Hints and tips:
...A: Everest The Labuan Exploration Company Limited, founded 1918, is now known by what name? A: Financial Times As ever, feedback/pleas/angry missives to alphaville@ft.com....
...Plus, for just £28 extra, you can register by post and not have to use the word “Limited” in your name — not that “Limited” should be considered all that limiting....
...CIC has committed about $75bn of cash to overseas private equity funds, mostly run by US managers, says Diego Lopez, managing director at sovereign wealth fund specialist Global SWF....
...According to executives in the industry, the private equity funds that China and other states have invested in are usually structured in such a way that the investors, known as limited partners, do not exercise...
...But other areas where there is high local demand, but limited supply, such as automotives or defence, will require the PIF importing capacity through acquisitions....
...PIF said its asset base and limited financial leverage give it “considerable scope” to take on debt....
...An important alternative channel of SME financing might exist in sovereign wealth funds (SWFs). Middle Eastern petrostates have some of the largest SWFs in the world....
...That’s limited relief to those fearful that capital is fleeing the UK. Some have downgraded the UK — on par to riskier destinations — when it comes to investment targets....
...So though old creditors press hard for the right to unlimited recovery, debtors fight back establishing limits on their liabilities, hence limited liability....
...Limited supply in recent years has been one factor helping to support the level of gilt yields, which remain at historically wide levels in comparison to US Treasuries....
...“Nothing is imminent and, even if the advice is fully implemented, we believe this will have limited impact on the oil and gas producers, as the holdings of Norges Bank [which runs the SWF] are relatively...
...According to our estimates the AUM at the top 10 SWFs in the world is now at USD 5.4 trillion....
...The first bit, they say, ” has limited implications for bond markets beyond perhaps altering the relative value of government bonds vs other rate products....
...It may hold shares in almost 10,000 companies but in many large ones it is a top-five investor and its ability to trade in and out is limited....
...“Like GIC, we may see more limited partners become more proactive with fund managers they back, by using their knowledge of the portfolio companies to buy stakes directly from them.”...
...The Dubai state investor is following in the footsteps of other regional and Asian SWFs that have been deploying capital across the continent....
...Although the continent has become a magnet for private equity investors, sovereign wealth funds have played a limited role as they have struggled to find deals big enough to match their size....
...But with Nigeria’s central bank mindful of inflation as well as the naira, the scope to cut is limited....
...to CB, SWF and pension funds)....
...Making the SWF a reality however, will take some doing....
...That shareholder is Temasek, the Singaporean SWF, which owns 16 per cent of Olam and has agreed to underwrite the entire offer....
...Given the appetite for luxury among the SWFs, it’s no surprise to see such ideas percolating....
...Current owners have limited options to park their own funds, so can be reluctant to sell, developers say. Ms Barbary says: “They’re going to have to think about it a bit more out of the box....
International Edition