Archive | May, 2011

Nigerian President Goodluck Jonathan Signs SWF Bill

According to the press release, “President Goodluck Ebele Jonathan has said that his Administration was fully committed to making Nigeria’s oil assets a vehicle for wealth creation, economic diversification and development. In his remarks after signing the 2011 Appropriation (Amendment) Bill and the Nigerian Sovereign Investment Authority (NSIA) Bill into law at the Presidential Villa, […]

Qatar Goes to Georgia to Discuss Agriculture

Georgia is a country with ripe agricultural land and located strategically by the Black Sea. The country’s soil and climate has made farming a very productive sector for the overall domestic economy. Crops such as corn, wheat, hazelnuts, citrus fruits, and grapes are dominant. Hassad Food, the sovereign wealth enterprise of the Qatar Investment Authority […]

Asian SWFs Increase Exposure to Chinese Renewable Companies

Several Chinese renewable companies are grabbing the attention of sovereign funds. Sovereign funds understand that energy and technology are key drivers for stock performance and they want exposure to this industry. In fact, many of these Chinese companies are taking advantage of the current IPO market in Hong Kong for Chinese securities. Energy efficiency and […]

CIC Sees Potential in Russia

The China Investment Corporation sees tremendous potential to invest in Russia and has already done so. The CIC and Harvard University were among a crop of new investors who purchased a 10% stake in Bank VTB OAO. Russia is planning a wave of privatizations to open up its markets and increase foreign capital investment. Moscow […]

Emirates Investment Authority Takes a Strategic Spin

In November 2007, the Emirates Investment Authority (EIA) was created by Emiri decree. They are the United Arab Emirates’s federal sovereign wealth fund. The sovereign fund has characteristics of a strategic development sovereign wealth fund, similar to that of the Mubadala Development Company and Bahrain’s Mumtalakat Company. This marks a stark contrast in style to […]

Financial Advisor League Table Updates

May 2011 Update: We have Financial Advisor League Tables available for the following Sovereign Wealth Funds: Financial Advisor League Tables – China Investment Corporation Financial Advisor League Tables – Korea Investment Corporation Financial Advisor League Tables – GIC Financial Advisor League Tables – IPIC Financial Advisor League Tables –Mubadala Financial Advisor League Tables – Qatar […]

Nigerian Sovereign Wealth Funds Coming Closer to Fruition

Nigeria is Africa’s largest oil producer and is in the midst of creating a commodity-based sovereign wealth entity. The bill would be comprised of three segregated funds which are the Future Generations Fund, Nigerian Infrastructure Fund and Stabilization Fund. The Nigerian House of Representatives passed the sovereign wealth entity creation bill.[ Content protected for Sovereign […]

Aabar Investments Invests $1 Bil in Glencore’s IPO

The press release states, “Aabar Investments PJS (“Aabar”) today confirmed an investment of $850 million in Glencore International plc (“Glencore”) as a cornerstone investor with an intention to invest an additional $150 million in the Global Offer. Glencore is one of the world’s leading integrated producers and marketers of commodities. This investment makes Aabar the […]

Korea SWF and Other Investors Plan to Invest in Brazilian Mining

Asian sovereign funds have been active in investing in Latin American natural resources. The Korea Investment Corporation, Canada’s Ontario Teachers’ Pension Plan (OTPP), and another investor are planning to invest in Manabi Holding SA. Manabi Holding SA is a Brazilian special purpose company that manages steel assets and iron ore exploration.[ Content protected for Sovereign […]

CIC Making Progress on Managing More Assets

The China Investment Corporation has not received the proposed capital injection from the Chinese Government. It will take some considerable time and analysis.  Some members of the press and media reported the CIC already received the funding; however, the CIC is making progress on its goal of managing more funds for the Chinese Government. The […]

CIC Chair Comments on Balancing Transparency and Legitimate Commercial Interests

Lou Jiwei, Chairman of the China Investment Corporation said that he supports greater transparency for sovereign funds; however, it comes with certain caveats.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Qatar SWF Has Possible Interest in Paris Saint-Germain Football Club

Sovereign wealth funds are no strangers to European football clubs. Football clubs present an attractive investment opportunity for strategic sovereign funds, as it gives them exposure to advertising and entertainment sectors. The Libyan Investment Authority used to own a part of the Juventus club. In June 2009, Colony Capital bought out Morgan Stanley’s interest in […]

ADIA is in a Consortium That Shows Investment Interest in Gassled

Sovereign investors are keen on coming together to bid on developed European energy infrastructure assets. This asset is a necessary piece of natural gas infrastructure for Europe’s energy consumption and security. In addition, infrastructure assets like these tend to generate long term stable cash flows for their investors. Larger sovereign wealth funds are fond of […]

Biggest Loan Refinance to Emerge in Dubai Since Financial Crisis

In 2006 and 2007, the Investment Corporation of Dubai was building a large acquisitive portfolio. Priorities have changed since the financial crisis. The Investment Corporation of Dubai has put forward a US$2.8 billion, 5-year loan refinancing. This is a significant milestone since this is the largest loan to originate in Dubai since the financial crisis. […]

Future Fund Sells Out of Positions in Mine and Ammunition Producers

On December 4, 2008, the Government of Australia signed the Convention on Cluster Munitions. The Convention on Cluster Munitions is an international treaty that prohibits the development, use, transfer, and stockpiling of cluster weapons. Australia’s Parliament has not yet passed the bill to ratify the international treaty. [ Content protected for Sovereign Wealth Fund Institute […]

Unrest in Syria Stops Qatari Sovereign Wealth Fund Project

Syria is undergoing domestic unrest and the current regime is heavily cracking down on dissenters. The security situation has made it thorny for foreign developers to continue investment projects. Qatari Diar is the real estate arm of the Qatar Investment Authority. They have temporarily stopped investment projects in Syria until the security situation clears up. […]

Fosterlane Purchased NYC Office at 750 7th Avenue for $485 Million

Fosterlane Management Corporation, the sovereign wealth enterprise real estate arm of the Kuwait Investment Authority has purchased a 34-story office tower in New York City from Hines. The building is at 750 7th avenue and has Morgan Stanley as a key tenant. The office tower was built in 1989 and earlier bought by Hines  from […]

Some of Libya’s Sovereign Wealth Money Might have a New Master

Talks have been held on what to do with Gaddafi’s frozen assets. The Libyan rebels are in dire need of financing, while a number of participating countries are hesitant to lend their own money to aid them. In April, the leadership in Libya’s opposition sent a letter to U.S. Treasury Secretary Timothy Geithner. The letter […]

Ireland Continues to Liquidate Assets in NPRF

Ireland’s National Pensions Reserve Fund has helped partially stabilize and capitalize Irish financial institutions. Unfortunately, the money was not enough and the European Union and International Monetary Fund advanced more funds around November 2010. To meet the demands of the loans, the NPRF has had to sell off huge positions in its portfolio. The fund considered selling […]

Singapore Politics and Sovereign Wealth Funds

Many sovereign wealth funds have the visible stress of managing overseas investments while properly communicating to the local citizenry on relevant updates. Most of the time, local citizens want to ensure the money is spent on reliable investments. This is why a number of sovereign funds become hesitant or have name-brand-selection bias when choosing investments. […]