2nd February, 2022
US-based public pension funds have benefitted from the boom in equity markets and have been reporting extraordinary results for the 2021 fiscal year. But what has this meant for other funds and states, and what is the current situation across the US – which remains the world’s largest country in terms of sovereign capital?
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1st February, 2022
Wafra (Arabic for “abundance”, and the southernmost area in Kuwait) was established by the PIFSS over three decades ago and today invests on behalf of PIFSS and asset owners around the world. In 2018, it rocketed to new heights with the launch of Capital Constellation, an innovative JV among leading institutional asset owners across Europe, North America, and the Middle East. We had the immense pleasure of catching up with Daniel Adamson, SMD of Wafra Inc. and President of Capital Constellation.
29th January, 2022
Data centers are the infrastructure of the tech revolution and Singapore’s sovereign wealth fund GIC is boosting the digital superhighways of Asia with more capital.
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28th January, 2022
Norges Bank achieved a 14.5% return for its Government Pension Fund Global in 2021, its second-best return thanks to the stellar performance of US public equities. The fund’s return was 0.74 percentage points higher than the return on the benchmark index, equivalent to NOK76 billion (US$8.5 billion).
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27th January, 2022
South Korea’s mammoth public pension fund, the US$776 billion National Pension Service (NPS), upset domestic retail investors yet again by leading the market in dumping domestic stocks.
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25th January, 2022
Recent weeks have seen a continuation of a theme seen in 2021, when state-owned investors (SOIs) piled record amounts of investment in real estate joint venture partnerships with developers.
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24th January, 2022
Kazakhstan’s US$69 billion sovereign wealth fund, Samruk-Kazyna, announced today that it was slashing its staff numbers in half and is set to close offices in Beijing, Moscow and London.
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20th January, 2022
Oman, Abu Dhabi and Dubai are leading the competition to invest in African ports via their sovereign wealth funds as they seek to secure strategic control of resources and trade.
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19th January, 2022
The surge in oil prices coupled with a bull market in US public equities helped deliver Azerbaijan’s sovereign wealth fund a robust return and a boost to total assets under management in 2021, said Global SWF using the latest data from the State Oil Fund of the Republic of Azerbaijan (SOFAZ).
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18th January, 2022
Dutch public pension fund manager APG’s US$750 million investment in ILX Management’s private credit fund, which is oriented towards Sustainable Development Goals (SDGs), demonstrates the weight state-owned investors are giving to private debt in emerging markets – as well as integrating debt exposures with ESG principles.
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17th January, 2022
Campaigners against dangerous cladding on high-rise residential buildings have appealed to Norges Bank Investment Management (NBIM), manager of Norway’s US$1.4 trillion sovereign wealth fund, to withdraw GBP5.7 billion (US$7.8 billion) of investments in firms implicated in the manufacture and supply of allegedly hazardous building materials.
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14th January, 2022
The former chief executive of the US$83 billion Alaska Permanent Fund, Angela Rodell, has delivered a strident criticism of board members who shocked the sovereign investor world by sacking her last month.
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