Fri, May 14, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 20.Aug 2009

Posted on 20 August 2009 by VRS |  Email |Print

From Maktoob.com: Gulf sovereign wealth funds (SWFs), having lost their appetite for acquisitions amid the downturn, are likely to ink more deals toward the end of the year on signs that a global economic recovery is on the horizon.

The funds, with trillions of dollars worth of assets, have orchestrated 15 deals worth $13.1 billion in the first seven months of this year, compared to 35 deals worth $28.1 billion in the whole of 2008, according to data from Dealogic…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Telegraph: In the barren financial landscape of last summer, sovereign wealth funds stood out as rare oases of cash.
Though hardly known and opaque, they were also seen as vast and invincible, and were called upon by parched companies and governments alike…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Efinancialnews.com: Attempts to create a viable reserve currency to challenge the global dominance of the dollar could be given a significant boost by sovereign wealth funds, which are looking to diversify their risk and shift their investment strategies towards their home markets, a report has claimed.

Investment manager State Street Global Advisors, in a report published on Tuesday, said SWFs are well positioned to encourage a liquid private market in International Monetary Fund Special Drawing Rights…………Full Article (Subscription Required): Source

Posted on 20 August 2009 by VRS |  Email |Print

From Globalpensions.com: Sovereign wealth funds will refocus on liquidity and re-evaluate the allocations of their combined US$3.2trn in assets, particularly their exposure to risk assets, as they emerge from the global financial crisis, a State Street panel said.
They are also investing more in their domestic markets, in some cases for the first time, in response to government demands…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From IPE: The financial crisis is likely to make sovereign wealth funds (SWF) more, not less, active in their pursuit of strategic objectives and engagements as shareholders, and they should therefore pursue fuller dialogue with pension funds and other active investors, according to State Street.

The bank, which has worked with government and central bank clients for two decades and whose asset management arm, SSgA, runs almost $300bn for such institutions, was presenting its latest “Vision” paper, Sovereign Wealth Funds: Emerging from the Financial Crisis, in London…………Full Article (Subscription Required) : Source

Posted on 20 August 2009 by VRS |  Email |Print

From Thejakartaglobe.com: An increasing number of sovereign wealth funds are working in concert to make joint strategic investments in order to reduce risks and maximize returns, which could provide a stabilizing force in financial markets.

State-owned funds from China, Singapore, Malaysia, Korea, Abu Dhabi and Kuwait are among those that have recently signed agreements to form investment partnerships with each other…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Theaustralian.news.com.au: Australia’s Future Fund is the 14th largest sovereign wealth fund in the world, according to new research that predicts the giant funds may soon shed their traditional role as passive investors and become potent “activist” shareholders.

A total of 37 government-controlled funds each have more than $US1 billion ($1.2bn) in assets, with the Future Fund among a minority whose wealth is not based on oil resources…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Superreview.com.au: Sovereign wealth funds (SWFs) have not escaped unscathed from the global financial crisis, according to a new research report released by State Street.

The research suggested that in 2008 it appeared that despite the global uncertainties, SWFs would continue to grow rapidly…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

Doubling of money managed by SWF in ten years is just 7 per cent more pa on average and that is both from return on investment and additional funds. So how rapid is it really and how good a return is it? In both cases, not very.
Are SWFs really going to invest in risky assets on those assumptions of returns? Not really, especially given their losses in stock markets and alternative investments since 07…………Full Press Release: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Ethiopianreview.com: Norway’s $380 billion oil fund seeks more influence over how thousands of companies in which it holds stock tackle climate change, and mold a blueprint for ‘green’ activism by institutional investors.

The fund will publish a report later on Friday about its expectations for company management of environmental issues in the hope of creating a platform for dialogue with corporations and, potentially, for shareholder action…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From WSJ: Chip Goodyear’s resignation as CEO-designate of Singapore state-owned investment fund Temasek last month may have done more good for taxpayers in the city-state than his five-month tenure.
For the public ruckus his abrupt departure caused is empowering Singaporeans to demand more transparency about how their monies are managed…………Full Article (Subscription Required) : Source

Posted on 20 August 2009 by VRS |  Email |Print

From Channelnewsasia.com: The chief executive of Temasek Holdings should ideally be a Singaporean. Finance Minister Tharman Shanmugaratnam made the comment in Parliament.

But the position is not an easy one - it being in the spotlight and under public scrutiny. And the minister noted that it may not be possible to find a local candidate to take the helm…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Singapore News Alternative: Shenzhen-based real estate developer Kaisa Group Holdings has decided to re-launch a Hong Kong listing plan from the first quarter of 2008, and initially estimates that it may raise between $300 million and $500 million as early as this year, reports Sina.
Kaisa recorded sales of RMB 2 billion on more than 250,000 square meters in Shenzhen in 2008, said the report…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Reuters: Qatar paid Porsche about 80 euros per ordinary share of Volkswagen in a recently announced deal that will give the Gulf state a 17 percent voting stake in Europe’s largest carmaker, a German magazine said, citing sources close to Porsche.

Volkswagen’s ordinary shares fell 9.2 percent to 154.06 euros by 1143 GMT, but were still nearly twice as expensive as the reported purchase price…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

From Dow Jones: The Qatari government has notified its Polish counterpart that state-controlled Qatar Investment Authority is prepared to study investing in two Polish shipyards and possibly to close any deal by end-August, said Polish Treasury Minister Aleksander Grad.

“We have received an official letter from the ambassador of the State of Qatar notifying us that the Qatar Investment Authority has begun a procedure that may end in it taking over the shipyard project…, replacing the presumed investor,” he told a news briefing…………Full Article (Subscription Required) : Source

Posted on 20 August 2009 by VRS |  Email |Print

From Thenational.ae: Dubai World is reconsidering its involvement in a US$4.5 billion (Dh16.52bn) port and property project in Malaysia because of the economic crisis, MMC Corporation, its Malaysian partner in the development, said on Wednesday.

The plan to build a sprawling maritime centre, including an oil terminal, dry docks, a shipyard, cargo-handling facilities, logistics parks and a property development in south Johor, was first agreed to in September 2007…………Full Article: Source

Posted on 20 August 2009 by VRS |  Email |Print

State Street Corporation, the world’s leading provider of financial services to institutional investors, today released its latest Vision Series report examining the impact of the recent financial markets on sovereign wealth funds. Entitled “Sovereign Wealth Funds.

Emerging from the Financial Crisis,” the report assesses the funds’ short- and long-term outlook, from investment opportunities to corporate governance issues…………Full Press Release: Source

See more articles in the archive

banner
banner
banner
banner
May 2021
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31