Opalesque Sovereign Wealth Funds Briefing » Trends http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en QIA is shaping Qatar’s economic future http://www.opalesque.com/SWF_Briefing/?p=21087 http://www.opalesque.com/SWF_Briefing/?p=21087#comments Tue, 29 Nov 2016 03:04:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21087 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21087>Article Link</a> Continuing our assessment of Qatar’s economic diversification in Gulf Times, the creation by the Qatari government of Qatar Investment Authority (QIA), a sovereign wealth fund, in 2005 is a reflection of Qatar’s strategic view of how to shape its economic future as well as its capacity to operate in the global financial markets. (more…)

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Singapore’s GIC hires big data expert in quant strategy push http://www.opalesque.com/SWF_Briefing/?p=21085 http://www.opalesque.com/SWF_Briefing/?p=21085#comments Tue, 29 Nov 2016 03:03:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21085 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21085>Article Link</a> GIC has hired a big data expert as it expands computer-driven investments through a quantitative group started earlier this year. The Singapore sovereign wealth fund appointed Mr Michael Recce in the newly created role of chief data scientist last month to work in the GIC Data and Analytics Department, according to a spokesman. (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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SOFAZ to obtain about $100bln in next 20 years http://www.opalesque.com/SWF_Briefing/?p=21078 http://www.opalesque.com/SWF_Briefing/?p=21078#comments Thu, 24 Nov 2016 23:31:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21078 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21078>Article Link</a> Azerbaijan’s state oil fund SOFAZ, which accumulates and manages oil and gas revenues of the resource-rich country, is projected to get some $100 billion from the sale of oil and gas in the next 15-20 years. (more…)

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Political Risk Will Be Boon for Active Managers, Skagen CEO http://www.opalesque.com/SWF_Briefing/?p=21065 http://www.opalesque.com/SWF_Briefing/?p=21065#comments Tue, 22 Nov 2016 23:42:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21065 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21065>Article Link</a> Rising political risk exemplified by such events as the election of Donald Trump and the U.K. vote to leave the European Union will be boon to managers that make active choices when managing their bond and stock portfolio, said the incoming chief executive officer of Norway’s Skagen Funds. (more…)

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Russian fund chief hails ‘pragmatic’ Trump http://www.opalesque.com/SWF_Briefing/?p=21054 http://www.opalesque.com/SWF_Briefing/?p=21054#comments Mon, 21 Nov 2016 23:41:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21054 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21054>Article Link</a> Kirill Dmitriev hails likely business opportunities. The head of a leading Russian sovereign wealth fund has hailed Donald Trump’s election victory as a new opportunity for Moscow to do business with the US. (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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Norway should tighten fiscal spending rule on its wealth fund-IMF http://www.opalesque.com/SWF_Briefing/?p=21037 http://www.opalesque.com/SWF_Briefing/?p=21037#comments Thu, 17 Nov 2016 23:50:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21037 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21037>Article Link</a> Norway should limit what it spends from its $860 billion wealth fund to avoid creating economic imbalances, the International Monetary Fund said on Thursday, after the fund grew faster than the economy in the last 20 years. (more…)

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Largest Wealth Fund Finds Value in Israeli Banks After Job Cuts http://www.opalesque.com/SWF_Briefing/?p=21029 http://www.opalesque.com/SWF_Briefing/?p=21029#comments Thu, 17 Nov 2016 02:06:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21029 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21029>Article Link</a> Israeli banks, criticized for years as wasteful by their regulator, are attracting interest from the world’s top investors after announcing thousands of job cuts to boost efficiency. (more…)

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KIC to embrace broader client base, assets with eased regulations http://www.opalesque.com/SWF_Briefing/?p=21027 http://www.opalesque.com/SWF_Briefing/?p=21027#comments Thu, 17 Nov 2016 02:06:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21027 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21027>Article Link</a> South Korea will sharply lower the minimum amount to be entrusted to the Korea Investment Corporation (KIC) to about $86 million and allow the sovereign wealth fund to diversify into a broader range of alternative assets, opening the doors of the state fund wider to small-sized public funds. (more…)

