K\u00fcresel piyasalarda likidite s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 ya\u015fan\u0131rken t\u0131pk\u0131 2008 krizinde oldu\u011fu gibi K\u00f6rfez varl\u0131k fonlar\u0131 yat\u0131r\u0131m kanallar\u0131n\u0131 geni\u015fletiyor. Uzmanlar, K\u00f6rfez sermayesinin zaman i\u00e7inde yat\u0131r\u0131m kapasitesini art\u0131rd\u0131\u011f\u0131n\u0131 ve do\u011frudan yat\u0131r\u0131mlara y\u00f6neldi\u011fini s\u00f6yl\u00fcyor. <\/b><\/p>\n
2008’de likidite d\u00fcnya piyasalar\u0131ndan buharla\u015ft\u0131\u011f\u0131nda K\u00f6rfez’in en zengin monar\u015fileri, Citigroup gibi Bat\u0131l\u0131 bankalar\u0131n hisselerine ya da \u0130ngiliz futbol kul\u00fcb\u00fc Manchester City ve Londra’n\u0131n en b\u00fcy\u00fck ma\u011fazalar\u0131ndan biri olan Harrods gibi de\u011ferli varl\u0131klara yat\u0131r\u0131m yaparak devreye girmi\u015fti. K\u00f6rfez sermayesi o g\u00fcn oldu\u011fu gibi bug\u00fcn de i\u015f ba\u015f\u0131nda.<\/p>\n
Emtia piyasas\u0131ndan gelen nakitle dolup ta\u015fan ve 3 trilyon dolardan daha b\u00fcy\u00fck bir mebla\u011f\u0131 kontrol eden b\u00f6lgenin en b\u00fcy\u00fck devlet fonlar\u0131 halihaz\u0131rda k\u00fcresel anla\u015fmalara milyarlarca dolar ak\u0131t\u0131yor ve k\u0131r\u0131lgan piyasa ko\u015fullar\u0131nda \u015firketler a\u00e7\u0131s\u0131ndan son \u00e7are niteli\u011findeki fon sa\u011flay\u0131c\u0131s\u0131 rol\u00fcn\u00fc \u00fcstleniyor.<\/p>\n
K\u00d6RFEZ’E RA\u011eBET ARTIYOR<\/b><\/p>\n
2008 mali krizinden bu yana ge\u00e7en s\u00fcrede ucuz paraya ve yat\u0131r\u0131mc\u0131lara eri\u015fim artt\u0131\u011f\u0131ndan \u015firketlerin y\u00fcz\u00fcn\u00fc K\u00f6rfez’e d\u00f6nmesini gerektirmeyecek bir ortam olu\u015ftu. Bu finansman kaynaklar\u0131 kurumaya ba\u015flad\u0131\u011f\u0131nda b\u00f6lgenin petrol zengini devletlerine ra\u011fbet yeniden artt\u0131. Bu da K\u00f6rfez sermayesine, varl\u0131klar\u0131n\u0131 iyi bir \u015fekilde se\u00e7me ve petrole ba\u011f\u0131ml\u0131l\u0131ktan uzakla\u015fma stratejisini kuvvetlendirme f\u0131rsat\u0131 veriyor.<\/p>\n
Bloomberg’e konu\u015fan ve geli\u015fmeleri yak\u0131ndan takip eden bir kaynak, New York’tan Londra ve Singapur’a kadar d\u00fcnya genelindeki b\u00fcy\u00fck anla\u015fmalar i\u00e7in K\u00f6rfez fonlar\u0131n\u0131n arand\u0131\u011f\u0131n\u0131 s\u00f6yledi. Kayna\u011fa g\u00f6re, ABD merkezli bir yat\u0131r\u0131m bankas\u0131 b\u00f6lgenin en b\u00fcy\u00fck para y\u00f6neticilerinden birini 20 milyar dolarl\u0131k bir anla\u015fmaya yat\u0131r\u0131m yapmas\u0131 i\u00e7in ikna etmeye \u00e7al\u0131\u015f\u0131yor.<\/p>\n
\u0130smi belirtilmeyen, d\u00fcnyan\u0131n en b\u00fcy\u00fck yat\u0131r\u0131m \u015firketlerinden birinin \u00fcst d\u00fczey bir y\u00f6neticisi de piyasaya bir s\u00fcredir normalden daha fazla Orta Do\u011fu paras\u0131n\u0131n geldi\u011fini s\u00f6yl\u00fcyor.<\/p>\n
ORTA DO\u011eU VE AFR\u0130KA DI\u015eINA 28,6 M\u0130LYAR DOLAR<\/b><\/p>\n
