Sat, Aug 13, 2022
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 04.Nov 2014

Posted on 04 November 2014 by VRS |  Email |Print

Slyngstad hopes to broaden the sovereign fund’s asset mix to include infrastructure and private equity amid plunging interest rates. Once a year, the man running the world’s biggest sovereign wealth fund travels around China for a week.
Though assets from that country only make up about 1.5 per cent of the US$860 billion Norwegian wealth fund’s portfolio, Yngve Slyngstad, its chief executive, says almost all investment decisions are affected by what happens in China………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

Norway’s $860 billion Sovereign Fund, also the world’s largest wealth fund, is set to increase its holding of Indian Stocks and Bonds to 0.9% of its fixed-income and equities portfolio.
India’s benchmark S&P BSE has surged over 32% this year with the country emerging as the most promising emerging market for the year. With a majority sweep in the recent elections in the world’s largest democracy, newly elected Prime Minister Narendra Modi has made sure to restore India’s economic growth and make the country a lucrative investment option………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

SOFAZ Executive Director met with Hungarian delegation led by Minister of Foreign Affairs and Trade, Mr. Szijjártó, APA reports. Shahmar Movsumov, the Executive Director of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) met with a Hungarian delegation led by Minister of Foreign Affairs and Trade, Mr. Szijjártó on November 3, 2014.
The current economic relations between Azerbaijan and Hungary, development perspectives of these relations, SOFAZ’s investment opportunities in this country were discussed at the meeting………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

Singapore’s two state-backed investors, Temasek and GIC, together accounted for 60 per cent of the $23bn in cross-border deals by the world’s sovereign wealth funds in the first half of this year as they made bets in sectors ignored by their rivals.
The findings, in a quarterly survey by the Sovereign Wealth Centre, highlight how Singapore is emerging as one of the boldest investors with increased direct investments in key sectors, while Asian rivals have pulled back from doing big strategic equity deals………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

NZX-listed Goodman Property Trust has sold a 49% stake in its Viaduct Harbour developments to a Singapore’s sovereign wealth fund. The move has been slammed by NZ First leader Winston Peters who says New Zealand’s own superannuation fund should be taking up such investments.
Goodman Property describes the move as a joint venture thaat may grow to $500 million eventually. The partnership will initially own a portfolio of assets valued at $313 million………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

After clocking in an ultra-busy month in October, Singapore’s sovereign wealth fund GIC could be keeping up the shopping pace this month. On Monday, the state-linked fund with over US$100 billion of assets under management, revealed its maiden property foray into New Zealand by tying up with Goodman Property Trust (GMT) to co-invest in Auckland’s rapidly developing Viaduct Quarter.
The pact, with one of New Zealand’s largest listed property investor by market value, includes GMT’s existing viaduct property interests. GMT is managed by Goodman (NZ) Ltd………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

The New Zealand Superannuation Fund is defending its investment decisions, saying it is putting more money than ever into domestic investments. A Singapore government fund has struck a multi-million dollar deal for a stake in buildings on Auckland’s waterfront, prompting the Property Council to suggest the Superannuation Fund’s focus is offshore and IT should invest more in domestic commercial property.
But the Fund says the amount it has invested in New Zealand grew from $2.4 billion in 2009 to $3.8 billion in September. It says it has a highly disciplined approach to selecting the best investment opportunities for its purpose, which is to maximise long-term returns without undue risk………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

A lawmaker has raised questions over 1Malaysia Development Bhd (1MDB) move to appoint a little-known Hong Kong based firm to manage its US$2.3 billion, or RM7.4 billion, funds.
Rafizi Ramli (PKR - Pandan) said the sovereign fund’s move to appoint Bridge Partners raised eyebrows, as very little information is known about the company. “This is a pertinent matter because RM7.4 billion worth of public money is managed by a company not subjected to our laws……………………………………….Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

Putrajaya must clarify questions surrounding fees paid for 1 Malaysia Development Bhd’s (1MDB) fundraising after the sovereign wealth fund and investment banker Goldman Sachs gave conflicting explanations, a DAP lawmaker said.
Petaling Jaya Utara MP Tony Pua said this was necessary given the billion-ringgit scale involving the allegations on the fees paid, which he previously said was a magnitude more than those usually charged. “The answers provided by Goldman Sachs and 1MDB are in direct conflict with one another. “The conflict is even more frightening given the multi-billion ringgit scale of the exercise,” Pua said………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

There has been a significant increase in the number of sovereign wealth funds (SWFs), especially in Africa over the last decade. An SWF is a state-owned investment fund composed of financial assets such as stocks, bonds, real estate, or other financial instruments funded by foreign exchange assets.
There are currently 51 SWFs with combined assets in excess of US$4 trillion. The Abu Dhabi Investment Authority (Adia) is the largest SWF with assets in excess of US$620 billion. Adia was established in 1976 to manage excess earnings from the oil sector………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

Bahraini sovereign fund Mumtalakat has set up separate bond and sukuk issuance programmes in the Irish stock exchange to raise as much as $1 billion, to help refinance maturing debt next year.
One of the smaller sovereign wealth funds in the Gulf region, Mumtalakat holds stakes in several firms in the kingdom’s non-oil sector, including Bahrain Telecommunications Co and Aluminium Bahrain………………………………………..Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

Alaska’s sovereign wealth fund is looking to build a larger European real estate portfolio after buying 50% of two shopping centres in Spain and Portugal in a €280m deal with French Immochan as part of a new strategic partnership, says its CEO.
“We are excited about the opportunity to team up with Immochan in our first high quality retail acquisitions in Spain and Portugal,” said Mike Burns, CEO of the Alaska Permanent Fund in a release. “We look forward to expanding this strategic partnership as we work to build out our portfolio across the region.”……………………………………….Full Article: Source

Posted on 04 November 2014 by VRS |  Email |Print

Sovereign wealth funds (SWFs) across Asia and the Middle East, which count themselves among the world’s top institutional investors, are failing when it comes to transparency and governance, a new report said. Switzerland-based political risk researcher GeoEconomica evaluated 31 major SWFs, holding assets worth a combined US$4 trillion, against the Santiago Principles; a globally accepted voluntary code of governance and financial disclosure.
The GeoEconomica report found eight SWFs to be fully-compliant with the Santiago guidelines. These included: the Petroleum Fund of Timor-Leste; Australia’s Future Fund; the New Zealand Superannuation Fund; and Norway’s Government Pension Fund Global………………………………………..Full Article: Source

See more articles in the archive

banner
banner
August 2022
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031