Opalesque Sovereign Wealth Funds Briefing » Investment http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en Khazanah Nasional Berhad arm to sell stake in IDFC Bank http://www.opalesque.com/SWF_Briefing/?p=21095 http://www.opalesque.com/SWF_Briefing/?p=21095#comments Wed, 30 Nov 2016 00:19:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21095 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21095>Article Link</a> A unit of Malaysian sovereign wealth fund Khazanah Nasional is selling around USD80 million worth of shares in Indian private lender IDFC Bank, according to a term sheet seen by Reuters on Tuesday. (more…)

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NZ Super Fund keeps ILS investments at $200mn http://www.opalesque.com/SWF_Briefing/?p=21094 http://www.opalesque.com/SWF_Briefing/?p=21094#comments Wed, 30 Nov 2016 00:19:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21094 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21094>Article Link</a> The New Zealand Super Fund’s reinsurance allocation remained stable at about $200mn in 2016. In its annual report, the sovereign wealth fund disclosed an NZ$75mn ($53mn) allocation to Elementum Advisors and a NZ$213mn investment with Leadenhall Capital Partners as at 30 June, around the same level it had invested with the funds at the same point last year. (more…)

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Saudi Sovereign Wealth Fund to Invest in Alabbar-Led Company http://www.opalesque.com/SWF_Briefing/?p=21091 http://www.opalesque.com/SWF_Briefing/?p=21091#comments Wed, 30 Nov 2016 00:18:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21091 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21091>Article Link</a> Saudi Arabia’s sovereign-wealth fund said Monday that it will acquire a 50% stake in an investment company led by Emirati businessman Mohamed Alabbar. The deal comes after Adeptio AD Investments SPC Ltd. last month completed the purchase of a majority stake in Kuwait’s Americana, one of the Middle East’s largest operators of fast-food chains including KFC, TGI Friday’s Inc. and Pizza Hut. (more…)

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Saudi fund to buy 50% stake in Adeptio http://www.opalesque.com/SWF_Briefing/?p=21090 http://www.opalesque.com/SWF_Briefing/?p=21090#comments Wed, 30 Nov 2016 00:18:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21090 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21090>Article Link</a> Saudi Arabia’s top sovereign wealth fund, the Public Investment Fund (PIF), plans to buy a major stake in Adeptio, the Gulf-based investment firm which controls Kuwait Food Co (Americana) , the PIF said on Monday. (more…)

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Qatar’s sovereign wealth fund sees Spain as a gateway to investing in Latin America http://www.opalesque.com/SWF_Briefing/?p=21088 http://www.opalesque.com/SWF_Briefing/?p=21088#comments Tue, 29 Nov 2016 03:04:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21088 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21088>Article Link</a> Officials in Qatar and Spain are reportedly mulling the creation of a $1 billion joint investment fund – and a meeting is being scheduled for next year to progress the plans. Spanish ambassador to Qatar, Ignacio Escobar, told Gulf Times in an interview that a bilateral visit by Spanish officials to the Gulf state is expected to take place in the first quarter of 2017, and that the visit could include the signing of an agreement to establish the fund. (more…)

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Sovereign funds line up to invest post demonetisation in India http://www.opalesque.com/SWF_Briefing/?p=21082 http://www.opalesque.com/SWF_Briefing/?p=21082#comments Tue, 29 Nov 2016 03:03:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21082 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21082>Article Link</a> Following the demonetisation exercise and clampdown on counterfeit notes and black money, ‘Invest India’ — the government’s investment promotion & facilitation agency — has been flooded with queries from foreign pension funds and Sovereign Wealth Funds (SWF) regarding locations and sectors to invest in the country. (more…)

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KIC, LOFA to jointly invest $130 mn in 7 U.S. hotels http://www.opalesque.com/SWF_Briefing/?p=21081 http://www.opalesque.com/SWF_Briefing/?p=21081#comments Tue, 29 Nov 2016 03:03:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21081 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21081>Article Link</a> South Korea’s sovereign wealth fund Korea Investment Corporation (KIC) will invest 153 billion won ($130.8 million) in seven hotels in major cities in the United States with Local Finance Association (LOFA) on expectations for growth in the U.S. economy under the new U.S. administration in 2017. (more…)

