Archive | December, 2009

US, Chinese funds to take part in Rusal IPO: report

Taipei Times reports, “A US-British asset management giant and a Chinese sovereign wealth fund have agreed to take part in the Hong Kong initial public offering (IPO) of the world’s largest aluminum producer, UC Rusal, a report said yesterday. Black Rock and China Investment Corp (CIC) have given their initial agreement to take part in […]

BlackRock, GIC and First Reserve Buy Bonds from Glencore

Global commodity trader Glencore International AG sold nearly US$2.2 billion of convertible bonds to institutional investors including BlackRock Inc. Analysts predict this is a key step toward an initial public offering. Other bond buyers include overnment of Singapore Investment Corporation, First Reserve Corporation and Zijin Mining Group Co – China’s #3 copper producer. Glencore is […]

Australia Future Fund on track to become the Australia’s biggest landlord

Australian Business reports, “In 2020, the Future Fund will be Australia’s biggest property landlord as the $67 billion listed property trust sector cedes its dominance to big sovereign wealth funds and super fund investors. Among other big trends, the property industry will be grappling with population growth, an ageing population, climate change and the challenge […]

ADIA Wants to Get Out of Citi Deal or Will Seek $4 Billion in Damages

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Sovereign Wealth Fund Institute – Consensus Demand Meter Q4 Y 2009 (December)

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 Q4 Y2009 (End of December 2009) going forward three months, this Demand Meter indicates how select asset allocations, sectors, and investment strategies rank. […]

Abu Dhabi Investment Authority takes stake in Hyatt Hotels

According to the AP, “Abu Dhabi’s biggest sovereign wealth fund has bought more than 10 percent of the Hyatt Hotels Corp. shares floated by the iconic hotelier last month. Chicago-based Hyatt disclosed the sale Monday in a filing with the U.S. Securities and Exchange Commission. The deal was made public on the same day oil-rich […]

Australia’s Sovereign Wealth Fund May Seek to Join Canada Fund’s Transurban Bid

Australia’s Future Fund is keen on infrastructure, seeking to deploy cash. The sovereign wealth fund is tempted to join two major Canadian public funds in a A$ 6.8 billion (US$ 6.2) billion bid for Transurban Group, a giant toll road operator. The Future Fund is in key talks with the Canada Pension Plan Investment Board […]

EQT and GIC acquire Springer from Cinven and Candover

According to the Press Release, “The Board of Directors of Springer Science+Business Media (Springer Group), composed of Springer executives and representatives of Cinven and Candover, have agreed to accept an offer from and have signed a sales agreement with a partnership of EQT, a private equity investor based in Sweden, and GIC, a Singapore-based co-investor, […]

Kuwaiti sovereign wealth fund sells stake in Citigroup for $1.1bn profit

Kuwait’s Sovereign wealth fund has made a profit of $1.1 billion (€739 million) after selling its 5 per cent stake in Citigroup for $4.1 billion less than two years after acquiring preference shares in the largest US bank during the global financial crisis. Kuwait Investment Authority (KIA) converted preferred stock in Citigroup that it purchased […]

Abu Dhabi Investment Authority Shares Profits From Parking Meters

According to the NY Times, “When Mayor Richard M. Daley traveled to Abu Dhabi in February, his office announced that the trip was intended to sell Chicago as a place to do business. Left unsaid was that that Persian Gulf emirate was about to become one of the biggest investors in a deal to lease […]

China wealth fund may put $1.2 billion into Apax fund: report

As part of the investment, CIC will buy a 2.3% stake in the private-equity group’s management company, Apax Partners Worldwide LLP, which is one of the largest of its kind in Europe, the Financial Times reported, without citing sources. The move shows China is still eager to invest abroad, even though it has been stymied […]