Connect with us

REVEALED: Trump Says Kuwait Sovereign Fund Not Keen on U.S. Deals After War

Published

on

Photo Credit: NBC News - Meet the Press, Interview between Chuck Todd and Donald Trump

Photo Credit: NBC News – Meet the Press, Interview between Chuck Todd and Donald Trump

U.S. Republican Primary Presidential Candidate Donald Trump was interviewed by NBC News Host Chuck Todd on August 16th on the show, Meet the Press. Trump is leading the Republican U.S. Presidential Primary in a number of polls in the early primary states of Iowa and New Hampshire. Among a myriad of topics and issues, Trump discussed his interactions with Gulf countries, notably Kuwait. These statements were echoed earlier on a Fox News show where Trump was interviewed by Sean Hannity.

NBC News Interview: Here

Trump: Shortly after the war [in reference to the first Gulf war], the Kuwaiti fund came to see me, and they wanted to do a deal.
We have a great deal in the United States.
They go no, no, no, not, not, United States, not United States.
We don’t want to invest in the United States.
We gave them back their country.

In the early 1990s, many of the Gulf sovereign funds had a strong preference of direct investments in Europe, particularly the U.K. and France.

The KIA does have a scattered history of investing in U.S. real estate, especially hotels and property. In fact, SWFI is hosting their next America summit at The Phoenician, in Scottsdale Arizona in February 2016. The resort hotel, at one point in the early 1990s, was owned by the Kuwait Investment Office (KIO), a sovereign wealth enterprise of the Kuwait Investment Authority. For a long time, the KIO had a 45% stake in The Phoenician and Crescent Hotel in Arizona, buying the rest from the Resolution Trust Corporation (RTC) in 1991.

Ascendas-Singbridge Acquires Three Hotels in Osaka

Published

on

Singapore’s Ascendas-Singbridge has acquired three hotels in Osaka for 10.29 billion JPY to tap tourism growth in Japan’s third-largest city.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

BlackRock Contemplates Stake in Eurizon

Published

on

Asset management giant BlackRock is contemplating purchasing a 30% ownership stake in Intesa SanPaolo’s asset management unit called Eurizon Capital SGR S.p.A. BlackRock is keen on growing its technology business and increase market adoption of its Aladdin platform.

Intesa has been working with UBS to seek out strategic options for Eurizon. Intesa is keen on maintaining control over Eurizon.

Continue Reading

SWFI First Read, June 22, 2018

Published

on

JPMorgan Fund Buys 40% of Oxford Properties’ French Portfolio

A fund advised by JP Morgan Asset Management committed €400 million in Oxford Properties’ French portfolio. Essentially, Oxford Properties sold a 49.9% non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille. Oxford Properties made its maiden investment in Paris in 2014 when it acquired 32 Rue Blanche.

Oxford Properties is the real estate unit of OMERS.

Temasek Explores Further Cash Commitments to FirstCry

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.