Opalesque Sovereign Wealth Funds Briefing » Market http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en Oil-centric sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=21096 http://www.opalesque.com/SWF_Briefing/?p=21096#comments Wed, 30 Nov 2016 00:20:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21096 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21096>Article Link</a> Among the largest sovereign wealth funds, oil- and gas-related revenues account for just less than 57% of total assets, including four of the top five funds largest by assets, derive their assets from their energy industry. Norway’s Government Pension Fund Global sits atop the list with $885 billion in assets. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21096
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21094
QIC and China’s Ping An sign MoU after ‘long courtship’ http://www.opalesque.com/SWF_Briefing/?p=21093 http://www.opalesque.com/SWF_Briefing/?p=21093#comments Wed, 30 Nov 2016 00:19:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21093 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21093>Article Link</a> Queensland Investment Corporation has signed a memorandum of understanding for strategic co-operation with one of China’s biggest asset managers — Ping An Asset Management Company — to tap the rapid growth in Chinese investment capital. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21093
Saudi Sovereign Wealth Fund to Invest in Alabbar-Led Company http://www.opalesque.com/SWF_Briefing/?p=21089 http://www.opalesque.com/SWF_Briefing/?p=21089#comments Tue, 29 Nov 2016 03:04:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21089 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21089>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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21089
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21088
Norway pension fund told to get out of Australian offshore detention business http://www.opalesque.com/SWF_Briefing/?p=21086 http://www.opalesque.com/SWF_Briefing/?p=21086#comments Tue, 29 Nov 2016 03:04:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21086 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21086>Article Link</a> Norway’s biggest pension fund is under pressure to sell its interest in the Spanish company holding the biggest contract to run Australia’s offshore detention centres on Manus Island and Nauru. The Australia Institute claims the pension fund’s investment in Ferrovial is at odds with its commitment to high ethical standards and is not widely known in Norway. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21086
GIC continues to tap into booming logistics sector with European deal http://www.opalesque.com/SWF_Briefing/?p=21083 http://www.opalesque.com/SWF_Briefing/?p=21083#comments Tue, 29 Nov 2016 03:03:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21083 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21083>Article Link</a> Singapore’s sovereign wealth fund, GIC, has completed the largest European property deal of the year so far with the acquisition of warehouse developer, P3 Logistics Parks for 2.4 billion euros (US$2.7 billion). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21083
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21081
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21079
Malaysians underestimate the damage caused by the 1MDB scandal http://www.opalesque.com/SWF_Briefing/?p=21074 http://www.opalesque.com/SWF_Briefing/?p=21074#comments Thu, 24 Nov 2016 23:29:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21074 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21074>Article Link</a> Forty thousand people wearing yellow shirts gathered in Malaysia’s capital on November 19th, to protest against corruption and impunity in government. The rally was orderly and restrained; the response of the authorities was not. On the eve of the protest, police arrested Maria Chin Abdullah, leader of a coalition of human-rights groups that organised the event. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21074
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21070
Norway wealth fund’s Schanke to leave fund http://www.opalesque.com/SWF_Briefing/?p=21067 http://www.opalesque.com/SWF_Briefing/?p=21067#comments Tue, 22 Nov 2016 23:42:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21067 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21067>Article Link</a> The Norwegian wealth fund’s chief investment officer for asset strategies, Oeyvind Schanke, is to leave the fund to head Norwegian investment fund Skagen, Skagen said in a statement on Tuesday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21067
Norway sovereign fund exec heads to private sector http://www.opalesque.com/SWF_Briefing/?p=21066 http://www.opalesque.com/SWF_Briefing/?p=21066#comments Tue, 22 Nov 2016 23:42:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21066 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21066>Article Link</a> Norway’s sovereign wealth fund is set to lose one of its most senior investment executives, as Øyvind Schanke becomes the new chief executive at the country’s best-known active investment manager. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21066
Temasek exits Citic Resources with sale http://www.opalesque.com/SWF_Briefing/?p=21063 http://www.opalesque.com/SWF_Briefing/?p=21063#comments Tue, 22 Nov 2016 23:41:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21063 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21063>Article Link</a> Singapore sovereign wealth fund Temasek has sold its entire 10 percent stake in state backed CITIC Resources. The shares were sold to Singaporean private equity fund TIHT Investment at HK$1.235 each, CITIC Resources said in a filing to the local exchange with the acquisition cost is estimated at HK$971 million. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21063
