Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (52552)	7/20/2009 3:18:30 PM
From: elmatador	Read Replies (1) \| Respond to of 217561

Sovereign wealth funds suffer sharp falls while 'Emerging-Market Bondholders Recoup Losses From Financial Crisis' Message 25792667 Next time those money bags need to be spread evenly and in full force to the emerging markets. I hope they have learned the lessons. Sovereign wealth funds suffer sharp falls By David Oakley ft.com Published: July 20 2009 19:10 \| Last updated: July 20 2009 19:10 The financial clout of sovereign wealth funds has been savaged by the credit crisis as the value of their assets has plunged and forecasts for their growth have been dramatically scaled back. Assets under management at the end of the first quarter were estimated at $3,000bn – some $600bn less than at the end of 2007 – as the collapse in equities, real estate and other securities hit funds’ holdings, according to Deutsche Bank. EDITOR’S CHOICE S Korean wealth fund joins forces with peers - Jun-19.In depth: Sovereign wealth funds - Nov-04.Powerful Singapore bureaucrat to head GIC - Jun-18.Qatar wealth fund in talks over Porsche stake - Jun-08.Concern that sheikh has called end of rally - Jun-02.Qatar fund eyes global property expansion - May-21..Deutsche Bank’s analysts have also shaved estimates for sovereign wealth fund growth to $7,000bn by 2019 compared with forecasts of $10,000bn by 2016 in a survey two years ago. Steffen Kern, analyst at Deutsche Bank, said: “Sovereign wealth funds have suffered in the financial crisis and its fallout. Their total assets have fallen quite sharply since 2007. “This is because of the fall in global equities and other assets such as real estate. The flood of new money into these funds, which we saw in large volumes before the crisis, has abated too.” Sovereign wealth fund portfolios have contracted 18 per cent since the end of 2007. This is mainly because of a 45 per cent decline in the value of their equity portfolios. These funds, which are mainly held in Asia (43 per cent) and the Middle East (29 per cent), have markedly reduced their new investments, while accelerating the sale of assets in recent months. Until the end of the first quarter, they had completed only $10bn in investment transactions compared with $58bn in the whole of 2008. This represents a fall of more than 50 per cent on an annualised basis, according to Deutsche Bank. On top of this, the funds are sensitive to macroeconomic risks because of exchange rate movements, commodity price changes, trade and capital flows, and political risks from possible protectionism. The Deutsche Bank research makes clear that sovereign wealth funds are far less important in the financial markets than banks, investment funds, insurance companies and pension funds, which have much bigger holdings. Bank assets amount to $96,000bn, investment funds hold $22,000bn, insurance companies $21,000bn and pension funds $19,000bn. In spite of this, Mr Kern says the long-term prospects of sovereign wealth funds are positive. They could continue to outstrip the growth of groups such as hedge funds, which are a third of their size with holdings of $1,000bn. “They are still a big player in the global capital markets,” Mr Kern said. “They will remain key investors in companies, banks and other institutions and assets.” The biggest funds are the Abu Dhabi Investment Authority, with $700bn under management, Norway’s Norges Bank Investment Management fund, with $350bn under management, the Government of Singapore Investment Corporation, with $350bn, and the China Investment Corporation, with $200bn under management.

To: TobagoJack who wrote (52552)	7/24/2009 12:25:52 AM
From: pezz	Read Replies (2) \| Respond to of 217561

Ok ok it's a bit early for crowin. <<i am doing as little as possible in equity space>> yeah, me too ...lack of money is the reason here. But the continued rise of DPW of which I hafta be a major share holder is becomin more excitin day by day. Been holdin for 4&1/2 years an addin more little by little over the years . Tiny company, very thin, propriety high density products, new contracts with CSCO. earnings due inna coupla weeks don't know when the results of the new contracts will show up but one of'em is for their product goin into an IPTV product of CSCO.