Sovereign wealth funds, from CIC, ADIA, untill Temasek
China and Singapore, with their activity of investment institutions owned by the government (sovereign wealth funds/SFW), are the examples of state capitalism in Asia are able to make the riches countries worried.
Although only a small island state, Singapore, along with China, with their reserves fund of USD 1.4 trillion, is recognized as a symbol of success and a new important actor capitalist countries from developing countries. The total amount of funds managed by SFW developing countries is now estimated by the International Monetary Fund (IMF) reached USD 2.2 trillion to USD 2.5 trillion. Total of USD 2.1 billion dollars of which are controlled by the 20 largest SFW.
Seven biggest SFW This present Standard Chartered are:
1. Abu Dhabi Investment Authority/ADIA of Abu Dhabi (USD 625 billion),
2. Global GPF of Norway (USD 322 billion),
3. Government of Singapore Investment Corporation/GIC of Singapore (USD 215 billion),
4. Kuwait Investment Authority/MCH from Kuwait (USD 213 billion),
5. China Investment Corporation/CIC of China (USD 200 billion),
6. Russia (USD 128 billion), and
7. Temasek Holdings of Singapore (USD 108 billion).
As an illustration, Indonesia's foreign reserves are currently only about 52 billion dollars and the Gross Domestic Product (GDP) of less than USD 300 billion.
The volume of funds managed by this SFW beat funds managed by the hedge funds in the world (USD 1.0 billion to USD 1.5 trillion), which is his actions makes worried world and accused of being behind the financial crisis endanger the stability of the global financial. Also much larger than the accumulated funds managed private equity institutions (equity fund) that USD 700 billion-USD 1.1 billion. However, still less of the funds managed by investment institutions more mature as UBS, Barclays Global Investors, Allianz Group, and others that totaled about USD 53 billion.
Standard Chartered classify the SFW is based on the level of transparency and their investment strategies. Not look like the GPF Global from Norway who tend to be conventional, two SFW from Singapore, GIC and Temasek, is considered likely to pursue dominant ownership in the company acquired. Instead Qatar Fund is considered as a strategic investor and not transparent like SFW from China and the United Arab Emirates. SFW among developing countries, most players today, according to Market Watch, is SFW from Middle East countries, such as Abu Dhabi, Saudi Arabia, Kuwait, and Singapore, Taiwan, South Korea, and Malaysia. Saudi Arabia is believed to put about USD 250 billion in their SFW, while Abu Dhabi about USD 875 billion.
The action of the SFW :
1. Abu Dhabi Investment Authority (ADIA), one of Abu Dhabi SFW founded in 1977, mainly targeting banks in London.
ADIA last major investment among others in Prime West Energy Trust in Canada (USD 5 billion). SFW from Abu Dhabi other newly established in 2002, Mubadala, also stunned the world with the acquisition of 5 percent of the company Ferrari recently.
2. GIC among others buy half ownership leading WestQuay shopping center in Southampton (USD 600 million),
3. Merrill Lynch Financial Centre (USD 960 million), and a 50 percent stake in Westfield Parramatta property company in Australia (USD 584 million).
4. SFW from Kuwait, KIA, among others, bought a 7.2 percent stake in the automaker Daimler-Chrysler (USD 8.1 billion).
5. China Investment Corporation to buy 10 percent stake in Blackstone (USD 3 billion).
6. Temasek bought 12 per cent of Barclays shares worth nearly 2 billion dollars, 12 percent of the shares of ABC Learning Centres in Australia, and 24 percent of China Eastern Airlines.
Temasek which is its state-owned enterprises Ministry of Finance of Singapore began highlighted when SOE acquired family-owned Shin Corp Thaksin Shinawatra while he was still serving as the Prime Minister of Thailand, September 2006. The acquisition of the largest telecommunications companies in Thailand amount USD 1.9 billion is widely opposed by Thai people and helped to trigger protests against Thaksin that led to the meltdown of Thaksin in a coup by the military junta. Together with GIC which manages USD 100 billion pension fund in Singapore and has 900 employees and eight offices spread across a number of countries, Temasek controls more than USD 180 billion of assets. For comparison, assets managed by Goldman Sachs Asset Management is only USD 33 billion and Blackstone, the largest private equity institutions, USD 80 billion. Temasek who started the acquisition maneuver aggressively in Asia four years ago, recorded an average annual gain of 18 percent since its inception 1974. Not only China and Singapore.
A number of other Asian countries, including Russia, South Korea, Australia, and India last three years also continue to fatten their SFW. In contrast to his colleagues in China and Singapore, South Korea more carefully. South Korea launched its own SFW in 2005. This institution has agreed overseas acquisitions amount USD 20 billion, USD 8 billion of which has been realized in the form of fixed-income investment instruments in developed countries such as the US, Europe region, and Japan. (*)
China and Singapore, with their activity of investment institutions owned by the government (sovereign wealth funds/SFW), are the examples of state capitalism in Asia are able to make the riches countries worried.
