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Sovereign Wealth Funds Briefing 22.Jun 2012

Posted on 22 June 2012 by VRS |  Email |Print

Vladimir PutinMajor private equity and sovereign wealth funds on Thursday took tentative first steps to invest in Russia, praising efforts to break the economy’s fixation on energy and become a more diversified, open and less risky place to invest.
At a forum used by President Vladimir Putin to court foreign capital, sovereign wealth fund the Kuwait Investment Authority said it struck a $500 million deal to invest alongside the $10 billion state-backed Russian Direct Investment Fund (RDIF)………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Kuwait Investment Authority, the country’s sovereign wealth fund, will invest $500 million in private equity together with the Kremlin-backed Russia Direct Investment Fund, Managing Director Bader Mohammad Al-Saad said today in St. Petersburg.
The Kremlin established the RDIF a year ago to help lure foreign investment and expertise in its drive to wean the world’s largest energy supplier off its dependence on commodity exports………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

A report prepared by KFH-Research regarding the performance and status of global infrastructure funds market, mentioned that despite the recent poor performance of subscriptions and money gathering, infrastructure funds are expected to attract more investors and to continue achieving reasonable growth; especially after the growing trend to spend funds on in infrastructure projects and the participation of the private sector in those projects.
In addition, the report noted that infrastructure funds began to recover starting from 2010, where total collected money reached $32 billion, before dropping to $16 billion in 2011………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Abu Dhabi’s Mubadala Development Company is looking to increase its investments in Brazil, three months after it struck a US$2bn deal with Brazilian tycoon Eike Batista, it was reported on Wednesday.
The Abu Dhabi-backed investment and development is eying large Brazilian companies in order to set up partnerships in the renewable-energy sector, director of a Mubadala unit told the Wall Street Journal newspaper………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Billionaire Eike Batista, Brazil’s richest man, is selling a 49 percent stake in his AUX gold business to Qatar Investment Fund Plc (QIF) for about $2 billion, according to a person with knowledge of the transaction.
“Sovereign wealth funds are interested in investing in real assets” such as gold, the 55-year-old mining and energy magnate, whose investments range from iron ore to coal, told reporters on Feb. 15. AUX paid C$1.08 billion ($1.05 billion) last year to buy Ventana Gold Corp………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Bahrain Mumtalakat Holding Company, the investment arm of the kingdom, has announced its support of a new educational programme organised by the French Embassy and the Education Ministry.
The initiative will see 14 Bahraini students, accompanied by two of their teachers, travel to France for two weeks in the summer to take part in an intensive French language course………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Singapore sovereign fund Temasek sees political and regulatory ambiguity in the US and argues that investors underestimate opportunities in China, where urbanisation is really just beginning.
President Gregory Curl, speaking at an FT conference in Hong Kong yesterday, concedes that he expects Temasek’s returns in this volatile period to be between a half and two-thirds of what they have been historically………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Temasek Holdings Pte, Singapore’s state-owned investment company, expects smaller returns for the asset management industry on anticipation the outlook will be difficult for years, said Gregory Curl, president and head of the Americas.
Investment returns will be lower compared with historical gains, Curl, 63, said at an industry conference in Hong Kong. The U.S. represents considerable risks, he added. Temasek managed S$193 billion ($152 billion) as of March 2011………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Singapore investment company Temasek Holdings expects smaller returns for the asset management industry on anticipation that the outlook will be difficult for years, said Mr Gregory Curl, its president and head of Latin America.
Investment returns will be lower compared with historical gains, Mr Curl, 63, said at an industry conference in Hong Kong. The United States represents considerable risks, he added………………………………………..Full Article: Source

Posted on 22 June 2012 by VRS |  Email |Print

Singapore investment giant Temasek Holdings expects smaller returns for the asset management industry amid a very difficult outlook with the United States market posing considerable risks, according to its President, Mr Gregory Curl.
“We’re interested in sustainable returns over what we believe is going to be a very difficult and volatile environment for a number of years globally. Going forward, we would expect that returns will be between one-half and two- thirds of what they have been historically,” Mr Curl said yesterday, referring to the returns for asset managers………………………………………..Full Article: Source

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