Tue, May 11, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 27.Aug 2009

Posted on 27 August 2009 by VRS |  Email |Print

From Forbes: China’s sovereign wealth fund will increase new overseas investment this year by around 10 times from the previous year on signs the global economy has bottomed out, one of the organisation’s top managers said in a newspaper interview.

Gao Xiqing, president of China Investment Corporation (CIC), also said he was examining making new investment in Japanese companies and property on prospects of a recovery in the country’s economy, according to the interview that ran on Thursday in Japan’s daily Asahi newspaper……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Reuters: Steel-to-property conglomerate CITIC Pacific said on Wednesday that China’s sovereign wealth fund, China Investment Corp, has bought a 40 percent stake in its private equity fund management unit, CITIC Capital.

No financial details were given. Last month, sources told Reuters that the $200 billion wealth fund had agreed to invest HK$2 billion ($259.1 million) for a 40 percent stake in CITIC Capital……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Eeo.com.cn: China Investment Corporation, the country’s $200 billion US dollars sovereign wealth fund, will change the way it reimburses the state for its original investment in the fund, the Economic Observer learned.

The CIC has reached an agreement with the Ministry of Finance (MOF) to treat the $200 billion US dollars used to originally finance the company as assets rather than a debt, a source from the CIC told the EO……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Financialstandard.com.au: Sovereign wealth funds will gradually switch from being passive investors to active shareholders, predicts Andrew Rozanov, head of Sovereign Advisory at State Street Global Markets.

This year Rozanov co-authored a comprehensive State Street report looking at the long-term consequences of the financial crisis for SWFs……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Financialstandard.com.au: Australian fund managers with a focus on Asia should pay attention to the $160 billion Temasek Holdings, which recently flagged a new charter that would open its mandate book to more Asian and emerging markets fund managers.

The Singaporean sovereign wealth fund has updated its charter as part of its 35th anniversary, which includes a renewed focus on Asia and other developing regions……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Temasekreview.com: In a scathing rebuttal which was published on Wall Street Journal (WSJ), Singapore’s Ministry of Finance accused its editoral for making ‘unfounded claims’ on disclosure regarding Temasek Holdings.

On Aug 20, WSJ published an editorial on the investment company and transparency, saying that the episode showed that ‘the Government will disclose only what it deems acceptable regarding Temasek’……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Thestandard.com.hk: Singapore state investor Temasek has played down its links to government policy or strategic interests in a revised charter as it eyes more overseas assets from banks to infrastructure.

Temasek, one of the world’s biggest wealth funds whose sole shareholder is the Singapore government, still has controlling stakes in half the republic’s blue- chip firms, but it has increased its exposure elsewhere……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Temasekreview.com: State-owned sovereign wealth fund Temasek Holdings, which lost billions of dollars in failed overseas investments lately, has released an updated Charter that “reaffirms its role as a commercial investment company to create and deliver sustainable long-term returns for its stakeholders.”

Speaking at the launch on Tuesday, Temasek’s chairman S Dhanabalan said it was an opportune time to update the Charter which was first published in 2002 though that there is not much change in the Charter’s ideals and principles……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Business24-7.ae: Mubadala Development Company, an investment arm of the Abu Dhabi Government, received cumulative capital contributions of Dh8.8 billion from the government during the first six months of this year.

Global ratings agency Fitch Ratings yesterday said the government also approved capital contributions of up to Dh21bn for 2009……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Khaleejtimes.com: Fitch Ratings has affirmed Mubadala Development Company’s long-term issuer default rating, or IDR, and its senior unsecured rating as ‘AA’.

The Abu Dhabi-based group’s short-term IDR has been affirmed at ‘F1+’, with a ‘stable’ outlook……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Magharebia.com: The Libyan Investment Authority (LIA) is expected to open its first branch in London. A London branch of the Tripoli-based sovereign wealth fund could potentially channel “billions of dollars worth of investment” to the UK.
LIA has already purchased two London buildings and reportedly plans to expand its real estate holdings in the city……………Full Article: Source

Posted on 27 August 2009 by VRS |  Email |Print

International economist Dr. Alexander Mirtchev, president and founder of the global strategic solutions provider Krull Corporation, considers sovereign wealth funds to be a potent, but “less visible” factor for growth in the world economy.
In an interview with Reuters, Mirtchev analyzed the growing number of sovereign wealth fund alliances that have become more and more prevalent, expressing the view that such cooperation would ultimately benefit the regions where such “alliances” operate, as well as the funds themselves……………Full Press Release: Source

Posted on 27 August 2009 by VRS |  Email |Print

From Reuters: Angola’s foreign exchange reserves rose for the first time since November 2008 in July, to $12.57 billion from $12.14 billion in June on rising oil prices and exports, a source close to the central bank said on Wednesday.
The source cited an internal central bank document……………Full Article: 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