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Sovereign Wealth Funds in 2024: A Year of Contrasts and Strategic Shifts

6th February, 2025

As global markets experienced turbulence in 2024, sovereign wealth funds (SWFs) navigated shifting economic conditions with varying degrees of success.

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DeepSeek Disruption: Magnificent 7 Crash Exposes Sovereign Wealth Fund Risks

28th January, 2025

The global markets have been rocked by the seismic impact of DeepSeek, a Chinese AI startup that has upended the prevailing assumptions about the cost and dominance of artificial intelligence.

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NZ Super receives the “perfect score” award from Global SWF (belatedly)

20th December, 2024

Earlier this month in Riyadh, during the 7th Annual One Planet Sovereign Wealth Funds (OPSWF) Summit, Global SWF recognized the excellence of New Zealand Superannuation Fund (“NZ Super”) around governance, sustainability and resilience (GSR) practices.

NZ Super Trounces Peers in Both Annual and Long-Term Returns

9th September, 2024

The New Zealand Superannuation Fund (NZ Super) continues to beat peers with another strong result boosted by public equities which enabled it to report a 14.9% return in the year to end-June, helping to boost coffers by NZ$11 billion (US$6.8 billion) to reach NZ$77 billion (US$47.4 billion) in FY2023/24.

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2024 GSR Scoreboard

1st July, 2024

We are delighted to present the 2024 GSR Scoreboard, the most comprehensive analysis on the Governance, Sustainability and Resilience (“GSR”) practices and efforts of the world’s major State-Owned Investors (“SOIs”), including Sovereign Wealth Funds (“SWFs”) and Public Pension Funds (“PPFs).

GSR Scoreboard 2024 Perfect Scorer: NZ Super

1st July, 2024

One of the leaders of this year’s assessment is the New Zealand Superannuation Fund (NZ Super), which has for the past two years achieved a perfect score and is usually cited as an example of best practices globally.

Driving Australian Infrastructure: Domestic SWFs Spend US$1.1bn+ on Toll Roads

13th June, 2024

Two Australian sovereign wealth funds - Future Fund and QIC - have teamed up to buy the EastLink toll road network from their New Zealand counterpart NZSuper and Teachers Insurance and Annuity Association of America.

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2024 GSR preliminary scoring finalized, consultation begins

6th May, 2024

The fifth edition of the GSR Scoreboard will be released in eight weeks’ time, on Monday, July 1. Since 2020, Global SWF has issued an annual assessment of the best practices of state-owned investors around Governance, Sustainability, and Resilience.

CalPERS Recruits NZ Super's CIO to Overhaul Private Equity and Boost Sustainable Investment

3rd April, 2024

After five years serving as NZ Super’s CIO, Stephen Gilmore is packing his bags for California where he is set to start his new job at the US$494 billion CalPERS, the US’s largest public pension fund and a massive step up from the US$70 billion New Zealand sovereign wealth fund.

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NZSuper Enters a New Era

27th March, 2024

NZ Super’s Guardians have appointed Jo Townsend as CEO as the Crown entity enters a new era, in which it is showing increasing interest in originating its own direct investments and acquisition of foreign assets.

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NZ Super Leads the Pack: ESG Is Not a Bar to Success

13th September, 2023

Fuelled by growth in global equities, NZ Super reported a barnstorming performance in the financial year ending June 30 with an 11.9% return – the best return of its peers reporting over the same period.

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NZ Super Makes Bold Move with Euroclear Investment

4th September, 2023

 New Zealand’s state-owned investor, NZ Super, has taken a bold step with a direct investment worth almost US$300 million in financial services provider Euroclear.

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