Norway’s Real Estate Shift Shuffles Its Leadership
World’s biggest sovereign wealth fund adds some top officials from its property arm, now being sucked into the investment division.
World’s biggest sovereign wealth fund adds some top officials from its property arm, now being sucked into the investment division.
Being ‘overweight’ in hotels helped real estate outperform other asset classes in $69 billion portfolio.
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
Feasibility studies begin on the rare investment strategy.
The huge fund is targeting real estate, private equity, and hedge funds.
Institution continues strong focus on real estate and private equity, terminates global equity account.
A total of 25 managers received 26 commitments in the last half of the 2017-2018 fiscal year.
The plan has committed more than $3 billion overall in 2018 to private markets as CIO William Coaker Jr. builds up the alternatives portfolio.
Private equity, real estate, and natural resources funds also represented.
Publica has cut some stocks to de-risk, and will also sell some of its bonds as part of a new strategy.