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China’s sovereign wealth fund and China Life on track to open offices in London http://www.opalesque.com/SWF_Briefing/?p=21015 http://www.opalesque.com/SWF_Briefing/?p=21015#comments Tue, 15 Nov 2016 23:30:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21015 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21015>Article Link</a> China Life and China Investment Corporation are among the latest mainland financial companies set to open offices in London, even as concerns over Brexit remain, according to Mark Boleat, chairman of the Policy and Resources Committee for the City of London. (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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Quest for Arabian tech unicorn could end in mirage http://www.opalesque.com/SWF_Briefing/?p=20996 http://www.opalesque.com/SWF_Briefing/?p=20996#comments Tue, 15 Nov 2016 00:39:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20996 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20996>Article Link</a> Mohamed Alabbar’s dream of creating a Middle East rival to Amazon may turn out to be a mirage. The Dubai real estate mogul has teamed up with Saudi Arabia’s sovereign wealth fund to lead a $1 billion investment in a new online retailer called Noon.com. There are merits to backing e-commerce in a region where most shopping still takes place in giant malls. (more…)

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Sovereign Wealth Funds React to Trump Victory http://www.opalesque.com/SWF_Briefing/?p=20983 http://www.opalesque.com/SWF_Briefing/?p=20983#comments Fri, 11 Nov 2016 01:08:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20983 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20983>Article Link</a> A number of messages were telegraphed to media from asset owners globally following the conclusion of the U.S. presidential election. In the run up to the election, sovereign wealth funds, such as GIC Private Limited, Korea Investment Corporation (KIC) and Qatar Investment Authority (QIA), continued investing in a wide range of assets from infrastructure to office properties in core cities. (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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Russia’s sovereign fund head says Trump win will ease geopolitical tensions http://www.opalesque.com/SWF_Briefing/?p=20978 http://www.opalesque.com/SWF_Briefing/?p=20978#comments Wed, 09 Nov 2016 23:26:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20978 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20978>Article Link</a> Kirill Dmitriev, the head of Russia’s sovereign wealth fund, said on Wednesday he believed Donald Trump’s presidential victory would reduce geopolitical confrontations. “A less confrontational U.S. foreign policy will unlock major opportunities for joint (Russia-U.S.) trade and investment,” Dmitriev, head of the Russian Direct Investment Fund, said in a statement. (more…)

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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…)

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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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China Sovereign Wealth Fund to Start Research Institute http://www.opalesque.com/SWF_Briefing/?p=20959 http://www.opalesque.com/SWF_Briefing/?p=20959#comments Tue, 08 Nov 2016 00:37:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20959 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20959>Article Link</a> China Investment Corporation (CIC), the country’s sovereign wealth fund, will set up a research institute to promote international trade and investment. Starting on Saturday, CIC will hold four recruitment sessions for overseas Chinese talent in Chicago, New York, Boston and San Francisco. (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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The sovereign wealth fund behind Kazakhstan’s privatisation drive http://www.opalesque.com/SWF_Briefing/?p=20935 http://www.opalesque.com/SWF_Briefing/?p=20935#comments Wed, 02 Nov 2016 23:35:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20935 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20935>Article Link</a> Kazakhstan’s reorganised sovereign wealth fund is spearheading the privatisation of the country’s major assets. Stefanie Linhardt finds out how the fund is planning to make privatisation pay for the Kazakh economy. Has privatisation become an old story? Not in Kazakhstan, where the process of selling off has started but a large share of assets resides in state hands. (more…)

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The sovereign wealth fund behind Kazakhstan’s privatisation drive http://www.opalesque.com/SWF_Briefing/?p=20930 http://www.opalesque.com/SWF_Briefing/?p=20930#comments Tue, 01 Nov 2016 23:44:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20930 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20930>Article Link</a> Kazakhstan’s reorganised sovereign wealth fund is spearheading the privatisation of the country’s major assets. Stefanie Linhardt finds out how the fund is planning to make privatisation pay for the Kazakh economy. (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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Kazak SWF chief looks to increase pace of privatisation http://www.opalesque.com/SWF_Briefing/?p=20897 http://www.opalesque.com/SWF_Briefing/?p=20897#comments Wed, 26 Oct 2016 22:24:27 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20897 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20897>Article Link</a> Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, is looking to finally privatise many of its assets, after a series of false starts. The current privatisation push entails the transition of assets currently belonging to [the country’s sovereign wealth fund] Samruk-Kazyna towards a more competitive environment. (more…)

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HKMA says cybersecurity is not a barrier to digitalization http://www.opalesque.com/SWF_Briefing/?p=20896 http://www.opalesque.com/SWF_Briefing/?p=20896#comments Wed, 26 Oct 2016 22:24:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20896 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20896>Article Link</a> With the launch of Hong Kong’s Cybersecurity Fortification Initiative (CFI), financial services insiders believe cybersecurity should no longer be viewed as a barrier that must be hurdled along the road to digitalization. (more…)

