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Sovereign Wealth Funds Briefing 30.Nov 2011

Posted on 30 November 2011 by VRS |  Email |Print

Not all sovereign wealth funds are titans of finance. We take a side trip to Trinidad and Tobago to speak to Ewart Williams, the head of its young SWF, to understand how these institutions are evolving.
Ewart Williams is governor of the Central Bank of Trinidad and Tobago and director of the Heritage and Stabilisation Fund, a $4 billion sovereign wealth fund that was set up to secure and invest the proceeds of the country’s oil wealth. Williams had been a director of the IMF before returning to his country to run both the central bank and the fund………………………………………..Full Article: Source

Posted on 30 November 2011 by VRS |  Email |Print

When the average person looks at our creaking railway network and pot-hole-ridden roads, they see an irksome hindrance to their trip home from work. But China Investment Corporation – the sovereign wealth fund of the People’s Republic – sees dollar signs.
CIC chairman Lou Jiwei has been nattering with Chancellor George Osborne and the pair cooked up a bright idea to kick-start badly needed infrastructure upgrades. The idea is that Britain gets the much-needed financial impetus to get projects off the ground, while the Chinese investment vehicle takes a slice of the equity and profits………………………………………..Full Article: Source

Posted on 30 November 2011 by VRS |  Email |Print

Europe and the United States should increase infrastructure investment to drive a global economic recovery, the head of China’s $410 billion sovereign wealth fund said just days after expressing interest in buying into Western transportation deals.
China Investment Corp (CIC) Chairman and Chief Executive Lou Jiwei said in the official People’s Daily newspaper on Tuesday that China should not be regarded as the sole engine of global economic growth because domestic consumption is relatively weak………………………………………..Full Article: Source

Posted on 30 November 2011 by VRS |  Email |Print

Greentown China Holdings Ltd, a Hangzhou-based property developer, is talking with a subsidiary of China Investment Corp (CIC), Blackstone Group and Beijing Greentown Sunshine Investment Co to set up a joint venture (JV) for domestic property development.
“With a 60 percent stake, China Jianyin Investment Securities Co is to launch the JV, and the Blackstone Group will take a 10 percent stake in the JV via its private-equity team,” said a source with knowledge of the deal on Monday………………………………………..Full Article: Source

Posted on 30 November 2011 by VRS |  Email |Print

The Singapore-led group that won a tender for a large site in the western Chinese city of Chongqing will spend a total of 21.1 billion yuan ($3.31 billion) on what it hopes will become one of the most prominent projects in China, lead developer CapitaLand Ltd said on Tuesday.
CapitaLand, together with shopping mall arm CapitaMalls Asia , announced earlier on Tuesday that they were part of a consortium that had been awarded a 91,783 square metre site next to Chongqing’s central business district for S$1.28 billion ($985.30 million)………………………………………..Full Article: Source

Posted on 30 November 2011 by VRS |  Email |Print

The Dubai International Film Festival, the leading festival of its kind in the region, held under the patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced that Investment Corporation of Dubai (ICD), the specialised investment management organisation of the Government of Dubai, will be its title sponsor.
ICD supervises the government’s investment portfolio adding value through the implementation of world best-practice corporate governance, the recruitment of the best people and the embracing a global investment strategy………………………………………..Full Article: Source

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