Archive | November, 2010

More Sovereign Wealth Funds Continue to Take Larger Stakes in Companies

A number of sovereign wealth funds are lowering allocation from bonds to more risky, illiquid assets, such as direct investment in companies.  Their position sizes have increased and they are now providing more capital for public and private companies across various industries.  Sovereign funds have made generous profits from investing in direct investment / private […]


Irish NPRF to Shrink Due to Increased Bank Support

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CapitaLand Vietnam Enters Joint Venture with Mitsubishi

CapitaLand Vietnam Investments Pte Ltd (CVI) inked a US$ 200 million joint venture with Japan’s Mitsubishi Estate Asia Pte Ltd (MEA) and an affiliate of GIC Real Estate, the real estate investment arm of Government of Singapore Investment Corporation (GIC), to invest in prime real estate development projects in Hanoi and Ho Chi Minh City. […]


French President Sarkozy rejects terms in Qatar’s potential Areva investment

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Italy’s Mediobanca mulls Tunisia unit – source

Reuters reports, “Italy’s Mediobanca SpA is planning to open a merchant bank in Tunisia, as it looks to broaden its reach to the Arab world, a source close to the situation said on Thursday. The plan, which would involve Mediobanca owning a 30 percent stake in the new bank, was discussed at a board meeting […]


Osum Announces $100 Million Private Placement from KIC

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Irish NPRF Faces Trouble

Established on April 2001, the Ireland’s National Pensions Reserve Fund (NPRF) originally could not withdraw funds prior to 2025, as it was set up as a reserve fund for social entitlements. However, during the financial crisis, the wealth fund became involved in politics and bailed out a number of Irish banks that needed to recapitalize. […]


Brief Assessment: Sovereign Wealth Funds and the Ever-Changing Asset Management Business

The majority of sovereign wealth funds continue to rely on external managers and consultants for various reasons.  Over time asset managers have evolved their product offerings to accommodate sovereign wealth investors.  Whether they create sustainable alpha generating portfolios, enhancing risk management, or creating stable pools of liquidity, external managers will persist to provide a suite […]


Temasek Holdings tries to Calm Protectionist Fears on ASX Takeover

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SWF Strategic Index Weekly Update – Nov 19 2010

Download Sovereign Wealth Fund Strategic Index Weekly Update – Nov 19 2010 The SWF Strategic Index is slightly down from last Friday.  Several of the financial constituents of the index continue to be affected by the possible Irish contagion.


Big Dreams: Mauritius to Set Up $500 Million Sovereign Wealth Fund

The island nation of Mauritius has ambitious plans to create a US$ 500 million sovereign wealth fund. Mauritius Finance Minister Pravind Jugnauth made the announcement in Port Louis today during his annual budget presentation. The sovereign fund will have the ability to invest a wide variety of asset classes such as fixed income, equities and […]


Big Day for GM, SWFs invest less than 5% into IPO

General Motors had a successful IPO to our surprise. Investors from North America made up around 90% of the IPO, with huge allocations from mutual funds and pensions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Brief Interview by BNN News: Sovereign Wealth in MENA

BNN Summary: “Sovereign Wealth Funds have been a big part of the Middle East’s economic growth. They were all the rage years ago. So what about now? BNN speaks to Michael Maduell, President, Sovereign Wealth Fund Institute.” see video BNN News


Qatar Investment Authority Places Conditions on Areva Investment

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Can Frontier Markets help a SWF’s Portfolio?

Sovereign wealth funds are patiently dipping their toes in these so called frontier markets.  Frontier markets are even more risky than emerging markets.  It is a subset of emerging markets.  Some examples of Frontier markets include: Argentina (defaulted on their debt), Kazakhstan (former USSR), Lebanon (Cedar Revolution), Sub-Saharan Africa, and Pakistan (political instability).  Sovereign wealth […]


Kuwait and China to Boost Oil Ties

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Mubadala scales back, sells stake in Ferrari back to Fiat

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SWF Strategic Index Weekly Update – Nov 12 2010

Download Sovereign Wealth Fund Strategic Index Weekly Update – Nov 12 2010 The SWF Strategic Index suffered a bit this week from last week, closing at 910.86 on Friday. It is down -4.6% since last Friday.  Sovereign debt worries and Chinese interest rates greatly affected the index.  Most of the material sector firms in the […]


The State of Agriculture for Sovereign Funds

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Queensland Government announces successful Port of Brisbane Transaction

The Queensland Government press release states, “Treasurer Andrew Fraser today announced the signing of documents for the 99 year lease of the Port of Brisbane to the Q Port Holdings Consortium. Q Port Holdings includes major stakeholders Global Infrastructure Partners (GIP), Industry Funds Management (IFM) and funds managed by QIC Limited (QIC), and a minority […]