Sun, May 22, 2022
A A A
Welcome mteam
RSS
Sovereign Wealth Funds Briefing 10.Nov 2015

Posted on 10 November 2015 by VRS |  Email |Print

The Abu Dhabi Investment Authority is considering the closure of its London office. “Adia is proposing to close its London office. This has no impact on our investments in, and commitment to, the UK, which will continue as before,” a spokesman for the fund said on Monday. The decision is expected to affect fewer than 20 jobs, Sky News reported.
“Insiders” said that the move was unrelated to the oil price slump and was instead motivated by a review of the fund’s operations, which had concluded that the London office was “non-core”. Adia ranks second behind Norway as the largest fund in the world, according to the Sovereign Wealth Fund Institute. In June, Adia said that its long-term returns last year rose as world equity and bond markets climbed amid low interest rates and a recovering global economy………………………………………Full Article: Source

Posted on 10 November 2015 by VRS |  Email |Print

Abu Dhabi Investment Authority, the world’s second largest wealth fund, is planning to close its office in London. The decision won’t impact the fund’s investments and commitment to the U.K., a spokesman for the fund said in e-mailed comments Monday.
ADIA ranks second behind Norway as the largest such fund in the world at $773 billion, according to the Sovereign Wealth Fund Institute. ADIA itself doesn’t disclose assets under management. The fund has been investing the emirate’s oil wealth since 1976 and counts on external fund managers to manage about 65 percent of its assets………………………………………Full Article: Source

Posted on 10 November 2015 by VRS |  Email |Print

Norway’s sovereign wealth fund has made the case for tripling its target for real estate investment to 15% of its $854 billion portfolio. Norges Bank Investment Management (NBIM)—which manages the Norway Government Pension Fund Global—published two research papers on Friday detailing the case for expanding its investments in property.
In one paper, “The Diversification Potential of Real Estate”, the fund’s staff analysed 30 studies into real estate allocations. The median allocation recommended by the 30 studies was 15%. “The vast majority of academic studies come to the conclusion that adding real estate does improve the risk-return profile of a mixed asset portfolio,” the fund said………………………………………Full Article: Source

Posted on 10 November 2015 by VRS |  Email |Print

Norway’s US$860 billion sovereign wealth fund may invest more than US$4 billion in property worldwide this year, breaking the record it set last year, its chief executive said, as the fund builds up its portfolio of real estate.
The fund invests Norway’s revenues from oil and gas production in stocks, bonds and property. The latter - mostly commercial real estate - represented 3 per cent of the fund’s total value at the end of the third quarter but will reach 5 per cent over time. Last year, the fund invested a record 36 billion crowns (HK$32.1 billion) in net real estate purchases, CEO Yngve Slyngstad told a seminar on Friday, and may be on track this year to do more………………………………………Full Article: Source

Posted on 10 November 2015 by VRS |  Email |Print

China International Capital Corp (CICC) shares jumped up to 11 percent in their Hong Kong debut on Monday, as investors snapped up China’s oldest domestic investment bank on optimism over mainland equity activity despite this year’s market rout.
CICC’s strong start was helped by China’s decision on Friday to resume IPOs after a four-month halt, a move likely to boost investment banks’ revenues, and sets a positive benchmark for a host of other companies queued up to list. “The timing of the reopening had been a closely monitored exercise by the market. There are hundreds of companies keen to go public,” said Ringo Choi, Asia-Pacific IPO leader at consulting firm EY in Hong Kong………………………………………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