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.
Subscriber Post
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.
Subscriber Post
12th April, 2023
Norway’s US$1.35 trillion sovereign wealth fund, the Government Pension Fund Global, could start investing in private equity, potentially funneling billions into the asset class - but even if Norges Bank Investment Management (NBIM) agrees to a government request to examine "various aspects of unlisted equities”, any deployment is likely to be gradual and conservative.
Subscriber Post
24th March, 2023
Canada’s US$129 billion Alberta Investment Management Corporation (AIMCo) is planning a push into the Middle East with a potential new office in Abu Dhabi.
Subscriber Post
27th October, 2022
The Abu Dhabi Investment Authority (ADIA) has finally published its 2021 annual report, indicating strong annual returns supported by surging public equities that lifted its 20-year annualized rate from 6.0% to 7.3% - although the world since end-2021 has transformed and the situation is significantly different 10 months on.
Subscriber Post
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.
Subscriber Post
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.
Subscriber Post
11th July, 2022
The US$456 billion California Public Employees' Retirement System made a dramatic decision this month by selling a huge slice of its private equity portfolio at a discount and cutting ties with external managers, despite its previously stated objective to raise its allocation to the asset class.
Subscriber Post
20th May, 2022
The Abu Dhabi Investment Authority (ADIA) has radically pared back its staffing levels in a push towards greater efficiency and focus.
Subscriber Post
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.
Subscriber Post
21st March, 2022
Bahrain’s US$18 billion Mumtalakat has undergone a makeover and organizational shake-up, separating assets into portfolios with very different objectives.
Subscriber Post
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.
Subscriber Post