Opalesque Sovereign Wealth Funds Briefing » Performance http://www.opalesque.com/SWF_Briefing Wed, 30 Nov 2016 00:20:03 +0000 http://wordpress.org/?v=2.5.1 en Alaska Permanent Fund posts 3.86% return for quarter, above its benchmark http://www.opalesque.com/SWF_Briefing/?p=21080 http://www.opalesque.com/SWF_Briefing/?p=21080#comments Tue, 29 Nov 2016 03:02:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21080 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21080>Article Link</a> Alaska Permanent Fund Corp., Juneau, returned 3.86% for the quarter ended Sept. 30, ahead of its 3.51% performance benchmark, said a news release from the $54.8 billion sovereign wealth fund. (more…)

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HSF falls to US$5.4b http://www.opalesque.com/SWF_Briefing/?p=21051 http://www.opalesque.com/SWF_Briefing/?p=21051#comments Mon, 21 Nov 2016 23:40:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21051 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21051>Article Link</a> Trinidad and Tobago’s sovereign wealth fund, the Heritage and Stabilisation Fund (HSF), fell 5.7 per cent on poor choices (negative security selection effects) and the US$377.5 million withdrawal by Finance Minister Colm Imbert in May, the latest report from the HSF showed on Friday. (more…)

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HK Exchange Fund’s income more than doubles as stock gains surge http://www.opalesque.com/SWF_Briefing/?p=21044 http://www.opalesque.com/SWF_Briefing/?p=21044#comments Mon, 21 Nov 2016 00:01:52 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21044 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21044>Article Link</a> The Exchange Fund, the reserve designed to defend the Hong Kong currency, has reported an investment gain of HK$42.5 billion in the third quarter, more than double that of the previous three-month period, thanks to a large increase in stock investment income. (more…)

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Alaska lawmaker plans appeal in dividend case http://www.opalesque.com/SWF_Briefing/?p=21033 http://www.opalesque.com/SWF_Briefing/?p=21033#comments Thu, 17 Nov 2016 23:49:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21033 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21033>Article Link</a> A state senator who challenged Gov. Bill Walker’s cut to the Alaska Permanent Fund dividend this year plans to appeal a judge’s decision that found that Walker acted within his authority. Sen. Bill Wielechowski of Anchorage said it was always expected that the case would be decided by the Alaska Supreme Court. (more…)

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Abu Dhabi’s IPIC Posts Loss After $1 Billion UniCredit Writedown http://www.opalesque.com/SWF_Briefing/?p=21023 http://www.opalesque.com/SWF_Briefing/?p=21023#comments Thu, 17 Nov 2016 02:05:12 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21023 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21023>Article Link</a> Abu Dhabi sovereign fund International Petroleum Investment Co. posted a first-half loss after its shares in UniCredit SpA slumped. IPIC recorded a loss of $91 million compared with a $1.25 billion profit a year earlier, the Abu Dhabi-based company said. (more…)

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Hong Kong Exchange Fund’s income more than doubles as stock gains surge http://www.opalesque.com/SWF_Briefing/?p=21014 http://www.opalesque.com/SWF_Briefing/?p=21014#comments Tue, 15 Nov 2016 23:29:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=21014 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=21014>Article Link</a> In the first three quarters of the year, fund posts an investment profit of HK$86.8 billion. Its total assets worth HK$3.57 trillion by end of September. The Exchange Fund, the reserve designed to defend the Hong Kong currency, has reported an investment gain of HK$42.5 billion in the third quarter, more than double that of the previous three-month period, thanks to a large increase in stock investment income. (more…)

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SOFAZ in Top 5 of most transparent sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=20953 http://www.opalesque.com/SWF_Briefing/?p=20953#comments Tue, 08 Nov 2016 00:33:09 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20953 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20953>Article Link</a> Azerbaijan’s state oil fund SOFAZ has managed to enter the top five of the most transparent sovereign wealth funds of the world. The Fund ranked the fourth among 60 sovereign wealth funds with overall score of 92 out of 100 in the fourth edition of Sovereign Wealth Fund Transparency and Accountability scoreboard published in October 2016. (more…)

