Opalesque Sovereign Wealth Funds Briefing » Fund Profile/New Launches http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en Sovereign fund taking shape http://www.opalesque.com/SWF_Briefing/?p=21076 http://www.opalesque.com/SWF_Briefing/?p=21076#comments Thu, 24 Nov 2016 23:30:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21076 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21076>Article Link</a> The government is seeking to set up an investment holding company next year for government shareholdings, part of a wider effort to improve the performance of state enterprises. A law to boost the governance of such firms and enable the creation of the holding company may be enacted by March, according to Ekniti Nitithanprapas, the director general of the State Enterprise Policy Office. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21076
Thailand evokes Temasek as junta tries to revive state firms http://www.opalesque.com/SWF_Briefing/?p=21075 http://www.opalesque.com/SWF_Briefing/?p=21075#comments Thu, 24 Nov 2016 23:29:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21075 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21075>Article Link</a> Thailand is seeking to set up an investment holding company next year for government shareholdings, part of a wider effort to improve the performance of state-controlled enterprises. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21075
Turkey Sovereign Fund - Details Revealed http://www.opalesque.com/SWF_Briefing/?p=21049 http://www.opalesque.com/SWF_Briefing/?p=21049#comments Mon, 21 Nov 2016 00:03:04 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21049 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21049>Article Link</a> Turkey has established its Sovereign Wealth Fund (Türkiye Varlık Fonu) and the Turkish Sovereign Wealth Fund Management Incorporation (Türkiye Varlık Fonu Yönetimi Anonim Şirketi), its asset management company. On November 9, the Council of Ministers’ decree regarding the Asset Manager’s operating principles(Decree) was published in the Official Gazette. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21049
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…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21026
Saudi to Make PIF World’s Biggest Fund (Video) http://www.opalesque.com/SWF_Briefing/?p=21018 http://www.opalesque.com/SWF_Briefing/?p=21018#comments Tue, 15 Nov 2016 23:30:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21018 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21018>Article Link</a> Bloomberg’s Riad Hamade discusses the MISK Global Forum in Riyadh, Saudi Arabia’s efforts to help with youth unemployment and the plan to make their sovereign wealth fund the biggest in the world. He speaks on “Bloomberg Markets: Middle East.”. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=21018
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
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
PNG Government to announce SWF board in 2017 http://www.opalesque.com/SWF_Briefing/?p=20940 http://www.opalesque.com/SWF_Briefing/?p=20940#comments Wed, 02 Nov 2016 23:37:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20940 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20940>Article Link</a> The Government will announce the establishment of the Sovereign Wealth Fund board to manage the Fund in early 2017. Treasurer Patrick Pruaitch, when delivering his 2017 Budget speech in Parliament yesterday, said an independent firm has been engaged to carry out a comprehensive executive search in the domestic and international labour market. This is to identify and recommend suitable candidates for appointment as chairman and members of the PNGSWF board. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20940
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
African Sovereign Wealth Funds http://www.opalesque.com/SWF_Briefing/?p=20926 http://www.opalesque.com/SWF_Briefing/?p=20926#comments Tue, 01 Nov 2016 01:23:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20926 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20926>Article Link</a> Africa has experienced a growth spurt in the last decade largely because of rising commodity prices. But that can’t last forever, and it hasn’t. Partly as a hedge and partly as an economic development vehicle, several African nations started sovereign wealth funds (SWFs) to occasional controversy. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20926
Sovereign wealth investor backs €500m Italian opportunity fund http://www.opalesque.com/SWF_Briefing/?p=20913 http://www.opalesque.com/SWF_Briefing/?p=20913#comments Mon, 31 Oct 2016 01:55:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20913 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20913>Article Link</a> Italian fund manager Coima has launched a €500m opportunity fund with cornerstone investment coming from an unnamed sovereign wealth fund. Coima Opportunity Fund II has attracted €150m from the investor in a first closing. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20913
