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Sovereign Wealth Funds Briefing 19.Dec 2011

Posted on 19 December 2011 by VRS |  Email |Print

At No 1 is Abu Dhabi Abu Dhabi Investment Authority (UAE), with estimated assets of $627bn. China’s SAFE Investment Company is ranked at No 2, with estimated assets worth $567.9bn.
At rank3 is Norway-based Government Pension Fund – Global. Its estimated assets are worth $560bn. Saudi Arabia’s SAMA Foreign Holdings (rank 4) has estimated assets worth $472.5bn……………………………………….Full Article: Source

Posted on 19 December 2011 by VRS |  Email |Print

For sub-Saharan governments one largely unmentioned reaction to the fall of Libya’s Colonel Qadhafi earlier this year was their surprise at the scale of the country’s offshore sovereign wealth funds - now at the disposal of the Transitional National Council and/or its elected successor administration.
Nigerian President Goodluck Jonathan took his proposals for 2012 to the national assembly this week, but made no mention of the establishment of a Sovereign Wealth Fund (SWF) for the country. The idea has been on the table for a while - as it has also been in Angola………………………………………..Full Article: Source

Posted on 19 December 2011 by VRS |  Email |Print

Seven months after the Nigerian Sovereign Wealth Fund (NSWF) was approved by the Senate and signed into law by President Goodluck Jonathan, the fund is yet to get a management team, but the minister of finance Ngozi Okonjo Iweala said they have started implementing it.
When the fund was initiated sometimes last year, the authorities said it would replace the Excess Crude Account (ECA) and $1 billion was set aside for it………………………………………..Full Article: Source

Posted on 19 December 2011 by VRS |  Email |Print

New Delhi will soon take a final call on the issue of setting up of a sovereign wealth fund (SWF). The idea of an Indian SWF has been going around since 2007 when China established its major sovereign wealth fund, China Investment Corporation (CIC), with an initial capital of $200 billion.
However, this time the proposal has received strong support from India’s corporate leaders who recently suggested the creating of a state-owned SWF primarily to secure access to natural resources and pursue strategic investment opportunities overseas………………………………………..Full Article: Source

Posted on 19 December 2011 by VRS |  Email |Print

China is set to see a crop of quantitative hedge fund launches by mainland Chinese quant specialists, according to a panel of fund of hedge fund (FoHF) executives at the Battle of the Quants conference last week in Hong Kong.
One of the biggest China CTA players is PCA Investments, a Hong Kong-based hedge fund manager backed by mainland sovereign wealth fund China Investment Corp. It launched a CTA fund in mid-year with the goal of raising $750 million in AUM………………………………………..Full Article: Source

Posted on 19 December 2011 by VRS |  Email |Print

President Dmitry Medvedev may raid a “rainy day” fund set aside for pensions in a bid to meet commitments to build new rail and road links, including the Moscow-to-St. Petersburg highway.
Medvedev has asked the government to draw up by April 1 a mechanism for using the 2.7 trillion ruble ($85 billion) National Welfare Fund to ensure “long-term financing of investment projects, including development of transportation infrastructure.”……………………………………….Full Article: Source

Posted on 19 December 2011 by VRS |  Email |Print

Eldorado Gold Corp. aims to expand its production plans in debt-plagued Greece with an all-share bid for European Goldfields Ltd., valuing the Yukon-based company at about $2.5-billion and disrupting a financing deal it recently struck with a Qatari investment group.
The agreement, announced on Sunday, is a 48-per-cent premium to where European Goldfields shares were trading before they soared on Dec. 6, following the company’s announcement that it was in acquisition talks with “third parties.”……………………………………….Full Article: Source

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