Bloomberg’in derledi\u011fi verilere g\u00f6re, b\u00f6lgenin en b\u00fcy\u00fck devlet varl\u0131k fonlar\u0131 bu y\u0131l Orta Do\u011fu ve Afrika d\u0131\u015f\u0131nda en az 28,6 milyar dolar de\u011ferinde sat\u0131n alma i\u015flemine kat\u0131ld\u0131. Verilere g\u00f6re bu, 2021’e k\u0131yasla y\u00fczde 45 art\u0131\u015f anlam\u0131na geliyor ve kay\u0131tlardaki herhangi bir d\u00f6nemden daha fazla yat\u0131r\u0131m yap\u0131ld\u0131\u011f\u0131na i\u015faret ediyor.<\/p>\n
Sadece son birka\u00e7 ayda K\u00f6rfez fonlar\u0131, New York merkezli varl\u0131k y\u00f6neticisi Fortress Investment Group’tan, \u0130sve\u00e7 merkezli finans ve teknoloji \u015firketi Klarna’ya ve \u0130ngiliz otomobil \u00fcreticisi Aston Martin Lagonda Global Holdings Plc.’e kadar \u00e7e\u015fitli d\u00fczeylerde sat\u0131n alma i\u015flemleri ger\u00e7ekle\u015ftirmek \u00fczere g\u00f6r\u00fc\u015fmelere kat\u0131ld\u0131.<\/p>\n
K\u00f6rfez sermayesi tarihsel olarak k\u0131r\u0131lganl\u0131\u011f\u0131n y\u00fcksek oldu\u011fu ve de\u011ferlerin d\u00fc\u015ft\u00fc\u011f\u00fc d\u00f6nemlerde \u00e7ekici f\u0131rsatlar\u0131 kovalam\u0131\u015f olsa da bu seferki temel fark teknoloji ve sa\u011fl\u0131k hizmetleri gibi sekt\u00f6rlere y\u00f6nelmeleri. \u00d6zel sermaye \u015firketlerini destekliyorlar ve daha do\u011frudan anla\u015fmalar yapmak i\u00e7in b\u00fcy\u00fck kurulu\u015flarla kurduklar\u0131 ili\u015fkilerden yararlan\u0131yorlar.<\/p>\n
\u2018YATIRIM STRATEJ\u0130LER\u0130 SOF\u0130ST\u0130KE HALE GELD\u0130’<\/b><\/p>\n
Dan\u0131\u015fmanl\u0131k \u015firketi Eurasia Group’un Orta Do\u011fu ve Kuzey Afrika ba\u015fkan\u0131 Ayham Kamel, K\u00f6rfez’deki devlet varl\u0131k fonlar\u0131n\u0131n yat\u0131r\u0131m stratejilerinde daha sofistike hale geldi\u011fini belirtiyor.<\/p>\n
Petrol gelirlerinin h\u0131zla harekete ge\u00e7irilebilmesi nedeniyle k\u00fcresel piyasa ko\u015fullar\u0131n\u0131n da K\u00f6rfez’in y\u00fckseli\u015fini destekledi\u011fini ifade eden Kamel, anla\u015fmalar\u0131n alternatif bir uluslararas\u0131 gelir ak\u0131\u015f\u0131 geli\u015ftirmeye yard\u0131mc\u0131 oldu\u011funu s\u00f6yledi.<\/p>\n
Birle\u015fik Arap Emirlikleri (BAE) Ulusal G\u00fcvenlik Dan\u0131\u015fman\u0131 \u015eeyh Tahnoon Bin Zayed liderli\u011findeki holding Royal Group bu s\u00fcre\u00e7te y\u00fcksek profilli anla\u015fmalar i\u00e7in \u00f6nemli bir g\u00fczergah haline geldi.<\/p>\n
YATIRIMLAR HIZLA ARTIYOR<\/b><\/p>\n
Firma, Hindistanl\u0131 sanayici Gautam Adani ve Kolombiyal\u0131 bankac\u0131 Jaime Gilinski de dahil olmak \u00fczere milyarderlerle birlikte yat\u0131r\u0131mlar yaparken SoftBank Group y\u00f6neticisi Rajeev Misra taraf\u0131ndan ba\u015flat\u0131lan yeni bir fona da kaynak aktard\u0131.<\/p>\n
BAE Devlet Ba\u015fkan\u0131 \u015eeyh Muhammed bin Zayed liderli\u011findeki \u015firket Mubadala, Almanya merkezli sigorta giri\u015fimi Wefox\u2019u destekledi, \u0130sve\u00e7 merkezli t\u0131bbi nakliye firmas\u0131 Envirotainer AB\u2019yi sat\u0131n almay\u0131 kabul etti ve ayr\u0131ca Fortress Investment\u2019\u0131 sat\u0131n almak i\u00e7in g\u00f6r\u00fc\u015fmelerde bulunuyor.<\/p>\n
\u00d6te yandan varl\u0131k fonu, Klarna’n\u0131n de\u011feri ge\u00e7en y\u0131lki 45,6 milyar dolarl\u0131k seviyeden 6,7 milyar dolara d\u00fc\u015ft\u00fckten sonra yeni bir yat\u0131r\u0131mc\u0131 olarak ortaya \u00e7\u0131kt\u0131.<\/p>\n