Bangladesh: Sovereign Wealth Fund on the cards http://www.opalesque.com/SWF_Briefing/?p=20894 http://www.opalesque.com/SWF_Briefing/?p=20894#comments Wed, 26 Oct 2016 22:23:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20894 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20894>Article Link</a> For the first time, the government has decided to create a state-owned agency, named Sovereign Wealth Fund to provide loans, guarantees and grants to the state and to businessmen to develop the countrys economy. A committee has been formed in this respect, headed by Bangladesh Bank (BB) deputy governor Shitangshu Kumar Sur Chowdhury. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20894
OIF launches $200mn technology fund http://www.opalesque.com/SWF_Briefing/?p=20890 http://www.opalesque.com/SWF_Briefing/?p=20890#comments Wed, 26 Oct 2016 00:33:24 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20890 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20890>Article Link</a> Government-owned Oman Investment Fund (OIF) has launched a US$200mn Oman Technology Fund (OTF) to invest in startup technology companies around the region and the world. Officials said the fund is expected to attract technology companies to Oman and help build the country as a tech hub. It is part of the government’s economic diversification strategy. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20890
State sits on rare funding source http://www.opalesque.com/SWF_Briefing/?p=20885 http://www.opalesque.com/SWF_Briefing/?p=20885#comments Mon, 24 Oct 2016 22:25:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20885 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20885>Article Link</a> As New Mexico legislators grappled with budget deficits, they raided cash reserves from various accounts just to pay the bills, some of which were past due. But New Mexico also is one of a few states with a sovereign endowment from energy and mineral deposits that locks away money for future generations. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20885
NIIF and RDIF to establish a $1bn Russian Indian Investment Fund http://www.opalesque.com/SWF_Briefing/?p=20848 http://www.opalesque.com/SWF_Briefing/?p=20848#comments Tue, 18 Oct 2016 22:45:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20848 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20848>Article Link</a> The state-backed Russian Direct Investment Fund (RDIF) will work with an Indian fund to invest $1 billion in Asia’s third-largest economy, the head of the fund said before a bilateral summit expected to yield several big business deals. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20848
Saudi, SoftBank to set up $100bn tech fund http://www.opalesque.com/SWF_Briefing/?p=20827 http://www.opalesque.com/SWF_Briefing/?p=20827#comments Mon, 17 Oct 2016 00:29:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20827 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20827>Article Link</a> Japan’s SoftBank is set to join forces with Saudi Arabia’s sovereign wealth fund to launch a new tech fund that will manage as much as $100 billion, a move that will create one of the largest tech investment funds in the world. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20827
Saudi Arabia, SoftBank plan $100 billion tech fund - one of the world’s biggest http://www.opalesque.com/SWF_Briefing/?p=20811 http://www.opalesque.com/SWF_Briefing/?p=20811#comments Fri, 14 Oct 2016 02:35:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20811 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20811>Article Link</a> Saudi Arabia and Japan’s SoftBank Group said they will create a technology investment fund that could grow as large as $100 billion, aiming to create one of the world’s largest private equity funds. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20811
Fayemi negotiates $500m mining investment fund with NSIA http://www.opalesque.com/SWF_Briefing/?p=20787 http://www.opalesque.com/SWF_Briefing/?p=20787#comments Mon, 10 Oct 2016 22:33:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20787 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20787>Article Link</a> The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has disclosed that he is currently negotiating a $500 million investment fund with the Nigerian Sovereign Investment Authority (NSIA), managers of Nigeria’s Sovereign Wealth Fund, to support a long term development plan for the country’s mining sector. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20787
Papua New Guinea: Work on establishing SWF progressing: Secretary http://www.opalesque.com/SWF_Briefing/?p=20748 http://www.opalesque.com/SWF_Briefing/?p=20748#comments Wed, 05 Oct 2016 02:14:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20748 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20748>Article Link</a> Treasury Secretary Dairi Vele says work on the establishment of a sovereign wealth fund for Papua New Guinea is progressing well. “There are no impediments on the operationalisation of the sovereign wealth fund (SWF),” Vele sad. “The work is progressing very well.” (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20748
Greece passes electricity market reform, sets sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=20722 http://www.opalesque.com/SWF_Briefing/?p=20722#comments Thu, 29 Sep 2016 02:25:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20722 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20722>Article Link</a> Greek lawmakers passed reforms sought by the country’s creditors to cut pension spending and expedite privatisations in exchange for financial aid under the country’s latest international bailout. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20722
