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NZ Super Hit by Equities Slump With -10.7% Return – But Still Beats Benchmark

12th September, 2022

New Zealand’s sovereign wealth fund, NZ Super, witnessed a -10.7% return in the first half of 2022, according to Global SWF calculations, as the decline in equities wiped NZ$5.6 billion (US$3.4 billion) off its portfolio value.

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The Challenges Facing South Korea’s New Pensions Supremo

7th September, 2022

South Korea’s National Pension Service (NPS) has appointed a new chair as the fund faces a set of challenges amid an increasingly difficult economic outlook.

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NPS loses US$ 57 billion in the first half of 2022, alternatives reach 15.3%

29th August, 2022

One of the world’s largest pension schemes, South Korea’s National Pension Service (NPS), released on Monday its latest results and the numbers are worrisome. In the first half of 2022, the investment manager had an investment return of -8.0%, translating into a loss of US$ 57 billion for South Korean pensioners.

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Liquid Assets Dragged AP funds in H1, But Do Alternatives Deliver Long-Term Yield?

26th August, 2022

The H1 performance of Sweden’s public pension funds, overseen by AP-Fondon, appeared to confirm what institutional investors have always thought - private markets are a good hedge against public market volatility - but Global SWF research finds that the truth is far more complex.

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Private Equity and Real Assets: The Hedge Against Public Market Turmoil

17th August, 2022

With markets in turmoil due to the energy price spike following Russia’s intervention in Ukraine, losses were to be expected in H1 – yet, recent results indicate that private markets are a good hedge against the impact on nosediving public equities.

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Seoul-d on Alts: External Managers Set to Benefit from Korea’s Private Markets Drive

12th August, 2022

Korea’s state investors are pushing forward with their plans to boost allocations to private markets – and external managers are benefiting from the multi-billion dollar surge in sovereign cash.

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External Managers and Real Assets Soften Hit on CPP’s Quarterly Return

12th August, 2022

The Canada Pension Plan (CPP) has reported a 4.2% decline in its assets over the latest quarter to C$523 billion (US$410 billion) due to a net loss of C$23 billion, alongside C$7 billion in net transfers.

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Alaska Permanent joins the Red Club

4th August, 2022

Alaska Permanent Fund Corporation just released its results for the fiscal year ended on June 30, 2022, with negative return of-1.3% in the 12-month period and -6.9% in the last six months. The new value of the fund’s AuM is US$ 77.3 billion, down from US$ 81.8 billion a year ago.

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GIC Feels the Pressure, Secondaries will be Focus in Private Equity

27th July, 2022

The latest annual report by Singapore’s sovereign wealth fund GIC suggests the fund witnessed a sharp dip in performance in FY2021/22, with its highly liquid portfolio hit by the global market turmoil that followed the Russian invasion of Ukraine.

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Dutch Lessons: Inflation and Market Turmoil are Major Challenges for PPFs

22nd July, 2022

The performance of Dutch public pension funds has proven robust despite the impact of the Ukraine crisis on the European economy, but a sharp decline in yields across asset classes will challenge their ability to defend funding ratios while raising pensions in line with inflation.

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CIC Consolidates Overseas Operations, Rivals NBIM as World's Biggest SWF

21st July, 2022

Following 18 months of rumor, the China Investment Corp (CIC) is merging CIC International and CIC Capital, bringing together overseas private equity and infrastructure operations merged into a single unit, according to Bloomberg.

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PE Rescues CalPERS’ Performance, but Musicco Doesn’t Change Her Tune on Overhaul

20th July, 2022

Healthy private equity returns helped the US$446 billion California Public Employees' Retirement System (CalPERS) beat its -7.0% benchmark return with a -6.1% net return on the financial year ending June 30.

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