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Sovereign Wealth Funds Briefing 13.Oct 2015

Posted on 13 October 2015 by VRS |  Email |Print

The three biggest sovereign wealth funds of oil-producing countries have been selling European equity holdings since May, a study showed on Monday, another sign of petrodollars being withdrawn from world markets. Asian funds have meanwhile continued to add European equities, according to the data from Nasdaq Advisory Services, which provides analysis on shareholder and investor activity.
Since May, the Saudi Arabian Monetary Authority has sold $1.2 billion worth of equities across Nasdaq’s European client base. That accounts for 13 percent of its $9.2 billion holdings in the European companies tracked by Nasdaq………………………………………..Full Article: Source

Posted on 13 October 2015 by VRS |  Email |Print

They’re the largest and most secretive investors in the world but after decades of investing billions in bonds, shares and hedge funds, these investors are now turning into sellers and redeemers. Sovereign Wealth Funds, which control around $US7 trillion of assets largely created out their nations vast mineral riches, are drawing down on their financial wealth as resources decline creating a potentially vicious feedback loop for financial markets.
Last month the Financial Times reported the Saudi Arabia’s sovereign fund, SAMA, had declined by $US73 billion hitting several funds with large redemptions, as the fourth largest fund sovereign fund shrunk by one tenth………………………………………..Full Article: Source

Posted on 13 October 2015 by VRS |  Email |Print

Kuwait’s sovereign wealth fund, one of the world’s largest, is considering selling assets to cover a state budget deficit caused by low oil prices, the country’s al-Anba newspaper reported on Sunday, quoting unnamed sources.
The Kuwait Investment Authority (KIA), which is estimated to have more than $500 billion of assets, is studying whether to liquidate assets that generate annual returns of below 9 percent, the newspaper said. The KIA’s money is invested across the world, from the United States to Europe to China, in various asset classes including bonds, equities and real estate. The newspaper did not specify which asset classes might be sold………………………………………..Full Article: Source

Posted on 13 October 2015 by VRS |  Email |Print

In the largest ever pure technology sector deal, privately held computer hardware giant Dell Inc together with its owners Michael S Dell, MSD Partners and private equity investor Silver Lake will acquire the data storage and cloud computing company EMC Corporation for $67 billion.
Under the terms of the agreement, EMC shareholders will receive $24.05 per share in cash in addition to tracking stock in its subsidiary VMware, which will remain a public traded company. EMC holds 80 per cent stake in VMware………………………………………..Full Article: Source

Posted on 13 October 2015 by VRS |  Email |Print

United States of America Embassy’s Chargé D’Affaires, Bryan Hunt sees it as important that Guyana moves as swiftly as possible to chose and implement a model for the Sovereign Wealth Fund (SWF).He gave many reasons for this among which was the fact that US oil company Exxon Mobil is “rapidly” moving forward with its exploration.
Hunt told Kaieteur News that the US and Canada are working together to help the government of Guyana to promptly move ahead with the fund. “We think that the Sovereign Wealth Fund is important, no questions about that,” said Hunt adding that President David Granger had committed to the implementation of such………………………………………..Full Article: Source

Posted on 13 October 2015 by VRS |  Email |Print

According to the Sovereign Wealth Fund Transaction Database(SWFTD), which tracks direct sovereign fund and pension transactions, wealth funds in the first half of 2015 invested more capital compared to the first half of 2014. In the initial six months of 2015, sovereign funds invested directly US$ 63.4 billion versus 2014’s comparable period figure of US$ 51.9 billion.
In the first half of 2013, these institutional investors directly invested US$ 44.6 billion. Clearly, this shows sovereign funds investing larger amounts of capital directly, despite global low oil prices, a slowdown in China’s economy and price weakness in other global commodities. Some wealth fund target sectors have witnessed noticeable growth. Healthcare investing has become a popular theme for sovereign investors………………………………………..Full Article: Source

Posted on 13 October 2015 by VRS |  Email |Print

From September 29 to October 1, Milan welcomed guests to the 7th annual International Forum of Sovereign Wealth Funds (IFSWF). The event was organized by the Strategic Fund of Italy. The event is taking part against the backdrop of Milan’s hosting of the 2015 World Expo, which began in May and ends at the end of October.
On the first evening, an informal meeting was held on the 25th floor of the Diamond Tower, a new high-rise building in Milan’s business district that was built for the 2015 Expo Milan. This project was supported by several sovereign funds, including Qatar………………………………………..Full Article: Source

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