Layout:

Future Fund Limits Equities Volatility by Tilting to Private Credit

27th October, 2023

Australia’s Future Fund reported a negative return of 0.5% in Q3 with A$900 million wiped off the value of the sovereign wealth fund to A$205.2 billion (US$130 billion) – but its 12-month return was a positive 6.3% amid heightened volatility.

Subscriber Post

Norway’s SWF mirrors the market, stays as world’s largest

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.

Subscriber Post

ADQ’s portfolio jumps to US$ 200 billion pushed by TAQA’s rally

23rd October, 2023

Abu Dhabi Inc. is an ever-changing landscape, and its various Sovereign Wealth Funds are making strides both at home and overseas. One of them is ADQ, formerly known as Abu Dhabi Development Holding, which contributes to about 22% of the emirate’s non-oil GDP.

Subscriber Post

ADIA recovers from a bad 2022, spins off RE & Infra and remains bullish on PE/PC and China

10th October, 2023

On Tuesday, ADIA finally released its 2022 Annual Report, shedding some light on its latest developments:

Subscriber Post

Losing Musicco as CIO Raises Questions Over CalPERS’s Future Private Equity Strategy

18th September, 2023

The US$463 billion California Public Employees’ Retirement System (CalPERS) has lost another CIO with Nicole Musicco quitting her position after less than two years for family reasons.

Subscriber Post

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.

Subscriber Post

Rwanda's Rapidly Evolving Sovereign Wealth Fund Gets Female CEO

8th September, 2023

Rwanda’s Agaciro Development Fund (AgDF) is one of several state institutions seeing a change of leadership this week, with Gilbert Nyatanyi replaced as CEO by Tesi Rusagara, who was serving as the Managing Director at Kigali Innovation City and also board member of the Capital Markets Authority Rwanda. Aged 33, she holds an MBA from Stanford and worked in Deloitte US before returning to Rwanda in 2019.

Subscriber Post

Strong Result for Korea's NPS as it Plans Diversification Push

6th September, 2023

South Korea’s National Pension Service (NPS) notched up a 9.1% return on investment in H1 2023, securing its position as the world’s second biggest public pension fund with assets under management totalling KRW983 trillion (US$742 billion).

Subscriber Post

NBIM Surge Supported by Tech Stocks, But Long-Term Risks Remain

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.

Subscriber Post

Oman's SWF OIA Impresses with Strong Return and Portfolio Growth

2nd August, 2023

The Oman Investment Authority (OIA) has released one of the most comprehensive disclosures of any Middle Eastern sovereign wealth fund, reporting an 8.8% annual return and total AUM of OMR17.9 billion (US$46.6 billion) in 2022, an increase of approximately 11%.

Subscriber Post

Civil Servant Pensions: Californian and Japanese Funds Struggle to Meet Long-Term Liabilities

21st July, 2023

While private equity has taken a pummeling recently, the long-term performance of two civil servant pension funds at the opposite sides of the world indicates that the asset class - along with real estate, infrastructure and private credit - will remain crucial to covering long-term pension liabilities.

Subscriber Post

Korean State-Owned Investors Lifted by Public Markets, But Plan for More Private Equity

14th July, 2023

With combined assets under management of US$1.45 trillion, South Korea’s state-owned investors – comprised of one sovereign wealth fund and six public pension funds – are major players in global markets, and their evolving strategies are set to have a significant impact on investment flows, with alternative asset classes set to be the main winners.

Subscriber Post