Carl T. Delfeld submits: Temasek, Singapore's second-largest sovereign wealth fund, [SWF] is certainly doing far better than Singapore exchange-traded funds such as the iShares MSCI Singapore EWS that is down almost 17% year-to-date. The lesson is that it pays to play as a big boy with lots...
BEIJING AFP — China Investment Corp., a company established recently to handle 200 billion dollars of forex reserves, has vowed to play a "stabilising role" in global financial markets, state media said Friday. Lou Jiwei, the former vice finance minister in charge of the company, said no similar sovereign...
WASHINGTON AFP — The US Treasury said Thursday it had reached a series of agreements with two powerful sovereign wealth funds based in Abu Dhabi and Singapore covering investments in US markets. The agreements were hammered out in a meeting at the US Treasury hosted by Treasury Secretary Henry...
NEW YORK -- A new report by Merrill Lynch MER Global Research says that assets under management in Sovereign Wealth Funds SWFs could grow more than four-fold by 2011, surging from US$1.9 trillion to US$7.9 trillion. The research report, titled "The overflowing bathtub, the running tap and SWFs," states that...
Strengthens MSIM's Central Bank and Sovereign Wealth Fund Coverage HONG KONG -- Morgan Stanley Investment Management ("MSIM") today announced the appointment of Dino Kos as Managing Director and Head of Central Banks and Sovereign Wealth Funds (CB & SWF). Kos will be based in Hong Kong, reporting to Blair...
AsiaInfo Services 12-26-2007 CIC Sets Price Range for Morgan Stanley Equity Units BEIJING, Dec 26, 2007 SinoCast via COMTEX -- The Chinese sovereign wealth fund China Investment Corporation CIC announced it has decided on the buying price o AsiaInfo Services...
AsiaInfo Services 03-21-2008 Alibaba Plans to Repurchase Stake from Yahoo! BEIJING, Mar 21, 2008 SinoCast via COMTEX -- The Chinese Internet firm Alibaba Group now is in talks with two investors, including a China sovereign wealth fund, about the AsiaInfo Services 03-21-2008...
NEW YORK AFP — New York's Chrysler Building, a skyscraper icon, is being targeted for purchase by an oil-rich Middle East sovereign wealth fund, US media reported Thursday. The Abu Dhabi Investment Council, an investment arm of the Gulf emirate, is in talks with a subsidiary of Prudential Financial...
By Danny Fortson Temasek, Singapore's sovereign wealth fund, issued an extraordinary attack on "certain market players" involved in the sale of Nasdaq's 31 per cent stake in the London Stock Exchange, which is being auctioned by UBS and JP Morgan. In a short release, Temasek said...
TOKYO AFP — New Merrill Lynch chief executive John Thain said he saw no need for the US investment bank to raise fresh capital, in an interview with Japan's Nikkei business newspaper published on Friday. He also said there were no plans to sell Merrill, which previously got an...
Business News IN BRIEF --The Qatar Investment Authority's status as the front-runner for Nasdaq's 31 per cent stake in the London Stock Exchange has been bolstered after Temasek threw in the towel. Singapore's sovereign wealth fund submitted a bid for the New York bourse's holding in the LSE...
--The Qatar Investment Authority's status as the front-runner for Nasdaq's 31 per cent stake in the London Stock Exchange has been bolstered after Temasek threw in the towel. Singapore's sovereign wealth fund submitted a bid for the New York bourse's holding in the LSE this week after the initial deadline...
(Reuters) - Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar with the situation.Blackstone, which manages private equity, real estate and hedge funds, would cut the fund size to...
PARIS AFP — Qatari Diar, the real estate investment company, announced Saturday that it was finalising an exclusive bid for French engineering and electrical engineering group Cegelec. Qatari Diar is owned by the Qatar Investment Authority QIA, which is the sovereign wealth fund of the small gas-rich Gulf state....
SHANGHAI AFP — China Life said Tuesday it purchased nearly 300 million dollars of shares in Visa Inc's initial public offering, while the nation's sovereign wealth fund reportedly bought 100 million dollars' worth of shares. China Life, the nation's largest life insurer, said in a statement that the performance...
Dear John Thain submits: Goldman GS could be screwed? Surely I jest. Well, I would suggest that if Goldman thinks it can survive, it could wind up being the next firm to refuse to sell at the levels being offered. Also, who is left to acquire Goldman? Clearly a...
William Patalon III submits: Advanced Micro Devices Inc. AMD will spin off its computer chip plants and receive a cash infusion of as much as $8.4 billion from an Abu Dhabi sovereign wealth fund as the scrappy semiconductor firm struggles to compete with Intel Corp. INTC,...
The carnage at Citigroup was staggering. A $9.8bn fourth quarter net loss following $18.1bn in subprime-related write-downs and a 41% dividend cut. Is there life after such a debacle? With Merrill Lynch posting a similar fourth quarter loss following The carnage at Citigroup was staggering. A...
Outsourcing to China has been the rage for more than 20 years, but how about the flip side? China is quietly outsourcing to -- and seeking investments in -- the United States. There is clear evidence of this going on, despite the political controversy in 2005 when...
By Paul Hoskins and Steve SlaterLONDON (Reuters UK) - Barclays moved to head off a revolt by shareholders on Tuesday by offering them a slice of a 5.8 billion-pound capital injection from Middle East investors and scrapping this year's executive bonuses.Shareholders will be offered 500 million pounds of the 3...
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