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What does the Nigeria Sovereign Investment Authority (NSIA) think about the government’s planned $25 billion infrastructure fund? http://www.opalesque.com/SWF_Briefing/?p=20887 http://www.opalesque.com/SWF_Briefing/?p=20887#comments Wed, 26 Oct 2016 00:32:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20887 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20887>Article Link</a> Nigeria’s Vice President, Yemi Osinbajo has released a statement that the Buhari administration intends to spend $25 billion on an infrastructure fund to invest in the transport and energy sector as a way to develop the country’s failing road, rail and power structures to boost economic growth. (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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The Norwegian Wealth Fund’s Political Unity is Cracking http://www.opalesque.com/SWF_Briefing/?p=20877 http://www.opalesque.com/SWF_Briefing/?p=20877#comments Mon, 24 Oct 2016 02:51:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20877 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20877>Article Link</a> The five million people of Norway are currently sitting on a great pile of cash thanks to their sovereign wealth fund, in charge of investing abroad the income generated by the country’s oil and gas sales. Although “publicly-owned,” the fund is an institutional financial investor driven both by a long-term perspective and ethical concerns. Yet, current circumstances are breaking the existing political consensus about the fund. (more…)

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Temasek-linked companies given access to unlimited tax dollars? http://www.opalesque.com/SWF_Briefing/?p=20872 http://www.opalesque.com/SWF_Briefing/?p=20872#comments Mon, 24 Oct 2016 02:48:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20872 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20872>Article Link</a> Temasek-linked companies seem to have access to unlimited tax dollars. In June last year, TLC Surbana Jurong (SJ) acquired KTP Consultants and Sinosun Architects & Engineers. Surbana Jurong intends to continue acquiring companies to morph into a global player and money will not be an issue. CEO Wong Heang Fine confirmed this when he said “..there’s no limit to the amount that we are willing to spend as long as it fits our growth strategies.” (more…)

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Norway’s oil wealth swamps innovation http://www.opalesque.com/SWF_Briefing/?p=20855 http://www.opalesque.com/SWF_Briefing/?p=20855#comments Wed, 19 Oct 2016 22:36:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20855 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20855>Article Link</a> The turnstiles are left open on Oslo’s impeccable network of subways and trams. Perhaps it is because Norwegians can be trusted to pay the high fares, or perhaps because the city is rich enough anyway. (more…)

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The world’s biggest sovereign wealth fund is about to start taking more risks http://www.opalesque.com/SWF_Briefing/?p=20853 http://www.opalesque.com/SWF_Briefing/?p=20853#comments Wed, 19 Oct 2016 22:35:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20853 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20853>Article Link</a> Norway’s Global Government Pension Fund, the biggest sovereign wealth fund in the world by assets under management, could be about to start taking a lot more risks if it follows the advice of a government-commissioned report into the way it allocates its assets. (more…)

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Majority on Norway commission says wealth fund should raise equity investments to 70 pct http://www.opalesque.com/SWF_Briefing/?p=20849 http://www.opalesque.com/SWF_Briefing/?p=20849#comments Tue, 18 Oct 2016 22:46:20 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20849 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20849>Article Link</a> Norway’s sovereign wealth fund should raise its share of equities investments to 70 percent from 60 percent, the majority on a government-appointed commission will say on Tuesday, daily Dagens Naeringsliv reported, citing unnamed sources. (more…)

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SoftBank’s Saudi-backed fund offers break from leveraged growth http://www.opalesque.com/SWF_Briefing/?p=20835 http://www.opalesque.com/SWF_Briefing/?p=20835#comments Mon, 17 Oct 2016 22:56:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20835 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20835>Article Link</a> The new technology investment vehicle being set up jointly by SoftBank Group and a Saudi sovereign wealth fund will let the Japanese telecom giant aggressively pursue megadeals while reducing its debt exposure, the group’s chief said. (more…)

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For sovereign funds, India is the place to be http://www.opalesque.com/SWF_Briefing/?p=20833 http://www.opalesque.com/SWF_Briefing/?p=20833#comments Mon, 17 Oct 2016 00:31:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20833 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20833>Article Link</a> With volatility plaguing global commodity markets, sovereign wealth funds (SWFs) have turned to India to park their funds. The value of Indian stocks held by these investors is up 32 per cent in the first eight months of 2016, at INR 2.31 lakh crore. In 2015, too, SWFs were net buyers of Indian equity, with the value of their holding rising 14 per cent. (more…)

