23rd March, 2023
Norway’s US$1.3 trillion Government Pension Fund Global – overseen by Norges Bank Investment Management (NBIM) – has made a third weighty investment in European renewable energy with the acquisition of a 16.6% in He Dreiht, a 960MW offshore wind project in the German North Sea, for EUR430 million (US$468 million).
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16th March, 2023
The sovereign investor universe is being pummelled by the turmoil in the trade of banking stocks on global markets, revealing yet again doubts over strategy that had previously been highlighted in crypto-related investments.
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8th February, 2023
The first flurry of full-year returns results for sovereign wealth funds and public pension funds shows a large spread of results, but is broadly in line with year-end estimates in Global SWF’s 2023 Annual Report.
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31st January, 2023
The ripple effects of Russia’s invasion of Ukraine caused the biggest loss since the 2008 financial crisis for Norway’s US$1.3 trillion sovereign wealth fund – and put boosters on its case for portfolio diversification into private markets.
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17th January, 2023
NBIM’s acquisition of a 49% interest in a 1.3GW portfolio of solar plants and onshore wind farms located in Spain marks the first investment in unlisted renewables in nearly two years, but the Norwegian SWF is a long way short of its initial target of 2% AUM in the sector.
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3rd January, 2023
The completion of a tender award for the first logistics area at the Adolfo Suárez Madrid-Barajas Airport City to P3 Group will help raise the value of GIC’s European logistics real estate platform to around US$9 billion in 2023, securing its place as one of Europe’s biggest logistics investors.
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11th November, 2022
The China Investment Corporation's (CIC) annual report released today showed the fund had notched up a record AUM of US$1.35 trillion at end-2021 with its foreign portfolio reporting a return of 14.3% - and signs are that this year it has surpassed Norway’s NBIM to become the world’s biggest ever sovereign wealth fund.
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7th November, 2022
Japan’s goliath US$1.34 trillion pension fund, the Government Pension Investment Fund (GPIF), has racked up an impressive performance in the face of major challenges, with a return for Q1-Q3 of the current calendar year of -3.8% - thanks to yen depreciation, a high allocation to fixed income and the Tosho’s relatively benign performance.
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20th October, 2022
Norway’s US$1.2 trillion sovereign wealth fund manager Norges Bank (NBIM) and the US$185 billion Canadian Public Sector Pension Investment Board (PSP) have kicked off their GBP1.5 billion UK life science real estate partnership with an acquisition in the university city of Cambridge.
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21st September, 2022
Exclusion of carbon-intensive assets is the easiest way of achieving a greener portfolio, but Canadian state-owned investor Alberta Investment Management Corporation (AIMCo) believes pension funds can do one better than simply divesting from fossil fuels to address climate change.
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19th September, 2022
The Qatar Investment Authority (QIA), Norway’s Norges Bank, and Abu Dhabi’s ADQ are joining with institutional investor T. Rowe Price as key cornerstone investors in the EUR9.4 billion IPO of Porsche AG, together committing up to EUR3.7 billion - signalling that SWFs' interest in the automotive industry continues to grow.
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17th August, 2022
With markets in turmoil due to the energy price spike following Russia’s intervention in Ukraine, losses were to be expected in H1 – yet, recent results indicate that private markets are a good hedge against the impact on nosediving public equities.
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