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SOFAZ among top five most transparent sovereign wealth funds http://www.opalesque.com/SWF_Briefing/?p=20949 http://www.opalesque.com/SWF_Briefing/?p=20949#comments Thu, 03 Nov 2016 23:32:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20949 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20949>Article Link</a> The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has ranked fourth among 60 sovereign wealth funds with overall score of 92 out of 100 in the 4th edition of the Sovereign Wealth Fund Transparency and Accountability scoreboard published in October 2016. (more…)

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SOFAZ becomes 4th sovereign wealth fund http://www.opalesque.com/SWF_Briefing/?p=20948 http://www.opalesque.com/SWF_Briefing/?p=20948#comments Thu, 03 Nov 2016 23:32:11 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20948 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20948>Article Link</a> The State Oil Fund of Azerbaijan (SOFAZ) has got in world’s Top 5 on ranking Sovereign Wealth Fund Transparency & Accountability, made by PIIE (Peterson Institute for International Economics). SOFAZ reports that the PIIE survey covered 60 sovereign wealth funds with scale from zero to 100. (more…)

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Australia’s Future Fund returns 1.5 pct in Sept quarter http://www.opalesque.com/SWF_Briefing/?p=20922 http://www.opalesque.com/SWF_Briefing/?p=20922#comments Tue, 01 Nov 2016 01:22:34 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20922 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20922>Article Link</a> Australia’s sovereign wealth manager, the Future Fund, on Monday posted a return of 1.5 percent for the last quarter, in line with its target, following a disappointing annual performance in the 2015/16 financial year. (more…)

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Future Fund grows to $124 billion http://www.opalesque.com/SWF_Briefing/?p=20921 http://www.opalesque.com/SWF_Briefing/?p=20921#comments Tue, 01 Nov 2016 01:22:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20921 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20921>Article Link</a> The Future Fund stood at just over $124 billion at the end of the September quarter, returning 5.8 per cent in the past year and beating its target. Former Liberal treasurer and now chairman of the fund Peter Costello says the fund - which aims to cover the unfunded liabilities of public service superannuation - continues to perform well and has met its benchmark since its inception in May 2006 with a return of 7.6 per cent. (more…)

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Hong Kong Exchange Fund assets HK$3.57 trln end-Sept - HKMA http://www.opalesque.com/SWF_Briefing/?p=20919 http://www.opalesque.com/SWF_Briefing/?p=20919#comments Tue, 01 Nov 2016 01:21:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20919 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20919>Article Link</a> Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,573.8 billion ($460.84 billion) at the end of September, the Hong Kong Monetary Authority (HKMA) said on Monday. (more…)

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Future Fund sounds warning on returns http://www.opalesque.com/SWF_Briefing/?p=20909 http://www.opalesque.com/SWF_Briefing/?p=20909#comments Mon, 31 Oct 2016 01:54:28 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20909 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20909>Article Link</a> After delivering an impressive 7.7 per cent per annum since its inception in 2006, the Future Fund has sought to manage expectations about returns over the next decade. (more…)

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Here’s how Australia’s Future Fund performed last financial year http://www.opalesque.com/SWF_Briefing/?p=20901 http://www.opalesque.com/SWF_Briefing/?p=20901#comments Fri, 28 Oct 2016 01:44:54 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20901 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20901>Article Link</a> Australia’s sovereign wealth fund, the Future Fund, released its 2015/16 annual report on Thursday, a 188-page behemoth detailing what it got up to last financial year, overall performance, and its views on the outlook for asset markets. (more…)

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High Returns? No(r)way! http://www.opalesque.com/SWF_Briefing/?p=20898 http://www.opalesque.com/SWF_Briefing/?p=20898#comments Fri, 28 Oct 2016 01:43:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20898 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20898>Article Link</a> Norway’s Government Pension Fund, known as the Oil Fund, is the largest sovereign wealth fund in the world, commanding around US$900b of surplus wealth produced by Norwegian petroleum income. With a current allocation to equities of 60%, up from 40% in 2007, the Oil Fund is also a key player in global financial markets. (more…)

