Qatar, Abu Dhabi banking on Barclays
Friday, October 31st, 2008 Posted in SWF | No Comments »Details below from MarketWatch, of an announcement by Barclays (UK: BARC) (NYSE: BCS) of an US$11.9B capital raising effort via convertible notes from Qatar Holdings, Sheikh Mansour Bin Zayed Al Nahyan, a member of the Abu Dhabi royal ...
Sovereign wealth funds remain interested in US market
Wednesday, October 29th, 2008 Posted in Markets, SWF | No Comments »As reported in a TradeFlow21 posting on September 29th, it was suggested that sovereign wealth funds may soon join a list of suitors seeking bargains among Wall Street's ruins. In an interview with the Financial Times published today, Deputy ...
ATIC chunks down for AMD foundry while Mubadala doubles down
Tuesday, October 7th, 2008 Posted in JVs, SWF | No Comments »Liquid Abu Dhabi investors to chip-maker AMD's rescue. The cost: $700M and $1.2B in assumed debt for Advanced Technology Investment Co. (ATIC) to acquire a sizable chunk in the JV (Foundry Co). ATIC is also said to have a ...
Wall Street crash may offer Gulf investors unparallelled access to U.S. markets
Monday, September 29th, 2008 Posted in Markets, News, SWF | No Comments »Though Gulf nations have certainly felt the aftershocks of Wall Street's crash, including the UAE, which had to pump billions into their public market to sustain liquidity levels, the region may soon join a growing list of institutional and sovereign suitors seeking bargains among the ruins. As the U.S. Congress ...
Gulf equities down, but not out, idiosyncrasies aside
Thursday, September 18th, 2008 Posted in Financial Services, Hedge Funds, Markets, SWF | No Comments »In consecutive days the FT has reported on the situation for equities in the Gulf region (see clipped excerpts below). In spite of the U.S. induced credit withdrawal felt around the world, the fact remains that the Gulf is ...
Sovereign wealth per capita
Sunday, August 17th, 2008 Posted in SWF | No Comments »Sovereign wealth funds (SWFs) are not new, by any means, but their degree of asset accumulation and willingness to deploy it overseas, is unprecedented. And this is appreciated, by global investment and commercial banks, especially those in the U.S. SWFs ...
Diversification, Dubai-style
Thursday, August 7th, 2008 Posted in SWF | No Comments »Istithmar World, the investment arm of Dubai World, and real estate developer Nakheel invested an undisclosed sum in Montreal-based Cirque, expanding a 15-year partnership between the latter two entities reached last spring. See Reuters clip below. clipped from www.reuters.com Dubai firms ...
GE, Abu Dhabi Announce $8B JV — Reuters
Tuesday, July 22nd, 2008 Posted in JVs, SWF | No Comments »General Electric shares may have short circuited after the company's surprising earnings miss earlier this year. HOWEVER, Mr. Immelt clearly has his eyes set on high growth and Abu Dhabi's investment arm is showing unequivocal support of its partner ...
Qatar to Bankroll Barclays and More
Wednesday, June 18th, 2008 Posted in Markets, SWF | No Comments »Reuters Dubai reports by way of the Financial Times that Qatar's sovereign wealth fund the Qatar Investment Authority (QIA) is considering backing a share issue by Barclays PLC (NYSE ADR: BCS). The issue could approach US$8 billion. QIA has already ...
Abu Dhabi Eyes $800M Stake in Chrysler Building
Wednesday, June 11th, 2008 Posted in Real estate, SWF | No Comments »By way of the New York Post, Reuters reports the Abu Dhabi Investment Council is under negotiations to buy a 75% stake in the NYC Chrysler Building, an investment valued at $800M.
