Category
Sovereign Funds
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Kuwait Triples Investment in Japan, Highlighting Sovereign Wealth Flight From U.S. Assets
By Jason Simpkins Associate Editor The Kuwait Investment Authority (KIA), the oil-rich nation's sovereign wealth fund, is planning to triple its investment in Japan to $48 billion, highlighting a global investment shift away from U.S. assets. The Kuwait sovereign wealth fund already has $15 billion to $16 billion invested in Japan, but Kuna, the nation's [...]
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Sovereign Wealth Funds Reducing Exposure to U.S. Dollar
By Jason Simpkins Associate Editor State-run sovereign wealth funds are diversifying away from the U.S. dollar, as well as dollar denominated assets, at an unheralded pace, as the greenback's protracted declined undermines the credibility of U.S. policymakers. The Financial Times reported yesterday (Thursday) that one large, unnamed Gulf fund has cut its dollar-denominated holdings from [...]
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Foreign Banks, Sovereign Wealth Funds Help Barclays Raise $8.9 Billion
By Mike Caggeso Associate Editor Starving for capital and hell-bent on retaining its handsome dividend, Barclays PLC (ADR: BCS) plans to raise $8.9 billion (4.5 billion pounds) by selling shares to investment banks and sovereign wealth funds around the world. As much as 1.58 million shares will be sold to existing investors China Investment Bank [...]
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India and Japan May Be the Next to Join Global Cash Barons in Search of Higher Yielding Investments
By Jason Simpkins Associate Editor Dubai, Saudi Arabia and China are among the nations that have employed the use of sovereign wealth funds (SWFs) to turn their massive cash surpluses into major league investments. Now India and Japan appear poised to take up the aggressive pursuit for high returns with SWFs of their own. India [...]
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Qatar and Abu Dhabi SWFs Agree to Start Joint $2 Billion Acquisition Fund
By Mike Caggeso Associate Editor The sovereign wealth funds of Qatar and Abu Dhabi, a United Arab Emirates state, have agreed to start up a $2 billion joint fund that will finance oil and petrochemical acquisitions. Qatar Investment Authority (QIA) and Abu Dhabi's International Petroleum Investment Co. (IPIC) will each ante up $1 billion for [...]
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Chile's $17 Billion Sovereign Wealth Fund Diversifying; Investors Following the Money for Turnaround Profits
By Mike CaggesoAssociate Editor Chile said it has begun diversifying its two sovereign wealth funds valued at more than $17 billion – with 20% to be invested in corporate bonds and 15% in stocks by the end of the year. "We are in transition to a new strategy," Eric Parrado, International Finance Coordinator at Chile's [...]
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As Sovereign Wealth Funds Flourish, Russia Looks to Change the Playing Field
By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report We've talked extensively about the emergence of sovereign wealth funds (SWF) in global financial markets in recent months and much of that discussion has centered on China and the Middle East. But there's a new player in town: Russia. As Bruce Willis's iconic alter ego [...]
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Qatar Sovereign Wealth Fund Buying Credit Suisse Shares, Qatar Prime Minister Says
By William Patalon III Executive Editor Money Morning/The Money Map Report The government of Qatar – operating through its state-run investment fund – is accumulating shares in Swiss banking giant Credit Suisse Group (CS) and says it intends to invest as much as $15 billion in U.S. and European bank stocks over the next year. [...]
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Outlook 2008: Three Ways to Profit From Sovereign Wealth Funds – the "Next Wall Street"
By William Patalon III Executive Editor Money Morning/The Money Map Report Editor's Note: This is the 18th Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. A year ago at this time, few investors had ever heard the term "sovereign wealth fund." But now these government-controlled investment pools are making headlines virtually [...]
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Tough Talk About Sovereign Funds Spawns Fear of Economic Retaliation Against the United States
By William Patalon III Executive Editor Money Morning/The Money Map Report The United States risks major retaliation against U.S. companies trying to do business overseas if Congress proposes new laws that will force so-called sovereign wealth funds to disclose more about their intent when it comes to U.S. investments, a senior U.S. Treasury Department official [...]