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Australian SWF exceeds expectations http://www.opalesque.com/SWF_Briefing/?p=20874 http://www.opalesque.com/SWF_Briefing/?p=20874#comments Mon, 24 Oct 2016 02:49:18 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20874 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20874>Article Link</a> Australian sovereign wealth fund (SWF) and long-term savings vehicle Future Fund has secured investment returns of A$62 billion (US$47.3 billion) in the financial year ended June 30, 2016, boosting the fund’s total AUM to A$122.8 billion. (more…)

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Alaska Permanent plans to double assets managed internally http://www.opalesque.com/SWF_Briefing/?p=20834 http://www.opalesque.com/SWF_Briefing/?p=20834#comments Mon, 17 Oct 2016 22:55:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20834 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20834>Article Link</a> Alaska Permanent Fund Corp., Juneau, unveiled a five-year investment management plan on Sept. 28 that aims to nearly double the assets it internally manages and also introduces a new target allocation. (more…)

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KIC suffers paper loss of nearly 1 tln won this year http://www.opalesque.com/SWF_Briefing/?p=20822 http://www.opalesque.com/SWF_Briefing/?p=20822#comments Mon, 17 Oct 2016 00:27:48 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20822 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20822>Article Link</a> Korea Investment Corp. (KIC), South Korea’s sovereign wealth fund, suffered a paper loss of nearly 1 trillion won (US$883 million) in its overseas stock investments in the first eight months of this year, an opposition lawmaker said Friday. (more…)

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SOFAZ planning to increase its assets in 2017 http://www.opalesque.com/SWF_Briefing/?p=20807 http://www.opalesque.com/SWF_Briefing/?p=20807#comments Thu, 13 Oct 2016 02:24:14 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20807 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20807>Article Link</a> The State Oil Fund of Azerbaijan (SOFAZ) is planning to increase its assets by $1 billion in 2017, SOFAZ CEO Shahmar Movsumov said Oct. 12 at a press conference in Baku. Movsumov noted that SOFAZ’s assets are forecast at the level of $34 billion in 2016. (more…)

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Oil Fund’s assets exceed $35.8 bn http://www.opalesque.com/SWF_Briefing/?p=20806 http://www.opalesque.com/SWF_Briefing/?p=20806#comments Thu, 13 Oct 2016 02:23:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20806 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20806>Article Link</a> The assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 6.7% for Jan-Sept 2016. According to the Fund, its assets for the reported period grew from $33.57 bn up to $35.82 bn. SOFAZ revenue was estimated at AZN 6.618 bn and expenditures at AZN 3.82 bn. (more…)

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Norway’s wealth fund says pound flash crash reflects economic prospects http://www.opalesque.com/SWF_Briefing/?p=20792 http://www.opalesque.com/SWF_Briefing/?p=20792#comments Wed, 12 Oct 2016 02:25:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20792 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20792>Article Link</a> The flash crash in sterling was a “correct move” that reflected economic expectations, a senior official at Norway’s sovereign wealth fund, one of Britain’s biggest foreign investors, said today. (more…)

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Alaska’s Permanent Fund a model for other states http://www.opalesque.com/SWF_Briefing/?p=20790 http://www.opalesque.com/SWF_Briefing/?p=20790#comments Wed, 12 Oct 2016 02:25:08 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20790 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20790>Article Link</a> Researchers are recommending other states look to Alaska’s Permanent Fund to learn how to grow funds supported by natural resource extraction. The Pew Charitable Trust recently released a national study focusing on seven states that have funds from extraction revenue, which the report describes as “sovereign wealth funds.” (more…)

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Sovereign wealth funds pull $90bn from asset managers http://www.opalesque.com/SWF_Briefing/?p=20781 http://www.opalesque.com/SWF_Briefing/?p=20781#comments Sun, 09 Oct 2016 23:59:19 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20781 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20781>Article Link</a> State-backed investment vehicles grapple with low commodity prices and disappointing returns. Sovereign wealth funds have pulled almost $90bn from asset managers over the past two years, as state-backed investment vehicles grapple with low commodity prices and disappointing returns. (more…)

