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Sovereign Wealth Funds Briefing 14.Dec 2015

Posted on 14 December 2015 by VRS |  Email |Print

The manager for Norway’s sovereign wealth fund has bemoaned the smaller scale of infrastructure projects in developing nations after a report to the government called for it be allowed to invest in the asset class.
Noting that infrastructure assets in emerging markets and developing economies present additional challenges not found in OECD countries, a discussion note released by Norges Bank Investment Management (NBIM) nevertheless emphasises that the less mature markets represent “interesting investment opportunities for investors willing and able to take on these additional risks”………………………………………..Full Article: Source

Posted on 14 December 2015 by VRS |  Email |Print

Firstly, Bahrain’s sovereign wealth fund, Mumtalakat, announced a fresh set of funding plans for the metal industry during the month. ver two consecutive days, reports stated Mumtalakat would invest in Spanish materials producer, Aleastur, as well as form a joint venture with India’s Synergies Castings.
In a Reuters report dated 17 November, Joseph Kirikian, head of industries and services at Mumtalakat, said the Aleastur investment comes in light of the Spanish company’s expansion plans. “We are taking a minority stake and helping the company to expand into the Gulf,” Kirikian said………………………………………..Full Article: Source

Posted on 14 December 2015 by VRS |  Email |Print

Saudi Arabia’s government is expected to announce spending cuts and a drive to raise revenue from new sources as it lays out a strategy to cope with an era of cheap oil, people familiar with Saudi policy-making said.
Increasing non-oil exports would happen only slowly, so Riyadh should also consider introducing new policies to preserve its foreign assets and create a sovereign wealth fund to increase returns on them……………………………………….Full Article: Source

Posted on 14 December 2015 by VRS |  Email |Print

There is seems no end to the bad news coming out of Libya. UN-led negotiations to unite the divided country — it has two parliaments, two governments, two militia coalitions that have been competing for control of a rapidly failing state since summer 2014 — are stalling. Fighting continues apace in Benghazi, the city that was the first to rebel against the rule of Muammar al-Gaddafi in 2011 and is now a byword for extremism.
The assets of the Libyan Investment Authority, the sovereign wealth fund that owns shares in businesses (including the Italian football club Juventus) and real estate across Europe, are being fought over in courts by the rival governments………………………………………..Full Article: Source

Posted on 14 December 2015 by VRS |  Email |Print

A Chinese consortium comprising sovereign wealth fund China Investment Corp., or CIC, will take a 65% stake in Kumport, Turkey’s third-largest container port. CIC Capital along with China Merchants Holdings (International) and Cosco Pacific have established a special-purpose company to make the acquisition.
Cosco Pacific parent China Ocean Shipping (Group) holds a stake in the port of Piraeus, in nearby Greece………………………………………..Full Article: Source

Posted on 14 December 2015 by VRS |  Email |Print

In line with the release of the 2015 Preqin Sovereign Wealth Fund Review in April 2015, we found that AUM for sovereign wealth funds globally reached $6.31tn as at March 2015 – increasing by more than $900bn in 18 months. This is despite falling commodity and oil prices, which many of these institutions rely on for funding. Assets therefore grew from continued funding from reserves and governments, as well as from investment returns.
Alternative assets are an increasingly important part of these institutions’ portfolios, particularly as they seek to diversify their portfolios and acquire assets that can generate yield and help meet their long-term objectives. As at December 2015, total assets for sovereign wealth funds that are looking to invest in private equity stands at $6.0tn………………………………………..Full Article: Source

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