Plunge protection teams, New Egypt edition
On a less than glorious day for MENA sovereign wealth funds…FT Alphaville’s Cairo agent sends this newspaper clipping our way:It’s a report on the Egyptian...
Freezing Gaddafi’s billions
Or, just who is ’sovereign’ in a sovereign wealth fund, anyway?Western powers were starting to catch up with the Libyan people in hitting Colonel Gaddafi where it hurts on Friday....
Sovereigns and pensions, oh dear
Marc Ostwald of Monument Securities has a good riff off of the news that Ireland’s national pension fund will indeed be repurposed to buy Irish government bonds:While many...
Japan piles into resources, but is it an inflation hedge?
More details of Japan’s most recent stimulus measures have come out in the last 24 hours, and one of them in particular has got goldbugs and inflationistas’ tongues a wagging....
Equities’ days of future past
You know that whole ‘stocks are dead, long live bonds‘ meme?Interesting factoid from a Morgan Stanley strategy note on Monday:In the US, the current pace of inflows...
The self-denying sovereign wealth fund
This is – in a way - yet another of those posts commemorating the fall of Lehman Brothers, two years ago to the day.Then again — the post-Lehman sovereign wealth...
Of sovereign wealth and black swans
Further adventures in sovereign wealth fund knife-catching — of a sort.We’ve noted before that equity volatility has hampered sovereign wealth fund returns a tad lately....
Adventures in equity knife-catching, SWF edition (updated)
If you’re a BP investor who thought twice about catching the falling knife of the firm’s post-Gulf spill shares this summer — well, spare a thought for Norway....
Keeping an Eye on China’s U.S. Investments, Manufacturing
Filed under: Products and Services, Industry, China
China Investment Corp. (CIC), a sovereign wealth fund responsible for managing China's foreign exchange reserves, has disclosed to the SEC that its holdings in major U.S. companies now total $9.6 billion. According to reports, the fund...
What Those CIC Stakeholding Disclosures Say About Its Strategy
It is a rare event when the world gets a peek into the stock portfolio of a $300 billion Chinese sovereign-wealth fund. Thanks to a regulatory filing that China Investment Corp. made with U.S. securities regulators, investors are now able to do just that. Here are some answers to questions naturally raised by CICs disclosure....
Kuwaiti fund rakes in $1 billion profit on Citigroup sale
Filed under: Citigroup Inc. (C), Bank of America (BAC)
In a case of buy low, sell high, Kuwait's sovereign wealth fund just unloaded its $4.1 billion stake in Citigroup (C). In doing so, the fund scored a $1 billion profit --...