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UAE’s sovereign funds at $1.25 trln http://www.opalesque.com/SWF_Briefing/?p=20780 http://www.opalesque.com/SWF_Briefing/?p=20780#comments Sun, 09 Oct 2016 23:58:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20780 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20780>Article Link</a> Abu Dhabi Investment Authority (ADIA) ranked the third largest sovereign wealth fund with total assets valued at AED 2.9 trillion (AED 792 billion), according to a report by the Sovereign Wealth Fund Institute (SWFI) in September. (more…)

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Norway’s $890bn oil fund returns 4% in Q3 http://www.opalesque.com/SWF_Briefing/?p=20778 http://www.opalesque.com/SWF_Briefing/?p=20778#comments Sun, 09 Oct 2016 23:57:57 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20778 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20778>Article Link</a> The world’s biggest sovereign wealth fund returned to growth in the third quarter as Norway’s $890bn oil fund reported a return of 4 per cent. Norway’s sovereign wealth fund books $30 bln profit in third quarterEquities returned 6 per cent, bonds 0.9 per cent, and property 2.4 per cent in the quarter. (more…)

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Norway’s sovereign wealth fund books $30 bln profit in third quarter http://www.opalesque.com/SWF_Briefing/?p=20777 http://www.opalesque.com/SWF_Briefing/?p=20777#comments Sun, 09 Oct 2016 23:57:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20777 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20777>Article Link</a> Norway’s $882-billion sovereign wealth fund, the world’s biggest, returned a profit in the third quarter thanks to strong stock markets, it said on Friday. The fund earned a return of 4.0 percent in the quarter, or 240 billion Norwegian crowns ($29.7 billion), beating its benchmark by 0.2 percentage points. In the second quarter the fund booked a profit of 1.3 percent. (more…)

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NDFI Assets at $68bln http://www.opalesque.com/SWF_Briefing/?p=20745 http://www.opalesque.com/SWF_Briefing/?p=20745#comments Tue, 04 Oct 2016 01:02:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20745 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20745>Article Link</a> Iran’s sovereign wealth fund is becoming wealthier due to the oil producer’s increased sales, though low oil prices are slowing its growth. The National Development Fund of Iran currently has $68 billion in overseas assets, according to the chairman of its governing board. (more…)

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Alaskans unhappy with amount of yearly dividend checks http://www.opalesque.com/SWF_Briefing/?p=20740 http://www.opalesque.com/SWF_Briefing/?p=20740#comments Tue, 04 Oct 2016 01:00:21 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20740 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20740>Article Link</a> Residents in Alaska have said they feel ‘cheated’ after their annual dividend payment was slashed by more than half to $1,022 per person. Each year, all locals receive the checks from the state’s oil wealth fund as a reward for living in Alaska for at least a full calendar year. (more…)

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SOFAZ revenues forecasted to increase by 2.4 times http://www.opalesque.com/SWF_Briefing/?p=20726 http://www.opalesque.com/SWF_Briefing/?p=20726#comments Fri, 30 Sep 2016 00:09:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20726 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20726>Article Link</a> Revenues of the State Oil Fund of Azerbaijan (SOFAZ) are forecasted to be AZN 8,370,600,000, up AZN 4,889,100,000 or 2.4 times from 2016. According to the Ministry of Finance, of this AZN 7,550,700,000 or 90.2% will be receipts from profit oil and gas sale. (more…)

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Amount of 2016 Permanent Fund Dividend to be $1022 http://www.opalesque.com/SWF_Briefing/?p=20724 http://www.opalesque.com/SWF_Briefing/?p=20724#comments Fri, 30 Sep 2016 00:09:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20724 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20724>Article Link</a> The amount of this year’s Alaska Permanent Fund Dividend was announced by the Governor on Friday, September 23: every Alaskan will receive $1,022, less than half the amount of last year’s dividend. (more…)

