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NPS loses US$ 57 billion in the first half of 2022, alternatives reach 15.3%

29th August, 2022

One of the world’s largest pension schemes, South Korea’s National Pension Service (NPS), released on Monday its latest results and the numbers are worrisome. In the first half of 2022, the investment manager had an investment return of -8.0%, translating into a loss of US$ 57 billion for South Korean pensioners.

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Seoul-d on Alts: External Managers Set to Benefit from Korea’s Private Markets Drive

12th August, 2022

Korea’s state investors are pushing forward with their plans to boost allocations to private markets – and external managers are benefiting from the multi-billion dollar surge in sovereign cash.

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External Managers and Real Assets Soften Hit on CPP’s Quarterly Return

12th August, 2022

The Canada Pension Plan (CPP) has reported a 4.2% decline in its assets over the latest quarter to C$523 billion (US$410 billion) due to a net loss of C$23 billion, alongside C$7 billion in net transfers.

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Fund of the Month (Aug'22): National Development Fund of Iran (NDFI)

1st August, 2022

During Covid-19, the NDFI played an important role in Iran as it supported the production of vaccines and stabilized capital markets. With assets of over US$ 140 billion, the fund is now ready for some changes including investments overseas. We had the immense pleasure of hearing about its latest developments and future plans from its Chairman, Dr. Ghazanfari.

GIC Feels the Pressure, Secondaries will be Focus in Private Equity

27th July, 2022

The latest annual report by Singapore’s sovereign wealth fund GIC suggests the fund witnessed a sharp dip in performance in FY2021/22, with its highly liquid portfolio hit by the global market turmoil that followed the Russian invasion of Ukraine.

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Dutch Lessons: Inflation and Market Turmoil are Major Challenges for PPFs

22nd July, 2022

The performance of Dutch public pension funds has proven robust despite the impact of the Ukraine crisis on the European economy, but a sharp decline in yields across asset classes will challenge their ability to defend funding ratios while raising pensions in line with inflation.

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CIC Consolidates Overseas Operations, Rivals NBIM as World's Biggest SWF

21st July, 2022

Following 18 months of rumor, the China Investment Corp (CIC) is merging CIC International and CIC Capital, bringing together overseas private equity and infrastructure operations merged into a single unit, according to Bloomberg.

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PE Rescues CalPERS’ Performance, but Musicco Doesn’t Change Her Tune on Overhaul

20th July, 2022

Healthy private equity returns helped the US$446 billion California Public Employees' Retirement System (CalPERS) beat its -7.0% benchmark return with a -6.1% net return on the financial year ending June 30.

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Japan’s Goliath-Sized Fund Proves Resilient in Crisis

18th July, 2022

Japan’s JPY196.6 trillion (US$1.42 trillion) Government Pension Investment Fund (GPIF) weathered the geopolitical turmoil that rocked markets in the wake of the Russian invasion of Ukraine, reporting a mere 1.1% decline in the portfolio in the last quarter of FY2021/22, corresponding with Q1 of 2022.

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Oman Achieves Double-Digit Return and Plans Divestment to Diversify Economy

13th July, 2022

The Oman Investment Authority (OIA) notched up a 10.3% return in 2021, in a year in which it completed 35 investments in private markets, according to its latest report.

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Temasek Future Proofs for Tough Times Ahead

12th July, 2022

Temasek posted a respectable 5.8% return in a year of immense change for the Singaporean state-owned investor, which saw it recruit a new chief executive, Dilhan Pillay Sandrasegara, following 17 years under Ho Ching.

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Giant Russian Sovereign Fund's Highs Hide Soaring Risks

6th July, 2022

Russia’s National Wealth Fund continues to defy past expectations, swelling its assets under management to US$210.6 billion – but it may not be all plain sailing for the hefty stabilization fund.

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