1st October, 2024
Bahrain may be the smallest country in the GCC in terms of population and economy, but its Sovereign Investment industry is well developed, with two active SWFs: one for stabilization and savings function (Future Generation Reserve, or FGR) and another one for strategic and development purposes (Mumtalakat). The FGR had been a relatively low-profile SWF until 2020, when the government of Bahrain withdrew US$ 450 million, or half of its assets back then, to maintain economic stability. The withdrawal was followed by a change in the deposit rules, and the fund has been growing again thanks to new inflows and strong investment returns.
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.
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30th August, 2024
South Korea’s National Pension Fund (NPS) is set for an overhaul as it struggles to prove it will provide long-term financial security for the country’s ageing population, although it logged a strong performance in H1 2024 with a return of 9.71% led by robust growth in public equity.
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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.
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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.
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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.
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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.
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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.
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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.
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9th July, 2024
Singapore’s state-owned investor Temasek has reported a 1.8% rise in AUM to S$389 billion (US$288 billion), making it the world’s 11th biggest sovereign investor.
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3rd July, 2024
Saudi Arabia’s Public Investment Fund (PIF) bounced back in 2023, with a net profit of SAR64.4 trillion (US$17.2 billion), according to a KPMG audit report lodged with the London Stock Exchange - and it is now likely to be in the unique group of "tera-funds" with over US$1 trillion of assets under management.
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4th June, 2024
The Oman Investment Authority (OIA) notched up a 9.95% return in 2023, compared to 8.80% in 2022, as its total assets under management surged by more than OMR1 billion (US$2.6 billion) to reach OMR19.24 billion (US$50 billion).
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