Archive | July, 2010

Pre-Order SWF Asset Allocation Report 2010 – TODAY

Pre-Order Today and Save Money. Release Date: Beginning of September 2010 Save 15% for non-SWFI Subscribers or Save 45% for SWFI Subscribers off the original price of US$ 850 when you Pre-Order before August 31, 2010. Maintaining intelligence on sovereign wealth fund asset allocation is essential for all fund managers, firms seeking capital, investment advisors, […]

FSI invests EUR 20 Million in Cerenis Therapeutics

According to the press release, “Cerenis Therapeutics SA (Cerenis), a biopharmaceutical company specializing in the research and development of novel therapies based on the metabolism of HDL (the “good” cholesterol) to treat cardiovascular and other metabolic diseases, announced today it has raised €40 million in the first close of its series C financing. In this […]

GIC Says Risk of Shocks May Trigger World Recession `Sooner Than Expected’

According to Bloomberg, “The global rebound is “fragile” and shocks could push the world toward another recession, according to Government of Singapore Investment Corp., manager of more than $100 billion of the nation’s foreign reserves. Risks to the global recovery have increased due to Europe’s debt turmoil, continued deleveraging in the U.S. and protectionist pressures, […]

Kuwait, Brazil agree on establishing joint investment company

According to the Kuwait News Agency, “Kuwait and Brazil agreed on establishment of a joint investment company, said Board Member of Kuwait Chamber of Commerce and Industry (KCCI) Sayer Al-Sayer here. Al-Sayer said late on Saturday, after a banquet held by Brazil’s President in the honor of His Highness the Prime Minister of Kuwait Sheikh […]

Reasons Why Some SWFs Are Raising Private Capital

We have all witnessed the trend of some sovereign wealth funds raising private capital or creating sovereign wealth enterprises to act as an investment manager for private funds.  This article is to bring some clarity on why a number of funds are doing this.  With Mubadala raising US$ 1.85 billion in medium term notes, Temasek […]

China Wealth Fund May Report Record Earnings for 2009 as Markets Recovered

China’s sovereign wealth fund is set to post its best yearly gain in 2009 after stepping up investments in commodities to ride a rebound in global markets. China Investment Corp. is likely to report a return on its global portfolio “well over 10 percent” in its upcoming annual statement, said Rachel Ziemba, London-based senior analyst […]

Lead Future Fund investment strategist resigns

Tony Day, a leader helping shape the Australian Future Fund’s investment strategy is finishing up his time at the sovereign wealth fund.  He was initially hired to assist building the fund’s investment capability.  The Future Fund recently is involved in a myriad of different asset classes.  [ Content protected for Sovereign Wealth Fund Institute Standard […]

Goodrich and Mubadala Aerospace Sign Agreement

According to the press release, “Goodrich Corporation (NYSE: GR) and Mubadala Aerospace, a business unit of Mubadala Development Company, today signed a heads of agreement (HOA) to establish a joint venture company in the United Arab Emirates (UAE) to perform maintenance, repair and overhaul (MRO) work on landing gear. The joint venture company would be […]

Temasek selling 700 million pounds of sterling bonds

According to Reuters, “Singapore state investor Temasek Holdings is selling 700 million pounds ($1.1 billion) worth of bonds to diversify its funding sources as it makes its foray into the sterling-denominated debt market. Temasek will issue 200 million pounds of 12-year debt at 97 to 100 basis points above gilts and 500 million pounds of […]

Abu Dhabi Aircraft Technologies and Sikorsky to create JV to Develop Military Maintenance, Repair and Overhaul Center in UAE

According to the press release, “Abu Dhabi Aircraft Technologies (ADAT) and Sikorsky Aerospace Services today announced the launch of a joint venture to provide world class military aviation Maintenance, Repair and Overhaul (MRO) services to the United Arab Emirates (UAE) Armed Forces and other military operators internationally, including in the wider Middle East and North […]

John Mack and Joseph Yam joined CIC’s International Advisory Council

According to the CIC press release, “CIC recently appointed Mr. John Mack and Mr. Joseph Yam as members of its International Advisory Council (“the Council”), to serve a term of two years. Meanwhile Mr. Arminio Fraga and Mr. Lawrence Lau resigned from the Council due to personal reason or concern on potential conflict of interest […]

CEO of France’s FSI plans to step down

By Alexia Tye Guest Contributor Gilles Michel, the CEO of the FSI, will shortly step down to take up a new position in the private sector.   He looks back over what the FSI has accomplished in the short period since its creation in January 2009. Defending what may seem to be a premature departure, he […]

Mubadala, Pramerica launch joint venture firm

According to Emirates Business 24/7, “Mubadala Development Company and Pramerica Real Estate Investors, a unit of US-based Prudential Financial, have agreed to set up a company that will raise capital to fund and invest in real estate projects in Abu Dhabi and other international markets. Mubadala Pramerica Real Estate Investors (Mubadala Pramerica REI), the joint […]

Nigeria to fast track sovereign wealth fund

According to Reuters, “Nigeria plans to fast track the creation of a sovereign wealth fund after powerful state governors, who initially opposed the idea, softened their stance, Central Bank Governor Lamido Sanusi said on Tuesday. A committee of three ministers and six governors had been set up to work out the legal framework for a […]

Blackstone – GSO Capital Solutions Fund Closes on Over $3.25 Billion

Blackstone bought GSO Capital Partners LP in March 2008. One of the sovereign wealth funds participating is reported to be the Korea Investment Corporation. According to the press release, “GSO Capital Partners LP, the credit business of The Blackstone Group, today announced the final closing of the Blackstone / GSO Capital Solutions Fund (“the Fund”) […]

Qatari Diar Wants $3.5 Billion Bond Raise

Qatari Diar Real Estate Investment Co., the sovereign wealth enterprise of the Qatar Investment Authority, is seeking to raise US$ 3.5 billion in a bond sale. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Temasek Releases 2010 Financial Report

According to the press release, “Temasek Holdings (Private) Limited (Temasek) today released its annual performance report and institutional review, Temasek Report 2010 – Making a Difference, for financial year ended 31 March 2010. Temasek Report 2010 sets out highlights of the firm’s portfolio returns and investments, its consolidated group financial summary and institutional framework as […]

Mubadala among top transparent sovereign funds

According to Gulf News, “Mubadala has retained its position among the world’s top eight most transparent sovereign wealth funds. Mubadala has retained its position among the world’s top eight most transparent sovereign wealth funds Dubai: The UAE’s Mubadala Development Company has retained its position among the world’s top eight most transparent sovereign wealth funds according […]

BP Sovereign Wealth Investment Scenario, part II

As the story unfolds it was reported that BP Plc CEO Tony Hayward made a trip to Abu Dhabi.  BP declined to comment on any activity.  During an interview with Bloomberg, they reported, ” ‘I’m just visiting,’  Hayward said in an interview in Abu Dhabi today. ‘I’m here for a couple of days.’ BP is […]

ADIA has no plan to cut Europe exposure

According to Reuters, “The Abu Dhabi Investment Authority (ADIA) is not planning to cut its exposure to debt-ridden Europe, saying a stable regulatory, legal and tax framework make it an attractive place to invest. “No, (we) maintain a stable view,” Jean-Paul Villain, strategy unit head at ADIA, told Reuters when asked whether the fund was […]