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Norway To Withdraw $15 Bln From Its Wealth Fund, Can Put Bitcoin in Portfolio in Future http://www.opalesque.com/SWF_Briefing/?p=20824 http://www.opalesque.com/SWF_Briefing/?p=20824#comments Mon, 17 Oct 2016 00:28:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20824 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20824>Article Link</a> Norway is now planning to withdraw NOK 121 bln (close to $15 bln) from its sovereign wealth fund in order to cover its loss of oil revenue. The idea that Norway’s sovereign wealth fund could put cryptocurrency in its portfolio now sounds wild, but in reality it could happen soon. (more…)

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Malaysia’s 1MDB Fund Spawns Worldwide Probes http://www.opalesque.com/SWF_Briefing/?p=20797 http://www.opalesque.com/SWF_Briefing/?p=20797#comments Wed, 12 Oct 2016 02:27:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20797 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20797>Article Link</a> Malaysia’s state-owned investment fund, 1MDB, was supposed to attract foreign investment. Instead, it has spurred criminal and regulatory investigations around the world that have cast an unflattering spotlight on financial deal-making, election spending and political patronage under Prime Minister Najib Razak. (more…)

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NZ Super Fund’s investments in NZ drop http://www.opalesque.com/SWF_Briefing/?p=20756 http://www.opalesque.com/SWF_Briefing/?p=20756#comments Wed, 05 Oct 2016 23:39:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20756 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20756>Article Link</a> The New Zealand Superannuation Fund has reduced the portion of the fund invested in New Zealand to 14.79 percent of its value from 21.3 percent in 2009 despite a ministerial directive to eventually increase the allocation to 40 percent. (more…)

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Empire State stake, Melbourne port among Q3 sovereign fund acquisitions http://www.opalesque.com/SWF_Briefing/?p=20746 http://www.opalesque.com/SWF_Briefing/?p=20746#comments Tue, 04 Oct 2016 01:02:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20746 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20746>Article Link</a> An Australian port and a stake in the Empire State Building’s operator were among assets acquired by sovereign investors such as wealth funds and state pension funds in the third quarter of 2016, with deals totalling $21.2 billion. (more…)

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Libyan wealth fund hampered by power struggles, sanctions http://www.opalesque.com/SWF_Briefing/?p=20744 http://www.opalesque.com/SWF_Briefing/?p=20744#comments Tue, 04 Oct 2016 01:01:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20744 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20744>Article Link</a> A protracted power struggle over Libya’s $67 billion sovereign wealth fund risks becoming even more complicated as rival claimants for its chairmanship challenge a bid for control by a U.N.-backed government in Tripoli. (more…)

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Norway, Canada show the way to cash in on resources boom http://www.opalesque.com/SWF_Briefing/?p=20739 http://www.opalesque.com/SWF_Briefing/?p=20739#comments Mon, 03 Oct 2016 01:54:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20739 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20739>Article Link</a> Cashed-up Canadian pension funds have been very active in Australia of late, with a strong focus on agriculture, and so has Norway’s $1 trillion sovereign wealth fund. It’s no coincidence that these resource-rich countries have been extending their global investment reach as both of them have a strategy of building up foreign currency assets, which in turn acts as a natural hedge against falling mineral prices. (more…)

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Khazanah sees continuation of pro-growth, pro-society focus http://www.opalesque.com/SWF_Briefing/?p=20697 http://www.opalesque.com/SWF_Briefing/?p=20697#comments Mon, 26 Sep 2016 23:31:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20697 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20697>Article Link</a> Khazanah Nasional Bhd sees a continuation of a pro-growth and pro-society focus in the upcoming Budget 2017. Managing Director Tan Sri Azman Mokhtar said the budget would also like to be fiscally responsible on the back of a challenging global economic environment. (more…)

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Future Fund may not buy more infrastructure: Peter Costello http://www.opalesque.com/SWF_Briefing/?p=20696 http://www.opalesque.com/SWF_Briefing/?p=20696#comments Mon, 26 Sep 2016 05:52:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20696 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20696>Article Link</a> Future Fund chairman Peter Costello has warned that the $125 billion fund might have sated its appetite for infrastructure assets by the time the Queensland government accepts reality and reverses its anti-privatisation position. (more…)