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Ireland Strategic Investment Fund commits €30m to SME lender http://www.opalesque.com/SWF_Briefing/?p=21079 http://www.opalesque.com/SWF_Briefing/?p=21079#comments Tue, 29 Nov 2016 03:02:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21079 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21079>Article Link</a> The Ireland Strategic Investment Fund (ISIF) will invest €30m into the country’s largest non-bank lender, Finance Ireland. The €8bn sovereign wealth fund has “conditionally agreed” to take a 32% stake, according to a statement from Finance Ireland, and will nominate two directors for the lender’s board. (more…)

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Investor Interview: GIC http://www.opalesque.com/SWF_Briefing/?p=21070 http://www.opalesque.com/SWF_Briefing/?p=21070#comments Wed, 23 Nov 2016 23:46:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21070 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21070>Article Link</a> The Government Investment Corporation of Singapore (GIC) has an estimated US$350bn (€321bn) of assets – although others with knowledge of the sovereign wealth fund (SWF) believe the figure to be substantially higher. (more…)

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Middle East SWFs still interested in US http://www.opalesque.com/SWF_Briefing/?p=21047 http://www.opalesque.com/SWF_Briefing/?p=21047#comments Mon, 21 Nov 2016 00:02:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21047 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21047>Article Link</a> Analysts are predicting that Middle East sovereign wealth funds will continue to buy big chunks of real estate in America’s biggest cities despite Donald Trump’s election victory. Over the past year, the funds, which have traditionally invested in high-profile London buildings such as the Shard and the Berkeley Square estate, have moved much of their buying appetite to North America and Asia following the Brexit vote. (more…)

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‘Made in China’ exhibition will offer opportunities for Qatar in China: Doha Bank http://www.opalesque.com/SWF_Briefing/?p=21046 http://www.opalesque.com/SWF_Briefing/?p=21046#comments Mon, 21 Nov 2016 00:02:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21046 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21046>Article Link</a> Optimistic on enhanced strategic relationship between Qatar and China, Doha Bank has said the recently held ‘Made in China’ exhibition will offer an opportunity for Doha to tap into the Asian country’s technological advancements. Qatar’s sovereign wealth fund received permission in 2012 to invest in China’s capital markets. Qatar Investment Authority holds shareholding in Agriculture bank of China. (more…)

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Abu Dhabi Sovereign Wealth Fund Invests in US Electric Car Company Tesla Motors http://www.opalesque.com/SWF_Briefing/?p=21042 http://www.opalesque.com/SWF_Briefing/?p=21042#comments Thu, 17 Nov 2016 23:51:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21042 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21042>Article Link</a> It is amazingly interesting where all the money goes when the US Government provides money to businesses, bailouts, spends money in Research and Development, or provides stimulus funding. (more…)

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ADIA buys Slough shopping centres http://www.opalesque.com/SWF_Briefing/?p=21040 http://www.opalesque.com/SWF_Briefing/?p=21040#comments Thu, 17 Nov 2016 23:51:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21040 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21040>Article Link</a> The Queensmere Observatory Shopping Centre in Slough has been acquired for a reported £130m by the Abu Dhabi Investment Authority (ADIA). The centre, which was sold by Criterion Capital, currently comprises almost 600,000 sq ft of retail space and is anchored by M&S, TK Maxx, Debenhams and Primark. (more…)

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GIC, NPS invest $136 mn each in Korea’s retail complex near Seoul http://www.opalesque.com/SWF_Briefing/?p=21038 http://www.opalesque.com/SWF_Briefing/?p=21038#comments Thu, 17 Nov 2016 23:50:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21038 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21038>Article Link</a> The Government of Singapore Investment Corporation (GIC) and the National Pension Service (NPS) have bought equity stakes in a fund launched to buy a landmark shopping complex near Seoul for $136 million each, extending their real estate portfolios into retail properties out of the South Korean capital. (more…)