Brookfield Ties Up with CIC to Buy IFC Seoul http://www.opalesque.com/SWF_Briefing/?p=21057 http://www.opalesque.com/SWF_Briefing/?p=21057#comments Mon, 21 Nov 2016 23:42:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21057 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21057>Article Link</a> Canadian investment shop Brookfield Asset Management got one over on Stephen Schwarzman and his Blackstone Group beating out the US-based firm to acquire the International Finance Centre Seoul from AIG Global Real Estate. The bid, which is said to be backed by sovereign wealth fund China Investment Corporation, has been valued at $2.7 billion. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21057
Temasek’s Mediacorp Weighs Sale of 1-Net Data Center Unit http://www.opalesque.com/SWF_Briefing/?p=21056 http://www.opalesque.com/SWF_Briefing/?p=21056#comments Mon, 21 Nov 2016 23:42:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21056 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21056>Article Link</a> Mediacorp Pte, the broadcaster owned by Singapore state investment firm Temasek Holdings Pte, is considering a sale of its data center unit 1-Net, people with knowledge of the matter said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21056
Qatar to turn US Embassy in London into a hotel http://www.opalesque.com/SWF_Briefing/?p=21048 http://www.opalesque.com/SWF_Briefing/?p=21048#comments Mon, 21 Nov 2016 00:02:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21048 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21048>Article Link</a> Authorities in London have approved Qatari Diar’s plans to convert the erstwhile US embassy building in Mayfair’s Grosvenor Square into a luxury hotel. The firm, which is the property development arm of sovereign wealth fund Qatar Investment Authority, bought the listed building in 2009. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21048
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21047
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21040
Norway Will Withdraw a Worth of $15 Billion Right From Its Wealth Fund In Which Can Eventually Put Bitcoin In Portfolio? http://www.opalesque.com/SWF_Briefing/?p=21036 http://www.opalesque.com/SWF_Briefing/?p=21036#comments Thu, 17 Nov 2016 23:50:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21036 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21036>Article Link</a> Norway was at this very moment planning to withdraw a worth of over and around NOK 121 billion in which is nearly closed to $15 billion US Dollars right from its sovereign wealth fund in order to cover its losses right from the oil revenue. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21036
Abu Dhabi said to mull more bank mergers after NBAD-FGB deal http://www.opalesque.com/SWF_Briefing/?p=21022 http://www.opalesque.com/SWF_Briefing/?p=21022#comments Thu, 17 Nov 2016 02:04:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21022 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21022>Article Link</a> Abu Dhabi is considering more mergers to boost its financial services industry after combining National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC, according to four people with knowledge of the matter. Bank stocks surged. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21022
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21021
Saudi fund said to explore asset sales for overseas deals http://www.opalesque.com/SWF_Briefing/?p=21019 http://www.opalesque.com/SWF_Briefing/?p=21019#comments Tue, 15 Nov 2016 23:30:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21019 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21019>Article Link</a> Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to five people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as it seeks to diversify its assets, the people said, asking not to be identified as the discussions are private. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21019
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21017
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21016
Hong Kong Monetary Authority Sees Blockchain as a Money Laundering Risk http://www.opalesque.com/SWF_Briefing/?p=21013 http://www.opalesque.com/SWF_Briefing/?p=21013#comments Tue, 15 Nov 2016 23:28:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21013 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21013>Article Link</a> A recent assessment from the Hong Kong Central Bank has warned that blockchain could increase the risk of money laundering, according to The Business Times. In a study, the HKMA said even though bitcoin’s distributed ledger could save on cost and cut down on time, it also had the potential to provide criminals with a way of undertaking illegal activities. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21013
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21012
1MDB: Malaysia’s extraordinary financial scandal http://www.opalesque.com/SWF_Briefing/?p=21010 http://www.opalesque.com/SWF_Briefing/?p=21010#comments Tue, 15 Nov 2016 23:27:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21010 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21010>Article Link</a> Malaysian Prime Minister Najib Razak has been under fire since 2014 over allegations that billions of dollars were looted from state investment fund 1MDB in an audacious campaign of fraud and money-laundering. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21010
Don’t forget 1MDB just yet http://www.opalesque.com/SWF_Briefing/?p=21001 http://www.opalesque.com/SWF_Briefing/?p=21001#comments Tue, 15 Nov 2016 00:41:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21001 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21001>Article Link</a> According to news reports, Malaysia is refusing to provide details to the Swiss authorities because apparently, the attorney-general’s office claims that there is an on-going police investigation by Malaysian police on the 1MDB. And this isn’t the first time they have refused to assist. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21001
