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Sovereign Wealth Funds Briefing 24.Nov 2015

Posted on 24 November 2015 by VRS |  Email |Print

Alaska Permanent Fund Corp., Juneau, returned -4.4% for the quarter ended Sept. 30, ahead of its -5.5% benchmark, said a news release from the $50.5 billion sovereign wealth fund. Falling global equity markets drove much of the decline in the fund’s first quarter of its fiscal year.
Domestic equities returned -7.7% for the quarter; international equities, -12.9%; and global equities, -8.8%. Top performers included private equity and real estate, which returned 5.5% and 3.8%, respectively. U.S. bonds were relatively flat at 0.2%. International bonds, infrastructure and absolute return were slightly negative, returning -1.6%, -0.5% and -1.7%, respectively………………………………………..Full Article: Source

Posted on 24 November 2015 by VRS |  Email |Print

Rwanda’s sovereign wealth fund, Agaciro Development Fund (AgDF), will diversify its investment portfolio to venture into different sectors of the economy to maximise returns, Amb Claver Gatete, the Minister for Finance and Economic Planning, has said.
“We have been investing in Treasury bonds and bank deposits, but now we want to diversify into other sectors as we believe that will help us to maximise returns and grow the Fund,” he said while receiving Rwf10 million contribution from MTN Rwanda in Kigali. Government bonds and short-term bank deposits earn the Fund an annual interest of between eight and 12 per cent………………………………………..Full Article: Source

Posted on 24 November 2015 by VRS |  Email |Print

Qatar Investment Authority (QIA) and Ascott’s Serviced Residence Global Fund are set to invest US $137 million in assets in Paris and Tokyo. The fund has acquired two prime properties in Paris and Tokyo for $104 million, adding Citadines Suites Champs-Élysées Paris – former private residence of Hennessy family – and Somerset Shinagawa Tokyo to the portfolio.
A further investment of $33 million will convert the office building in Paris into a luxury serviced residence, and will embark on asset enhancement to reposition the serviced residence in Tokyo, bringing the total investment to $137 million………………………………………..Full Article: Source

Posted on 24 November 2015 by VRS |  Email |Print

A Malaysian government-investment fund struggling to dig itself out of a heavy debt load sealed a $2.3 billion deal to sell a collection of energy assets to a Chinese state-owned firm. China General Nuclear Power Corp. is purchasing all of the energy assets of 1Malaysia Development Bhd., or 1MDB, for 9.83 billion Malaysian ringgit ($2.3 billion) in cash.
Those assets, known as Edra, consist of 13 power plants across five countries from Malaysia to Egypt and Bangladesh. China General Nuclear will also assume an unspecified amount of debt as part of the deal………………………………………..Full Article: Source

Posted on 24 November 2015 by VRS |  Email |Print

Singapore’s sovereign wealth fund GIC will be looking to increase its exposure to the UK property market particularly in commercial real estate. A state investment major, GIC is one of the wealthiest global state funds with its real estate arm owning properties across 40 countries, overseen by 150 employees in nine offices.
In a report by the Wall Street Journal, Goh Kok Huat, COO and president of real estate at GIC, said, “We are not pulling back from the U.K. We are still open for business.” Spoken on the sidelines of the IPD/IPF Property Investment Conference, Goh expressed interest in increasing GIC’s holdings in London, given that the UK property market has become a focal point for global investors hunting for yield amid low interest rates………………………………………..Full Article: Source

Posted on 24 November 2015 by VRS |  Email |Print

Norges Bank Investment Management has acquired a 44 per cent share in a property portfolio in New York City on behalf of the Government Pension Fund Global.
The portfolio comprises of 11 office properties, in a joint venture with Trinity Wall Street. It cost US $1.56bn (€1.47bn), with the total value of the portfolio at US $3.55bn (€3.33bn) and gives the fund a 75-year ownership interest. The binding agreement was signed 20 November 2015 and is expected to close before year-end 2015………………………………………..Full Article: Source

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