Mon, May 23, 2022
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 15.Jun 2012

Posted on 15 June 2012 by VRS |  Email |Print

According to figures from research firm Sovereign Wealth Fund Institute, the UAE capital’s Abu Dhabi Investment Authority is head and shoulders above Norway’s Government Pension Fund – Global with US$611.
The top ten in the rankings is dominated by Asia-based funds, including those from Saudi Arabia, Singapore, Kuwait and China, many of which derive their wealth from oil receipts. Qatar Investment Authority, which has grabbed headlines of late for snapping up luxury assets in the UK and continental Europe, placed 12 with US$100bn………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

Sovereign Wealth Fund Institute, the research company, announced that Abu Dhabi Investment Authority is the richest sovereign wealth fund in the world, with it assets at around USD627 billion, reported Arabian Business.
The company added that the authority’s assets exceeded those of Norway’s Government Pension Fund-Global by USD611………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

Thomas Jordan, the governor of the Swiss National Bank (SNB), said the idea of setting up a sovereign wealth fund with the Bank’s foreign currency holdings would do “little” to assist Switzerland or Swiss monetary policy.
“The idea of a sovereign wealth fund may appear attractive at first glance,” Jordan said, before outlining three critical factors that meant the step would not be appropriate for Switzerland………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

The sovereign fund has applied for a new $700 million QFII quota as regulators reportedly consider raising the $1 billion cap. Fullerton Fund Management was one of seven to be granted a QFII licence yesterday, even as its parent, Temasek, applies for a huge quota increase amid reports that regulators may raise the $1 billion cap.
Fullerton received its permit along with Eurizon Capital (Luxemburg), BOCI-Prudential Asset Management (Hong Kong), Lion Global Investors (Singapore), Generali Fund Management (Luxemburg), William Blair (US) and Investec Asset Management (UK)………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

Temasek Holdings, which holds stakes in China’s biggest banks, said yesterday it filed an application to boost its quota for publicly traded securities in mainland exchanges to tap the nation’s long-term growth.
The Singapore investment company is seeking to increase allocations through the so-called qualified foreign institutional investor (QFII) programme, it said. Only approved institutional investors can buy or sell yuan-denominated securities within a preset quota under the QFII programme………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

Sovereign wealth fund Kuwait Investment Authority (KIA) will invest about $150 million in Malaysian firm IHH Healthcare’s planned $2 billion IPO in Kuala Lumpur and Singapore, two sources with direct knowledge of the deal said.
The investment is poised to make KIA the second-biggest investor in the Malaysian healthcare firm’s IPO. It will be the fund’s biggest investment in an Asian flotation since it poured $800 million into Agricultural Bank of China’s $21 billion offering in 2010………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

Middle Eastern sovereign wealth fund Kuwait Investment Corp and Malaysia’s largest pension fund have agreed to become cornerstone investors in the planned US$2-billion (S$2.6-billion) initial public offering (IPO) of IHH Healthcare in Kuala Lumpur and Singapore, a source said.
The source said KIA has agreed to invest US$150 million, while Malaysia’s Employees Provident Fund is planning to pour in US$200 million………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

The Kuwait sovereign-wealth fund will invest $150 million in IHH Healthcare, while Malaysia’s Employees Provident Fund, or EPF, will put in $200 million, the person said.
The International Finance Corp., an investment arm of the World Bank, said on its website that its board has approved investing in the IPO, but didn’t provide details. An IFC spokesman declined to comment further……………………………………….Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

The listing of Integrated Healthcare Holdings Sdn Bhd (IHH) next month will see the government’s investment holding company, Khazanah Nasional Bhd, raking in RM4.9 billion in the form of unrealised profit via the 62 per cent stake held in the international health services provider company.
The IHH’s prospectus will be simultaneously launched today at the Securities Commission Malaysia and the Monetary Authority of Singapore for the company’s shares to be listed on the bourses of the two countries next month, according to a source close to the floatation……………………………………….Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

China is pushing for the renminbi to be used more widely in commerce and finance but it is unclear if Beijing wants its currency to rival the US dollar and euro, says CIC’s Lawrence Lau.
China may eschew the multi-billion dollar annual benefits enjoyed by major reserve currency seigniorage - the revenue that a government raises by printing money that is held overseas - as this would result in Beijing having to run a trade deficit, according to Lawrence Lau, chairman of the Hong Kong arm of China sovereign wealth fund CIC………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

U.K.-listed, Indonesian-based coal producer Bumi PLC aims to unveil its debt repayment and refinancing plan with China Investment Corp., or CIC, in August or September and still expects to achieve a decent average thermal-coal selling price for the year, despite the recent price rout.
Spot thermal-coal prices have dropped significantly since the beginning of the year–nearly 20% for thermal-coal export prices from South Africa’s Richards Bay Coal Terminal–due to weaker-than-expected Chinese demand growth, stagnant European coal demand, and a boom in U.S. shale gas that has lowered U.S. coal demand………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

The government estimated public service superannuation liabilities at $139bn in May; these were partly offset by $77bn of assets in the Future Fund.
But the government is assuming a 6 per cent rate of return on safe assets, a far cry from yields of 3 per cent observed on commonwealth government bonds this week………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

Qatar Investment Authority, owner of Qatar Holding LLC, said Wednesday it bought 4.47 million shares in diversified mining group Xstrata PLC at 965.07 pence and 7.25 million at 964.19 pence, lifting its total holding including options to 329.44 million shares, or 10.972%.
Qatar’s holding excluding options is 310.88 million shares, or 10.353%………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

Alaska’s Permanent Fund has been riding the roller coaster of financial markets and will probably end its fiscal year on June 30 in basically a break-even position, according to the Fund’s executive director Mike Burns.
The monthly performance report prepared for the Fund’s trustees for April 30 showed a 0.76 percent gain in value over the prior 12 months, although the fiscal-year-to-date (July 1 to April 30) was little better, a gain of 2.03 percent………………………………………..Full Article: Source

Posted on 15 June 2012 by VRS |  Email |Print

A major question looms for many policymakers. Who are sovereign wealth funds accountable to? By examining each sovereign fund’s governance framework, it is paramount to see who is at the top and who do they answer to? There are no generic answers to these questions. Sovereign wealth funds have many key constituencies to address including domestic and foreign parts.
Sovereign wealth funds have a domestic component that must be addressed. This public accountability stems from the sovereign wealth fund being a part of the nation or state………………………………………..Full Article: Source

See more articles in the archive

banner
banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031