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NPS’s Return Hit by Staffing Problems and External Manager Underperformance, Claims Lawmaker

18th October, 2024

The KRW1.2 trillion (US$875 million) Korea’s National Pension Service (NPS) has paid to external managers for its global equities portfolio over the past three years is not good value for money, according to a lawmaker from the country’s ruling People Power Party, reports The Korea Times.

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How Resilient is NBIM as it Faces Massive State Withdrawals and Heightening Global Risks?

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.

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Fund of the Month (Oct'24): Future Generation Reserve (FGR)

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.

NZ Super Trounces Peers in Both Annual and Long-Term 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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South Korea Examines NPS Overhaul to Win Back Confidence

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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PIF Generates 9% Annual Return in 2023, Strides Towards US$1trn AUM

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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Tech Stocks Lift NBIM in H1, But Real Assets Disappoint

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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Public Equities and Commodities Lead OTPP's H1 Performance

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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Hong Kong Fund: Exchange Fund Hit by Currency Woes, but HKIC Furthers AI Mission

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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GIC’s Results Indicate Bumper Annual Return for 2023/24 and AUM of US$847bn

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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Kazakhstan’s Fund Boosted by Uranium, Oil and Gas, and Rail Activity

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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Temasek Delivers Sluggish Return, But Prepares for Diversification and Mega-Trends

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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