Mon, May 17, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 21.Jul 2010

Posted on 21 July 2010 by VRS |  Email |Print

From Arabianbusiness.com: The Gulf’s sovereign wealth funds (SWFs) are refocusing their energies on investing in their home markets, as well as emerging market locations, a UAE-based partner with KPMG has said.
“If we go back to before the crisis, there was a lot of investment taking place [by Gulf SWFs] internationally……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Indiatimes.com: Should India create a sovereign wealth fund? The debate has been on for the last four years, with those in favour hitting a wall broadly in the shape of the redoubtable former RBI governor Y V Reddy.
Reddy’s opposition notwithstanding, there is merit in the proposal, provided we can devise an institutional mechanism that can deploy the funds with integrity and flexibility……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Dow Jones: India’s government hasn’t made any decision yet on setting up a sovereign wealth fund, Finance Secretary Ashok Chawla said Tuesday.
“That is a proposal that some people are mooting. We will have to carefully consider that, because there are points both in favor and against it,” Chawla said……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Financeasia.com: Khazanah Nasional, the state-owned Malaysian investment company, yesterday sold a 5% stake in Telekom Malaysia through a block trade, raising M$581.3 million ($180 million).
This was its fourth sell-down in a Malaysian portfolio company in less than a year, indicating it is continuing its strategy of divesting domestic companies to help increase the free-float, while at the same time continuing to diversify its own holdings through investments overseas……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Automatedtrader.net: Earlier in July, that sovereign wealth fund committed MYR400 million ($124.8 million) to Navis Capital to invest, as an outsourced fund manager for a MYR500 million fund with MYR100 million in additional capital commitments, the sovereign wealth fund said in a statement.
Furthermore, Navis has been steadily generating returns. Most recently the firm exited a $31 million investment it made in 2005 when it sold chemical company Linatex Consolidated Holdings Ltd. to Weir Group PLC for $200 million……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From WSJ: Singapore state investment company Temasek Holdings Pte. Ltd.’s first pound-denominated bonds were snapped up by U.K. and other European investors eager to get their hands on a rare sterling issue from a top-rated name.
Temasek sold the 700-million-pound, two-tranche bond “in response to enquiries from U.K.-based institutional investors about long-dated, high-grade sterling bonds,” Temasek’s head of treasury, Alyssa Ong, said Tuesday……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Abs-cbnnews.com: Beijing-based China Investment Corporation (CIC), a wholly state-owned firm under the company law of the People’s Republic of China, is interested to invest in the Philippines.
Two representatives of CIC were in Manila on Monday and met with some ranking officials of the Department of Finance, Bangko Sentral ng Pilipinas (BSP), International Finance Group, Bureau of Treasury and Philippines’ Investor Relations Office……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From WSJ: These days, potential investors range from private manufacturers to Hong Kong investors to China’s sovereign-wealth fund, China Investment Corp. China deal trackers say those investors are savvier and more flexible than they were a few years ago, experimenting with joint ventures and minority stakes.
Just a year ago, Hong Kong-based CST Mining Group Ltd. was China Sci-Tech Holdings Ltd., a 15-person Hong Kong public company investing principally in real estate……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Pionline.com: Tony Day, head of strategy at Australia’s A$68 billion (US$59 billion) Future Fund, is leaving the sovereign wealth fund to form his own business.
Mr. Day will be replaced by Stephen Gilmore, the Future Fund’s current senior strategist……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Business24-7.ae: Ras Al Khaimah’s sovereign wealth fund plans an initial public offering for its port of Poti project in Georgia for 2011, its chief executive officer said on Tuesday.
“We will go for an IPO definitely in 2011,” said Khater Massaad, the CEO of Ras Al Khaimah Investment Authority (Rakia), without giving a specific date……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Thenational.ae: Ras al Khaimah’s Government investment body is trying to attract businesses and foreign money into the emirate as it focuses on economic growth at home, it said yesterday.
The RAK Investment Authority (RAKIA) said it had generated almost US$3 billion (Dh11.01bn) in foreign investment and attracted 6,500 businesses since its launch less than five years ago……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Reuters: Abu Dhabi’s Aabar Investments confirmed it is raising its offer to minority shareholders to 1.95 dirhams per share from 1.45 after pressure from the regulator to increase the delisting bid.
According to a translation of a letter from Aabar released by the stock exchange on Tuesday, the investment firm has set an offer period for tendering shares between July 20 and Aug. 5 — as instructed by the Emirates Securities and Commodities Authority (SCA) on Sunday……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Bloomberg: Abu Dhabi, the oil-rich Gulf emirate, forecast a second consecutive budget deficit this year, the shortfall to be covered by transfers from state-run investment bodies, according to a government-guaranteed bond prospectus.
Spending for this year is forecast at 207.5 billion dirhams, compared with 251.7 billion dirhams in 2009, according to the prospectus. The deficits from both years will be funded by transfers from Abu Dhabi Investment Authority and Abu Dhabi Investment Council, it said……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Independentngonline.com: At the end of the meeting of the National Economic Council (NEC) last week, the Governor of the Central Bank of Nigeria, Lamido Sanusi, informed the public that the Council had the approval of the three tiers of government to set up a Sovereign Wealth Fund (SWF) for Nigeria.
He said further that the government was still considering the governance issues as well as the operational structure of the fund, while a committee comprising two ministers, six state governors and the Governor of the CBN was set up to work out ‘the legal framework for a quick take-off of the fund’……………………………………….Full Article: Source

Posted on 21 July 2010 by VRS |  Email |Print

From Dow Jones: Electricite de France SA still hasn’t received formal, fully financed bids for the potential sale of its U.K. power distribution grids. Bidders include Hong Kong-based Cheung Kong Infrastructure, or CKI, and a consortium comprising sovereign wealth fund Abu Dhabi Investment Authority, Macquarie Capital and Canada Pension Plan.
EDF is considering selling its three U.K. low-voltage electricity distribution grids as part of a plan to reduce its debt. The assets have been valued from around GBP4 billion to GBP5 billion……………………………………….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