LONDON: An increasing number of sovereign wealth funds are working in concert to make joint strategic investments in order to reduce risks and maximise returns, which could provide a stabilising force in financial markets.
Showing posts with label Sovereign Wealth Fund (SWF). Show all posts
Showing posts with label Sovereign Wealth Fund (SWF). Show all posts
Friday, February 6, 2015
Tuesday, July 15, 2014
No plan to set up sovereign wealth fund for now: Mayaram
New Delhi, July 12:
India is not looking to set up any sovereign wealth fund (SWF) for now, the Finance Secretary, Arvind Mayaram has said.
Saturday, March 23, 2013
Nigeria further depletes oil savings for spending
ABUJA (Reuters) - Nigeria will make a second $1 billion withdrawal from its Excess Crude Account (ECA) by next month to distribute to its three tiers of government for projects, reducing its oil savings to $6.82 billion, the state minister for finance said on Thursday.
Wednesday, October 19, 2011
FG Kickstarts Sovereign Wealth Fund with $1bn – ThisDay
Amid dialogue with the governors of the 36 states of the federation, the Federal Government Tuesday announced that it had commenced the implementation of the Sovereign Wealth Fund (SWF) with a seed capital of $1 billion from the Excess Crude Account (ECA).
Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, who made the disclosure at a media parley in Abuja, said the government was launching the implementation of the SWF with a series of initial steps designed to build a strong foundation for achieving the objectives of the Fund as encapsulated in the Nigerian Sovereign Investment Authority (NSIA) Act.
Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, who made the disclosure at a media parley in Abuja, said the government was launching the implementation of the SWF with a series of initial steps designed to build a strong foundation for achieving the objectives of the Fund as encapsulated in the Nigerian Sovereign Investment Authority (NSIA) Act.
Wednesday, July 20, 2011
India eyeing sovereign wealth fund, energy deals but RBI objects
NEW DELHI: India is considering setting up a sovereign wealth fund with more than $10 billion in assets to buy energy assets abroad to feed growing domestic demand, senior government officials told Reuters on Wednesday.
But the sources said the plan to create the country's first sovereign wealth fund (SWF) was still at an early stage amid concerns from the central bank about setting aside part of the country's foreign exchange reserves for the scheme.
But the sources said the plan to create the country's first sovereign wealth fund (SWF) was still at an early stage amid concerns from the central bank about setting aside part of the country's foreign exchange reserves for the scheme.
Tuesday, May 17, 2011
Canadian wealth fund and Henderson buy Leadenhall Triangle
A Canadian sovereign wealth fund advised by Henderson Global Investors has bought the Leadenhall Triangle scheme in the City for £175m.
Henderson went under offer on Friday to buy five buildings on an island site which are currently in administration after a fierce bidding process.The asset will be owned one third by Henderson’s Central London Offices Fund I, one third by Henderson’s Central London Offices Fund II and one third by the Canadian fund.
Henderson went under offer on Friday to buy five buildings on an island site which are currently in administration after a fierce bidding process.The asset will be owned one third by Henderson’s Central London Offices Fund I, one third by Henderson’s Central London Offices Fund II and one third by the Canadian fund.
Saturday, April 2, 2011
‘2011 budget to strengthen Sovereign Wealth Fund’
The Assistant Director, Research, Central Bank of Nigeria, (CBN), Adebayo Idowu has said the 2011 budget will foster growth, create more jobs and also consolidate the the Sovereign Wealth Fund (SWF),
Idowu listed the assumptions to include crude oil production of 2.30mb/d; crude oil benchmark price of $75/barrel; Joint Venture cash calls of $5.4 billion; average exchange rate of N150 to $1.00 and target of Gross Domestic Product (GDP) growth rate of 7 per cent and inflation rate of 10 per cent will help put the SWF in good standing. The oil price now stands at $116.9 per barrel as at March 28 and the difference of $51.9 per barrel will be credited to the SWF.
Idowu listed the assumptions to include crude oil production of 2.30mb/d; crude oil benchmark price of $75/barrel; Joint Venture cash calls of $5.4 billion; average exchange rate of N150 to $1.00 and target of Gross Domestic Product (GDP) growth rate of 7 per cent and inflation rate of 10 per cent will help put the SWF in good standing. The oil price now stands at $116.9 per barrel as at March 28 and the difference of $51.9 per barrel will be credited to the SWF.
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