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Friday SWFI News Roundup, October 31, 2014

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Friday Roundups – Halloween Edition

sovereign wealth fund pumpkin

In London: We had over US$ 2.7 trillion in public asset owner capital in the audience.

lyons-swfi-london2014
Photo: Gerard Lyons addressing delegates of asset managers, sovereign wealth funds, pensions and policymakers.

Harrods Pays £118 Million Dividend to Qatar Holding

Harrods, a luxury department business, paid a £118 million dividend to its owner Qatar Holding, a sovereign wealth enterprise of the Qatar Investment Authority (QIA). For 2014, Harrods posted record sales and profits, turnover increased by 10% to £843 million. Qatar Holding acquired Harrods in 2010 from Mohamed Al Fayed.

Most of Rosneft’s Aid Request to be Denied

Rosneft, an integrated oil company majority owned by the Russian government, filed a request for over 2 trillion rubles (US$ 48 billion) from Russia’s National Welfare Fund. Russian Economic Development Minister Alexey Ulyukayev, on October 29th, addressed the media, “We’ll work with the company (Rosneft). The request in its current form does not comply with the requirements, which are set to projects entitled to financing from the National Welfare Fund because it actually aims to cover the company’s financial gaps as a whole and with regard to its investment program.”

GIC Invests in Turkish Real Estate Firm

Singapore’s GIC Private Limited acquired a 20% stake in Rönesans Gayrimenkul Yatýrým A.S., a Turkish real estate firm for €250 million. The Turkish firm has 25 properties in its portfolio. The deal is expected to be completed by the end of 2014.

CPPIB Invests Big in Brazil

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Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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