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Kinstellar advises Singapore sovereign wealth fund on €2.4bn acquisition http://www.opalesque.com/SWF_Briefing/?p=21028 http://www.opalesque.com/SWF_Briefing/?p=21028#comments Thu, 17 Nov 2016 02:06:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21028 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21028>Article Link</a> Kinstellar teams in Bulgaria, the Czech Republic, Romania, Serbia and Slovakia have successfully advised GIC, Singapore’s sovereign wealth fund, on its €2.4bn acquisition of the European logistics property company P3 Logistic Parks, which is described as the largest European real estate deal this year. (more…)

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China Investment Corp Sets Up Joint Fund For Overseas Investments http://www.opalesque.com/SWF_Briefing/?p=21026 http://www.opalesque.com/SWF_Briefing/?p=21026#comments Thu, 17 Nov 2016 02:05:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21026 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21026>Article Link</a> China’s sovereign-wealth fund China Investment Corporation (CIC) has teamed up with a French public sector financial institution to jointly tap overseas investment opportunities, with a focus on real estate and infrastructure, according to an announcement. (more…)

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Saudi fund says no plan to cut local equity holdings http://www.opalesque.com/SWF_Briefing/?p=21021 http://www.opalesque.com/SWF_Briefing/?p=21021#comments Thu, 17 Nov 2016 02:04:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21021 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21021>Article Link</a> Saudi Arabia’s Public Investment Fund (PIF), the country’s main sovereign wealth fund, said it had no plan to sell stakes in local companies. (more…)

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Saudi Fund Says It Has No Plans to Sell Off Local Equity Stakes http://www.opalesque.com/SWF_Briefing/?p=21020 http://www.opalesque.com/SWF_Briefing/?p=21020#comments Tue, 15 Nov 2016 23:31:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21020 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21020>Article Link</a> Saudi Arabia’s sovereign wealth fund said it has no plans to sell down the equity stakes it holds in local companies. “The Public Investment Fund has no plan or intention to reduce its equity holdings in Saudi Arabia,” the fund said in an e-mailed statement Tuesday, reacting to a Bloomberg report that it’s considering options for its holdings as it looks at ways to diversify its portfolio. (more…)

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Saudi sovereign fund eyes stake in ACWA http://www.opalesque.com/SWF_Briefing/?p=21017 http://www.opalesque.com/SWF_Briefing/?p=21017#comments Tue, 15 Nov 2016 23:30:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21017 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21017>Article Link</a> Saudi Arabia’s main sovereign wealth fund, Public Investment Fund (PIF), is considering buying a stake in Riyadh-based ACWA Power, which operates power and water plants around the world, sources familiar with the matter told Reuters. (more…)

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China fund CIC teams up with French investor for overseas opportunities http://www.opalesque.com/SWF_Briefing/?p=21016 http://www.opalesque.com/SWF_Briefing/?p=21016#comments Tue, 15 Nov 2016 23:30:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21016 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21016>Article Link</a> China Investment Corporation (CIC), the sovereign wealth fund, is stepping up its overseas investment, focusing on targets closely tied to the country’s economic development. Qi Bin, CIC’s deputy general manager, revealed the move, while speaking at the private equity firm Hony Capital’s annual general meeting in Shenzhen on Monday. (more…)

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KIC to lower barriers for smaller local funds http://www.opalesque.com/SWF_Briefing/?p=21012 http://www.opalesque.com/SWF_Briefing/?p=21012#comments Tue, 15 Nov 2016 23:27:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21012 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21012>Article Link</a> Korea’s sovereign wealth fund Korea Investment Corp. will lower barriers for smaller local funds to be eligible for entrustment to seek economies of scale in its overseas investments, the government said Tuesday. (more…)

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Temasek says Alibaba remains key part of its portfolio http://www.opalesque.com/SWF_Briefing/?p=21009 http://www.opalesque.com/SWF_Briefing/?p=21009#comments Tue, 15 Nov 2016 23:26:13 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21009 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21009>Article Link</a> Temasek Holdings, the Singapore state-owned investment giant which pared its stake in Alibaba Group Holding in the third quarter, said yesterday that China’s biggest online retailer remains an essential part of its portfolio. (more…)