Di\u011fer anla\u015fmalar aras\u0131nda Emirates Telecommunications’\u0131n Vodafone\u2019a yapt\u0131\u011f\u0131 4,4 milyar dolarl\u0131k yat\u0131r\u0131m yer al\u0131rken, Abu Dabi Yat\u0131r\u0131m Otoritesi, Global Infrastructure Partners’la birlikte Alman \u015firket VTG’yi yakla\u015f\u0131k 7,4 milyar dolara sat\u0131n almak i\u00e7in bir araya geldi.<\/p>\n
Suudi Arabistan, Katar ve Kuveyt\u2019teki devlet destekli yat\u0131r\u0131m devleri de harekete ge\u00e7ti. Riyad merkezli kamu yat\u0131r\u0131m fonu, \u0130ngiliz otomobil \u00fcreticisi Aston Martin\u2019deki hissesini art\u0131r\u0131yor, Katar Yat\u0131r\u0131m Otoritesi, blok zincir end\u00fcstrisindeki anla\u015fmalar\u0131 inceliyor ve Kuveyt Yat\u0131r\u0131m Otoritesi emlak alan\u0131ndaki i\u015flemleri izliyor.<\/p>\n
K\u00d6RFEZ KEND\u0130S\u0130N\u0130 BATI’YLA SINIRLAMIYOR<\/b><\/p>\n
\u0130spanya’daki IE \u00dcniversitesi’nde devlet fonlar\u0131na ili\u015fkin \u00e7al\u0131\u015fmalar y\u00fcr\u00fcten Javier Capap\u00e9, K\u00f6rfez fonlar\u0131n\u0131n kendisini Bat\u0131l\u0131 \u015firketlerle s\u0131n\u0131rland\u0131rmad\u0131\u011f\u0131n\u0131; \u00c7in, Hindistan, Singapur ve ba\u015fka yerlerdeki yat\u0131r\u0131mc\u0131lara y\u00f6nelerek a\u011flar\u0131n\u0131 geni\u015fletti\u011fini belirtiyor.<\/p>\n
Cumhurba\u015fkan\u0131 Recep Tayyip Erdo\u011fan da yak\u0131n zamanda BAE ve Suudi Arabistan’la ili\u015fkilerin d\u00fczelmesiyle birlikte ticari, sanayi, k\u00fclt\u00fcrel ve turizm ili\u015fkilerin geli\u015ftirilece\u011fini s\u00f6ylemi\u015fti. Erdo\u011fan kapsaml\u0131 ekonomik anla\u015fmalara var\u0131lmas\u0131 i\u00e7in s\u00f6z konusu iki \u00fclkeyle m\u00fczakerelerin y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fcn\u00fc ifade etmi\u015fti.<\/p>\n
T\u00dcRK\u0130YE\u2019DEK\u0130 KATAR YATIRIMLARI<\/b><\/p>\n
\u00d6te yandan son y\u0131llarda T\u00fcrkiye’yle siyasi ve ekonomik ili\u015fkilerini geli\u015ftiren Katarl\u0131lar\u0131n da \u00fclkede bir\u00e7ok yat\u0131r\u0131m\u0131 bulunuyor. Yat\u0131r\u0131m yap\u0131lan sekt\u00f6rler aras\u0131nda gayrimenkulden finansa, sanayiden medyaya bir\u00e7ok alan yer al\u0131yor.<\/p>\n
Katar’\u0131n T\u00fcrkiye’de sat\u0131n ald\u0131\u011f\u0131 veya ortak oldu\u011fu m\u00fclk ve \u015firketlerden baz\u0131lar\u0131 \u015fu \u015fekilde: Digiturk, Finansbank, Abank, Borsa \u0130stanbul, Beymen, Network, BMC, \u0130stinye Park, Antalya Liman\u0131, SeaPearl Atak\u00f6y, Banvit, \u015eehzade Burhanettin Efendi Yal\u0131s\u0131, S\u00fcleymaniye kentsel d\u00f6n\u00fc\u015f\u00fcm projesi.<\/p>\n
S\u0130YAS\u0130 OLARAK DA KUVVETLEN\u0130YORLAR<\/b><\/p>\n
Yat\u0131r\u0131mlar\u0131n artmas\u0131, baz\u0131 k\u00fcresel \u015firketleri b\u00f6lgeye ek personel kayd\u0131rmaya te\u015fvik ediyor. BAE\u2019nin ticari ba\u015fkenti Dubai, son zamanlarda serbest yat\u0131r\u0131m fonlar\u0131n\u0131 kendisine \u00e7ekerken, daha b\u00fcy\u00fck para y\u00f6neticileri Suudi Arabistan\u2019da yeni ofisler bak\u0131yor.<\/p>\n
