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Sovereign Wealth Funds Briefing 25.Jun 2012

Posted on 25 June 2012 by VRS |  Email |Print

Sovereign wealth funds made 237 direct investments, valued at $80.9 billion, last year, the Financial Times reported, citing data collected by the Sovereign Investment Lab at Bocconi University in Milan. A significant part of the investing was by funds in developing countries into developed markets.
Much of the money was put into companies with strong involvement in emerging economies — LVMH Moet Hennessy Louis Vuitton SA (MC) in China and Iberdrola SA (IBE) in Latin America, for example — while little was invested in European manufacturing, suggesting a lack of confidence in the continent’s economy, the newspaper said………………………………………..Full Article: Source

Posted on 25 June 2012 by VRS |  Email |Print

Mohammed Bin Saleh al-Sada. Qatar’s sovereign wealth fund is applying for a license and a $5 billion quota to invest in China under the Qualified Foreign Institutional Investor program, the China Securities Journal said on its website yesterday, citing Energy and Industry Minister Mohammed Bin Saleh al-Sada.
Qatar will allocate the funds mainly for the domestic A- share equity market and initial public offerings, with some investment in bonds, al-Sada said in Beijing……………………………………….Full Article: Source

Posted on 25 June 2012 by VRS |  Email |Print

Sovereign wealth fund Kuwait Investment Authority (KIA) has announced a $500 million investment in Russian Direct Investment Fund (RDIF) as part of its global strategy.
The announcement was made during a meeting at the St. Petersburg International Economic Forum between Russian President Vladimir Putin and the heads of leading global investment and securities firms………………………………………..Full Article: Source

Posted on 25 June 2012 by VRS |  Email |Print

China Investment Corp., the world’s fifth-largest sovereign fund, agreed to buy a 7% stake in satellite company Eutelsat Communications from Spain’s Abertis Infraestructuras.
China Investment will pay Abertis EU €385.2 million (US $483 million) for 15.4 million shares, Abertis said in a statement. Abertis expects a net capital gain of EU €237 million………………………………………..Full Article: Source

Posted on 25 June 2012 by VRS |  Email |Print

Europe’s financial turmoil has seen the Chinese government quietly pour tens of billions of US dollars into Japan’s stock market, analysts say, despite the two countries’ lingering historical animosity.
China’s sovereign wealth fund, China Investment Corp chairman has reportedly said the fund was scaling back its European equity and bond holdings, telling the Wall Street Journal this month that “there is a risk that the eurozone may fall apart and that risk is rising.”……………………………………….Full Article: Source

Posted on 25 June 2012 by VRS |  Email |Print

Jin Liqun, the Chairman of the Board of Supervisors for the China Investment Corporation, a.k.a. the sovereign wealth fund of China, apparently thought that because Europeans are lazy, that they are not really that interested in buying into EFSF or whatever bizarre things Europeans are coming up with.
He talked to the Economist recently, and said he is somewhat disappointed because the Europeans don’t seem to know what to do with the debt crisis………………………………………..Full Article: Source

Posted on 25 June 2012 by VRS |  Email |Print

After the riots, President Nursultan Nazarbayev, never tolerant of dissent, removed his son-in-law from the top job at sovereign wealth fund Samruk-Kazyna, ultimate owner of the oilfields around Zhanaozen. The fund has since created advisory bodies on labour issues.
A Western executive who attended one of the fund’s recent seminars said particular attention had been devoted to mid-level managers, who are often prone to neglect labour problems for fear of rebuke from further up the command chain………………………………………..Full Article: Source

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