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Singapore’s Temasek cuts stake in Alibaba in the third quarter http://www.opalesque.com/SWF_Briefing/?p=21008 http://www.opalesque.com/SWF_Briefing/?p=21008#comments Tue, 15 Nov 2016 23:25:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21008 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21008>Article Link</a> Temasek Holdings Pte pared its investment in Alibaba Group Holding Ltd. in the third quarter, as shares of China’s biggest online retailer rallied, while emerging as a shareholder of software maker Dell Technologies. (more…)

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GIC takes over P3, which has the biggest logistics park in Romania http://www.opalesque.com/SWF_Briefing/?p=21007 http://www.opalesque.com/SWF_Briefing/?p=21007#comments Tue, 15 Nov 2016 23:25:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21007 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21007>Article Link</a> The Singaporean sovereign wealth fund GIC will buy P3 Logistics Parks, which also has investments in Romania, in a deal worth EUR 2.4 billion, business-review.eu informs. (more…)

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Permanent Fund makes winning bet on a startup http://www.opalesque.com/SWF_Briefing/?p=21006 http://www.opalesque.com/SWF_Briefing/?p=21006#comments Tue, 15 Nov 2016 23:24:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21006 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21006>Article Link</a> The Alaska Permanent Fund Corp. has made another winning bet on a startup company, banking more than $300 million after providing early capital for a giant home-rental firm that took advantage of the collapse of the nation’s housing market. (more…)

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Chinese sovereign wealth fund CIC to raise overseas investment http://www.opalesque.com/SWF_Briefing/?p=21005 http://www.opalesque.com/SWF_Briefing/?p=21005#comments Tue, 15 Nov 2016 00:42:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21005 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21005>Article Link</a> Deputy general manager Qi Bin says it will be focusing on targets closely tied to Chinese economic development. China Investment Corporation (CIC), the sovereign wealth fund, is stepping up its overseas investment, focusing on targets closely tied to the country’s economic development. (more…)

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GIC Catches on to K-Style With $136M Seoul Shopping Mall Acquisition http://www.opalesque.com/SWF_Briefing/?p=21004 http://www.opalesque.com/SWF_Briefing/?p=21004#comments Tue, 15 Nov 2016 00:42:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21004 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21004>Article Link</a> Korea’s unique style and fashion sense may not be everyone’s cup of tea, but Singapore’s sovereign wealth fund appears to like what it sees in the country’s retail scene. GIC invested $136 million to acquire an interest in G-Square City Retail Complex located in the suburbs of Seoul. (more…)

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Temasek Cut Stake in Alibaba in Third Quarter, Filing Shows http://www.opalesque.com/SWF_Briefing/?p=21003 http://www.opalesque.com/SWF_Briefing/?p=21003#comments Tue, 15 Nov 2016 00:41:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21003 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21003>Article Link</a> Temasek Holdings Pte pared its holding in China’s biggest online retailer, Alibaba Group Holding Ltd., in the third quarter as the shares rallied, while buying stock in Internet travel agency Ctrip.com International Ltd., biopharmaceutical company AC Immune SA and Dell Technologies Inc. (more…)

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Saudi sovereign fund PIF considers buying stake in power firm ACWA http://www.opalesque.com/SWF_Briefing/?p=20998 http://www.opalesque.com/SWF_Briefing/?p=20998#comments Tue, 15 Nov 2016 00:39:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20998 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20998>Article Link</a> Saudi Arabia’s main sovereign wealth fund, Public Investment Fund (PIF), is considering buying a stake in Riyadh-based ACWA Power, which operates power and water plants around the world, sources familiar with the matter told Reuters. (more…)

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Saudi Arabia and Alabbar eye online retail domination with $1bn enterprise http://www.opalesque.com/SWF_Briefing/?p=20997 http://www.opalesque.com/SWF_Briefing/?p=20997#comments Tue, 15 Nov 2016 00:39:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20997 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20997>Article Link</a> Mohamed Alabbar and Saudi Arabia’s government have teamed up to launch a US$1 billion e-commerce venture that will tap into the region’s rapidly changing retail landscape. (more…)