D\u00fcnyay\u0131 halihaz\u0131rda pandemi, Rusya-Ukrayna sava\u015f\u0131 ve y\u00fcksek enflasyon gibi geli\u015fmeler derinden etkilerken ekonomik etkinli\u011fini art\u0131ran Orta Do\u011fu liderleri siyasi olarak da ellerini kuvvetlendiriyor.<\/p>\n
ABD Ba\u015fkan\u0131 Joe Biden, Suudi Arabistan\u2019\u0131n fiili h\u00fck\u00fcmdar\u0131 Veliaht Prens Muhammed Bin Selman’la bu ay bir araya geldi ancak petrol \u00fcretiminin artmas\u0131n\u0131 sa\u011flayacak bir taahh\u00fct alamadan ayr\u0131ld\u0131.<\/p>\n
K\u00f6rfez’e ra\u011fbetin artmas\u0131nda enerji fiyatlar\u0131n\u0131 t\u0131rmand\u0131ran sava\u015f kaynakl\u0131 arz s\u0131k\u0131nt\u0131lar\u0131 da etkili oldu. D\u00fcnyan\u0131n en b\u00fcy\u00fck petrol ihracat\u00e7\u0131s\u0131 Suudi Arabistan, ham petrol ihracat\u0131ndan g\u00fcnde 1 milyar dolara yak\u0131n kazan\u0131yor. D\u00fcnyan\u0131n \u00f6nde gelen LNG \u00fcreticilerinden biri olan Katar da Avrupa\u2019n\u0131n Rus enerjisinden uzakla\u015fma giri\u015fimlerinden kazan\u00e7l\u0131 \u00e7\u0131kt\u0131.<\/p>\n
Doha\u2019n\u0131n enerji ihracat\u0131, 2014\u2019ten bu yana ilk kez bu y\u0131l 100 milyar dolara ula\u015facak. \u00d6te yandan BAE, OPEC\u2019in \u00fc\u00e7\u00fcnc\u00fc en b\u00fcy\u00fck \u00fcreticisi ve ba\u015fkenti Abu Dabi, k\u00fcresel olarak 1 trilyon dolar\u0131n \u00fczerinde bir varl\u0131k fonu sermayesini y\u00f6neten birka\u00e7 noktadan biri.<\/p>\n
\u2018YETENEKLER\u0130N\u0130 ARTIRDILAR’<\/b><\/p>\n
Javier Capap\u00e9 zamanla s\u00f6z konusu \u00fclkelerin yat\u0131r\u0131mlar\u0131n\u0131n farkl\u0131 bir noktaya evrildi\u011fini belirtiyor.<\/p>\n
Capap\u00e9, \u201cVarl\u0131k fonlar\u0131 ilk etapta s\u0131n\u0131rl\u0131 ortakl\u0131klarla yola \u00e7\u0131kt\u0131, ikinci etapta ortak yat\u0131r\u0131mc\u0131 oldu, \u00fc\u00e7\u00fcnc\u00fc etapta yat\u0131r\u0131mc\u0131lar\u0131 y\u00f6nlendiren bir noktaya geldi. Ekip olu\u015fturdular, strateji geli\u015ftirdiler ve do\u011frudan yat\u0131r\u0131m yetenekleri art\u0131rd\u0131lar\u201d ifadelerini kulland\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"
K\u00fcresel piyasalarda likidite s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 ya\u015fan\u0131rken t\u0131pk\u0131 2008 krizinde oldu\u011fu gibi K\u00f6rfez varl\u0131k fonlar\u0131 yat\u0131r\u0131m kanallar\u0131n\u0131 geni\u015fletiyor …<\/p>\n","protected":false},"author":1,"featured_media":14364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3900,3899,770,371,944],"class_list":["post-14363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-fonlari","tag-korfez","tag-orta","tag-varlik","tag-yatirim"],"_links":{"self":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/14363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14363"}],"version-history":[{"count":1,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/14363\/revisions"}],"predecessor-version":[{"id":14365,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/posts\/14363\/revisions\/14365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=\/wp\/v2\/media\/14364"}],"wp:attachment":[{"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haberulus.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}