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An Asean Government Investment Fund Lost RM73 Billion Last Year http://www.opalesque.com/SWF_Briefing/?p=20692 http://www.opalesque.com/SWF_Briefing/?p=20692#comments Mon, 26 Sep 2016 05:51:50 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20692 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20692>Article Link</a> One of the Asean region’s biggest soveriegn fund has been hit by its first loss in 7 years. While local detractors of Malaysia’s ruling government have continued their smear campaign against state-owned investment fund 1MDB and making it appear as a huge failure due to losses, it is Singapore’s state investment giant Temasek Holdings which announced an astounding SG$24 billion (RM73 billion) loss for its last financial year. (more…)

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Fall in global equities sees NZ Super Fund record worst performance since 2012 http://www.opalesque.com/SWF_Briefing/?p=20676 http://www.opalesque.com/SWF_Briefing/?p=20676#comments Wed, 21 Sep 2016 23:22:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20676 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20676>Article Link</a> A fall in global equities has seen the annual return of the NZ Super Fund fall to its lowest level since 2012. The sovereign wealth fund, established to help cover New Zealand’s retirement costs, said on Wednesday that a drop in the June month meant its value stood at $30.1 billion at June 30, an increase of 1.89 per cent over 12 months. (more…)

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New Zealand Super reports 1.89% gain for financial year http://www.opalesque.com/SWF_Briefing/?p=20675 http://www.opalesque.com/SWF_Briefing/?p=20675#comments Wed, 21 Sep 2016 23:21:44 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20675 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20675>Article Link</a> New Zealand Superannuation Fund reported a 1.89% investment gain for its financial year ended June 30, lifting the value of its portfolio to NZ$30.1 billion ($21.4 billion). In a news release Thursday, New Zealand Super said strong gains by the Auckland-based sovereign wealth fund’s active investments in timber and infrastructure helped it outperform its passive reference portfolio by 52 basis points for the year. (more…)

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Angolan sovereign wealth fund releases Q1 results http://www.opalesque.com/SWF_Briefing/?p=20670 http://www.opalesque.com/SWF_Briefing/?p=20670#comments Wed, 21 Sep 2016 23:19:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20670 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20670>Article Link</a> The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, released its first quarter investment update for 2016, showing total assets of $4.56 billion. FSDEA Chairman José Filomeno dos Santos said that as of 31 March 2016, the Fund had approximately 60 per cent of its portfolio allocated in private equity funds dedicated to both domestic and regional investments. (more…)

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Fall in global equities sees NZ Super Fund record worst performance since 2012 http://www.opalesque.com/SWF_Briefing/?p=20665 http://www.opalesque.com/SWF_Briefing/?p=20665#comments Wed, 21 Sep 2016 03:32:31 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20665 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20665>Article Link</a> A fall in global equities has seen the annual return of the NZ Super Fund fall to its lowest level since 2012. The sovereign wealth fund, established to help cover New Zealand’s retirement costs, said on Wednesday that a drop in the June month meant its value stood at $30.1 billion at June 30, an increase of 1.89 per cent over 12 months. (more…)

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Abu Dhabi’s Mubadala Posts $1.2 Billion Loss in First-Half http://www.opalesque.com/SWF_Briefing/?p=20603 http://www.opalesque.com/SWF_Briefing/?p=20603#comments Fri, 09 Sep 2016 01:17:58 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20603 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20603>Article Link</a> Mubadala Development Co., the Abu Dhabi sovereign fund merging with International Petroleum Investment Co., posted a 4.43 billion-dirham ($1.2 billion) loss in the first half because of lower commodities prices and smaller gains from financial investments. (more…)

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Russian Wealth Fund Has This Year’s Biggest Drop as Buffers Wilt http://www.opalesque.com/SWF_Briefing/?p=20587 http://www.opalesque.com/SWF_Briefing/?p=20587#comments Wed, 07 Sep 2016 04:11:16 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20587 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20587>Article Link</a> One of Russia’s two sovereign wealth funds had its biggest drop of the year in August, underlining the urgency of bringing the deficit under control as the budget gap remains on track for the widest since 2010. (more…)

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Future Fund hits 10th year double the size http://www.opalesque.com/SWF_Briefing/?p=20571 http://www.opalesque.com/SWF_Briefing/?p=20571#comments Fri, 02 Sep 2016 03:40:40 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20571 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20571>Article Link</a> It’s 10 years old, doubled in size and, at $123 billion, is larger than Peter Costello envisaged when he established it in May 2006. But the former Liberal treasurer, now chairman of the fund which aims to cover the unfunded liabilities of public service superannuation, has warned of a difficult investment environment ahead. (more…)