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Canada courts sovereign wealth for infrastructure bank http://www.opalesque.com/SWF_Briefing/?p=20993 http://www.opalesque.com/SWF_Briefing/?p=20993#comments Tue, 15 Nov 2016 00:37:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20993 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20993>Article Link</a> Canada’s Liberal government is speaking to sovereign wealth funds and global private equity firms as well as domestic pension funds as it ramps up efforts to attract funding for its new infrastructure bank, according to two sources. (more…)

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Auckland hosts $5tn room as sovereign funds mobilise http://www.opalesque.com/SWF_Briefing/?p=20991 http://www.opalesque.com/SWF_Briefing/?p=20991#comments Mon, 14 Nov 2016 00:39:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20991 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20991>Article Link</a> Despite his engaging introductory monologue, NZ Superannuation Fund chief, Adrian Orr, faced tough competition for the attention of the 250 plus International Forum of Sovereign Wealth Fund (IFSWF) delegates assembled at the Auckland Viaduct Centre last week. (more…)

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Norwegian sovereign wealth fund buys into Australian billboards http://www.opalesque.com/SWF_Briefing/?p=20990 http://www.opalesque.com/SWF_Briefing/?p=20990#comments Mon, 14 Nov 2016 00:39:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20990 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20990>Article Link</a> In a surprising note from the stock market on Friday Norway’s Central Bank popped up with a significant stake in APN Outdoor Group. Norges Bank Investment Management informed the ASX it owns 8.4 million shares in APN Outdoor (APO) or 5 per cent, which is worth about $45.3 million at the current price. Shares in APN Outdoor dropped 2.5 per cent to $5.26 on Friday. (more…)

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Singapore’s sovereign wealth fund GIC to pick 4.8% stake in Capital First http://www.opalesque.com/SWF_Briefing/?p=20989 http://www.opalesque.com/SWF_Briefing/?p=20989#comments Mon, 14 Nov 2016 00:39:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20989 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20989>Article Link</a> Capital First Ltd, a non-banking financial company (NBFC) majority owned by private equity firm Warburg Pincus, is raising Rs 340 crore ($51 million) from GIC, Singapore’s sovereign wealth fund, it said. (more…)

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Abu Dhabi fund Mubadala may invest in Russian vegoil, rice firms http://www.opalesque.com/SWF_Briefing/?p=20987 http://www.opalesque.com/SWF_Briefing/?p=20987#comments Fri, 11 Nov 2016 01:09:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20987 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20987>Article Link</a> Abu Dhabi state investment vehicle Mubadala Development Co may invest in a vegetable oil producer and a rice producer in Russia, a Russian state-backed fund said, in a rare Gulf investment into the country’s commodities sector. (more…)

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Investcorp plans talks with Abu Dhabi’s ADIA http://www.opalesque.com/SWF_Briefing/?p=20986 http://www.opalesque.com/SWF_Briefing/?p=20986#comments Fri, 11 Nov 2016 01:08:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20986 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20986>Article Link</a> Investcorp expects to reach its target of $25 billion for assets under management (AUM) next year, by which time it will have a strategy formulated to take the measure to $100 billion, chairman Mohammed al-Ardhi said. (more…)

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Despite massive U.S. holdings, Norway’s sovereign wealth fund is not changing its strategy after Trump’s win http://www.opalesque.com/SWF_Briefing/?p=20984 http://www.opalesque.com/SWF_Briefing/?p=20984#comments Fri, 11 Nov 2016 01:08:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20984 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20984>Article Link</a> Norway’s sovereign wealth fund has said it will not change its U.S. investment strategy following Donald Trump’s election win. The sovereign wealth fund’s investment returns depend to a large extent on the U.S. economy’s fortunes. Earlier this year, the world’s biggest wealth fund grew its positions in the U.S.; and the country now represents more than a third of the fund’s portfolio. (more…)

