15th July, 2024
One of the world’s biggest public pension funds, South Korea’s National Pension Service (NPS), is boosting external management of its domestic private equity holdings while at the same time clawing back control over its overseas public equity allocations as it makes benchmark-beating returns its priority.
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2nd May, 2024
South Korea’s goliath National Pension Service (NPS) is making its biggest allocation to external managers with its plans to invest US$1.1 billion with South Korea-based general partners (GPs).
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15th April, 2024
The Norwegian parliament has dismissed a central bank recommendation that the 3-5% of the US$1.6 trillion Government Pension Fund Global (GPFG) – overseen by Norges Bank Investment Management (NBIM) – be invested in private equity... but has not ruled out the proposal forever.
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9th April, 2024
Themes in the South Korean general election, taking place on Wednesday, have highlighted the cost of living, represented by the price of green onions which has soared in recent months – but the elephant in the room that the two main political parties have failed to address is the fact that Koreans born after 1990 are unlikely to receive a pension from the National Pension Service (NPS) when they turn 65.
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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.
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28th November, 2023
The world’s biggest sovereign wealth fund looks set to enter the private equity market for the first time, under the direction of former hedge fund manager CEO Nicolai Tangen.
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10th November, 2023
Quebec’s public pension fund CDPQ is set to join the federal-level CPP Investments in selling weighty secondary portfolios to free up liquidity towards new priorities.
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27th October, 2023
Australia’s Future Fund reported a negative return of 0.5% in Q3 with A$900 million wiped off the value of the sovereign wealth fund to A$205.2 billion (US$130 billion) – but its 12-month return was a positive 6.3% amid heightened volatility.
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9th June, 2023
The latest annual results of Canada’s federal-level public pension funds are now out and depict a significant difference in performance between the Canada Pension Plan Investment Board (CPP Investments) and the Public Sector Pension Investment Board (PSP Investments) – with infrastructure proving crucial to achieving higher yields.
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22nd May, 2023
Abu Dhabi’s Mubadala reported a 2.9% drop in assets under management to AED1,015 billion (US$276 billion) in 2022, the largest contraction since 2014, but its -3.1% single-year return outstripped the benchmark and industry average (-8.1%)
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24th April, 2023
CDPQ’s decision to deploy US$11.2 billion in European private markets via an expanded London-based team follows a trend among Canada’s Maple 8 public pension funds seen in recent years.
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19th April, 2023
One of the US’s biggest sovereign wealth funds is set to end investments in its home state, citing the potential for conflicts of interest and lack of sufficient opportunities.
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