Although only a small island state, Singapore, along with China, with their reserves fund of USD 1.4 trillion, is recognized as a symbol of success and a new important actor capitalist countries from developing countries. The total amount of funds managed by SFW developing countries is now estimated by the International Monetary Fund (IMF) reached USD 2.2 trillion to USD 2.5 trillion. Total of USD 2.1 billion dollars of which are controlled by the 20 largest SFW.
Seven biggest SFW This present Standard Chartered are:
1. Abu Dhabi Investment Authority/ADIA of Abu Dhabi (USD 625 billion),
2. Global GPF of Norway (USD 322 billion),
3. Government of Singapore Investment Corporation/GIC of Singapore (USD 215 billion),
4. Kuwait Investment Authority/MCH from Kuwait (USD 213 billion),
5. China Investment Corporation/CIC of China (USD 200 billion),
6. Russia (USD 128 billion), and
7. Temasek Holdings of Singapore (USD 108 billion).
As an illustration, Indonesia's foreign reserves are currently only about 52 billion dollars and the Gross Domestic Product (GDP) of less than USD 300 billion.
The volume of funds managed by this SFW beat funds managed by the hedge funds in the world (USD 1.0 billion to USD 1.5 trillion), which is his actions makes worried world and accused of being behind the financial crisis endanger the stability of the global financial. Also much larger than the accumulated funds managed private equity institutions (equity fund) that USD 700 billion-USD 1.1 billion. However, still less of the funds managed by investment institutions more mature as UBS, Barclays Global Investors, Allianz Group, and others that totaled about USD 53 billion.
Standard Chartered classify the SFW is based on the level of transparency and their investment strategies. Not look like the GPF Global from Norway who tend to be conventional, two SFW from Singapore, GIC and Temasek, is considered likely to pursue dominant ownership in the company acquired. Instead Qatar Fund is considered as a strategic investor and not transparent like SFW from China and the United Arab Emirates. SFW among developing countries, most players today, according to Market Watch, is SFW from Middle East countries, such as Abu Dhabi, Saudi Arabia, Kuwait, and Singapore, Taiwan, South Korea, and Malaysia. Saudi Arabia is believed to put about USD 250 billion in their SFW, while Abu Dhabi about USD 875 billion.
The action of the SFW :
1. Abu Dhabi Investment Authority (ADIA), one of Abu Dhabi SFW founded in 1977, mainly targeting banks in London.
ADIA last major investment among others in Prime West Energy Trust in Canada (USD 5 billion). SFW from Abu Dhabi other newly established in 2002, Mubadala, also stunned the world with the acquisition of 5 percent of the company Ferrari recently.
2. GIC among others buy half ownership leading WestQuay shopping center in Southampton (USD 600 million),
3. Merrill Lynch Financial Centre (USD 960 million), and a 50 percent stake in Westfield Parramatta property company in Australia (USD 584 million).
4. SFW from Kuwait, KIA, among others, bought a 7.2 percent stake in the automaker Daimler-Chrysler (USD 8.1 billion).
5. China Investment Corporation to buy 10 percent stake in Blackstone (USD 3 billion).
6. Temasek bought 12 per cent of Barclays shares worth nearly 2 billion dollars, 12 percent of the shares of ABC Learning Centres in Australia, and 24 percent of China Eastern Airlines.
Temasek which is its state-owned enterprises Ministry of Finance of Singapore began highlighted when SOE acquired family-owned Shin Corp Thaksin Shinawatra while he was still serving as the Prime Minister of Thailand, September 2006. The acquisition of the largest telecommunications companies in Thailand amount USD 1.9 billion is widely opposed by Thai people and helped to trigger protests against Thaksin that led to the meltdown of Thaksin in a coup by the military junta. Together with GIC which manages USD 100 billion pension fund in Singapore and has 900 employees and eight offices spread across a number of countries, Temasek controls more than USD 180 billion of assets. For comparison, assets managed by Goldman Sachs Asset Management is only USD 33 billion and Blackstone, the largest private equity institutions, USD 80 billion. Temasek who started the acquisition maneuver aggressively in Asia four years ago, recorded an average annual gain of 18 percent since its inception 1974. Not only China and Singapore.
A number of other Asian countries, including Russia, South Korea, Australia, and India last three years also continue to fatten their SFW. In contrast to his colleagues in China and Singapore, South Korea more carefully. South Korea launched its own SFW in 2005. This institution has agreed overseas acquisitions amount USD 20 billion, USD 8 billion of which has been realized in the form of fixed-income investment instruments in developed countries such as the US, Europe region, and Japan. (*)
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