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Trump’s win won’t change Norway wealth fund’s U.S. investments http://www.opalesque.com/SWF_Briefing/?p=20979 http://www.opalesque.com/SWF_Briefing/?p=20979#comments Wed, 09 Nov 2016 23:27:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20979 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20979>Article Link</a> Norway’s $869-billion sovereign wealth fund, the world’s biggest, will not change its U.S. investment strategy following the election of Donald Trump as president, the head of Norway’s central bank, which manages the fund, told Reuters on Wednesday. (more…)

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KIC, Teachers’ Pension to invest in US warehouse fund http://www.opalesque.com/SWF_Briefing/?p=20975 http://www.opalesque.com/SWF_Briefing/?p=20975#comments Wed, 09 Nov 2016 23:26:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20975 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20975>Article Link</a> Korea Investment Corporation (KIC) and the Teachers’ Pension will invest in a U.S. warehouse portfolio fund for an undisclosed sum, in their first joint investment since the two South Korean funds reached a tentative agreement last year to seek overseas deals together. (more…)

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Singaporean fund GIC takes over P3 on the biggest real estate deal this year in Europe http://www.opalesque.com/SWF_Briefing/?p=20962 http://www.opalesque.com/SWF_Briefing/?p=20962#comments Tue, 08 Nov 2016 00:38:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20962 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20962>Article Link</a> The Singaporean sovereign wealth fund GIC will buy P3 Logistics Parks, which has investments in Romania, following a deal worth 2.4 billion Euro, the biggest real estate deal in Europe this year. P3, one of the biggest owners, developers and administrators of logistics assets across Europe, will be acquired by GIC from TPG Real Estate and its partner Ivanhoe Cambridge. (more…)

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Warehouses Are Hot Property—Thanks to Internet Shopping http://www.opalesque.com/SWF_Briefing/?p=20961 http://www.opalesque.com/SWF_Briefing/?p=20961#comments Tue, 08 Nov 2016 00:37:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20961 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20961>Article Link</a> Singapore’s sovereign-wealth fund has agreed to pay €2.4 billion ($2.7 billion) for a portfolio of European warehouses, a sector that is thriving as investors bet on internet shopping. (more…)

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Qatar SWF mulls Monte dei Paschi’s $5.5bn cash call http://www.opalesque.com/SWF_Briefing/?p=20957 http://www.opalesque.com/SWF_Briefing/?p=20957#comments Tue, 08 Nov 2016 00:34:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20957 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20957>Article Link</a> Qatar’s sovereign wealth fund is considering an anchor investor role in the world’s oldest bank. Qatar’s sovereign wealth fund has expressed a preliminary interest in backing Monte dei Paschi di Siena’s 5 billion euro ($5.56 billion) emergency cash call, two sources familiar with the matter said, although the response from investors in general has been lukewarm. (more…)

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Abu Dhabi’s Mubadala weighs Tabreed stake sale: sources http://www.opalesque.com/SWF_Briefing/?p=20952 http://www.opalesque.com/SWF_Briefing/?p=20952#comments Thu, 03 Nov 2016 23:33:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20952 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20952>Article Link</a> Abu Dhabi state investment vehicle Mubadala Development Co is considering the sale of a least part of its stake in Dubai’s National Central Cooling Co (Tabreed), three sources familiar with the matter told Reuters. (more…)

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GIC to sell shares in Shakey’s http://www.opalesque.com/SWF_Briefing/?p=20944 http://www.opalesque.com/SWF_Briefing/?p=20944#comments Wed, 02 Nov 2016 23:38:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20944 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20944>Article Link</a> Singapore’s sovereign wealth fund GIC may sell some of its shares in Shakey’s Pizza Asia Ventures Inc. in the latter’s initial public offering, a source said Wednesday. The source said GIC would opt to sell some of its shares in SPAVI, formerly International Family Food Services Inc., depending on the final IPO price. (more…)

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Australia’s Future Fund Turns Cautious, a Sign of Things to Come http://www.opalesque.com/SWF_Briefing/?p=20943 http://www.opalesque.com/SWF_Briefing/?p=20943#comments Wed, 02 Nov 2016 23:37:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20943 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20943>Article Link</a> Australia’s Future Fund is moving away from riskier assets, in a sign that major institutional investors are becoming more conservative. Australia’s sovereign wealth fund declared on Monday that it made a 1.5% gain in the quarter through September, bringing total assets to A$124.7 billion ($95 billion). (more…)

