Norway’s Pension Fund Global Rebounds in 2023, Still Misses Benchmark
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
A CIO Allocator Insights panel offers advice on dealing with outside advisers.
The School Employees Retirement System of Ohio topped its benchmark and raised its asset value to $17.8 billion.
The strong performance raised the National Pension Service’s asset value to approximately $740 billion.
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
But the institutional investors revamped their approach to the asset class after it failed to protect them when equities tanked in 2022.
Higher interest rates have turned fixed income from a ho-hum investment into the hot new thing. Just ask LACERA.