28th November, 2023
The world’s biggest sovereign wealth fund looks set to enter the private equity market for the first time, under the direction of former hedge fund manager CEO Nicolai Tangen.
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15th November, 2023
Norway’s sovereign wealth fund manager continues to pile tens of millions into Boston real estate with its latest acquisition being a life sciences campus that is in the early stages of development.
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9th November, 2023
State-owned investors continued to slash their Chinese equity holdings in 2023 due to heightened geopolitical risks, poor returns and reduced IPOs.
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24th October, 2023
Norway’s sovereign wealth fund, known as GPFG or NBIM, returned -2.1% in the third quarter of 2023, with all asset classes having similar negative returns. The aggregrate results for the first nine months of 2023 are still positive at 7.7%, thanks to the strong recovery of the equity markets, when compared to 2022.
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11th October, 2023
On October 11, 2008, the International Monetary Fund (IMF)-convened International Working Group of Sovereign Wealth Funds (IWG-SWF) formally launched the Generally Accepted Principles and Practices (GAPPs), also known as the Santiago Principles. Fifteen years later, the 24 guidelines are in dire need of a comprehensive reformulation.
15th September, 2023
A research report published this week by Norway’s sovereign wealth fund manager Norges Bank Investment Management (NBIM) found that long-term returns from venture capital and growth equity funds have underperformed public equities by 1-2% on average over the past 48 years, but its conclusions give some support for the conservatively allocated US$1.4 trillion Government Pension Fund Global (GPFG) to shift into private markets.
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7th September, 2023
The world’s biggest sovereign wealth fund, Norges Bank (NBIM), announced today that it had shut its Shanghai office after 16 years of operation, although it insists the decision was “operational” and it would continue to invest both directly and via funds and Singapore would be used as its hub for the region.
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16th August, 2023
The Norwegian sovereign wealth goliath Norges Bank (NBIM) has excelled in its performance over the first half of the year, with a 9.8% return helping to turn around a dismal performance in 2022 when it reported a 14.1% loss, equivalent to US$164 billion.
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23rd June, 2023
As industry analysts, we have always been fascinated by the changing meter on NBIM’s website. Anyone can see the market value of the world’s largest SWF at any point in time, according to the fluctuations in global financial markets. Over the years, NZ Super joined this effort and is now showing an “AuM-clock” on their homepage, too.
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21st April, 2023
Norway’s Government Pension Fund Global (GPFG), managed by Norges Bank (NBIM), has affirmed its position as the world’s biggest sovereign wealth fund after posting a 5.9% return in Q1, led by a recovery in equity investments.
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20th April, 2023
State-owned investors (SOIs) are dumping their Shanghai-listed A-Shares and rapidly reducing their exposure to Chinese public markets amid rising geopolitical risks and market uncertainty.
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12th April, 2023
Norway’s US$1.35 trillion sovereign wealth fund, the Government Pension Fund Global, could start investing in private equity, potentially funneling billions into the asset class - but even if Norges Bank Investment Management (NBIM) agrees to a government request to examine "various aspects of unlisted equities”, any deployment is likely to be gradual and conservative.
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