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HOOPP Looks to London in Diversification Push

21st September, 2023

The Healthcare of Ontario Pension Plan (HOOPP) is opening a London office as part of its plan to diversify its geographical exposure and expand its holdings in alternatives.

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New SWFs Learn to Crawl, At Difference Speeds

20th September, 2023

Global SWF examines the recent developments relating to new sovereign wealth funds in Hong Kong, Israel, Pakistan and the Philippines.

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Mubadala Firms Up Role as Asset Manager - With Private Credit Its Main Target

19th September, 2023

Mubadala Capital, the asset management arm of Abu Dhabi sovereign wealth fund Mubadala, has launched a new investments solutions business backed by Apollo Global Management, adding to its suite of vehicles that manage third party capital.

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Losing Musicco as CIO Raises Questions Over CalPERS’s Future Private Equity Strategy

18th September, 2023

The US$463 billion California Public Employees’ Retirement System (CalPERS) has lost another CIO with Nicole Musicco quitting her position after less than two years for family reasons.

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NBIM Research Paper Cautiously Positive Towards Private Equity Funds

15th September, 2023

A research report published this week by Norway’s sovereign wealth fund manager Norges Bank Investment Management (NBIM) found that long-term returns from venture capital and growth equity funds have underperformed public equities by 1-2% on average over the past 48 years, but its conclusions give some support for the conservatively allocated US$1.4 trillion Government Pension Fund Global (GPFG) to shift into private markets.

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China Seeks to Take Stake in Indonesia's Growth Story Through Sovereign Wealth Deal

14th September, 2023

Indonesia’s sovereign wealth fund has won the backing of a Chinese state financial institution to boost Sino-Indonesian co-operation on infrastructure, energy and communications.

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NZ Super Leads the Pack: ESG Is Not a Bar to Success

13th September, 2023

Fuelled by growth in global equities, NZ Super reported a barnstorming performance in the financial year ending June 30 with an 11.9% return – the best return of its peers reporting over the same period.

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All Eyes on Indian Venture Capital, Despite Valuation Concerns

12th September, 2023

The G20 Summit in Delhi was accompanied by fresh announcements by state-owned investors intent on shifting focus to India, amid ongoing de-China-ization by Western funds and growing Middle Eastern interest in the South Asian economic behemoth’s massive potential.

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Australian Super Invests in 21st Century Data Center Gold Rush

11th September, 2023

Australian Super has made one of the biggest deals in data center investment by any state-owned investor, with its EUR1.5 billion (US$1.6 billion ) investment in Vantage Data Centers.

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Rwanda's Rapidly Evolving Sovereign Wealth Fund Gets Female CEO

8th September, 2023

Rwanda’s Agaciro Development Fund (AgDF) is one of several state institutions seeing a change of leadership this week, with Gilbert Nyatanyi replaced as CEO by Tesi Rusagara, who was serving as the Managing Director at Kigali Innovation City and also board member of the Capital Markets Authority Rwanda. Aged 33, she holds an MBA from Stanford and worked in Deloitte US before returning to Rwanda in 2019.

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Western Investors "de-China-ize", but Singapore and ME Funds Press Further in China

7th September, 2023

 The world’s biggest sovereign wealth fund, Norges Bank (NBIM), announced today that it had shut its Shanghai office after 16 years of operation, although it insists the decision was “operational” and it would continue to invest both directly and via funds and Singapore would be used as its hub for the region.

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Strong Result for Korea's NPS as it Plans Diversification Push

6th September, 2023

South Korea’s National Pension Service (NPS) notched up a 9.1% return on investment in H1 2023, securing its position as the world’s second biggest public pension fund with assets under management totalling KRW983 trillion (US$742 billion).

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