2nd May, 2022
Comparing returns across State-Owned Investors is never easy and it always takes a lot of assumptions and disclaimers. Yet, most funds have now reported their FY21 results, and we have looked at the average investment returns for the past six years (which we consider a fair investment cycle) across 20 major SWFs and 20 major PPFs in an apples-to-apples analysis.
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21st April, 2022
Norges Bank (NBIM) has reported that the Government Pension Fund Global returned -4.9% in Q1 2022, delivering a loss of NOK653 billion (US$73 billion), suggesting that sovereign funds can expect a rocky year ahead - but also that diversification in private markets could cushion the blow.
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17th March, 2022
Malaysian sovereign investor Khazanah’s decision to merge its commercial and strategic funds is set to boost the performance of its investment portfolio – but while separating them from the negative effects of distressed assets such as Malaysian Airlines, it is kicking the can down the road in terms of the continued high risk exposures from the troubled aviation sector.
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14th March, 2022
The Ontario Teachers’ Pension Plan Board reported a record benchmark beating return for 2021, creating added value of C$5.5 billion with net assets reaching C$241.6 billion.
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25th February, 2022
The Caisse de dépôt et placement du Québec (CDPQ) has reported its best returns in more than a decade with a record C$78 billion (US$61 billion) of total asset growth to C$420 billion (US$328 billion).
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22nd February, 2022
The world’s biggest sub-national public pension fund, the US$496 billion California Public Employees’ Retirement System (CalPERS), has finally appointed a new Chief Investment Officer, 18 months after Yu Ben Meng resigned amid allegations of conflicts of interest and costly investment misses.
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10th February, 2022
The Qatar Investment Authority (QIA) has started 2022 in a very strong manner, and everything indicates that it may be getting ready to fly high once again. On the one hand, the strong returns of public and private equities during 2021 helped grow its balance sheet to an record high with an estimated US$ 445 bn. On the other, the organization recently completed a restructuring of its governance and structure, adapting it to the new normal and opportunities.
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28th January, 2022
Norges Bank achieved a 14.5% return for its Government Pension Fund Global in 2021, its second-best return thanks to the stellar performance of US public equities. The fund’s return was 0.74 percentage points higher than the return on the benchmark index, equivalent to NOK76 billion (US$8.5 billion).
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27th January, 2022
South Korea’s mammoth public pension fund, the US$776 billion National Pension Service (NPS), upset domestic retail investors yet again by leading the market in dumping domestic stocks.
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19th January, 2022
The surge in oil prices coupled with a bull market in US public equities helped deliver Azerbaijan’s sovereign wealth fund a robust return and a boost to total assets under management in 2021, said Global SWF using the latest data from the State Oil Fund of the Republic of Azerbaijan (SOFAZ).
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14th January, 2022
The former chief executive of the US$83 billion Alaska Permanent Fund, Angela Rodell, has delivered a strident criticism of board members who shocked the sovereign investor world by sacking her last month.
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13th January, 2022
Singapore’s sovereign wealth fund GIC will be boosted by around S$185 billion (US$137 billion) following the passing of a law that will lead to a reduction in foreign reserves held by the Monetary Authority of Singapore (MAS).
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