Emerging Economies to Counter Big Chill in Returns, Norfund Says http://www.opalesque.com/SWF_Briefing/?p=20715 http://www.opalesque.com/SWF_Briefing/?p=20715#comments Wed, 28 Sep 2016 04:37:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20715 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20715>Article Link</a> Institutional investors should look to emerging markets to avoid a toxic combination of falling financial returns and higher political risk in the developed stock and bond markets. The Norwegian sovereign wealth fund, the world’s biggest, is seeking to expand its investment universe into unlisted infrastructure investments to take advantage of its size. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20715
Qatar-Indonesia joint investment fund in ‘final stages’ http://www.opalesque.com/SWF_Briefing/?p=20703 http://www.opalesque.com/SWF_Briefing/?p=20703#comments Mon, 26 Sep 2016 23:33:55 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20703 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20703>Article Link</a> The $1bn joint investment fund (JIF) by Qatar and Indonesia is nearing its final stages, and is expected to fund major infrastructure and energy projects, an official has said. Special envoy to the Indonesian president for Middle East Affairs Dr Alwi Abdurrahman Shihab said Indonesia’s share of the JIF (15%) “is ready.” He also said the government is just waiting for the Qatar Investment Authority (QIA) to select from several projects Indonesia has prepared to start the JIF. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20703
National Investment and Infrastructure Fund http://www.opalesque.com/SWF_Briefing/?p=20693 http://www.opalesque.com/SWF_Briefing/?p=20693#comments Mon, 26 Sep 2016 05:52:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20693 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20693>Article Link</a> Nineteen months after the announcement was made in FY16 Budget, the National Investment and Infrastructure Fund (NIIF) will commence operations next month with a $1-billion corpus for the highway sector and another fund of the same size for the renewable energy industry, according to official sources. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20693
Now Indonesia has a sovereign wealth fund – and it won’t be the last http://www.opalesque.com/SWF_Briefing/?p=20639 http://www.opalesque.com/SWF_Briefing/?p=20639#comments Thu, 15 Sep 2016 01:24:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20639 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20639>Article Link</a> Sovereign wealth funds (SWFs) are large state owned investment funds. With assets under management of about US $7trillion globally, SWFs have become key players in international finance – even surpassing the combined size of global hedge funds and private equity firms. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20639
Is East Africa Ready for a Sovereign Wealth Fund for its natural resources? http://www.opalesque.com/SWF_Briefing/?p=20617 http://www.opalesque.com/SWF_Briefing/?p=20617#comments Tue, 13 Sep 2016 01:10:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20617 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20617>Article Link</a> Kenya, Uganda and Tanzania are among the new frontier economies in the oil and gas industry that have over the last decade announced significant hydrocarbon discoveries. These East Africa Countries (EAC) countries have introduced laws to manage oil and gas resources for the benefit of all stakeholders. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20617
Russia, Turkey to form joint investment fund - Russian minister http://www.opalesque.com/SWF_Briefing/?p=20572 http://www.opalesque.com/SWF_Briefing/?p=20572#comments Mon, 05 Sep 2016 05:25:00 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20572 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20572>Article Link</a> Russian Economy Minister Alexei Ulyukaev said on Sunday President Vladimir Putin and his Turkish counterpart Tayyip Erdogan had agreed to form a joint investment fund between their two countries. The two leaders met on the sidelines of the G20 summit in the eastern Chinese city of Hangzhou on Saturday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20572
Is East Africa Ready for a Sovereign Wealth Fund? http://www.opalesque.com/SWF_Briefing/?p=20535 http://www.opalesque.com/SWF_Briefing/?p=20535#comments Wed, 31 Aug 2016 01:22:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20535 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20535>Article Link</a> Kenya, Uganda and Tanzania are among the new frontier economies in the oil and gas industry that have over the last decade announced significant hydrocarbon discoveries. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20535
Turkey publishes law to set up sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=20529 http://www.opalesque.com/SWF_Briefing/?p=20529#comments Mon, 29 Aug 2016 01:48:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20529 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20529>Article Link</a> A law to establish a Turkish sovereign wealth fund intended to boost annual growth over the next decade was published in the country’s Official Gazette on Friday. After the defeated July 15 coup attempt, the Turkish government in August introduced a bill to parliament to setting up a wealth fund to keep growth on track and reassure investors unnerved by the upheaval. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20529
