KazMunaiGaz National Co., Kazakhstan’s state energy producer, paid 142 billion tenge ($947 million) in 2011 dividends to the sovereign wealth fund Samruk- Kazyna, its owner.
KazMunaiGaz paid 293.35 tenge a share on Sept. 14, the Astana-based oil and gas producer said today in a statement on the Kazakhstan Stock Exchange website. The company’s 484 million ordinary shares are all held by Samruk-Kazyna, according to the bourse’s website………………………………………..Full Article: Source

Slovenian lawmakers probably will approve the creation of a sovereign-wealth fund and pass legislation on bank stability as the former Yugoslav republic intensifies efforts to avoid an international rescue.
Lawmakers gather in Parliament today to approve creation of a wealth fund designed to manage assets valued at more than 10 billion euros ($12.8 billion). They will also vote on a plan to exchange as much as 4 billion euros worth of state-backed bonds for banks’ non-performing loans, while banks would get an additional capital boost of as much as 1 billion euros from the government, according to Finance Minister Janez Sustersic………………………………………..Full Article: Source

The China Investment Corporation (CIC), the nation’s sovereign wealth fund, announced Thursday that the annualized yield of its overseas investment stood at 3.9 percent since it was founded five years ago.
The company said the result showed that the corporation has maintained and increased the value of the nation’s foreign exchange reserves amid fluctuating global financial markets………………………………………..Full Article: Source

China’s sovereign wealth funds are due to undergo a host of changes, as they continue to strengthen their offshore presence. Against growing headwinds, China Investment Corp, the National Council for Social Security Fund and the State Administration of Foreign Exchange have each managed to maintain positive growth of their domestic assets since 2009, and all three have cemented positions among the top fifteen SWFs globally in terms of assets.
While the three major funds have undergone rapid development in recent years, diversifying their onshore allocations and expanding their presence and investment spread internationally, Shanghai-based Z-Ben Advisors says in its China Sovereign Wealth Funds Report 2012, that a slew of more fundamental changes are on the horizon………………………………………..Full Article: Source

Temasek Holdings would likely rake in more than S$2 billion in profit if it sold its 18 per cent stake in Britain’s Standard Chartered Bank at current prices, a tidy return on an investment which had come in for some criticism.
The government-owned company, which has assets of around S$200 billion, initially got into StanChart in 2006 by taking over the entire stake, amounting to just under 12 per cent, owned by the late hotel and banking billionaire Khoo Teck Puat for some S$6.5 billion………………………………………..Full Article: Source

How should Alberta spend its 30-year-old $16-billion Alberta Heritage Savings Trust Fund? That’s the question the government is asking Albertans to answer at a public meeting on Oct. 3.
“It is important that Albertans take the time to be part of conversations affecting Alberta’s financial future,” Dave Quest, MLA for Strathcona-Sherwood Park and chair of the Standing Committee on the Alberta Heritage Savings Trust Fund, said in a statement. “At the upcoming public meeting we’ll be seeking direction from participants as to what the next generation of the Heritage Fund should look like.”……………………………………….Full Article: Source

The National Pensions Reserve Fund was overcharged of more than €3 million by London-based financial services firm State Street Bank Europe, the report of the Comptroller and Auditor General has revealed.
The State body, which comes under the remit of the National Treasury Management Agency, discovered the overcharging offence, which took place between February and May last year, last October. It has since recouped the €3.2 million owed to it. The NTMA learned of the incident after reading media reports of the departure of two SSBE executives in October………………………………………..Full Article: Source

The State Oil Fund of Azerbaijan (SOFAZ) is starting to invest in real estate in Turkey, a Turkish government source reported to Trend. “The State Oil Fund is currently considering proposals. Commercial office property in the country’s private sector is particularly preferred,” the source said.
He said SOFAZ is considering the purchase of property in Istanbul. However, the expansion of investments in property located in other Turkish cities is also possible in future………………………………………..Full Article: Source