Archive | October, 2009

CIC, Mongolia-focused Iron Mining International Ltd. Reach Deal

According to the WSJ, “China Investment Corporation has reached a deal to invest up to $700 million in Mongolia-focused Iron Mining International Ltd., the latest move by the sovereign wealth fund to plow cash into commodities. CIC is rapidly deploying its capital this year to try to catch the upside of a global economic recovery […]


Qatar Holding Said to Consider Joining GE’s Areva Bid

According to Bloomberg, “Qatar may join General Electric Co. and CVC Capital Partners Ltd. in their bid to buy Areva SA’s electricity transmission and distribution unit, two people familiar with the matter said. Qatar Holding LLC, an investment unit of the Persian Gulf country’s sovereign wealth fund, hired New York-based investment bank Evercore Partners Inc. […]


Australia’s Future Fund to Be Probed, Senator Says

Australia’s sovereign wealth fund will be investigated by the nation’s regulator over the sale of Telstra Corp. shares less than a month before a government threat to split the company, said Senator Steve Fielding. The Future Fund said it didn’t have access to private information. The Australian Securities & Investments Commission will investigate whether the […]


China Investment Corporation finances US$500 million convertible debenture to SouthGobi Energy Resources

According to the Press Release, “Alexander Molyneux, President and CEO of SouthGobi Energy Resources Ltd., announced today that SouthGobi will accelerate the development of its Mongolian coal projects through its wholly-owned Mongolian operating subsidiary, Southgobi sands LLC. SouthGobi’s Mongolian investment program during the next three to five years is planned to include: Expansion of the […]


SCIC Invests in Bao Viet Holdings

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France’s FSI Strategic Investment Fund invests in YouTube rival Dailymotion

According to Reuters, “France’s FSI strategic investment fund will take part in a 17 million euros ($25 million) capital raising for web video share site Dailymotion, the Gallic rival of Google Inc’s YouTube. The money raised will be used to accelerate Dailymotion’s expansion, notably abroad, the FSI said in a statement on Thursday. ‘We are […]


Abu Dhabi Investment Authority enters Rio realty with investments in two towers

According to Business 24-7, “Abu Dhabi Investment Authority (Adia) is investing in two towers in Rio de Janeiro, Brazil. Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, who is on a visit to the South American nation, inspected the construction progress of the towers. Earlier in Brasilia, Sheikh Abdullah held talks with Minister of External […]


Mubadala Anticipating Tripling Assets

Abu Dhabi-based Mubadala Development Co., the investment arm of the government of Abu Dhabi, plans to grow its assets 3x over the next five years.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatar Makes $1 Billion by Selling Barclays Shares

According to Bloomberg, “Qatar made 615 million pounds ($1 billion) by selling shares in Barclays Plc a year after it helped bail out Britain’s second-biggest bank. Qatar Holding LLC, an arm of the Doha-based Qatar Investment Authority, sold more than 379 million Barclays shares at 360 pence each, sale manager Credit Suisse AG said today […]


Temasek Holdings Hires Banks to Sell 10-Year Bonds in Dollars

According to Bloomberg, “Temasek Holdings Pte, Singapore’s government-owned investment company, hired Deutsche Bank AG, Goldman Sachs Group Inc. and Morgan Stanley to help it sell 10-year bonds in U.S. dollars. The sale will be benchmark, Temasek said in a stock market filing today, without being more specific about the size. Benchmark typically means at least […]


China Investment Corporation Invests in Nobel Oil Group – Another Commodity Investment

According to the China Investment Corporation, “CIC has completed the settlement for its Phase I investment in 45% of the equity in Nobel Oil Group (“Nobel”) based in Russia. HongKong’s Oriental Patron has acquired 5% equity stake. The original Russian shareholders maintain their 50% stake. CIC has agreed to invest US$ 300 million in aggregation […]


International Far Eastern Leasing Receives Investment From KKR, GIC SI and CICC

According to the press release, “An investor consortium comprising affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), GIC Special Investments Pte. Ltd. (GIC SI) and China International Capital Corporation Limited (CICC) announced an investment of $160 million for a significant minority stake in International Far Eastern Leasing Company Ltd. (Far Eastern), the leading provider […]


Libyan nominated for seat on Juventus board

According to USA Today, “Libyan Arab Foreign Investment Company representative Khaled Fareg Zentuti has been nominated for a seat on Juventus’ board of directors. LAFICO owns a 7.5 percent stake in Juventus, which is publicly traded, and had a seat on the board until 2003 when Al Saadi Gadhafi, the son of the Libyan leader, […]


According to the IMF: Mideast oil exporters’ foreign reserves to rise

According to the AP, “Oil exporters in the Middle East and North Africa region are expected to increase their international reserves by over 100 billion dollars in 2010 as oil prices rebound, the IMF said on Sunday. The rebuilding of reserves will help governments of the region maintain public spending, which has mitigated the impact […]


Sovereign Wealth Fund Institute – Consensus Demand Meter Q3 Y 2009 (September)

The Sovereign Wealth Fund Institute – Consensus Demand Meter is an innovative indicator to track what sovereign wealth funds are demanding in the next three quarters from that relative start date. For Q3 Y2009 (End of September 2009) going forward three months, this Demand Meter indicates how select asset allocations, sectors, and investment strategies rank. […]


Norway Oil Fund Asks VW to Call Off Porsche Takeover

According to Bloomberg, “Norway’s $445 billion oil fund demanded that Volkswagen AG, Europe’s largest automaker, cancel its merger with Porsche SE, saying the deal favors the German sports-car manufacturer’s family owners. The proposed transactions are unacceptable as they “leave the impression of being designed to suit the needs of the Porsche controlling families,” Norges Bank […]


Khazanah, ADIC, and Brunei Investment Agency to invest in Fajr Capital

According to the Press Release, “Khazanah Nasional Berhad (“Khazanah”) is pleased to announce that it has committed to invest USD150 million (RM525 million) to acquire a 25% stake in Fajr Capital Limited (“Fajr Capital”), a Dubai-based Islamic investment firm. The acquisition was completed with the conclusion of Fajr Capital’s first round of funding with commitments […]


Singapore Wealth Fund Says Investments Fell 20% in Year

The Government of Singapore Investment Corporation (GIC) mentioned on Tuesday that its investments plummeted more than 20% in the year ending March. The fund has recovered more than 50% of the loss during the market rally since then. The GIC is larger than its sovereign wealth neighbor fund, Temasek Holdings. The GIC had a negative […]


Olam International increases 7-Year Bond Issue by $US 100 million to raise a total of $US 500 million

According to the Press Release, “Olam International Limited (“Olam” or the “Company”), a leading global, integrated supply chain manager of agricultural products and food ingredients, today announced that after the successful launch of Convertible Bonds to raise US$400 million on 2 September 2009, it has increased the issue size of its recently launched 6.00 per […]