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Sovereign Wealth Funds Briefing 01.Oct 2009

Posted on 01 October 2009 by VRS |  Email |Print

From AFP: China’s 200-billion-dollar sovereign wealth fund said Wednesday it had acquired part of a Kazakh oil and gas producer for nearly one billion dollars, marking its latest investment in natural resources.

China Investment Corp (CIC) has bought around 11 percent of the Global Depositary Receipts of JSC KazMunaiGas Exploration Production for 939 million dollars, CIC said in a statement on its website………………..Full Article: Source

Posted on 01 October 2009 by VRS |  Email |Print

From China moved to tighten its grip on Central Asia’s vast oil and gas resources yesterday by acquiring close to a $1 billion (£600 million) stake in one of Kazakhstan’s biggest oil producers.

China Investment Corporation (CIC), Beijing’s sovereign wealth fund, which holds assets worth about $200 billion, bought the 11 per cent stake in KazMunaiGas Exploration and Production, a subsidiary of Kazakhstan’s national oil company………………..Full Article: Source

Posted on 01 October 2009 by VRS |  Email |Print

From Analysts said the losses suffered by the Government of Singapore Investment Corp (GIC) are considered reasonable compared to other international sovereign wealth funds.

GIC’s portfolio lost 20 per cent in Singdollar terms in the financial year to March 2009 compared to a year ago………………..Full Article: Source

Posted on 01 October 2009 by VRS |  Email |Print

From Prime Minister Vladimir Putin promised to launch a new Russian privatisation drive before courting over lunch the heads of some of the world’s largest sovereign wealth funds and money managers.

Putin, who ultimately holds the power to decide, spoke clearly in favour of it for the first time since the financial crisis hit Russia, though no specific timetable was announced, according to a report in our sister newspaper Gulf Daily News………………..Full Article: Source

Posted on 01 October 2009 by VRS |  Email |Print

From Zawya Dow Jones: Qatar Investment AuthorityQatar Investment Authority, the state’s sovereign wealth fund, plans to invest in the industrial and minerals sectors among others, Doha-based Al Arab daily reports Wednesday.

The QIA plans to invest in Europe’s industrial sector, the paper reports, citing Hussein Al Abdullah, a board member at the sovereign wealth fund………………..Full Article (subscription Required): Source

Posted on 01 October 2009 by VRS |  Email |Print

From Reuters: Norway’s central bank manages Norway’s $400 billion-plus Government Pension Fund — Global which invests surplus oil wealth to save for the future when the oil and gas run out.

The bank sells Norwegian currency to invest the fund’s money in foreign stocks and bonds. It is one of the world’s biggest sovereign wealth funds and Europe’s largest equity investor………………..Full Article: Source

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