Mon, May 23, 2022
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 26.Jun 2012

Posted on 26 June 2012 by VRS |  Email |Print

Ngozi Okonjo-IwealaNigeria’s powerful state governors said on Monday they had approved federal government’s proposal to launch a sovereign wealth fund with an initial $1 billion, ending months of political wrangling.
Finance Minister Ngozi Okonjo-Iweala said in October last year the fund was being launched but governors initially blocked the proposal, leading to eight months of negotiations………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

The Federal Government, as part of an immediate plan to provide a buffer for the economy, has increased the Excess crude account (ECA) from $5.3Billion to $10Billion.
This was part of the high points of the decisions taken on Monday by the National Economic Council (NEC) to protect the economy from a possible global recession………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

The Abu Dhabi Investment Authority believes the world economy offers opportunities for it and other patient investors, despite an uncertain outlook, the government-run fund’s managing director said in a report released Monday.
ADIA’s 2011 annual review shed little new light on the operations of the world’s largest sovereign wealth fund. But the comments from Managing Director Hamed bin Zayed Al Nahyan suggest the tight-lipped fund remains guardedly optimistic about a recovery in economic growth………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

Abu Dhabi Investment Authority (ADIA), the cash-rich emirate’s sovereign wealth fund, expects emerging market stocks to outperform in the long-term and said it took a “selective” approach in deploying money at its fixed income unit in 2011.
ADIA, whose assets range from Citigroup bonds to a stake in Britain’s Gatwick airport, said high volatility in emerging market stocks had more to do with increased risk aversion among investors than fundamental concerns………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

The Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund by assets under management, said today in a review of its 2011 performance that up to 45 per cent of its total portfolio has been invested in developed market equities, while up to 20 per cent is deployed in emerging market equities, and government bonds.
Real estate assets comprised up to 10 per cent of ADIA’s portfolio, private equity formed 8 per cent, and infrastructure made up 8 per cent………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term returns in 2011 dropped as global equity markets fell.
The fund has a 20-year annual rate of return of 6.9 percent and a 30-year rate of return of 8.1 percent as of the end of last year, it said in its annual report. That compares with 20- year and 30-year annual returns of 7.6 percent and 8.1 percent respectively at the end of 2010………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

Abu Dhabi Investment Authority returned an annualized 6.9% for the 20 years ended Dec. 31, 2011, compared to an annualized 7.6% for the 20-year period ended a year earlier, according to the fund’s annual report.
The annualized 30-year return for the period ended Dec. 31, 2011, was 8.1%, unchanged from the 30-year period ended 12 months earlier………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

Goldman Sachs is being investigated by the Libyan Sovereign Wealth Fund over huge losses Libya incurred when GS and Societe Generale managed funds on behalf of Muammar Gaddafi.
The Libyan Investment Authority held billions of dollars comprised of oil wealth channeled by Gaddafi into foreign investments. Much of it made its way into the coffers of Goldman Sachs. The losses were staggering………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

Swiss politicians have proposed the SNB create a sovereign wealth fund for its vast foreign exchange reserves to boost returns. The SNB suffered a huge loss in 2010 after intervening to stem the franc’s rise against the euro.
Echoing comment made by SNB chairman Thomas Jordan on June 14, Danthine rejected the SWF idea, saying it would not be insulated from fluctuations in the exchange rate and could hamper the SNB withdrawing liquidity when necessary………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

Valued at US $611 billion at the end of March, the Norway Pension Fund—Global vies for the top spot of the sovereign wealth fund tree with the Abu Dhabi Investment Authority.
However, with great power comes great responsibility: in the last 12 months the Norwegians have voted against the beleaguered Greeks being allowed a “managed default” and offered a $9.2 billion loan to the International Monetary Fund (IMF) as the organization struggles to contain the Eurozone crisis. In contrast, the United Kingdom—with a population 12 times larger—offered $15 billion………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

According to the Bocconi Report, foreign sovereign funds invested 80.9 billion dollars in 2011, +42% on 2010. The absolute value, however, amounts to less than investments made in 2008 and 2009.
The information is posted in the Sovereign Wealth Fund Annual Report 2011, which covers 31 sovereign funds, drawn up by the Sovereign Investment Lab of the Bocconi University’s Centro Baffi. 43% of the overall operational spend went into the financial sector (35.2 billion dollars), triggering a “need to recapitalise domestic banks.”……………………………………….Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

Spanish group Abertis, that manages international mobility and telecommunications infrastrutures, has closed the sale of 7% of satellite operator Eutelsat to Chinese Investment Corporation (CIC).
The deal was reached for a total amount of €385.2 million, and generates a net capital gain of €237 million for Abertis. The transaction follows Abertis’ January sale of 16% of Eutelsat in a private placement among qualified investors. However, Abertis will remain a Eutelsat shareholder, with a stake of 8.35%. On Friday, Eutelsat’s share jumped to €24,25, up 4.1 %………………………………………..Full Article: Source

Posted on 26 June 2012 by VRS |  Email |Print

Temasek Holdings has freshened up its 10-year-old charter to better reflect its role as a commercially-driven investor and financial steward.
In an email to staff yesterday to mark the company’s 38th anniversary, Chief Executive Ho Ching said the Temasek Charter “is a living document to help define who we are, and what we do”………………………………………..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