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Future Fund assets up to $123b after strong fourth quarter http://www.opalesque.com/SWF_Briefing/?p=20568 http://www.opalesque.com/SWF_Briefing/?p=20568#comments Fri, 02 Sep 2016 03:40:01 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20568 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20568>Article Link</a> The Future Fund is shifting more of its $123 billion portfolio into private investments as ultra low interest rates reduce returns and raise risks in public equity and bond markets. (more…)

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Australia’s Future Fund gains 4.8% in fiscal year http://www.opalesque.com/SWF_Briefing/?p=20567 http://www.opalesque.com/SWF_Briefing/?p=20567#comments Fri, 02 Sep 2016 03:39:49 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20567 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20567>Article Link</a> Australia’s Future Fund reported a 4.8% investment return for its fiscal year ended June 30, lifting the value of its portfolio to A$122.8 billion ($91.1 billion). The Melbourne-based sovereign wealth fund’s gain for the quarter ended June 30, meanwhile, came to 4.6%. (more…)

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Alaska Permanent misses benchmark with 1.02% fiscal-year return http://www.opalesque.com/SWF_Briefing/?p=20557 http://www.opalesque.com/SWF_Briefing/?p=20557#comments Fri, 02 Sep 2016 03:37:10 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20557 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20557>Article Link</a> Alaska Permanent Fund Corp., Juneau, returned 1.02% gross of fees for the fiscal year ended June 30, below its 1.57% performance benchmark, the $52.9 billion sovereign wealth fund announced Thursday. (more…)

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Straumann Shares Fall by Most in One Year After GIC Stake Sale http://www.opalesque.com/SWF_Briefing/?p=20550 http://www.opalesque.com/SWF_Briefing/?p=20550#comments Thu, 01 Sep 2016 00:25:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20550 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20550>Article Link</a> Straumann Holding AG shares fell by the most in a year after Singapore’s sovereign wealth fund GIC Pte reduced its stake in the Swiss dental-implant manufacturer. (more…)

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Decade-old Future Fund doubles in size http://www.opalesque.com/SWF_Briefing/?p=20548 http://www.opalesque.com/SWF_Briefing/?p=20548#comments Thu, 01 Sep 2016 00:24:36 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20548 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20548>Article Link</a> The Future Fund has doubled in size since was it created 10 years ago to stand at $123 billion, larger than former Liberal treasurer Peter Costello envisaged when he established it. But Costello, now chairman of the fund which aims to cover the unfunded liabilities of public service superannuation, has warned the investment environment is challenging, with returns likely to be lower and risks higher while global growth remains weak. (more…)

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GIC’s and Temasek’s investee company Xiaomi lost $40 billion in value http://www.opalesque.com/SWF_Briefing/?p=20519 http://www.opalesque.com/SWF_Briefing/?p=20519#comments Fri, 26 Aug 2016 01:38:23 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20519 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20519>Article Link</a> It was recently reported that Chinese smartphone company Xiaomi, once dubbed the “Apple of the East”, has lost US$40 billion in value over a period of 18 months. In Dec 2014, Xiaomi announced a funding round of US$1.1 billion giving it a valuation of US$45 billion. In the US$45 billion round, it wasreported that investors included the Singapore sovereign wealth fund GIC, which is tasked to manage Singapore’s reserves. (more…)

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Qatar’s financial position ‘will remain strong over next decade’ http://www.opalesque.com/SWF_Briefing/?p=20502 http://www.opalesque.com/SWF_Briefing/?p=20502#comments Wed, 24 Aug 2016 03:25:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20502 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20502>Article Link</a> Qatar, whose budget will turn back to surplus in 2017, will remain in one of the strongest fiscal positions in the world over the next decade and continue to hold massive financial buffers through its sovereign wealth fund (SWF), according to BMI. “Qatar’s sovereign position will remain one of the strongest in the world,” BMI said, forecasting that the budget surplus is expected to be QR5.3bn in 2017. (more…)

