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Sovereign Wealth Funds Briefing 13.Apr 2012

Posted on 13 April 2012 by VRS |  Email |Print

Sovereign wealth funds (SWFs) are, for hedge funds, institutional investors with big potential. According to an article in Preqin’s latest newsletter, which looks at their investment preferences, SWFs currently manage an aggregate $4.62tn (up from $3.05tln in 2008). 38% of SWFs invest in hedge funds (compared to 36% in 2011 and 37% in 2010) and a further 2% are considering allocating for the first time.
The average total assets of SWFs that have investments in hedge funds stands at approximately $136bn. TheCityUK’s Sovereign Wealth Funds 2012 report, which came out in February, notes that the assets held by SWFs climbed 9% to $4.8tln in 2011. The financial advisor expects SWFs’ assets to grow to $5.2tln by the end of 2012, as inflows from trade surpluses and commodities’ exports continue………………………………………..Full Article: Source

Posted on 13 April 2012 by VRS |  Email |Print

Mubadala, the Abu Dhabi government’s investment vehicle, on Thursday reported an overall loss for 2011 of $1.14 billion as volatile global markets led to a sharp drop in the value of its financial investments and real estate portfolio.
The state-owned fund, which has stakes in General Electric and private equity firm Carlyle, made an overall loss of 4.2 billion dirhams ($1.14 billon) in 2011, compared with a loss of 338 million dirhams in 2010, it said in a statement………………………………………..Full Article: Source

Posted on 13 April 2012 by VRS |  Email |Print

Qatar is playing merger-maker for Glencore-Xstrata . The Gulf state’s sovereign wealth fund has already proved it can act as a successful arbitrageur in M&A situations.
It hasn’t revealed its intentions for the 5.5% stake in Xstrata built in the two months since Glencore agreed to merge with the Anglo-Swiss miner in a $90bn deal. But the bold $2.7bn investment could be another win………………………………………..Full Article: Source

Posted on 13 April 2012 by VRS |  Email |Print

The Government is stepping up its bid to sell a stake in Royal Bank of Scotland to Arab investors. Well-placed sources confirmed Treasury officials are urgently working behind the scenes to reach a deal which could see a huge chunk of the state-backed bank hived off to sovereign wealth funds based in the Middle East.
The Government has committed to returning the bank to the private sector since it was bailed out with £45.5bn of taxpayers’ money in 2008………………………………………..Full Article: Source

Posted on 13 April 2012 by VRS |  Email |Print

The Coordinating Minister of the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has carpeted the state governors for their insistence on sharing funds from the Excess Crude Account, which now has a balance of $3.6billion rather than saving it in the Sovereign Wealth Fund (SWF).
The minister, who spoke at the first Civil Society Forum Agenda in Abuja, stated that the Excess Crude Account was supposed to metamorphose into the SWF. However, she said the governors were vehemently opposed to it, saying that it was a fight to be able to get $1billion saved in the SWF………………………………………..Full Article: Source

Posted on 13 April 2012 by VRS |  Email |Print

Viadeo, the Professional Social Network with over 45 million members worldwide, No. 1 in France and China, is announcing today the completion of a large fundraising round of $32 million split between the French Sovereign Wealth Fund, the Fonds Strategique d’Investissement, existing institutional shareholders, Idinvest and Ventech, and a pool of new investors including Allianz, Jefferies, the global investment banking firm, and Middle Eastern private funds.
The new investment will allow Viadeo to accelerate its growth in Europe and China with Tianji its local brand, as well as other key emerging markets like Latin America, Russia, India, and Africa. This achievement serves as a testament to the value Viadeo brings to its users whether they are managers, corporate professionals, recruiters or entrepreneurs. (Press Release)

Posted on 13 April 2012 by VRS |  Email |Print

While speculation still continues as to who will take over the reins of Keretapi Tanah Melayu Bhd (KTMB), industry sources say that it is increasingly looking like the candidate will be little-known Mohd Azharuddin Mat Sah.
The 40-odd-year-old Azharuddin is currently the vice-president of special projects at the managing director’s office of Khazanah Nasional Bhd, and sources say he has been handpicked by the Government to put KTMB back on the right track………………………………………..Full Article: Source

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