Wed, May 12, 2021
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 03.Oct 2014

Posted on 03 October 2014 by VRS |  Email |Print

Norway’s $855 billion sovereign wealth fund, the world’s largest, will focus its future real estate acquisitions on booming global cities, its deputy chief said on Thursday. The fund, which owns on average 1.3 percent of all listed companies worldwide, invests 1.2 percent of its holdings in real estate but aims to increase that stake to 5 percent over time.
Some of its properties are located on London’s Regent Street and Savile Row, the Champs-Elysees in Paris and in New York. “We look for cities that are expected to see rising housing prices, that attract talent and people who are willing to pay to live in these cities,” Trond Grande, the fund’s deputy chief, told a business seminar………………………………………..Full Article: Source

Posted on 03 October 2014 by VRS |  Email |Print

China Investment Corp (CIC) and AVIC Capital Co Ltd have ended talks to acquire Avolon Holdings Ltd, making it likely that the aircraft leasing company will pursue an initial public offering, according to people familiar with the matter.
CIC, China’s sovereign wealth fund, and AVIC, a Chinese state-owned aerospace and defense company, were in talks to acquire Avolon for between $4 billion and $5 billion, Reuters reported in August. AVIC subsequently confirmed the discussions, cautioning there was uncertainty over the potential deal………………………………………..Full Article: Source

Posted on 03 October 2014 by VRS |  Email |Print

Investment Corp of Dubai (ICD), the emirate’s sovereign wealth fund, said it is exploring further investment opportunities with Nigeria’s largest cement manufacturer Dangote after purchasing a minority stake in the African group last month.
Dangote Cement, which is listed on the Nigeria Stock Exchange, forms part of the Dangote Group, a diversified conglomerate of African businesses. “We have been looking at Africa for a long time. We are looking to do more business with Dangote and we have some ventures that we are exploring at the moment together,” Mohammed Al Shaibani told an Africa-focussed investment event in Dubai on Wednesday………………………………………..Full Article: Source

Posted on 03 October 2014 by VRS |  Email |Print

In what looks to be the largest funding round for Southern California in a very long while, Los Angeles-based NantHealth, the life sciences and technology firm started by billionaire Dr. Patrick Soon-Shiong, said Wednesday that it has raised a total of $320M in it Series B funding. The company said the round closed with a $250M investment from the Kuwait Investment Authority (KIA).
As part of the funding, the company said it has appointed a number of executives to its team, including naming Steve Curd as its Chief Operating Officer, Laura Beggrow as EVP, Commercialization, and Scott Holbrook to its board………………………………………..Full Article: Source

Posted on 03 October 2014 by VRS |  Email |Print

Qatar’s Barwa Real Estate says it will sell land worth QR2.54 billion ($697.4 million) to the government, marking the latest state assistance which the indebted developer has received. Qatari Diar, the real estate arm of Qatar’s sovereign wealth fund, stepped in with financial aid last year, agreeing to buy some of Barwa’s assets for $7.1 billion.
In exchange for a plot in Lusail City, Barwa received QR1.04 billion ($285 million) in cash, while the government also settled QR1.5 billion ($411 million) of the developer’s bank loans, according to the bourse filing. The size of the plot was not disclosed………………………………………..Full Article: Source

Posted on 03 October 2014 by VRS |  Email |Print

Most Alaskans will receive $1,884 checks Thursday as this year’s share of the state’s oil wealth that’s distributed annually just for living here. The payout from the Alaska Permanent Fund this year is more than double the amount of the $900 dividends distributed in 2013, but short of the record payout of $2,069 in 2008.
The amount of each person’s check is based on a five-year average of the fund’s investment earnings, which have included the recession years. Alaska wasn’t hit as hard by the recession as the Lower 48, but the Permanent Fund Corp. has a diversified portfolio that was clobbered when markets plunged worldwide………………………………………..Full Article: Source

Posted on 03 October 2014 by VRS |  Email |Print

The state has taken another step toward repaying money it borrowed to prop up the education budget during the recession. Gov. Robert Bentley announced today the state will repay $70 million to the Alabama Trust Fund out of funds from fiscal year 2014, which ended Tuesday.
That includes $35 million that was required under the budget passed by the Legislature, plus another $35 million that was conditional on the funds being available. The state borrowed $437 million from the Alabama Trust Fund in fiscal year 2009 to support the education budget and must finish repaying the money next year………………………………………..Full Article: Source

See more articles in the archive

banner
banner
banner
banner
May 2021
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31