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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.

Fund of the Month (Feb'25): Italy’s Cassa Depositi e Prestiti Equity (CDP Equity)

1st February, 2025

European SWFs can be multi-tasked with supporting the expansion of national companies, promoting the economic development of the country, and catalizing foreign investment. Italy’s CDP Equity was a pioneer among them all, and keeps evolving to adapt to today’s environment. We were delighted to speak with its CEO, Mr. Francesco Mele, about CDP Equity’s background, portfolio, and future goals.

Fund of the Year (Jan'25): AustralianSuper

1st January, 2025

In 2024, AustralianSuper continued to lead by example, demonstrating consistent performance, leadership in sustainability, and strategic growth through its overseas offices in New York and London. For its leadership among Australian superannuation funds, for its growing investment activity and for its significant international expansion, Global SWF believes that AustralianSuper is a worthy recipient of the 2024 Fund of the Year award. We were delighted to present it to Damian Moloney, Deputy Chief Investment Officer of the US$ 246 billion fund, and to speak with him about the fund’s recent figures and future ambitions.

Fund of the Month (Dec'24): Zambia’s National Pension Scheme Authority (NAPSA)

1st December, 2024

The investment landscape of Zambia is quite diverse, with several pension schemes, and there are plans to establish a SWF. NAPSA is the largest pension scheme and is a mandatory scheme covering both the public and private sector, except security personnel. We were delighted to speak with the fund’s Director General, Mr. Muyangwa Muyangwa, about NAPSA’s background, portfolio, and future plans.

Fund of the Month (Nov'24): T&T’s Heritage & Stabilization Fund (HSF)

1st November, 2024

The HSF is Latin America’s second largest sovereign fund, and it has provided a sizable fiscal and external buffer, while accumulating savings for future generations of Trinidadians. We were delighted to speak with Mr. Ewart Williams, Chairman of the Board of HSF and Dr. Dorian Noel, Deputy Governor of the Central Bank of Trinidad & Tobago (CBTT).