Experts say the country's sovereign wealth fund is only focussed on investments with high returns.
By Reuters - April 13, 2013
Bankers and politicians touting their countries’ wares have to work
hard to get the attention of Qatar’s sovereign wealth fund, such is the
range of its interests, from banks to cars to soccer clubs, and its
exacting requirement for returns.
With estimated assets of about $200 billion, and more than a dozen
potential deals on its radar every week, the state-run firm has no time
for less than compelling investment opportunities and hopes to make more
than 17 per cent on its book this year, according to one banker close
to the fund.
In a series of interviews with top bankers and officials who deal
with the fund, most of whom wished to remain anonymous due to their
business relationships, Reuters probed the thinking behind the gas-rich
Gulf state’s investments and the future destination of its capital.
“There’s clearly an open-door policy. Qatar has no mystery and no
global mission to conquer the world. All it is is buying strategic
shares in big companies at an advantage,” says a senior banker at a
global bank who has worked on several deals for the fund.
Qatar Holding, the investment arm of the wealth fund, has been
actively deploying the nation’s riches from plentiful natural gas in
recent years in a string of high-profile assets ranging from French
soccer club Paris Saint-Germain to stakes in German sports-car maker
Porsche, British bank Barclays and Swiss lender Credit Suisse.
To read more....
No comments:
Post a Comment