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UAE, Qatar may invest in SoftBank’s $100bn fund http://www.opalesque.com/SWF_Briefing/?p=20937 http://www.opalesque.com/SWF_Briefing/?p=20937#comments Wed, 02 Nov 2016 23:36:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20937 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20937>Article Link</a> SoftBank Group is calling on sovereign wealth funds in the United Arab Emirates and Qatar to invest in a $100 billion technology fund the Japanese company is setting up with Saudi Arabia. (more…)

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Mubadala weighs in on plans to invest in $100bn tech fund http://www.opalesque.com/SWF_Briefing/?p=20936 http://www.opalesque.com/SWF_Briefing/?p=20936#comments Wed, 02 Nov 2016 23:36:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20936 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20936>Article Link</a> Qatar Investment Authority also said be in talks to join the Saudi-backed investment fund. Abu Dhabi’s Mubadala Development Company is in discussions with Japan’s SoftBank Group Corporation for a potential multi-billion dollar investment in its new technology fund, according to a report. (more…)

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Mubadala Said to Consider Investing in SoftBank’s Tech Fund http://www.opalesque.com/SWF_Briefing/?p=20932 http://www.opalesque.com/SWF_Briefing/?p=20932#comments Tue, 01 Nov 2016 23:44:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20932 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20932>Article Link</a> Abu Dhabi investor Mubadala Development Co. is in talks with SoftBank Group Corp. about a potential multi-billion dollar investment in its technology fund, people familiar with the matter said. (more…)

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China’s CIC and AEW Team Up to Buy Two French Malls From Grosvenor for $206M http://www.opalesque.com/SWF_Briefing/?p=20929 http://www.opalesque.com/SWF_Briefing/?p=20929#comments Tue, 01 Nov 2016 23:43:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20929 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20929>Article Link</a> China Investment Corporation (CIC) decided a little retail therapy was in order after announcing it had recorded a loss on overseas investment in 2015 a few months back. For the sovereign wealth fund this shopping binge meant investing €188 million ($206 million) to buy two French malls — its second set of shopping centres in the country. (more…)

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Oman sovereign wealth fund buys into Spanish manufacturer Escribano http://www.opalesque.com/SWF_Briefing/?p=20925 http://www.opalesque.com/SWF_Briefing/?p=20925#comments Tue, 01 Nov 2016 01:23:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20925 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20925>Article Link</a> Oman’s State General Reserve Fund (SGRF) agreed to buy 32.2 percent of Mecanizados Escribano, a family-owned Spanish company making precision mechanical components for the aerospace, defence and other sectors, the sovereign fund said on Monday. (more…)

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Azerbaijan launches investment offensive as cheap oil looms http://www.opalesque.com/SWF_Briefing/?p=20916 http://www.opalesque.com/SWF_Briefing/?p=20916#comments Tue, 01 Nov 2016 01:19:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20916 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20916>Article Link</a> The State Oil Fund of Azerbaijan, better known as Sofaz, is looking to take on more risk, according to Deputy CEO Israfil Mammadov. The fund aims to soon lift its cap on investment in stocks, including private equity, from 15% to 25%, Mammadov recently told The Nikkei Veritas. (more…)

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SOFAZ to lift its cap on investment in stocks http://www.opalesque.com/SWF_Briefing/?p=20914 http://www.opalesque.com/SWF_Briefing/?p=20914#comments Mon, 31 Oct 2016 01:55:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20914 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20914>Article Link</a> The State Oil Fund of Azerbaijan (SOFAZ) aims to soon lift its cap on investment in stocks, including private equity, from 15 percent to 25 percent, SOFAZ Deputy CEO Israfil Mammadov said in an interview with The Nikkei Veritas. (more…)

