Sovereign Wealth Funds
Norway's Government Pension Fund Global will phase out its 50 billion Norwegian kroner equity allocation to upstream energy companies.
Alaska Permanent Fund's new in-state investment program looks to generate returns and stimulate one of the nation's youngest economies.
Alaska Permanent Fund Corp. returned 6.32% for the fiscal year ended June 30, falling short of its 7.5% benchmark.
China Investment Corp., the Beijing-based sovereign wealth fund, said the value of its investment portfolio was nearly unchanged in 2018.
AP3 and Kuwait Investment Authority have joined three other sovereign wealth fund in a joint venture raising commitments to $1 billion.
Future Fund reported its strongest fiscal year return in four years for the 12 months ended June 30 amid a shift to equities from cash.
Norges Bank has recommended that Norway's sovereign wealth fund increase its exposure to North American equities.
Norway's Government Pension Fund Global returned 3% in the second quarter on positive equity returns in a volatile quarter.
Khalid al Rumaihi was named CEO of Bahrain's $16.6 billion sovereign wealth fund.
Korea Investment Corp. appoints head of investments at the Teachers' Pension fund as the sovereign wealth fund's new CIO.