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PIF Quiet in US Public Equity Trades, But Temasek Makes Pivot to Finance and Retail

16th August, 2021

The US public equities strategies of Public Investment Fund (PIF) and Temasek diverged in Q221, with the Saudi fund making only one change in its stockholdings while the Singaporean state-owned investor ramped up exposures to financial services and retail & consumer sectors.

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ABP's Failure to Switch from Fossil Fuels to Green Investments has Hit Returns

25th June, 2021

Dutch fund manager APG, which oversees the US$606 billion ABP civil service pension fund, has paid a heavy opportunity cost by maintaining exposures to fossil fuels instead diverting capital into green energy, according to research by Global SWF commissioned by Dutch environmental campaign group Fossielvrij.

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Details of Saudi Arabia's Plans for US$250 billion Social Welfare Giant

22nd June, 2021

Saudi Arabia has made a giant leap in the restructuring of its social insurance and pension system with the announced merger of the General Organization of Social Insurance (GOSI) and the Public Pension Agency (PPA) to form a US$250 billion fund.

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Korean Pension Giant Backs Domestic Ride-Hailing Leader

15th June, 2021

Ride hailing apps have generated huge interest among state-owned investors looking for market disruption and the next competitor to Uber. South Korean public pension fund giant the National Pension Service (NPS) has backed domestic ride-hailing firm Kakao Mobility with a US$100 million investment.

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CPP Reports Record Return in a Year of Crisis, Looks to Asia for Growth

24th May, 2021

Many state-owned investors have quickly adapted to crisis with bumper returns. Canada’s biggest public pension fund CPP Investments has ended its fiscal year with a net return of 20.4%, its highest ever. CPP Investments’ net assets were boosted by C$87.6 billion to C$497.2 billion.

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Shift Towards Tech in US Public Equity Portfolios of PIF and Temasek

18th May, 2021

The US public equities strategies of Saudi Arabia's Public Investment Fund (PIF) and Singapore's Temasek witnessed some convergence in Q121 with greater exposure to tech-related sectors and away from energy stocks.

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QIA Seeks Exposure to US Renewables Boom

14th May, 2021

QIA has joined what promises to be a gold rush in US renewables generation, buying a minority stake in US sustainable energy company Avangrid for US$740 million.

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NPS Creates Shockwaves As It Shifts From Domestic Equities to Foreign Alternatives

23rd March, 2021

Controversy surrounds the strategic decision by South Korea’s US$751 the National Pension Service (NPS) to rapidly exiting domestic public equities for foreign investment - and the impact this is having on retail investors.

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PIF's US Public Equity Holdings Reach All-Time Highs, But Missed Out on Tesla's Rise

17th February, 2021

Investment in US equities by Saudi Arabia’s Public Investment Fund (PIF) hit an all-time high of US$12.78 billion by end-2020, according to its latest stock exchange filings.

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Qatari Fund Scoops Up US$892mn Profit from Tiffany Sale

14th January, 2021

The Qatar Investment Authority (QIA) secured a net profit of US$892 million as it exited its shareholding in US jeweller Tiffany & Co, delivering an impressive 9.3% internal rate of return, according to Global SWF's database.

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