (more…)

SWFs Selling Out http://www.opalesque.com/SWF_Briefing/?p=17291 http://www.opalesque.com/SWF_Briefing/?p=17291#comments Mon, 20 Apr 2015 02:34:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=17291 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=17291>Article Link</a> On Tuesday the China Investment Corp. (CIC) disclosed that it had sold more than 375.6 million shares in Shanghai-based Semiconductor Manufacturing International Corp. (SMIC) in a series of transactions over the first three months of 2015, lowering its stake to 10.5 percent of SMIC’s shareholder capital. (more…)

Taiwan: Central bank turns down sovereign wealth fund idea http://www.opalesque.com/SWF_Briefing/?p=15629 http://www.opalesque.com/SWF_Briefing/?p=15629#comments Wed, 23 Jul 2014 02:29:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=15629 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=15629>Article Link</a> The central bank yesterday rejected suggestions that it use the nation’s foreign-exchange reserves to establish a sovereign wealth fund, saying the two differ in operations and objectives. Local media reported last week that former minister without portfolio Schive Chi had called for the establishment of a sovereign wealth fund to better manage the nation’s forex reserves, raise their profitability and help narrow the nation’s deficit. (more…)

Timor Leste Petroleum Fund escalates 50 times in under seven years http://www.opalesque.com/SWF_Briefing/?p=11468 http://www.opalesque.com/SWF_Briefing/?p=11468#comments Fri, 06 Jul 2012 05:12:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11468 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11468>Article Link</a> Timor Leste (East Timor) gained its independence from Indonesia in a United Nations sponsored referendum in 1999 and became a sovereign state and member of the United Nations in May 2002. (more…)

Plan of Kazakh National Welfare Fund board of directors’ activity approved http://www.opalesque.com/SWF_Briefing/?p=11456 http://www.opalesque.com/SWF_Briefing/?p=11456#comments Thu, 05 Jul 2012 04:38:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11456 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11456>Article Link</a> A regular full meeting of the board of directors of the Sovereign Wealth Fund Samruk-Kazyna chaired by Prime Minister Karim Massimov was held on July 3. A plan of the board of directors for the second half of the year was approved, the fund said. (more…)

Brazil’s foreign reserves increase $1.5 bln in June http://www.opalesque.com/SWF_Briefing/?p=11446 http://www.opalesque.com/SWF_Briefing/?p=11446#comments Wed, 04 Jul 2012 04:04:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=11446 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=11446>Article Link</a> Brazil’s foreign currency reserves picked up $1.5 billion in June from the previous month, reversing the drop saw in May, as the value of country’s investments increased. (more…)

Opalesque Exclusive: Newly launched Sovereign Wealth Fund aims to top 150 billion assets in first year http://www.opalesque.com/SWF_Briefing/?p=8370 http://www.opalesque.com/SWF_Briefing/?p=8370#comments Fri, 01 Apr 2011 03:17:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=8370 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=8370>Article Link</a> Taurus Orators, the well-known alternative thinking group http://www.idataservices.co.za/taurus.html who last year launched an unsuccessful bid for the QE II to be used as a floating hedge fund hotel have been appointed to run a new sovereign wealth fund on behalf of a number of high net worth individuals.

This fund will be called the “X-Sovereign Wealth Fund” and the initial subscribers are ex-President Ben Ali of Tunisia, and ex- President Hosni Mubarak of Egypt. Discussions have been held with President Muammar Gaddafi of Libya and President Robert Mugabe of Zimbabwe. A number of other wealthy Middle East and African leaders have also expressed a keen interest to get involved.

Taurus Orator’s role will be to select various investment managers around the world to ensure global diversification. It is estimated that the assets under management could easily top $150bn in the first year if other leaders decide to contribute.

But acceptance to the fund is not cut and dried despite the qualification of being a wealthy ex-politician. Ex-Prime Minister Tony Blair is still smarting because his application was turned down because he only has millions and not billions. Ex- President George Bush’s joint application with Dick Cheney is still being considered by the fund managers.