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Why is Ireland’s sovereign wealth fund not putting money into our telecoms infrastructure? http://www.opalesque.com/SWF_Briefing/?p=20912 http://www.opalesque.com/SWF_Briefing/?p=20912#comments Mon, 31 Oct 2016 01:55:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20912 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20912>Article Link</a> Who would want to invest in an Irish utility right now? Well, Anchorage Capital, for one. Last week, Anchorage, an Australian hedge fund, took control of Eir. It already held 36 per cent of Eir’s shares and controlled as much as 49 per cent of its voting rights, but last week it was placed firmly in the driving seat when York Capital announced that it was selling off its 9.8 per cent holding. (more…)

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How the Future Fund faces a returns squeeze http://www.opalesque.com/SWF_Briefing/?p=20911 http://www.opalesque.com/SWF_Briefing/?p=20911#comments Mon, 31 Oct 2016 01:55:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20911 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20911>Article Link</a> The Future Fund is being slugged by the low interest rate environment, and chairman Peter Costello says its investment strategy may have to change to meet its commitments over Commonwealth public service pensions. (more…)

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Reinsurance allocation primed for growth at Future Fund http://www.opalesque.com/SWF_Briefing/?p=20908 http://www.opalesque.com/SWF_Briefing/?p=20908#comments Mon, 31 Oct 2016 01:54:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20908 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20908>Article Link</a> In its 2015-2016 annual report, Australian sovereign wealth investment fund, the Future Fund, confirmed that it’s added a second manager to its reinsurance portfolio, which the fund says will facilitate potential expansion of this exposure in the future. (more…)

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Hermes joins China’s sovereign wealth fund in National Grid bid http://www.opalesque.com/SWF_Briefing/?p=20900 http://www.opalesque.com/SWF_Briefing/?p=20900#comments Fri, 28 Oct 2016 01:44:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20900 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20900>Article Link</a> Hermes Investment Management has joined a bid led by the Chinese government for a stake in the National Grid’s gas pipe network. City A.M. understands that people working on the deal have become increasingly wary of government scrutiny. (more…)

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Norges acquires 50% stake in CEE logistics portfolio http://www.opalesque.com/SWF_Briefing/?p=20891 http://www.opalesque.com/SWF_Briefing/?p=20891#comments Wed, 26 Oct 2016 22:22:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20891 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20891>Article Link</a> Norway’s sovereign wealth fund has acquired a 50 percent interest in a logistics portfolio comprising eight buildings and developable land in Poland, the Czech Republic and Hungary, in a joint venture with Prologis. During the same period, three logistics properties in France have been sold. (more…)

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Abu Dhabi sovereign fund managers keen in buying completed highway stretches http://www.opalesque.com/SWF_Briefing/?p=20883 http://www.opalesque.com/SWF_Briefing/?p=20883#comments Mon, 24 Oct 2016 22:24:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20883 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20883>Article Link</a> Managers of sovereign wealth fund of Abu Dhabi are keen to invest in buying of completed highway projects for 30 years and operate them, highways minister Natin Gadkari said. Last week, India showcased its plan for monetising completed highway projects and undertaking development of inland waterways to attract investment from gulf countries. (more…)

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SOFAZ reveals its investment portfolio http://www.opalesque.com/SWF_Briefing/?p=20880 http://www.opalesque.com/SWF_Briefing/?p=20880#comments Mon, 24 Oct 2016 22:23:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20880 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20880>Article Link</a> Azerbaijan’s state oil fund SOFAZ, which is engaged in accumulation and management of oil and gas revenues of the country, revealed the structure of its investment portfolio. Some 69.8 percent of the total investment portfolio was placed in financial instruments with the term of up to 5 years in January-September 2016. (more…)

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Norwegian sovereign fund boosts exposure to CEE logistics http://www.opalesque.com/SWF_Briefing/?p=20879 http://www.opalesque.com/SWF_Briefing/?p=20879#comments Mon, 24 Oct 2016 22:23:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20879 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20879>Article Link</a> Norway’s sovereign wealth fund has further grown its logistics holdings after acquiring stakes in a €110m portfolio owned by Prologis. The Government Pension Fund Global bought a 50%, €55.3m stake in an eight-strong portfolio spread across three cities in Poland, the Czech Republic and Hungary from Pologis, while also selling three properties in France previously acquired through its joint venture with the real estate developer. (more…)

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