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Taking a look at Temasek’s bid to privatise SMRT http://www.opalesque.com/SWF_Briefing/?p=20695 http://www.opalesque.com/SWF_Briefing/?p=20695#comments Mon, 26 Sep 2016 05:52:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20695 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20695>Article Link</a> Singapore’s stock market is witnessing an interesting trend. A number of high-profile companies have either delisted, or announced their intention to do so. However, no other company’s proposed privatisation has generated as much interest as that of SMRT. (more…)

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It’s (Still) Good to be Norway http://www.opalesque.com/SWF_Briefing/?p=20687 http://www.opalesque.com/SWF_Briefing/?p=20687#comments Thu, 22 Sep 2016 23:22:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20687 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20687>Article Link</a> The country created a government-run pension fund in the 70s and began investing profits abroad in 1990. Today, according to The Economist, “No sovereign-wealth fund is bigger. It owns more than 2% of all listed shares in Europe and over 1% globally. Its largest holdings are in Alphabet, Apple, Microsoft and Nestlé, among 9,000-odd firms in 78 countries.” (more…)

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Kazakh wealth fund says 34 firms sold in privatisation drive http://www.opalesque.com/SWF_Briefing/?p=20677 http://www.opalesque.com/SWF_Briefing/?p=20677#comments Wed, 21 Sep 2016 23:22:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20677 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20677>Article Link</a> Kazakhstan’s $65 billion sovereign wealth fund Samruk-Kazyna has sold 34 small and mid-sized companies by public auction as part of its privatisation drive, a managing director of the fund said on Wednesday. (more…)

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SWFs commit capital to central and eastern Europe http://www.opalesque.com/SWF_Briefing/?p=20649 http://www.opalesque.com/SWF_Briefing/?p=20649#comments Tue, 20 Sep 2016 00:11:22 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20649 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20649>Article Link</a> Sovereign wealth funds have become the first institutional investors to commit capital to a new direct equity venture by the European Bank for Reconstruction and Development targeting emerging markets. (more…)

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Norway’s Sovereign Wealth Fund Hampered by Outflows http://www.opalesque.com/SWF_Briefing/?p=20624 http://www.opalesque.com/SWF_Briefing/?p=20624#comments Tue, 13 Sep 2016 01:13:43 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20624 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20624>Article Link</a> Norway’s government is withdrawing funds from the nation’s $890 billion sovereign wealth fund as it faces lower prices on crude oil and low-to-negative interest rates. Bloomberg’s Jonas Bergman examines how this may hamper the fund’s ability to manage more risk. He speaks on “Bloomberg Markets. (more…)

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Libya’s Rival Sovereign-Wealth Fund Chiefs Seek Truce http://www.opalesque.com/SWF_Briefing/?p=20593 http://www.opalesque.com/SWF_Briefing/?p=20593#comments Wed, 07 Sep 2016 04:12:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20593 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20593>Article Link</a> Management of the frozen $67 billion fund has been the subject of a power struggle between competing governments. Rival chairmen of Libya’s $67 billion sovereign-wealth fund say they want to settle their differences and unify its management, seeking to end a feud that began during the country’s civil war. (more…)

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This Way to the Egress http://www.opalesque.com/SWF_Briefing/?p=20585 http://www.opalesque.com/SWF_Briefing/?p=20585#comments Wed, 07 Sep 2016 04:10:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20585 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20585>Article Link</a> Sovereign wealth funds were once referred to as white knights when it came to them bailing out a number of global investment banks such as Citigroup, Merrill Lynch and UBS during the financial calamity of 2007. To this day, wealth funds continue to amass tremendous financial firepower in the trillions, despite headwinds such as the oil glut, heightened geopolitical tensions, slowdown of global consumer demand and the possible rise of new protectionism. (more…)

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CIC sets its sights on major global role http://www.opalesque.com/SWF_Briefing/?p=20584 http://www.opalesque.com/SWF_Briefing/?p=20584#comments Tue, 06 Sep 2016 04:19:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20584 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20584>Article Link</a> China Investment Corporation is expected to become the world’s largest sovereign wealth fund in two years with assets totaling $1 trillion under management by that time. “We have laid solid foundations in the past nine years, and we will stick to our original aim of becoming a world leading and respectable sovereign wealth fund,” Ding Xuedong, chairman and CEO of China Investment Corporation, said. (more…)