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SOFAZ reveals income from largest oil project http://www.opalesque.com/SWF_Briefing/?p=20480 http://www.opalesque.com/SWF_Briefing/?p=20480#comments Fri, 19 Aug 2016 03:44:42 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20480 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20480>Article Link</a> Revenues of Azerbaijan’s state oil fund SOFAZ from the project on development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields totaled $119.779 billion from early 2001 to August 1, 2016, the Fund told Trend. (more…)

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Norway’s SWF Up Despite 5% UK Real Estate Haircut http://www.opalesque.com/SWF_Briefing/?p=20477 http://www.opalesque.com/SWF_Briefing/?p=20477#comments Fri, 19 Aug 2016 03:43:47 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20477 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20477>Article Link</a> Norway’s sovereign wealth fund is worth 7,177 billion NOK (US$878 billion). It was up in the second quarter of 2016 by a steady 1.3%, in spite of its real estate holdings in the UK that Norge’s Bank Investment Management’s quarterly report says it reduced by 5 percent as of June 30th. (more…)

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Norway’s sovereign wealth fund returns to prodit amid bond gains http://www.opalesque.com/SWF_Briefing/?p=20466 http://www.opalesque.com/SWF_Briefing/?p=20466#comments Thu, 18 Aug 2016 01:36:17 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20466 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20466>Article Link</a> Norway’s US$890 billion (S$1.19 trillion) sovereign wealth fund, the world’s biggest, returned to gains in the second quarter even as it warned low interest rates will put pressure on returns ahead amid rising withdrawals from the government. (more…)

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Norway’s sovereign wealth fund returns 1.3% in quarter http://www.opalesque.com/SWF_Briefing/?p=20465 http://www.opalesque.com/SWF_Briefing/?p=20465#comments Thu, 18 Aug 2016 01:36:05 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20465 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20465>Article Link</a> Norway’s Government Pension Fund Global, Oslo, returned 1.3% in the three months ended June 30, bolstering total assets by 1.4% to 7.18 trillion Norwegian kroner ($850 billion). In a financial update Wednesday, Norges Bank Investment Management, which runs the assets of the sovereign wealth fund, said the return was equivalent to a gain of 94 billion Norwegian kroner. (more…)

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World’s Biggest Wealth Fund Struggles With Market Pay Off http://www.opalesque.com/SWF_Briefing/?p=20455 http://www.opalesque.com/SWF_Briefing/?p=20455#comments Wed, 17 Aug 2016 02:11:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20455 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20455>Article Link</a> Norway’s $890 billion sovereign wealth fund, the world’s biggest, may have eked out a gain in second quarter as broad stock and bond indexes rose. The fund, which release its report on Wednesday, has had losses for three of the past four quarters, struggling to navigate market turbulence at the same time as it faces the first-ever withdrawals by the government. (more…)

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Temasek buyout target SMRT Q1 profit down 23% http://www.opalesque.com/SWF_Briefing/?p=20404 http://www.opalesque.com/SWF_Briefing/?p=20404#comments Tue, 09 Aug 2016 01:53:39 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20404 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20404>Article Link</a> Transport operator SMRT Corp reported on Monday (Aug 8) a 22.9 per cent year-on-year decline in profit to S$15.5 million for its fiscal first quarter, its first decline in a year, as losses in the rail business deepened. (more…)

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Economists see lower Temasek, GIC returns denting govt coffers http://www.opalesque.com/SWF_Briefing/?p=20397 http://www.opalesque.com/SWF_Briefing/?p=20397#comments Mon, 08 Aug 2016 01:39:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20397 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20397>Article Link</a> The current brittle investment climate has weighed on Singapore’s sovereign wealth fund GIC and state investor Temasek Holdings. This will in turn affect the government’s coffers, observers told The Business Times. (more…)

