Asset Allocation
Norway’s Pension Fund Global Returns 2.1% in Q2; Asset Value Rises to $1.69T
Equities were responsible for the sovereign wealth fund’s 8.6% first half gains.
Tag: Sovereign Wealth Fund
Risk
Greece, BlackRock Move Forward With SWF Creation
The country is moving to quickly privatize key assets to pay back bailout loans and launch its new sovereign wealth fund.
Asset Allocation
Ireland’s Department of Finance Begins Setting Up 2 Sovereign Wealth Funds
The Future Ireland Fund and the Infrastructure, Climate and Nature Fund are expected to grow to 100 billion euros and 14 billion euros, respectively.
Asset Allocation
Singapore GIC Announces 20-Year Rolling Return Rate of 3.9%
The fund aims to add diversification to its portfolio and sees opportunities in long-term flexible capital financing for the energy transition.
Asset Allocation
Saudia Arabia’s Sovereign Wealth Fund Bolsters Renewable Investments
The $990 billion Public Investment Fund signed four joint venture deals involving solar, wind and green hydrogen projects.
Asset Allocation
Saudi PIF Nets $17B in Gains in 2023, Reversing Prior Year Slump
The sovereign wealth fund’s assets grew to nearly $1 trillion.
Newsmakers
Vasilis Theofanopoulos Named CIO of Growthfund
The Greek sovereign fund manages $5.9 billion in assets.
Asset Allocation
Australia’s Future Fund, QIC Buy 19.8% Stake in Toll Road Owner Connect East
Future Fund CIO Ben Samild said the deal is in line with the A$223.4 billion sovereign wealth fund’s strategy to increase its Australian dollar exposure.
Market Moves
Oman Investment Authority Returns 9.95% in 2023
The sovereign wealth fund saw its assets grow to $49.87 billion.
Asset Allocation
Norway’s Central Bank Adds 3 Firms to Government Pension Fund Global’s Exclusion List
The $1.65 trillion pension giant is prohibited from investing in Adani Ports & Special Economic Zone, Weichai Power and L3Harris Technologies.
Asset Allocation
Tech Stocks Lead Norway’s Pension Giant to 6.3% Return in Q1
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Alternatives
NBIM Denied Private Equity Investing Permission, For Now
The $1.59 trillion sovereign wealth fund of Norway has consistently asked the government for permission to invest in the private markets.
Alternatives
Shareholder Funding Dries Up for Thames Water; Regulator Blamed
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
Asset Allocation
Japan’s GPIF Seeks to Boost Excess Returns by Resuming Foreign Stock Lending
After ending the practice in 2019, the pension giant is bringing it back with added countermeasures to avoid ‘empty voting.’
Pensions
Germany Plans Pension Reform, Establishment of 200B-Euro Fund
Draft legislation would increase pension contributions amidst an aging population.