Turkey seeks to manage $200 bln in sovereign fund soon: Minister http://www.opalesque.com/SWF_Briefing/?p=20528 http://www.opalesque.com/SWF_Briefing/?p=20528#comments Mon, 29 Aug 2016 01:48:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20528 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20528>Article Link</a> Turkey’s target for its newly announced sovereign wealth fund is for it to manage $200 billion as soon as possible, Economy Minister Nihat Zeybekci said on Aug. 26, as a public company has been established to run the process. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20528
Company to manage Sovereign Wealth Fund established http://www.opalesque.com/SWF_Briefing/?p=20527 http://www.opalesque.com/SWF_Briefing/?p=20527#comments Mon, 29 Aug 2016 01:47:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20527 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20527>Article Link</a> A mnagement company for the Sovereign Wealth Fund (SWF), which will be in charge of founding and managing the SWF and its relevant subsidiary funds, has been established. The legislation to establish the SWF Management Inc., as well as amendments to various laws, has taken effect after being published in the official gazette. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20527
Turkey: Sovereign Wealth Fund to be fully transparent http://www.opalesque.com/SWF_Briefing/?p=20495 http://www.opalesque.com/SWF_Briefing/?p=20495#comments Tue, 23 Aug 2016 01:26:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20495 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20495>Article Link</a> Finance Minister Naci Ağbal said that the Turkish Sovereign Wealth Fund (SWF) was prepared in accordance with the best international practices and it will not be drawn from the current budget. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20495
Why Nigerian state governments must establish sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=20483 http://www.opalesque.com/SWF_Briefing/?p=20483#comments Mon, 22 Aug 2016 01:48:35 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20483 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20483>Article Link</a> Successive Nigerian governments failed to save or invest a part of their earnings. No individual or government that spends all their income during times of plenty should expect everything to be well in times of famine. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20483
Turkey to set up €15mn sovereign wealth fund to support struggling economy http://www.opalesque.com/SWF_Briefing/?p=20473 http://www.opalesque.com/SWF_Briefing/?p=20473#comments Fri, 19 Aug 2016 03:42:53 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20473 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20473>Article Link</a> Turkey will set up a sovereign wealth fund with an initial capital of TRY50mn (€15mn), Economy Minister Namik Zeybekci said on August 17. Ankara will target to raise the fund’s size to $200bn at a later stage, Bloomberg reports. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20473
Turkey’s Sovereign Wealth Fund bill approved by Parliament http://www.opalesque.com/SWF_Briefing/?p=20459 http://www.opalesque.com/SWF_Briefing/?p=20459#comments Thu, 18 Aug 2016 01:34:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20459 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20459>Article Link</a> Legislation to establish a management company for a Sovereign Wealth Fund (SWF), as well as amendments to various laws, was approved by the Parliamentary Planning and Budget Commission late on Tuesday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20459
How and why is Turkey launching an SWF? http://www.opalesque.com/SWF_Briefing/?p=20452 http://www.opalesque.com/SWF_Briefing/?p=20452#comments Wed, 17 Aug 2016 02:09:30 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20452 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20452>Article Link</a> There are a great number of examples to tell how the July 15 coup attempt will lead to a major transformation in Turkey. I think, however, one of the most important examples is the Sovereign Wealth Fund (SWF), which would not have been launched had Turkey not experienced the July 15 process. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20452
Turkey: Government making headway with Sovereign Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=20441 http://www.opalesque.com/SWF_Briefing/?p=20441#comments Tue, 16 Aug 2016 00:25:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20441 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20441>Article Link</a> The Government is making headway in bringing the country`s first Sovereign Wealth fund into fruition. Cabinet on August 3, advised the Attorney General’s Chambers to commence the drafting of the Sovereign Wealth Fund Bill which will bring the fund into effect. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20441
