Thu, May 19, 2022
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 27.Jun 2012

Posted on 27 June 2012 by VRS |  Email |Print

David CummingSovereign-wealth fund Qatar Holding, which has amassed a substantial stake in Xstrata PLC , called on Glencore International PLC Tuesday to sweeten the terms of its merger proposal with the Anglo-Swiss miner.
The surprise announcement by Qatar Holding places another obstacle in Glencore and Xstrata’s quest to secure shareholder votes for their proposed merger of equals, which would create a mining juggernaut with a market capitalization of nearly $58 billion and assets in oil, coal, base metals, precious metals and agriculture. The merger has raised the ire of some shareholders who are unhappy about a hefty retention package that would be awarded to Xstrata’s management as part of the deal………………………………………..Full Article: Source

Posted on 27 June 2012 by VRS |  Email |Print

Christophe FlorinThe Abu Dhabi Investment Authority, a Middle Eastern sovereign wealth fund, is to continue the expansion of its private equity team despite the impact of the “increasingly fragile macroeconomic climate” on the asset class.
In its 2011 annual report released earlier this week, the ADIA said that the private equity market last year “was very much a tale of two halves for the private equity industry” with increasing credit availability accelerating deal activity, which subsequently slowed as a result of the European sovereign debt crisis………………………………………..Full Article: Source

Posted on 27 June 2012 by VRS |  Email |Print

Global markets were jolted by Western financial crises and Japan’s earthquake but the impact on investment returns were less than had been feared, according to the Abu Dhabi Investment Authority (Adia).
Adia’s managing director, Sheikh Hamid bin Zayed al Nahyan, said crises that hit the Euro region and the United States last year showed how unexpected events can shake most markets but also underscored the need to maintain an open mind and be ready to respond………………………………………..Full Article: Source

Posted on 27 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 27 June 2012 by VRS |  Email |Print

In a frantic move to save the country’s economy from crumbling under what it described as persisting global economic crisis, the Federal Government concluded plans to raise the country’s Excess Crude Account (ECA) from $5.3 billion to $10 billion.
This, it said, will provide the needed buffer for Nigeria’s economy for, at least, three months, even as it warned against unnecessary borrowing and misapplication of funds by government at all levels………………………………………..Full Article: Source

Posted on 27 June 2012 by VRS |  Email |Print

The Federal Government has as part of an immediate plan to provide a buffer for the economy increased the Excess Crude Account (ECA) from N848 billioin ($5.3 billion) to N1.6 trillion ($10 billion).
This was part of the high points of the decision taken Monday by the National Economic Council (NEC) to protect the economy for at least three months from a possible global recession………………………………………..Full Article: Source

Posted on 27 June 2012 by VRS |  Email |Print

Fosun International Ltd, China’s largest private conglomerate by revenue, was preparing to set up a$1 billion fund to scour the globe for bargains in an effort to scale up its investment overseas, Liang Xinjun, chief executive officer of the company, told the Financial Times.
According to the shanghai newspaper, Oriental Morning Post, Liang and John Snow, former U.S. Treasury secretary and adviser to the Fosun board, had met and expressed interest to some Middle Eastern sovereign wealth funds in Dubai, Abu Dhabi and Doha this month………………………………………..Full Article: Source

Posted on 27 June 2012 by VRS |  Email |Print

The Sovereign Investment Lab – which, you have to admit, has a cool name – at Università Commerciale Luigi Bocconi has just released its annual review of sovereign wealth fund direct investment activity. Here’s a few of the interesting takeaways:
SWFs’ direct investments were up significantly in 2011 – there were 15% more transactions worth 42% more than in 2010.The most popular industry for direct investments was financial services, representing 59 of the 237 direct investments last year. (Most of this, however, was due to the needs of domestic banks rather than strategic investments overseas.)……………………………………….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