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China’s CIC Boosts Direct Investments in Search of Returns http://www.opalesque.com/SWF_Briefing/?p=20583 http://www.opalesque.com/SWF_Briefing/?p=20583#comments Tue, 06 Sep 2016 04:18:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20583 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20583>Article Link</a> Bespectacled and with a professorial demeanor, Ding Xuedong smiles broadly as he walks the hallways of China Investment Corp’s headquarters, but the staff knows full well that the chairman carries a big stick. (more…)

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Future Fund looks to venture in private markets for growth http://www.opalesque.com/SWF_Briefing/?p=20576 http://www.opalesque.com/SWF_Briefing/?p=20576#comments Mon, 05 Sep 2016 05:26:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20576 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20576>Article Link</a> The Future Fund is looking to venture and early-stage opportunities in its private equity markets for growth, as it sees risk and fragility in listed markets. “Listed equities, to put it politely, were lacklustre over the last financial year. The world index lost 2.7 per cent in global currency terms, the local market just squeezed into positive territory with a 0.2 per cent return,” said David Neal, chief executive of the Future Fund. (more…)

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After years of success, Future Fund prepares for hard times http://www.opalesque.com/SWF_Briefing/?p=20570 http://www.opalesque.com/SWF_Briefing/?p=20570#comments Fri, 02 Sep 2016 03:40:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20570 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20570>Article Link</a> Chairman Peter Costello can justifiably be proud of the achievements of the Future Fund. Ten years after he established it as federal treasurer — setting up strict guidelines for its operation, to set aside what were windfall profits to help meet superannuation liabilities for public servants — the fund has doubled in size. (more…)

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Challenging times ahead for investment: Future Fund’s Peter Costello http://www.opalesque.com/SWF_Briefing/?p=20569 http://www.opalesque.com/SWF_Briefing/?p=20569#comments Fri, 02 Sep 2016 03:40:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20569 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20569>Article Link</a> Future Fund chairman Peter Costello has warned of rising investment risks and lower returns despite the nation’s sovereign wealth fund rebounding from its first quarterly loss in four years. (more…)

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Future Fund puts private equity on notice over fees http://www.opalesque.com/SWF_Briefing/?p=20566 http://www.opalesque.com/SWF_Briefing/?p=20566#comments Fri, 02 Sep 2016 03:39:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20566 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20566>Article Link</a> The Future Fund’s chief investment officer has warned the private equity industry that the days of charging generous performance fees for returns based on “luck or lazy use of leverage” have gone forever. (more…)

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Future Fund says private equity’s ‘lucky, ‘lazy’ days are ‘gone forever’ http://www.opalesque.com/SWF_Briefing/?p=20565 http://www.opalesque.com/SWF_Briefing/?p=20565#comments Fri, 02 Sep 2016 03:39:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20565 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20565>Article Link</a> The investment chief of Australia’s sovereign wealth fund has told the local private equity industry he wants to allocate more capital to it but first needs to see better transparency on fees. (more…)

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No time to pursue risks, says Future Fund chairman Peter Costello http://www.opalesque.com/SWF_Briefing/?p=20564 http://www.opalesque.com/SWF_Briefing/?p=20564#comments Fri, 02 Sep 2016 03:39:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20564 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20564>Article Link</a> Future Fund chairman Peter Costello has forecast lower investment returns are coming and warned investors against taking increased risks to try to compensate for a shortfall in earnings. “There will be very difficult trading conditions going forward. Returns are at historic lows,” he said. (more…)

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Governments have ‘limited firepower’ to deal with future financial shocks: Future Fund http://www.opalesque.com/SWF_Briefing/?p=20563 http://www.opalesque.com/SWF_Briefing/?p=20563#comments Fri, 02 Sep 2016 03:38:56 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20563 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20563>Article Link</a> Future Fund chairman Peter Costello says governments are “running out of shots” to protect against any future financial shocks. The head of Australia’s $123 billion sovereign wealth fund said monetary policy alone was no longer enough to stimulate growth in the global economy. (more…)

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Frustrated Sovereign Wealth Funds Pursue Corporate Debt http://www.opalesque.com/SWF_Briefing/?p=20556 http://www.opalesque.com/SWF_Briefing/?p=20556#comments Fri, 02 Sep 2016 03:36:45 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20556 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20556>Article Link</a> As wealth funds crave yield and security, are U.S. corporate bonds the only game in town?Demand for corporate bonds in the United States and Europe remains robust, each driven by differing factors. (more…)

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