14th November, 2024
On Thursday, ADIA released its results for the year ended on December 31, 2023 – and below is our usual reading between the lines, for our subscribers:
Subscriber Post
5th November, 2024
The rise in the value of the yen and poor performance in domestic equities has delivered Japan’s gigantic Government Pension Investment Fund (GPIF) its biggest quarterly loss since the pandemic struck in 2020 with a return of -3.6%.
Subscriber Post
24th October, 2024
Norges Bank Investment Management (NBIM) reported another quarter of underperformance as its oil-backed Government Pension Fund Global (GPFG) struggled with geopolitical uncertainty and downside risk to public equities.
Subscriber Post
9th October, 2024
The Norwegian government is planning to tap into its US$1.7 trillion sovereign wealth fund to plug a fiscal hole in its 2025 budget plans, but the world's biggest state-owned investor can absorb even multi-billion withdrawals by dint of its massive scale and long-term growth.
Subscriber Post
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.
Subscriber Post
19th August, 2024
Vision 2030 is an overriding mission of Saudi Arabia’s Public Investment Fund (PIF), which has drained cash reserves and drawn on its global portfolio to bolster the Kingdom’s economic diversification program, but the fund continues its path towards US$1 trillion in 2025 and US$2 trillion by the end of the decade.
Subscriber Post
16th August, 2024
Saudi Arabia’s Public Investment Fund (PIF) saw little change in its US public equities holdings, which grew 0.5% to US$20.7 billion in Q2.
Subscriber Post
15th August, 2024
The world’s biggest sovereign wealth fund, Norway’s Government Pension Fund Global (GPFG), managed by Norges Bank (NBIM), reported an 8.6% return in H1, with strong growth in public equities offsetting a disappointing result in other asset classes.
Subscriber Post
14th August, 2024
The performance of Canada’s highly transparent public pension funds can serve as a barometer for trends across the global institutional investor universe, including highly opaque sovereign wealth funds.
Subscriber Post
31st July, 2024
While Hong Kong's US$510 billion Exchange Fund has delivered a net gain in H1 2024, albeit smaller due to the strong US$, the smaller US$8 billion Hong Kong Investment Corporation is laser focused on AI as the saviour of the Chinese territory.
Subscriber Post
24th July, 2024
Singapore’s sovereign wealth fund GIC has published its annual results for 2023 with the media whipping up a storm over the decline in the 20-year return for Singapore’s sovereign wealth fund GIC from 4.6% in 2023 to 4.3% in 2024 - - but there is a bigger story to be told behind the top-line figures.
Subscriber Post
19th July, 2024
Kazakhstan’s Samruk-Kazyna issued a briefing on its 2023 financial results today, boasting a 10% increase in assets to around US$79 billion and 4% growth in income from its portfolio companies.
Subscriber Post