Wednesday, August 21st, 2024 ⁠A topical newsletter from CIO Global Investing A newsletter for institutional investors, spotlighting news and trends in global investing. SPONSORED AD Risk Abu Dhabi’s ADQ to Take Minority Stake in Sotheby’s for $1B The undisclosed stake is part of the sovereign wealth fund’s plan to boost its arts and culture offerings. 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. Pensions Japan’s GPIF Reclaims World’s Largest Pension Fund Title The pension giant also released an annual survey evaluating the stewardship of its external asset managers. Asset Allocation Home Bias: Do Canadian Pensions Need to Invest More in Canada? Canadian lawmakers and business leaders criticize the country’s pension funds for not investing more domestically, but doing so could introduce risks, a new paper states.  Pensions UK Chancellor Reeves Meets With Maple 8 Bosses on Implementing ‘Canadian Style’ Investing in British Plans Reeves wants to learn lessons from Canadian plans on investing. 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. Did someone forward you this newsletter? Sign up here to get Chief Investment Officer Spotlight directly in your mailbox!

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