Sun, Jun 13, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 24.Apr 2012

Posted on 24 April 2012 by VRS |  Email |Print

Pranab MukherjeeThe government plans to use disinvestment proceeds to set up its own version of a sovereign wealth fund (SWF) that will team up with state-run companies for acquiring overseas raw material and energy assets.

A senior government official said about one-third of the proceeds from sale of government equity would be channelised into this fund, and it could also leverage its equity to raise debt, thereby increasing the corpus………………………………………..Full Article: Source

Posted on 24 April 2012 by VRS |  Email |Print

Michael BurnsAlaska Permanent Fund Corp., Juneau, returned 1.9% for the nine months ended March 31, boosted by a return of 6.9% in the last three months, according to a news release for the sovereign wealth fund. The fund ended March with $41.5 billion, the highest month-end closing value in its history.

The U.S. equity portfolio had the best returns for the quarter and the first nine months of its fiscal year, both ended March 31, at 13.3% and 6.4%, respectively. International equities and global equities returned 11.9% and 11.5%, respectively, for the quarter, but are -7.2% and 0.6%, respectively, for the fiscal year………………………………………..Full Article: Source

Posted on 24 April 2012 by VRS |  Email |Print

Themed Attractions & Resort Sdn Bhd (TAR), a unit of Khazanah Nasional Bhd, will divest some or all of its investments in theme parks in the Klang Valley and Johor, says its chief.TAR, which was given an initial RM2.3 billion until 2015 to develop parks and attractions, has a majority stake in KidZania and will also wholly-own five other soon-to-open attractions in Johor.

TAR chief executive officer Tunku Ahmad Burhanuddin said Khazanah would eventually dispose of its stakes in the projects………………………………………..Full Article: Source

Posted on 24 April 2012 by VRS |  Email |Print

Anambra State Governor, Mr. Peter Obi, has said no state governor is against the establishment of the Sovereign Wealth Fund (SWF). Obi who stated this weekend at the Spring Meetings of the IMF/World Bank in Washington DC, United States, was reacting to the notion that state governors were against the SWF.

Obi said there could be differences on how the savings should take place, but that did not mean that any governor was against the saving for the SWF. “If as private individuals all of us saved money in case of the rainy day, that a nation likewise is compelled to save,” he added………………………………………..Full Article: Source

Posted on 24 April 2012 by VRS |  Email |Print

In a manner consistent with the profligacy of government, Nigeria’s excess crude account has been experiencing rapid depletion despite elevated crude oil prices which currently hovers around $120 per barrel.

The excess crude account – the differentials between the Federal Government’s budget benchmark and the price of crude oil in the international market – contained about $22 billion in 2007, but despite a period of high oil prices, the account has been drained, with only $3.6 billion left as of today………………………………………..Full Article: Source

Posted on 24 April 2012 by VRS |  Email |Print

Kazakhstan’s BTA Bank, majority owned by the country’s sovereign wealth fund, on Monday said it was suspending payment on recovery notes with a reference value of $5.2 billion after defaulting on a $2 billion dollar bond earlier this year.

The Recovery notes were issued to some creditors during an earlier debt restructuring in 2009 and were supposed to pay out whenever BTA managed a certain level of asset recovery………………………………………..Full Article: Source

Posted on 24 April 2012 by VRS |  Email |Print

A delegation of global governmental executives involved in investing have come together to join the Institute Council of Investors. Types of council members include: sovereign wealth funds, public pension funds, central banks, government investment authorities and other governmental entities. Initial members include some of the most senior names in the public investor industry.

The Institute Council of Investors is a neutral body of members that represent participants in the global governmental investor community. The general purpose of the council is to serve its council members engaged in the global governmental investor community through the sponsorship of interactive forums designed for the purpose of education, research initiatives and member interaction. (Press Release)

See more articles in the archive

banner
banner
banner
banner
June 2021
M T W T F S S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930