Sovereign wealth funds
News and Videos about Sovereign wealth funds from Pensions & Investments
Norway official sees more diversification for sovereign wealth fund
trueNorway’s central bank governor said it would be natural for the 4.921 trillion kroner ($811.5 billion) Government Pension Fund Global to expand the asset classes in which it invests, as the new government considers how best to deal with the fund’s growth.
Texas Permanent School Fund commits to 2 real estate funds
trueTexas Permanent School Fund, Austin, committed $75 million to Blackstone Real Estate Partners Europe IV and €60 million ($81 million) to Tristan Capital Partners.
Alaska Permanent selects 4 to run $100 million each, commits to Lazard
trueAlaska Permanent Fund Corp., Juneau, hired four managers to run $100 million each in emerging markets equity, confirmed spokeswoman Laura Achee.
Norway mulls handing over divestment decisions on $577 billion fund to central bank
trueNorway's Government Pension Fund Global, Oslo, should delegate decisions on divestment to Norges Bank Investment Management, which manages the 3.3 trillion Norwegian kroner ($577.4 billion) fund, according to a set of recommendations in a report released Monday.
KIC's president, CEO resigns
trueChong-Suk Choi resigned as president and CEO of Korea Investment Corp., Seoul, the country's $65 billion sovereign wealth fund.
Norway's sovereign wealth fund says size creates investment hurdles
trueNorway's $810 billion Government Pension Fund Global, Oslo, the world's largest sovereign wealth fund, is finding its record size is becoming a hurdle that's complicating its investment decisions.
Preqin: SWF assets exceed $5 trillion
trueAggregate assets managed in sovereign wealth funds topped $5 trillion for the first time, according to a report from Preqin released Friday.
Australia's Future Fund adds equity, infrastructure to power nearly 15% gain
trueAustralia's A$91.7 billion (US$89.3 billion) Future Fund shifted allocations to global equities and infrastructure from credit and alternative investments during the 12 months through Sept. 30, to take advantage of a changing investment landscape.
U.K. court awards damages in AP1's securities-lending suit against BNY Mellon
trueAP1, Stockholm, won a ruling from the Commercial Court in London in favor of its lawsuit against former custodian BNY Mellon for negligence in its securities-lending transactions on the sovereign wealth fund's behalf.
New Zealand Superannuation goes with Northern Trust for 4 passive portfolios
trueNew Zealand Superannuation Fund, Auckland, hired Northern Trust Global Investments to manage four passive strategies.
Norway fund joins AXA for European commercial real estate debt
trueNorway’s Government Pension Fund Global formed a venture with AXA Real Estate Investment Managers to provide European commercial real estate debt as borrowers rush to refinance maturing loans.
Norway picks 3 academics to review active management at $736 billion fund
trueNorwegian Ministry of Finance appointed a group of three international experts to review Norges Bank's management of the 4.397 trillion Norwegian kroner ($736 billion) Government Pension Fund Global, Oslo, to present to Parliament in the spring.
Korean sovereign wealth fund accelerates push into alts
trueThe $65 billion Korea Investment Corp. has added about $3 billion in alternatives investment this year, putting the sovereign wealth fund halfway toward its goal of lifting private equity, real estate and hedge fund allocations to 20% of its portfolio.
KIC AT WORK ON INVESTMENT MODEL
trueIf alternatives are one answer to achieving better risk-adjusted returns for Korea Investment Corp., the more dynamic, tactical approach to asset allocation it adopted in 2012 is another effort that could make a growing contribution in coming years, said Dong-Ik Lee, chief investment officer.
Sovereign wealth funds eclipse $5 trillion
trueSovereign wealth funds increased more than $750 billion in the past year, eclipsing $5.3 trillion in 2013. Preqin's 2014 Sovereign Wealth Fund Review - released Thursday - profiles 72 sovereign wealth funds, 10 more funds than the previous year's edition. The 16.5% increase in assets during 2013 is ...