Cabinet cannot be above the nation and the law http://www.opalesque.com/SWF_Briefing/?p=20433 http://www.opalesque.com/SWF_Briefing/?p=20433#comments Mon, 15 Aug 2016 03:56:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20433 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20433>Article Link</a> A draft law for amendments in certain governmental decrees consisting of 75 articles on the establishment of a Turkey Sovereign Wealth Fund was submitted to the Parliamentary Speaker’s Office on Aug. 1. Apart from the Sovereign Wealth Fund, there is an article in the draft, unheard of and unknown, that came to attention when the text was made available. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20433
Turkey Creates First Sovereign Fund for Strategic Projects http://www.opalesque.com/SWF_Briefing/?p=20428 http://www.opalesque.com/SWF_Briefing/?p=20428#comments Fri, 12 Aug 2016 01:39:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20428 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20428>Article Link</a> Turkish government commenced preparations to create the first sovereign fund in Turkey to support strategic and long term developmental projects. The fund will be directly oriented by the prime minister’s office. The cabinet submitted a draft law to the parliament, last week. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20428
Turkish Sovereign Wealth Fund expected to be among world top 20 http://www.opalesque.com/SWF_Briefing/?p=20413 http://www.opalesque.com/SWF_Briefing/?p=20413#comments Wed, 10 Aug 2016 01:50:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20413 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20413>Article Link</a> While the establishment of the Turkish Sovereign Wealth Fund is still in progress, it is expected to be listed in the top 20 in the giants’ league, as it gets TL 200 billion ($67.124 billion) in capital, as announced by Economy Minister Nihat Zeybekci. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20413
Britons will decide how to spend $1.3 bln shale gas fund http://www.opalesque.com/SWF_Briefing/?p=20410 http://www.opalesque.com/SWF_Briefing/?p=20410#comments Wed, 10 Aug 2016 01:49:41 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20410 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20410>Article Link</a> Britons living near “fracking” developments will be able to decide how a 1 billion pound shale gas wealth fund should be spent, either by accepting direct personal payments or supporting projects such as railways or flood defences, the government said on Monday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20410
Sovereign Wealth Fund law to be submitted to Parliament as new driving force for mega projects http://www.opalesque.com/SWF_Briefing/?p=20407 http://www.opalesque.com/SWF_Briefing/?p=20407#comments Tue, 09 Aug 2016 01:54:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20407 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20407>Article Link</a> Finance Minister Naci Ağbal said the draft law on the establishment of the Turkish Sovereign Wealth Fund will be submitted to Parliament’s Planning and Budget Commission today. “While the fund helps to decrease fluctuations in the market, it will also serve as the driving force behind Turkey’s mega projects,” Ağbal said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20407
Turkey’s sovereign wealth fund to support economy http://www.opalesque.com/SWF_Briefing/?p=20378 http://www.opalesque.com/SWF_Briefing/?p=20378#comments Thu, 04 Aug 2016 01:47:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20378 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20378>Article Link</a> Turkish Prime Minister Binali Yildirim sent a bill on creating a sovereign wealth fund to parliament after his cabinet’s approval, according to a copy of the draft obtained by Bloomberg on Aug. 2. This was done to stabilize markets and fund infrastructure projects in the wake of a coup attempt. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20378
Turkey Unveils Draft Details of Planned Sovereign Wealth Fund http://www.opalesque.com/SWF_Briefing/?p=20374 http://www.opalesque.com/SWF_Briefing/?p=20374#comments Wed, 03 Aug 2016 01:51:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20374 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20374>Article Link</a> Turkey’s government took the first steps toward creating a sovereign wealth fund that officials say can be used to stabilize markets and fund infrastructure projects in the wake of a failed coup attempt. Prime Minister Binali Yildirim sent a bill on the fund to parliament after his cabinet’s approval, according to a copy of the draft obtained by Bloomberg on Tuesday. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20374
In wake of coup attempt, Turkey eyes sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=20373 http://www.opalesque.com/SWF_Briefing/?p=20373#comments Wed, 03 Aug 2016 01:51:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20373 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20373>Article Link</a> Turkish lawmakers on Tuesday put forward legislation to create a sovereign wealth fund intended to boost annual growth over the next decade, an ambitious target for a fund with $16 million in start-up capital and a country with little energy revenue. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20373