HKMA digs deeper into blockchain technology, releases white paper http://www.opalesque.com/SWF_Briefing/?p=20999 http://www.opalesque.com/SWF_Briefing/?p=20999#comments Tue, 15 Nov 2016 00:40:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20999 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20999>Article Link</a> The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Applied Science and Technology Research Institute (ASTRI), has released a new white paper on distributed ledger technology (DLT), commonly known as blockchain. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20999
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20998
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20997
McLaren chief Ron Dennis fighting ouster: Bernie Ecclestone http://www.opalesque.com/SWF_Briefing/?p=20994 http://www.opalesque.com/SWF_Briefing/?p=20994#comments Tue, 15 Nov 2016 00:38:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20994 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20994>Article Link</a> As per reports, Bahrain’s sovereign wealth fund and businessman Mansour Ojjeh, who hold 75 percent of shares, want to oust Ron Dennis. McLaren chief executive Ron Dennis is fighting a move by other shareholders to force him out, Formula One supremo Bernie Ecclestone said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20994
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20993
Alabbar, Saudi Sovereign Wealth Fund Launch E-Commerce Firm Noon http://www.opalesque.com/SWF_Briefing/?p=20992 http://www.opalesque.com/SWF_Briefing/?p=20992#comments Mon, 14 Nov 2016 00:40:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20992 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20992>Article Link</a> Emirati businessman Mohamed Alabbar on Sunday launched an e-commerce business with Saudi Arabia’s sovereign-wealth fund at an initial investment of $1 billion, as he seeks to tap the Middle East’s small but growing online sales market. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20992
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20991
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20987
Under financial strains, Turkey designs “parallel budget” http://www.opalesque.com/SWF_Briefing/?p=20985 http://www.opalesque.com/SWF_Briefing/?p=20985#comments Fri, 11 Nov 2016 01:08:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20985 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20985>Article Link</a> Last week, Turkey’s government appointed the head of the Privatization Administration, Mehmet Bostan, as director general and board chairman of a newly established public company, the Turkish Sovereign Wealth Fund, moving a step closer to the creation of a sovereign wealth fund. The plan was first brought up in late July and hastily passed through parliament the following month. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20985
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20984
Freshies, Kirkland star in GIC’s $2.7 bln real estate deal http://www.opalesque.com/SWF_Briefing/?p=20980 http://www.opalesque.com/SWF_Briefing/?p=20980#comments Fri, 11 Nov 2016 01:07:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20980 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20980>Article Link</a> Kirkland & Ellis has advised Singapore sovereign wealth fund GIC on its 2.4-billion-euro ($2.7 billion) acquisition of P3 Logistic Parks from Ivanhoé Cambridge and TPG Real Estate, which were represented by Freshfields Bruckhaus Deringer. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20980
HKMA expects market volatility to persist in near term after U.S. election http://www.opalesque.com/SWF_Briefing/?p=20976 http://www.opalesque.com/SWF_Briefing/?p=20976#comments Wed, 09 Nov 2016 23:26:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20976 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20976>Article Link</a> The Hong Kong Monetary Authority (HKMA) said on Wednesday that market volatility is expected to persist in the near term until there is more clarity about the policy stance of the new U.S. Administration. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20976
Investcorp eyes big health and tech deals http://www.opalesque.com/SWF_Briefing/?p=20973 http://www.opalesque.com/SWF_Briefing/?p=20973#comments Wed, 09 Nov 2016 23:25:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20973 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20973>Article Link</a> Investcorp is considering a US$2.5 billion private equity deal and plans to launch two funds next year as the Bahrain-listed company seeks to boost its assets. The alternative investment company is also planning to cooperate with UAE partners such as Mubadala, said Mohammed Alardhi, Investcorp’s chairman. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20973
Argentina, Qatar build infrastructure fund http://www.opalesque.com/SWF_Briefing/?p=20972 http://www.opalesque.com/SWF_Briefing/?p=20972#comments Wed, 09 Nov 2016 00:04:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20972 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20972>Article Link</a> The Qatar Investment Authority, the country’s sovereign wealth fund, will contribute $1bn to the fund, while Argentina’s state pension agency, ANSES, will put in $300m. Argentina and Qatar are setting up a $1.3bn fund focused on infrastructure projects in South America’s second-largest economy. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20972
