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Fund of the Month (Feb'25): Sweden’s Andra AP-fonden (AP2)

1st February, 2026

AP2 is one of Sweden’s buffer funds and plays a key role in safeguarding the long-term sustainability of the national pension system. On January 1, 2026, AP2 officially integrated the capital managed by AP6, a pure private equity play. We were pleased to speak with Ms. Eva Halvarsson (CEO) about the recent consolidation of the AP funds, AP2’s portfolio strategy and its climate objectives.

Fund of the Year (Jan'26): CalPERS

1st January, 2026

For its leadership among US retirement systems, for its growing investment and sustainability activity and for its adoption of forward-looking strategies, Global SWF believes that CalPERS is a worthy recipient of the 2025 Fund of the Year award. We were delighted to present it to Stephen Gilmore, Chief Investment Officer of the US$ 596 billion fund, and to speak with him about the fund’s state of play and next ambitions

Fund of the Month (Dec'25): Petroleum Revenue Investment Reserve (Uganda)

1st December, 2025

In 2015, Uganda established their own sovereign fund, PRIR, to be fed with oil revenues from the national oil company. The institution has since then positioned itself to follow best practices, once the revenues flow in, expected in July of 2026. We were delighted to speak with Ms. Martha Kiiza Kalema, the Team Lead for PRIR within the Bank of Uganda, about the fund’s set up and prospects.

Fund of the Month (Nov'25): Oman Investment Authority (OIA)

1st November, 2025

In 2020, Oman merged SGRF and OIF into a single fund, OIA, which has grown significantly and helped with the reduction of Oman’s debt levels since then. We were delighted to speak with Ms. Samra Al Harthy, the Fund’s Chief Economist and a Board member of the MSX, about OIA’s current setup and future plans.

Fund of the Month (Oct'25): DP World

1st October, 2025

DP World was born in 2005 after the merger between Dubai Ports Authority and Dubai Ports International. A year later, its bid for some ports on the East Coast of the USA indirectly changed the SWF industry forever. In 2007, the company was listed in Nasdaq Dubai and raised US$ 5 billion, MENA’s largest ever IPO then. And in 2020, the company was delisted and went back to the full ownership of sovereign fund Dubai World. Today, DP World is the world’s fourth largest port operator and a highly active and acquisitive state investor.

Fund of the Month: Baiterek National Managing Holding JSC

1st September, 2025

In 2013, Kazakhstan spun off the portfolio of financial institutions from Samruk-Kazyna and established another SWF, Baiterek, which has evolved significantly since then. We were delighted to speak with Mr. Timur Onzhanov, the Fund’s Deputy Chairman of the Management Board, about Baiterek’s strategy and plans.

Fund of the Month: Citizens of Israel Fund (CIF)

1st August, 2025

In 2022, Israel formally established CIF, a traditional SWFs sourced from natural gas revenues, and with clear mechanisms for deposits and withdrawals, in order to provide macroeconomic stability and save for future generations. We were delighted to speak with Ms. Lena Krupalnik, the Fund’s Head of Management Department, about CIF’s current portfolio and strategy, and future ambitions.

GSR Scoreboard 2025 Perfect Scorer: OTPP

1st July, 2025

One of the leaders of this year’s assessment is Ontario Teachers’ Pension Plan (OTPP), which achieved for the first time a perfect score and is usually cited as an example of best practices globally.

Fund of the Month: New South Wales Treasury Corporation (TCorp)

1st June, 2025

TCorp is one of the most prolific investment managers in Australia, investing capital on behalf of State Super (a superannuation fund) and NSW Generations Fund (a sovereign fund), among other clients. We were delighted to speak with Mr. Stewart Brentnall, its Chief Investment Officer, and Ms. Alexis Cheang, its Head of Investment Stewardship, about TCorp’s portfolio, strategy, and goals.

Fund of the Month: State Oil Fund of Azerbaijan (SOFAZ)

1st May, 2025

The State Oil Fund of Azerbaijan is one of the world’s best known examples of a successful and resilient stabilization fund, and is among the most transparent and best governed SWFs. We were delighted to speak with Mr. Farhad Zeynalov, its Chief Investment Officer, about SOFAZ’s background, portfolio, and future goals.

Fund of the Month (Apr'25): Hong Kong Monetary Authority (HKMA)

1st April, 2025

The Hong Kong Monetary Authority (HKMA) was formed in 1993 following the merger of the Commissioner of Banking and the Exchange Fund. The Exchange Fund’s reserves currently stands at around half a trillion USD, making it one of the world’s largest central bank reserves and one of the most significant asset owners.

Fund of the Month (Mar'25): Queensland Investment Corporation (QIC)

1st March, 2025

Australia has several state-level managers that invest on behalf of government pools. In Queensland, QIC started as a statutory government-owned corporation (GOC) and is today a specialist manager in real assets, private capital, and liquid markets. We were delighted to speak with Mr. Ravi Sriskandarajah, the Executive Director for Client Solutions and Capital, about QIC’s background, portfolio, and future goals.