Archive | September, 2010

SOFAZ provides regional infrastructure funding

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CIC Among Biggest Investors In 3i EUR1.2B Growth Fund -Source

According to the Wall Street Journal, “China Investment Corp., the country’s $300 billion sovereign-wealth fund, was one of the biggest third-party investors in 3i Group PLC’s (III.LN) EUR1.2 billion growth capital fund raised earlier this year, a person familiar with the situation said Wednesday. “3i has good ties with CIC and has been welcomed by […]


CIC pulls out of Bumi’s $362 mln share sale -source

According to Reuters, “Sovereign wealth fund China Investment Corp (CIC) has pulled out of a debt-for-equity swap with Bumi Resources because of disagreement over terms, said a source with direct knowledge of the deal on Friday. The decision by CIC is a setback for Bumi which had hoped to swap some of the $1.9 billion […]


Norges Bank Sues Citigroup

The lawsuit was filed September 17, 2010 in the U.S. District Court in Manhattan.  Norges Bank, which manages Norway’s Government Pension Fund Global (GPFG) has sued Citigroup.  [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Greece and Qatar Sign a Non-Binding MOU in New York

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Mubadala Announces Operation and Financial Highlights for 1st Half of 2010

Near the bottom of the press release it states, “Mubadala’s Total Comprehensive Income (TCI) for the period was a negative AED 4.5 billion. This result reflects an unrealized loss of AED 4.4 billion from Mubadala’s public markets investments due to the decline in the local and global markets during the first half of this year. […]


OP Financial Forms Partnership with China Investment Corporation to Invest in Kazakhstan Agriculture sector

According to the press release, “OP Financial Investments Limited (“OP Financial” or “the Group”), is pleased to announce that on 25 August 2010 a limited partnership was formed with China Investment Corporation (“CIC”), both through wholly owned subsidiaries, with the principal purpose to invest directly or indirectly in the production, processing, transportation and trade of […]


Sovereign Fund of Brazil Recently Authorized to Buy US Dollars in FX to Weaken Real

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London may face competition from emerging economies: Tony Tan

According to Channel NewsAsia, “Financial markets like London may face stiff competition as fast-growing emerging economies like China and India attract more investments.   The Government of Investment Corporation or GIC’s Deputy Chairman and Executive Director, Tony Tan, said this at the UK Financial Service Forum Panel held in London on Monday. Dr Tan said: “For […]


CIC wants to invest in stable industries, no US auto bailout

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France’s FSI seeks to create co-investment platform with other SWFs

By Alexia Wai-Chun Tye Guest Contributor Whilst the FSI’s newly appointed CEO Jean-Yves Gilet has yet to take up his position after the summer lull, the President of the Board, Augustin de Romanet, has been speaking publicly on a variety of issues facing the FSI and its 51% controlling shareholder, the state institution Caisse des […]


Government of Italy seeks to clarify Libyan investment in UniCredit

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China should cut dollars if U.S. too loose: sovereign fund

According to Reuters, “China should sell dollars and diversify its foreign exchange reserves if the United States sticks to loose monetary policy, the head of the Chinese sovereign wealth fund said in an article published this week.  Lou Jiwei, chairman of the $300 billion China Investment Corp, also offered policy advice to the United States, […]


China plays a larger role in SE Asian Infrastructure

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Paul Costello to leave Future Fund

Mr Paul Costello, General Manager of the Future Fund Management Agency has informed the Board of his intention to leave the organisation.  The Chair of the Future Fund Board of Guardians, Mr David Murray, expressed his gratitude to Mr Costello for his role in guiding the Future Fund during its early development. “Paul has played […]


Nigerian President Goodluck Jonathan Sends Bill to Create Nigerian SWF

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CIC recovers investment in US Money Market Fund that went sour in 2008

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Brazil Sovereign Wealth Fund Moves Forward

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Korea Investment Corporation to receive possible injection to further deals

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Consensus Demand Meter Q3 Y 2010 (Sep)

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