WSJ journalist ejected from 1MDB session in Sydney http://www.opalesque.com/SWF_Briefing/?p=20964 http://www.opalesque.com/SWF_Briefing/?p=20964#comments Wed, 09 Nov 2016 00:01:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20964 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20964>Article Link</a> A Wall Street Journal journalist was kicked out of a 1MDB information session in Sydney, believed to have been organised by Special Affairs Department (Jasa). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20964
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20962
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20957
A sovereign wealth fund to make the UK’s economy the strongest in the G20 http://www.opalesque.com/SWF_Briefing/?p=20954 http://www.opalesque.com/SWF_Briefing/?p=20954#comments Tue, 08 Nov 2016 00:33:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20954 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20954>Article Link</a> The decision to leave the European Union creates an opportunity to ask fundamental questions about our future for the first time in 40 years. In particular, we are historically worse at long-term planning than many other developed nations: we save less, invest less, and build less economically-vital growth-promoting infrastructure (roads, rail, ports etc) than they do. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20954
The LIA “steering committee” threatens to undermine the LIA’s multi-million dollar litigations http://www.opalesque.com/SWF_Briefing/?p=20950 http://www.opalesque.com/SWF_Briefing/?p=20950#comments Thu, 03 Nov 2016 23:32:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20950 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20950>Article Link</a> Libya is a nation plagued by internal conflict, as the recent attempted coup illustrated only too well. Many of the rifts that exist between the competing factions are deep and intractable. Others, however, are relatively simple to resolve, and the rewards for their resolution would be huge. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20950
CIC Said Bidding for $6 Bil Warehouse Developer GLP http://www.opalesque.com/SWF_Briefing/?p=20945 http://www.opalesque.com/SWF_Briefing/?p=20945#comments Wed, 02 Nov 2016 23:38:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20945 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20945>Article Link</a> Global Logistic Properties Ltd., the $6 billion owner of industrial property, has attracted takeover interest from an investor group that includes China’s sovereign fund, people with knowledge of the matter said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20945
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20944
Future Fund sees opportunity in merger arbitrage http://www.opalesque.com/SWF_Briefing/?p=20942 http://www.opalesque.com/SWF_Briefing/?p=20942#comments Wed, 02 Nov 2016 23:37:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20942 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20942>Article Link</a> The Future Fund is using a combination of active managers and smart beta strategies to direct more capital into companies that have been identified as merger targets. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20942
Saudi Wealth Fund May Be World’s Least Transparent http://www.opalesque.com/SWF_Briefing/?p=20933 http://www.opalesque.com/SWF_Briefing/?p=20933#comments Tue, 01 Nov 2016 23:45:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20933 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20933>Article Link</a> Fund set to take ownership of Saudi Aramco names none of its investments, institute notes. A Saudi Arabian sovereign-wealth fund being prepared to take ownership of state-owned oil giant Saudi Arabian Oil Co. is less transparent than a fund belonging to Equatorial Guinea that currently ranks as the most opaque in the world, according to a new report. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20933
Vision for a merged Ipic and Mubadala takes shape http://www.opalesque.com/SWF_Briefing/?p=20931 http://www.opalesque.com/SWF_Briefing/?p=20931#comments Tue, 01 Nov 2016 23:44:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20931 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20931>Article Link</a> The Minister of Energy, Suhail Al Mazrouei, said he sees big growth opportunities, especially for petrochemicals, in the merger of Mubadala Development Co and International Petroleum Investment Co (Ipic). (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20931
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20929
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20925
Melbourne makes the right moves in Pension Fund sector http://www.opalesque.com/SWF_Briefing/?p=20920 http://www.opalesque.com/SWF_Briefing/?p=20920#comments Tue, 01 Nov 2016 01:22:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20920 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20920>Article Link</a> Melbourne’s banking and finance credentials are impressive. Its financial sector directly employs more than 100,000; the city is home to two of Australia’s four largest banks, the ANZ Banking Group and National Australia Bank; (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20920
Norway’s wealth fund removes Brexit uncertainty from UK property portfolio valuation http://www.opalesque.com/SWF_Briefing/?p=20915 http://www.opalesque.com/SWF_Briefing/?p=20915#comments Mon, 31 Oct 2016 01:56:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20915 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20915>Article Link</a> Norway’s $870 billion sovereign wealth fund, the world’s largest, has removed the valuation risk premium it had placed on its British property portfolio following Britain’s vote to leave the EU, it said on Friday when publishing its full third-quarter results. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20915
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20912
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20911
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20908