Sovereign Wealth Funds
The New Zealand Superannuation fund chose Paula Steed as acting chief executive officer.
Norges Bank Investment Management, Norway's $1.5 trillion wealth fund, suggested that private equity be added to its investment portfolio.
Alaska Permanent Fund Corp. approved a strategic plan to make direct private equity investments beginning with deals ranging from between $50 million to $200 million per year.
China's sovereign wealth fund has purchased exchange-traded funds as authorities step up attempts to boost the country's slumping stock market.
Norges Bank Investment Management reported a loss of 2.1%, or $34 billion, in the third quarter.
Sovereign wealth funds will become an increasingly important group to money managers as they continue to grow — particularly in private markets.
Ireland set out plans to transform one of Europe's rare budget surpluses into a sovereign fund expected to grow to around $106 billion over the next 12 years.
Abu Dhabi Investment Authority's 20-year and 30-year annualized rates of return declined slightly in 2022, the sovereign wealth fund reported.
The new Hong Kong Investment Corp. will be led by Clara Chan, who joins from the Hong Kong Monetary Authority.
The National Social Security Fund of China lost $19 billion on its investments in 2022.
