Archive | March, 2010

Future Fund Analyzes Macquarie’s Airport Fund Interest

Australia’s Future Fund is questioning on whether to acquire Macquarie Group’s 23.2% stake in airports fund MAP Group. Macquarie is shopping around, seeking a price of A$ 1.5 billion for the interest in the fund. Transportation infrastructure is gaining in popularity among the large sovereign wealth funds and pensions. Infrastructure as an Asset Class Over […]


Qatar Leaders Confirm Interest in Acquiring Stake in Areva

According to BusinessWeek, “Two top Qatari leaders said the country is interested in buying a stake in French nuclear power producer Areva SA. Qatar plans to invest in Areva as soon as the two parties reach an agreement, Qatar Investment Authority board member Hussain al-Abdulla and Minister of State for Energy Mohammed al- Sada said […]


China Huijin applies for $50 billion government injection according to paper

According to Reuters, “China Central Huijin Investment Ltd., the domestic arm of China’s sovereign wealth fund, has applied for a $50 billion cash injection from the Chinese government, the National Business Daily said on Wednesday. China Investment Corp (CIC), parent of Huijin, has submitted an application for cash aid to the State Council, the country’s […]


Abu Dhabi Investment Authority revamps website and sheds some more light

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China Investment Corp to Augment Private Equity Allocation

The China Investment Corporation sees opportunity in growing its private equity allocation. The CIC sees many companies as being undervalued and in need of capital, post global financial crisis. The US$ 300 billion wealth fund has been hiring private equity professionals from the private sector. Last year, the CIC had double digit returns on it […]


China still studying new CIC capital injection

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China Investment Corporation: Greece is EU responsibility

According to MarketWatch, “China’s sovereign wealth fund said responsibility for any potential bailout of Greece should fall primarily on the European Union, marking the first official comments by the fund since reports in January that it was considering the purchase of Greek debt. China Investment Corp. Executive Vice President Jesse Wang said helping Greece wasn’t […]


Sovereign Wealth Fund Institute – Consensus Demand Meter Q1 Y 2010 (March)

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KIC to Invest 100 Million in IFC Private Equity Fund

The Korea Investment Corporation (KIC) will invest US$ 100 million in a private equity fund managed by the International Finance Corporation (IFC) which is part of the World Bank. The private equity vehicle is called the IFC African, Latin American and Caribbean Fund. The KIC, along with Dutch-based pension PGGM and a Middle Eastern sovereign […]


Facing $5 Billion in Paper Loss, GIC Converts UBS Notes

Singapore’s sovereign wealth fund converted its UBS notes into ordinary shares, getting hit with a paper loss of approximately US$ 5 billion. The Government of Singapore Investment Corporation allocated 11 billion CHF (US$ 10.22 billion) in mandatory convertible notes in UBS AG. The investment was used to support the Swiss financial giant during the global […]


Norway Gives Approval for Oil Fund to Buy Real Estate

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Influence of the Future Fund

According to the Australian, “Future Fund boss Paul Costello has performed well in his three years at the helm but still seems blissfully unaware of the fund’s impact on the stockmarket. In a luncheon address at the Melbourne Financial Services Symposium, Costello noted some of the recent weakness in Telstra’s stock price was sheeted back […]