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Sovereign Wealth Funds Briefing 27.Feb 2012

Posted on 27 February 2012 by VRS |  Email |Print

Qatar Investment Authority, the emirate’s sovereign wealth fund, increased its stake to 8.4 percent in Iberdrola SA, raising its investment in Spain’s largest electricity provider to 2.27 billion euros ($3 billion).
The fund based in Doha has surpassed all other stockholders except for Spanish construction company Actividades de Construccion & Servicios SA, which holds about 19 percent of Iberdrola, according to the utility’s annual corporate governance report covering 2011 activities………………………………………..Full Article: Source

Posted on 27 February 2012 by VRS |  Email |Print

Sovereign wealth funds (SWFs) could be a terrific alternative source of capital for primary insurers and reinsurers around the globe.
At least that was the hypothesis we here at Deloitte offered about four years ago in a June 2008 special report on this potential new supplier of financing for insurance carriers, titled “Insurance Firms: The Missing Link in the Sovereign Wealth Fund Acquisition Spree.”……………………………………….Full Article: Source

Posted on 27 February 2012 by VRS |  Email |Print

Colin Barnett’s plan for a sovereign wealth fund has been attacked by a conservative think tank as a waste of money that would short-change West Australians in the long run.
The Centre for Independent Studies says the rate of return on the assets held in such a fund would be poor compensation for not using the cash now to invest in productivity-lifting infrastructure, lowering taxes or cutting the State’s debt………………………………………..Full Article: Source

Posted on 27 February 2012 by VRS |  Email |Print

The Government of Singapore Investment Corporation (GIC) has acquired a 5% stake in multinational grain producer Bunge, the company said. In a filing with the U.S. Securities and Exchange Commission (SEC), Bunge said the city-state’s sovereign wealth fund had acquired 7.31 million of its shares.
The filing did not give a value for the acquisition but Dow Jones Newswires said it was worth $495.5 million, based on the closing price of Bunge shares in New York on Thursday………………………………………..Full Article: Source

Posted on 27 February 2012 by VRS |  Email |Print

The Papua New Guinea Government anticipates that a staggering K100 billion (US$30 billion) will be initially deposited into the Sovereign Wealth Fund (SWF).
“We are talking in excess of some US$30 billion, at current exchange rate, that works out to about K100 billion. That is a lot of money,” Prime Minister Peter O’Neill said………………………………………..Full Article: Source

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