Layout:

Real Estate Drags OTPP Down For a Second Year

13th March, 2024

Ontario Teachers’ disappointing return of 1.9% in 2023 represents a negative value add of C$15.8 billion, dragged down by poor performance in real estate and infrastructure.

Subscriber Post

Khazanah Profits Boosted by Malaysian Airlines Rebound

11th March, 2024

As it approaches its 30th anniversary, Malaysia’s sovereign wealth fund, Khazanah, tripled its profit to MYR5.9 billion (US$1.26 billion) in 2023, boosted by dividends from its portfolio companies, with MYR1 billion passed on to the government.

Subscriber Post

Korea's NPS Deployed to Prop Up Undervalued Domestic Stocks

4th March, 2024

South Korea’s massive US$800 billion National Pension Service (NPS) could be reversing its global diversification push with reports that it will plunge KRW11 trillion (US$8.2 billion) into domestic public equities, after reporting its best ever annual return.

Subscriber Post

Poor Real Estate Returns Drag Down Returns of Canada's CDPQ and OMERS

26th February, 2024

The real estate slump dragged down the investment returns for two of Canada’s biggest public pension funds, CDPQ and OMERS, which reported their annual results in recent days - results that confirmed Global SWF's finding of a negative correlation between one-year returns and allocation to alternatives in 2023.

Subscriber Post

Liquidity is Key to 2023 Results, But CPP Shows Alts Unlock Long-Term Returns

16th February, 2024

The latest quarterly results by CPP Investments are helping to tell a story about the performance of the whole sovereign investor industry in 2023, with the relative illiquidity of its portfolio preventing it from taking advantage of the higher returns reported by more liquid funds like NBIM – but Global SWF research suggests that CPP’s strategy still provides superior long-term yield, which is vital for funds with long-term horizons.

Subscriber Post

Global SWF “Fund of the Year” NBIM Scores Biggest Ever Return

30th January, 2024

Norway’s Government Pension Fund Global (GPFG) has notched up its biggest ever return following a surge in it equity investments, offset only marginally by a negative return in real estate.

Subscriber Post

Change at the Top of Future Fund, As Strategy Evolves

29th January, 2024

Australia’s Future Fund has hired a new chair to take over from the long-standing leadership of Peter Costello, with the Labor government choosing a politician – Greg Combet – from their own ranks, whose career has focused heavily on combating climate change.

Subscriber Post

Signs Of Robust 2023 Returns For Sovereign Investors, But 2024 Will Be A Rocky Ride

18th January, 2024

Little over two weeks since the end of 2023 and the first annual returns results are trickling in from state-owned investors, with signs that it was a better year for the sector – however, geopolitical instability is expected to generate market turmoil that could reverse gains in 2024, particularly for highly liquid funds.

Subscriber Post

Global SWF's Most-read Commentaries of 2023

29th December, 2023

This year saw Global SWF publish 250 daily articles on the latest developments in the sovereign wealth universe at a time of rising geopolitical tensions, economic slowdown and high inflation.

2023 Set to See a Reversal of Record Loss by China's CIC

4th December, 2023

The China Investment Corporation (CIC) followed the trend seen across the sovereign investor universe in 2022, reporting its biggest ever decline in its total portfolio value with an annual return that Global SWF estimates at 10.7% - but the year proved to be exceptional with market indices suggesting that losses have been mostly or fully reversed in 2023 and the world’s second biggest sovereign wealth fund bounced back in the Chinese year of the rabbit.

Subscriber Post

ICD Boosts Profits in Line with Dubai's Robust Economic Performance

23rd November, 2023

While Abu Dhabi’s sovereign investor giants attract the most attention, the quieter state-owned investor the Investment Corporation of Dubai (ICD) still remains a top-ranking and highly profitable holding company in the UAE’s second largest emirate.

Subscriber Post

Chinese SWFs get new focus and leadership

13th November, 2023

On Friday, Reuters reported that the China Investment Corporation (CIC) finally found a new chief representative officer for its only overseas office, almost a year after it became vacant. Clare Xiaoqing Bai, a Managing Director that currently serves as Global Head of Private Equity, will move from Beijing to New York to replace Hong Zhang, a trained attorney that spent six years trying to improve the relationships and in-roads of CIC with the Committee on Foreign Investment in the United States (CFIUS).

Subscriber Post