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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.

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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.

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Japan’s GPIF Breaks JPY200trn, Prepares to Pile into PE, RE and Infra

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.

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Temasek loses 5%, reduces investments by half

11th July, 2023

On Tuesday afternoon, Temasek announced its FY23 results, and it was not pretty. For the year ended March 31, 2023, the Singaporean investor booked a -5.1% SGD return (or -3.4% in USD) and a -5.2% loss in portfolio value, from SGD 401 billion (USD 298 billion) to SGD 382 billion (USD 288 billion).

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BCI Notches Up Respectable Returns as it Continues Global Push

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.

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Canadian Comparisons: Infrastructure Pivot Gives PSP the Edge Over CPP

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.

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CPP Makes Modest Return As Infra and Private Equity Heads Move On

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).

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A Snapshot of Mubadala's Performance

22nd May, 2023

Abu Dhabi’s Mubadala reported a 2.9% drop in assets under management to AED1,015 billion (US$276 billion) in 2022, the largest contraction since 2014, but its -3.1% single-year return outstripped the benchmark and industry average (-8.1%)

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NZ Super best performing Sovereign Investor, CEO to leave by year-end

3rd May, 2023

As in 2021 and 2022, we have studied the performance of all major Sovereign Investors. By May, most organizations had already released results, although eight of the 50 funds featured below were yet to report them and we estimated their FY22 yield based on benchmarks. Whenever possible, returns are expressed in net, nominal terms.

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Future Fund Looks to Commodities as Stagflation Hedge

27th April, 2023

Australia’s A$202.8 billion (US$135.8 billion) Future Fund notched up a 3.4% return in the first quarter, as it displayed resilience against stock market volatility and inflation, delivering a 1.1% return for the full financial year ending in March.

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NBIM Posts Healthy Return as it Considers Private Markets

21st April, 2023

Norway’s Government Pension Fund Global (GPFG), managed by Norges Bank (NBIM), has affirmed its position as the world’s biggest sovereign wealth fund after posting a 5.9% return in Q1, led by a recovery in equity investments.

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Nigeria's Sovereign Fund Expands in Challenging Times

4th April, 2023

The Nigeria Sovereign Investment Authority (NSIA) has reported a 10th consecutive year of growth – as Aminu Umar-Sadiq took up the sovereign wealth fund’s leadership.

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