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
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
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
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
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
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
13th July, 2023
Japan’s JPY200.1 trillion (US$1.45 trillion) Government Pension Investment Fund (GPIF) continued to weather geopolitical turmoil and a high inflation environment, notching up a 1.5% return for FY2022 (to end-March 2023) from a highly liquid portfolio that was boosted by strong performance in domestic public equity.
Subscriber Post
12th July, 2023
Saudi Arabia’s Public Investment Fund (PIF) reported a US$11 billion loss for 2022 as global markets tanked, but its annual accounts filed this week with the London Stock Exchange show it has ramped up its Middle East holdings by a staggering US$94 billion to US$175 billion (up 166%) in just two years as it seeks to become a regional investor heavyweight.
Subscriber Post
27th June, 2023
Canadian provincial pension fund British Columbia Investment Management Corporation (BCI) reported a 3.5% return for FY2022/23 with notably strong performances in infrastructure and emerging markets.
Subscriber Post
9th June, 2023
The latest annual results of Canada’s federal-level public pension funds are now out and depict a significant difference in performance between the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments) – with infrastructure proving crucial to achieving higher yields.
Subscriber Post
24th May, 2023
Canada’s biggest public pension fund, CPP Investments, has chalked up a net return of 1.3% for the fiscal year to end-March with assets increasing by 5.8% to C$570 billion (US$422 billion).
Subscriber Post
23rd May, 2023
On May 16, the Government of Qatar issued a rare Amiri decree to reorganize its SWF, allowing the Qatar Investment Authority (QIA) take a more active role in the development of the local market and in the attraction of foreign direct investment. A day later, the fund announced the establishment of a US$ 275 million market-making program at the Qatar Stock Exchange (QSE), which is solely owned by the QIA.
Subscriber Post