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Sovereign Wealth Funds Briefing 31.May 2010

Posted on 31 May 2010 by VRS |  Email |Print

From Reuters: Several Middle Eastern sovereign wealth funds are holding talks with the Agricultural Bank of China about investing in its IPO in Shanghai and Hong Kong this year, the China Business News reported on Monday.
The Kuwait Investment Authority intends to invest about $1 billion to become a cornerstone investor in the Chinese bank’s $30 billion initial public offering, which would be the world’s largest IPO, the newspaper reported, citing a source at one of the underwriters…………………………………….Full Article: Source

Posted on 31 May 2010 by VRS |  Email |Print

From Business24-7.ae: Sovereign Wealth Funds (SWFs) from Dubai are among the top five most-transparent funds that would be welcomed by global decision-makers to make investments in their host countries, according to a new study.

SWFs from Dubai rank No4 globally in terms of transparency in decision-making, No4 in terms of transparency in government influence on the funds, and No5 in terms of investment approval from key decision-makers in host countries, according to the Sovereign Brands Survey 2010, conducted by Hill & Knowlton and Penn Schoen Berland…………………………………….Full Article: Source

Posted on 31 May 2010 by VRS |  Email |Print

Elites from across Egypt would welcome investment from sovereign wealth funds in Abu Dhabi (100% approval); China (99%); Dubai (96%) and Bahrain (91%) ahead of Norway (50%) and Singapore (43%), the funds which received the highest overall ratings in the Sovereign Brands Survey 2010, the most extensive study into the attitudes of global broad elites to sovereign wealth as a concept, the reputation of host nations and sovereign wealth funds (SWFs).
Conducted by Hill & Knowlton and Penn Schoen Berland, two of the world’s pre-eminent research and communications strategy consultants, the study interviewed elites in 7 markets[i] including Egypt on their views of 19 host countries and their SWFs. The factors influencing decisions about taking investment were clear. The overwhelming majority (94%) of elites in Egypt rated country reputation to be “very important” in determining their view of sovereign wealth funds (SWFs)…………………………………….Full Press Release: Source

Posted on 31 May 2010 by VRS |  Email |Print

Nearly three quarters (73%) of elites would approve of investment coming from Dubai, according to the Sovereign Brands Survey 2010, the most extensive study into the attitudes of global broad elites to sovereign wealth as a concept, the reputation of host nations and sovereign wealth funds (SWFs).
Conducted by Hill & Knowlton and Penn Schoen Berland, two of the world’s pre-eminent communications, research and strategy consultants, the study interviewed elites in 7 markets on their views of 19 host countries and their SWFs…………………………………….Full Press Release: Source

Posted on 31 May 2010 by VRS |  Email |Print

From Globest.com: Commercial real estate tops the list of industries in which US decision makers would like to see sovereign wealth funds invest, yet at the same time those decision makers take a less favorable view of the funds in the current downturn. That’s one of the findings of a global survey conducted by Hill & Knowlton among “elites” in seven markets, and the company’s Jim Cox tells GlobeSt.com that the wealth funds may need to do some image-polishing.

“US awareness tends to be fairly low, especially as compared to some of the developing countries,” says Cox, VP of Hill & Knowlton’s corporate practice. “So this is a sort of a missed opportunity for people who hold the properties and are looking for buyers.”……………………………………Full Article: Source

Posted on 31 May 2010 by VRS |  Email |Print

The global downturn has spurred interest in SWF investment but concerns over transparency could obstruct their investment strategies, according to the Sovereign Brands Survey 2010, the most extensive study into the attitudes of global broad elites to sovereign wealth as a concept, the reputation of host nations and sovereign wealth funds (SWFs).

Conducted by Hill & Knowlton and Penn Schoen Berland, two of the world’s pre-eminent research and communications strategy consultants, the study interviewed elites in 7 markets on their views of 19 host countries and their SWFs……………………………………Full Press Release: Source

Posted on 31 May 2010 by VRS |  Email |Print

From Moneycontrol.com: Fortis may be keeping its cards close to its chest on Khazanah’s offer for a higher stake in Parkway. But spectators are sure of one thing: The battle for Parkway is being fought between two sovereign wealth funds, and it is poised for a nail-biting finish, reports CNBC-TV18’s Sajeet Manghat.

It’s a proxy war between Singapore and Malaysia, and India has become the battle ground. Two sovereign wealth funds — Singapore’s GIC, and Malaysia’s Khazanah — are locking horns, each eyeing a majority stake in Parkway…………………………………….Full Article: Source

Posted on 31 May 2010 by VRS |  Email |Print

From Asiaone.com: Just two months after India’s Fortis Healthcare bought a 23.9 per cent stake in Parkway, Integrated Healthcare Holdings (IHH) - a unit of Malaysian sovereign wealth fund Khazanah - has launched a $1.18 billion partial takeover offer for Parkway.
If its bid is successful, it will more than double its stake in Parkway Holdings, from 24 per cent to 51.5 per cent, and hold a controlling stake in the owner of Singapore’s Gleneagles and Mount Elizabeth hospitals…………………………………….Full Article: Source

Posted on 31 May 2010 by VRS |  Email |Print

From Nzherald.co.nz: The New Zealand Superannuation Fund could potentially partner in the buy up of clusters of farms as it moves to invest between NZ$300 million and NZ$500 million through its rural land strategy over the next three to five years.

Super Fund CEO Adrian Orr emphasized the rural push was a global, rather than merely New Zealand, one. However, he noted New Zealand was one of the best farms in the world so should “get a slice” of the investment…………………………………….Full Article: Source

Posted on 31 May 2010 by VRS |  Email |Print

From Domain-b.com: India’s foreign exchange reserves inched up marginally to $ 273.364 billion during the week ended May 21 from $273.300 billion in the previous week.

Of the total $273.364 foreign exchange reserves, 248.637 billion consisted of foreign currency, $18.537 billion in gold equivalents, $4.877 in Special Drawing Rights with the International Monetary Fund (IMF) and $1.313 billion in reserve position with the IMF, the Reserve Bank of India (RBI) said in a release…………………………………….Full Article: Source

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