DAILY WEALTH LETTER
a daily synopsis of wealth news that’s most relevant, timely and dependable
Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)
NUMBER 230 MONDAY, JUNE 13, 2016
East Timor faces off against Australia over oil
East Timor is now spending $2.1 billion (£1.45 billion) on roads, airport facilities and a supply base for offshore rigs along the south coast, with private investors expected to tip more in for refining facilities. READ MORE: https://thewealthforums.com/
Unicorns use funds instead of IPOs
A series of large investments from sovereign wealth funds has given private companies yet another means to put off an IPO, potentially spawning a new age of megadeals valued at $100 million or more that can help companies keep their valuations high. READ MORE: https://thewealthforums.com/
Sovereign funds find safety in bricks
State-backed investment vehicles increased their allocations to property by 29 percent last year, according to research looking at 77 sovereign funds with $8 trillion in assets. READ MORE:https://thewealthforums.com/
Trinidad & Tobago taps wealth fund
Trinidad & Tobago, the Caribbean’s largest oil and natural gas producer, has joined Qatar, Russia and other energy-rich nations by tapping its sovereign wealth fund after low oil prices left the government with a budget shortfall. READ MORE: https://thewealthforums.com/
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