Archive | June, 2010

1Q10 Linaburg-Maduell Transparency Index ratings

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Norway’s sovereign fund sees sustained volatility

According to the Guardian, “Investors face years of market volatility as governments consolidate their mountains of debt taken on both before and in response to the financial crisis, says the head of Norway’s sovereign wealth fund. Martin Skancke, director general of the Norwegian Ministry of Finance Asset Management Department and responsible for the country’s sovereign […]


Sovereign Wealth Fund Institute – Consensus Demand Meter Q2 Y 2010 (June)

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 Q2 Y2010 (End of June 2010) going forward three months, this Demand Meter indicates how select asset allocations, sectors, and investment strategies rank. […]


Korea Investment Corporation says has gone underweight on euro assets

According to Reuters, ” Korea Investment Authority, South Korea’s $35-billion sovereign wealth fund, has reduced exposure to euro zone equity and fixed income investments and is now underweight on assets in the region, the fund’s top official said on Thursday. “We are very worried about what’s going on in Europe. I don’t think the austerity […]


China’s AgBank Lures 11 Investors Ahead of IPO

The Agricultural Bank of China’s initial public offering (IPO) is on target to be the world’s biggest. The elephantine offering has lured 11 mega institutional investors who allocated US$ 5.45 billion to it. The future Hong Kong listing is rigged between 2.88 HKD and 3.48 HKD. The price range for the Shanghai prospectus has not […]


Orders Top $1B For Bahrain Mumtalakat Bond Debut

According to the Wall Street Journal, “Offers for Bahrain Mumtalakat Holding Co.’s first-ever bond issue are in the range of $1 billion to $1.25 billion, according to a source familiar with the sale. That means the sovereign wealth entity’s debut could be larger than the minimum $500 million benchmark size when it completes on Wednesday. […]


Sovereign Fund of Brazil to Buy Banco Do Brasil Shares

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Qatar Said to Invest $2.8 Billion in AgriBank IPO to Tap Growth – Sources

According to Reuters, “The Qatar Investment Authority, the Gulf country’s sovereign wealth fund, agreed to invest $2.8 billion in Agricultural Bank of China Ltd.’s initial public offering to tap growth in the world’s third-biggest economy. The $58 billion fund signed an agreement with Agricultural Bank on June 17, two people with knowledge of the matter […]


Saudi investor prince meets with Qatar Holding

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China-Invested Noble Buys Stake in U.S. Uranium Supplier USEC

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Hedge Fund Love: Libya Backs Hedge Fund in London

The government of Libya is backing FM Capital Partners with hundreds of millions of dollars.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Qatari Diar Readies $3.5 Billion Bond Issue

Sidenote: More Sovereign Entities are raising debt capital, leverage:  We have seen this also with Mubadala, Temasek, and many other Gulf Sovereign Vehicles. Qatari Diar, a property arm of Qatar’s sovereign wealth fund, will issue a $3.5 billion bond denominated in dollars in the coming weeks with five and 10-year maturities, a source close to […]


Sovereign fund executive attacks buyout firm ‘greed’

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Temasek to invest up to $300 million in China AgBank IPO: source

According to Reuters, “Singapore’s state investment fund Temasek plans to invest up to $300 million in the Agricultural Bank of China, ahead of its roughly $20 billion IPO, a source with direct knowledge of the matter said on Saturday. Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it […]


Colombia Looks to Creating a Sovereign Wealth Fund

Juan Carlos Echeverry, the government head of Colombia’s National Planning Department, is quite the optimist. He believes the country is on the right path. Echeverry is keen on the creation of a sovereign wealth fund. The fund could receive royalties from oil sales worth equivalent to 1% of GDP. The savings would help the country’s […]


GIC to launch $700 million logistics IPO: sources

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Prince Alwaleed Receives Khaldoon Al Mubarak, CEO of Mubadala

According to the press release, “HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud, Chairman of Kingdom Holding Company (KHC) received, and held a meeting with HE Khaldoon Al Mubarak, CEO of Mubadala Development Company (MDC) at HRH’s office in Riyadh. The meeting was attended by a delegation from KHC, Rotana and Mubadala Development Company. […]


India to Pitch Investment Fund Concept to Temasek in Singapore, Nath Says

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CIC’s Wang says portfolio took hit from Euro’s fall

According to Market Watch, “a senior official with China’s massive sovereign-wealth fund said Tuesday that while 2009 was good for the nation’s market investments, this year is proving to be tough, according to reports. In rare public comments, China Investment Corp.’s Executive Vice President Jesse Wang said recent corrections in Western markets had peeled off […]


APFC Board adopts new policies

According to the press release, “The Alaska Permanent Fund Board of Trustees approved new Board Charters and a Governance Policy, as well as an updated Investment Policy at its regular meeting on Wednesday and Thursday. The new documents incorporate a number of existing policies and charters into two streamlined documents that will hold all of […]