Draft to launch Turkish sovereign wealth fund sent to parliament http://www.opalesque.com/SWF_Briefing/?p=20372 http://www.opalesque.com/SWF_Briefing/?p=20372#comments Wed, 03 Aug 2016 01:50:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20372 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20372>Article Link</a> A draft law for the establishment of the Sovereign Wealth Fund of Turkey was sent to parliament in a bid to create an additional 1.5 percent contribution to annual growth in the next decade, as Reuters has reported on Aug. 2. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20372
Saudi plans $1.1 bln fund for smaller companies http://www.opalesque.com/SWF_Briefing/?p=20361 http://www.opalesque.com/SWF_Briefing/?p=20361#comments Tue, 02 Aug 2016 01:26:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20361 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20361>Article Link</a> Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies, the cabinet said on Monday, as the kingdom tries to strengthen its economy in an era of cheap oil. The cabinet approved a plan for the Public Investment Fund, Saudi Arabia’s top sovereign wealth fund, and the Ministry of Commerce and Investment to establish the new fund, according to a statement carried by state news agency SPA. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20361
Ireland can conjure a pot of sovereign wealth gold http://www.opalesque.com/SWF_Briefing/?p=20248 http://www.opalesque.com/SWF_Briefing/?p=20248#comments Tue, 19 Jul 2016 03:38:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20248 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20248>Article Link</a> By taking shares in multinationals, Ireland could create a sovereign wealth fund linked to the performance of the best-governed companies in the world, which would provide for future generations. In 2012, US multinationals made $100bn profit in Ireland, on which they are supposed to pay 12.5 per cent tax, or $12.5bn. In fact, they paid $4bn. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20248
UK Government must create a sovereign wealth fund to save North Sea industry http://www.opalesque.com/SWF_Briefing/?p=20233 http://www.opalesque.com/SWF_Briefing/?p=20233#comments Mon, 18 Jul 2016 02:57:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20233 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20233>Article Link</a> Oil tycoon Algy Cluff is calling on the Government to create a sovereign wealth fund to save the North Sea industry and invest in a gas supply for the country after Brexit. Cluff, who founded and runs Cluff Natural Resources, wants the Government to take charge and invest in the face of the weakened oil price. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20233
Saudi Arabia contemplates largest sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=20159 http://www.opalesque.com/SWF_Briefing/?p=20159#comments Wed, 06 Jul 2016 03:04:15 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20159 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20159>Article Link</a> While Saudi Arabia continues its dominance over world oil pricing, the nation’s 30-year old Crown Prince Mohammed Bin Salman, is planning to form and sell shares of its state owned oil company, thereby creating the world’s largest sovereign wealth fund ever. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20159
Louisiana eyes creating sovereign wealth fund from oil and gas revenues http://www.opalesque.com/SWF_Briefing/?p=20146 http://www.opalesque.com/SWF_Briefing/?p=20146#comments Mon, 04 Jul 2016 01:36:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20146 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20146>Article Link</a> Louisiana could create a sovereign wealth fund to help with budgeting and construction and infrastructure funding under a bill signed by Gov. John Bel Edwards earlier this month. The bill was signed by Mr. Edwards on June 17, roughly two weeks after it passed the state Legislature. It still needs voter approval on the ballot this fall to become a reality. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20146
Sujoy Bose appointed CEO of Indian sovereign wealth fund NIIF http://www.opalesque.com/SWF_Briefing/?p=20100 http://www.opalesque.com/SWF_Briefing/?p=20100#comments Tue, 28 Jun 2016 01:24:03 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20100 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20100>Article Link</a> Sujoy Bose was on Monday appointed CEO of India’s maiden Rs 40,000 crore sovereign wealth fund NIIF. At present he is the Director and Global Co-Head of Infrastructure and Natural Resources at Washington-based International Finance Corporation. IFC is the private sector lending arm of the World Bank. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20100
Failure to create sovereign wealth fund ‘real missed opportunity’: NDP http://www.opalesque.com/SWF_Briefing/?p=20064 http://www.opalesque.com/SWF_Briefing/?p=20064#comments Wed, 22 Jun 2016 03:42:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20064 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20064>Article Link</a> The Saskatchewan government’s failure to act on a three-year-old report recommending the establishment of a sovereign wealth fund is a “real missed opportunity,” according to the interim leader of the Opposition NDP. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20064