Ex-President Hosni Mubarak has requested that Berlusconi be appointed as an advisor given the careful attention that he paid to the assets of the ex-President’s granddaughter. There is also a distinct possibility that President Berlusconi may soon also be eligible as an investor in the fund.

Adolph R Shole, the Chairman of the Fund notes: “With a fund of this size we may even consider launching a bid for the new QE II to turn it into a floating fund management village dedicated to the management of this money. This will put the assets of the fund on the high seas to avoid any possible attachment by any government, but we will avoid sailing too close to Somalia!”.

For more background information see http://www.idataservices.co.za/taurus.html

Amyris Biotechnologies secures investment from Temasek Holdings http://www.opalesque.com/SWF_Briefing/?p=5554 http://www.opalesque.com/SWF_Briefing/?p=5554#comments Thu, 01 Apr 2010 04:34:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=5554 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=5554>Article Link</a> Amyris Biotechnologies, Inc. announced that Temasek Holdings has invested $47.8 million into the company. Amyris intends to use these funds to support commercial plant design and construction activities as well as ongoing operations in the U.S. and Brazil. (more…)

Chinese SWF investing under the radar http://www.opalesque.com/SWF_Briefing/?p=5312 http://www.opalesque.com/SWF_Briefing/?p=5312#comments Wed, 03 Mar 2010 05:08:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=5312 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=5312>Article Link</a> From Lcbackerblog: Sovereign wealth funds are at their lest effective–and most transparent, when they operate as single entity investment vehicles. (more…)

Temasek Holdings recovers huge portfolio losses with $37bn value gain (+40%) in Q2 http://www.opalesque.com/SWF_Briefing/?p=3685 http://www.opalesque.com/SWF_Briefing/?p=3685#comments Tue, 11 Aug 2009 05:29:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=3685 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=3685>Article Link</a> From Komfie Manalo, Opalesque Asia: Singapore’s state fund Temasek Holdings has recovered a huge portion of its portfolio losses since March-09 as its value saw a major rebound on a strong global equity markets performance, according to a Strait Times analysis. (more…)

NZ state fund to invest in public-private partnership http://www.opalesque.com/SWF_Briefing/?p=3530 http://www.opalesque.com/SWF_Briefing/?p=3530#comments Fri, 24 Jul 2009 04:16:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=3530 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=3530>Article Link</a> From Reuters: A New Zealand fund that will use private capital to help fund public infrastructure works has signed up the state pension fund as its first investor, the manager of the fund said on Thursday. (more…)

2009 Sovereign Wealth Fund review as they currently control an aggregate $3.22tn in assets under management http://www.opalesque.com/SWF_Briefing/?p=2605 http://www.opalesque.com/SWF_Briefing/?p=2605#comments Thu, 02 Apr 2009 02:35:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=2605 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=2605>Article Link</a> Despite the global turmoil that has seen the assets of other institutional investors drop over the course of 2008/2009, the formation of a number of significant new sovereign wealth funds has seen the aggregate capital controlled by these giant investment vehicles grow by 6% from 2008 figures. (more…)

Alberta expects first deficit in 15 years http://www.opalesque.com/SWF_Briefing/?p=2239 http://www.opalesque.com/SWF_Briefing/?p=2239#comments Fri, 20 Feb 2009 06:05:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=2239 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=2239>Article Link</a> From Reuters: Canada’s energy-rich province of Alberta is expected to report its first budget deficit in 15 years this fiscal year, racking up more than C$1 billion ($800 million) in red ink as the value of its savings fund sinks. (more…)

Hong Kong’s foreign currency reserve assets fall US$800m http://www.opalesque.com/SWF_Briefing/?p=2137 http://www.opalesque.com/SWF_Briefing/?p=2137#comments Tue, 10 Feb 2009 05:36:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=2137 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=2137>Article Link</a> From News.gov.hk: Hong Kong’s foreign currency reserve assets stood at US$181.7 billion at the end of January, down US$800 million on December, the Monetary Authority says. (more…)