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Sovereign Wealth Funds Briefing 10.Nov 2016

Posted on 10 November 2016 by VRS |  Email |Print

Norway’s $869-billion sovereign wealth fund, the world’s biggest, will not change its U.S. investment strategy following the election of Donald Trump as president, the head of Norway’s central bank, which manages the fund, told Reuters on Wednesday.
“No, we don’t make that sort of connection. The oil fund is a long-term investor. Our perspective goes beyond eight years and we don’t have any particular view on how the outcome of the presidential election impacts the economy,” Governor Oeystein Olsen said in an interview………………………………………Full Article: Source

Posted on 10 November 2016 by VRS |  Email |Print

Kirill Dmitriev, the head of Russia’s sovereign wealth fund, said on Wednesday he believed Donald Trump’s presidential victory would reduce geopolitical confrontations. “A less confrontational U.S. foreign policy will unlock major opportunities for joint (Russia-U.S.) trade and investment,” Dmitriev, head of the Russian Direct Investment Fund, said in a statement.
Dmitriev said he believed financial markets would recover quickly “just as they did after the Brexit vote.”……………………………………..Full Article: Source

Posted on 10 November 2016 by VRS |  Email |Print

Fullerton Fund Management, the Singapore-based asset manager backed by Temasek Holdings, said chief executive officer Manraj Sekhon has left the firm.
The decision was announced by the Fullerton board on Tuesday and is with immediate effect, the investment firm said yesterday in an e-mailed response to Bloomberg queries. Sekhon, who also served as chief investment officer, had been in his role for more than five years………………………………………Full Article: Source

Posted on 10 November 2016 by VRS |  Email |Print

The Hong Kong Monetary Authority (HKMA) said on Wednesday that market volatility is expected to persist in the near term until there is more clarity about the policy stance of the new U.S. Administration.
The U.S. residential election suggests that Donald Trump is on course for a win, triggering significant volatility in financial markets, Norman Chan, the chief executive of the HKMA said in an email response to media. Shortly after Chan’s email, Democrat Hillary Clinton called Trump to concede a stunning upset win for Trump, U.S. TV networks reported………………………………………Full Article: Source

Posted on 10 November 2016 by VRS |  Email |Print

Korea Investment Corporation (KIC) and the Teachers’ Pension will invest in a U.S. warehouse portfolio fund for an undisclosed sum, in their first joint investment since the two South Korean funds reached a tentative agreement last year to seek overseas deals together.
The pension fund for South Korea’s private school personnel said on Nov. 8 that it and the KIC will put money in the warehouse fund which has 32 warehouse properties in key distribution centers in central, eastern and western parts of the United States, managed by a U.S. real estate investment firm………………………………………Full Article: Source

Posted on 10 November 2016 by VRS |  Email |Print

Malaysian Prime Minister Najib Razak is apparently US president-elect Donald Trump’s golfing buddy and “favourite Prime Minister”. Given the ties between the two men, some observers expect the relationship between Muslim-majority Malaysia and the US to remain good despite Trump’s anti-Muslim rhetoric during his bitterly fought campaign.
“Next to the prime minister’s chair in his office is a photo of him and Trump. It is signed by Trump with the words “To my favourite Prime Minister”, a Malaysian government source told This Week in Asia. “They are golfing buddies,” he said, adding the picture was taken “not too long ago”………………………………………Full Article: Source

Posted on 10 November 2016 by VRS |  Email |Print

Investcorp is considering a US$2.5 billion private equity deal and plans to launch two funds next year as the Bahrain-listed company seeks to boost its assets. The alternative investment company is also planning to cooperate with UAE partners such as Mubadala, said Mohammed Alardhi, Investcorp’s chairman.
Mubadala will become the biggest single investor in Investcorp after it agreed in July to buy a 20 per cent stake. “We are increasing our investor base so we can continue to grow our offerings,” said Mr Alardhi………………………………………Full Article: Source

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