LIC willing to be partner in India’s maiden sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=20039 http://www.opalesque.com/SWF_Briefing/?p=20039#comments Thu, 16 Jun 2016 01:12:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20039 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20039>Article Link</a> India’s largest insurer LIC on Wednesday said it is willing to participate in India’s maiden sovereign wealth fund National Investment and Infrastructure Fund (NIIF) as the state-owned company’s own core focus is also on infrastructure investment. “LIC has enough funds to invest in NIIF. LIC’s core focus is infrastructure investment. There is no problem in investment quantum,” LIC Chairman S K Roy said. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20039
Indian Finance Minister Arun Jaitley Reviews Sovereign Wealth Fund Status http://www.opalesque.com/SWF_Briefing/?p=20000 http://www.opalesque.com/SWF_Briefing/?p=20000#comments Fri, 10 Jun 2016 02:49:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20000 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20000>Article Link</a> A panel headed by Finance Minister Arun Jaitley on Wednesday took stock of the progress made on operationalizing National Investment and Infrastructure Fund (NIIF), India’s maiden sovereign wealth fund, including selection of its CEO and projects shortlisted for making initial investments. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=20000
Indian FM Arun Jaitley reviews sovereign wealth fund’s status http://www.opalesque.com/SWF_Briefing/?p=19991 http://www.opalesque.com/SWF_Briefing/?p=19991#comments Thu, 09 Jun 2016 01:49:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19991 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19991>Article Link</a> A panel headed by Finance Minister Arun Jaitley on Wednesday took stock of the progress made on operationalising India’s maiden sovereign wealth fund National Investment and Infrastructure Fund (NIIF), including the selection of its CEO and projects shortlisted for making initial investments. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19991
Failure to create sovereign wealth fund ‘real missed opportunity’: NDP http://www.opalesque.com/SWF_Briefing/?p=19975 http://www.opalesque.com/SWF_Briefing/?p=19975#comments Wed, 08 Jun 2016 03:19:59 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19975 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19975>Article Link</a> The Saskatchewan government’s failure to act on a three-year-old report recommending the establishment of a sovereign wealth fund is a “real missed opportunity,” according to the interim leader of the Opposition NDP. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19975
Jaitley meets investors, pitches for infra funding http://www.opalesque.com/SWF_Briefing/?p=19941 http://www.opalesque.com/SWF_Briefing/?p=19941#comments Thu, 02 Jun 2016 02:09:26 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19941 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19941>Article Link</a> Pitching for investment in India’s first sovereign wealth fund NIIF, Finance Minister Arun Jaitley today met global investors and promised them an “advantageous” tax regime in the country. The Rs 40,000-crore National Investment and Infrastructure Fund (NIIF) was set up in December and is an investment vehicle for funding commercially viable greenfield, brownfield and stalled projects. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19941
Oil Fund celebrates its first 20 years http://www.opalesque.com/SWF_Briefing/?p=19922 http://www.opalesque.com/SWF_Briefing/?p=19922#comments Wed, 01 Jun 2016 02:12:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19922 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19922>Article Link</a> Øystein Olsen has a lot to celebrate this week. He beat out all competition to keep his job as Norway’s central bank chief for another six years, and then could celebrate the 20th anniversary on Tuesday of arguably the bank’s most important operation that’s made Norway a financial powerhouse worldwide. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19922
Saudi Wealth Fund Plans Would Make It the World’s Largest: Chart http://www.opalesque.com/SWF_Briefing/?p=19894 http://www.opalesque.com/SWF_Briefing/?p=19894#comments Fri, 27 May 2016 00:32:46 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19894 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19894>Article Link</a> Saudi Arabia is planning to create the world’s largest sovereign wealth fund by adding ownership of oil giant Saudi Aramco and other key assets to the Public Investment Fund. With a potential value of more than $2 trillion — mostly based on what Aramco is worth — the fund would be more than double the size of the Norwegian fund, the world’s largest. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19894
Key questions raised by the $2 trillion Saudi wealth fund plan http://www.opalesque.com/SWF_Briefing/?p=19893 http://www.opalesque.com/SWF_Briefing/?p=19893#comments Fri, 27 May 2016 00:32:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=19893 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=19893>Article Link</a> Saudi Arabia is planning to expand its sovereign wealth fund into the world’s largest. The Public Investment Fund could eventually control more than $2 trillion, according to Deputy Crown Prince Mohammed bin Salman, making it big enough to buy the world’s four largest publicly traded companies. (more…)

]]>
http://www.opalesque.com/SWF_Briefing/?feed=rss2&p=19893