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Singapore State Investment Fund Chaired By Its Prime Minister Reports Multi-Billion Dip In Profits http://www.opalesque.com/SWF_Briefing/?p=20370 http://www.opalesque.com/SWF_Briefing/?p=20370#comments Wed, 03 Aug 2016 01:50:33 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20370 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20370>Article Link</a> Government Investment Corporation of Singapore (GIC) which is chaired by its prime minister Lee Hsien Loong reported “a dip in its 20-year annualised real rate of return to 4 per cent” in its 2016 annual report. GIC reported a dip in its 20-year annualised real rate of return to 4 per cent from the previous year’s rate of 4.9% for the financial year ended March 31, Singapore news daily The Straits Times reports on 28 July. (more…)

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Russia’s Reserve Fund edges down to $38.18 bln by Aug. 1 http://www.opalesque.com/SWF_Briefing/?p=20366 http://www.opalesque.com/SWF_Briefing/?p=20366#comments Wed, 03 Aug 2016 01:49:38 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20366 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20366>Article Link</a> Russia’s Reserve Fund shrank slightly over July in dollar terms and was worth $38.18 billion as of the start of August, the finance ministry said on Tuesday. The fund was worth $38.22 billion at the start of July. (more…)

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China’s top sovereign wealth fund quadruples in total assets in 8 years http://www.opalesque.com/SWF_Briefing/?p=20354 http://www.opalesque.com/SWF_Briefing/?p=20354#comments Tue, 02 Aug 2016 01:25:29 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20354 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20354>Article Link</a> A report says China’s investment fund industry will continue expanding. The total assets of the top sovereign wealth fund in China have quadrupled in eight years since its founding, according to the 2015 annual report released by the China Investment Corporation. (more…)

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SAMA’s net foreign assets reach $562 billion in June http://www.opalesque.com/SWF_Briefing/?p=20345 http://www.opalesque.com/SWF_Briefing/?p=20345#comments Mon, 01 Aug 2016 03:22:07 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20345 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20345>Article Link</a> Net foreign assets at Saudi Arabian Monetary Agency (SAMA) fell by $11 billion from the previous month to $562 billion in June as the government drew down its reserves to cover a budget deficit caused by low oil prices, official data showed on Thursday. (more…)

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Singapore’s Sovereign-Wealth Fund Sees Lower Returns Ahead http://www.opalesque.com/SWF_Briefing/?p=20332 http://www.opalesque.com/SWF_Briefing/?p=20332#comments Thu, 28 Jul 2016 00:02:06 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20332 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20332>Article Link</a> Singapore’s over $300 billion sovereign-wealth fund sees no end in sight for the era of low returns as anemic interest rates and sluggish growth weighed on one of the world’s biggest state funds. (more…)

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Singapore wealth fund’s performance falls to three-year low http://www.opalesque.com/SWF_Briefing/?p=20331 http://www.opalesque.com/SWF_Briefing/?p=20331#comments Thu, 28 Jul 2016 00:01:51 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20331 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20331>Article Link</a> Low interest rates, high asset valuation and political instability were expected to bring down returns for the foreseeable future, Singapore’s GIC said on Thursday as the sovereign wealth fund’s performance fell to a three-year low. (more…)

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GIC Warns of Muted Market Returns as Fund Performance Declines http://www.opalesque.com/SWF_Briefing/?p=20330 http://www.opalesque.com/SWF_Briefing/?p=20330#comments Thu, 28 Jul 2016 00:01:37 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20330 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20330>Article Link</a> GIC Pte, which manages Singapore’s foreign reserves, said its key performance measure declined and warned that record-low interest rates will weigh on investment returns in the coming decade. (more…)

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CIC’s 2015 returns upset by volatile market environment http://www.opalesque.com/SWF_Briefing/?p=20305 http://www.opalesque.com/SWF_Briefing/?p=20305#comments Tue, 26 Jul 2016 01:33:25 +0000 VRS http://www.opalesque.com/SWF_Briefing/?p=20305 <br> <a href=http://www.opalesque.com/SWF_Briefing/?p=20305>Article Link</a> The China Investment Corporation (CIC) saw its returns plunging into the red last year amid the dismal global economic environment. In 2015, the net annual return of its overseas investments succumbed to a loss of 2.96%, against a net gain of 5.47% in 2014. (more…)

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