World’s Largest Sovereign Wealth Fund Climbs Closer to $2T
Norway’s GPFG could be the first $2 trillion pension before the end of next year.
Asset Allocation
NYC Comptroller Lander Proposes Excluding Fossil Fuels From Future Infrastructure, Private Equity Investments
The proposal for three New York City pension funds would expand divestment to fossil fuel reserve owners and private markets infrastructure, such as pipelines and distribution terminals.
Consortium Including CPP Investments, EQT, Neuberger Berman Acquires Private School Network
The transaction for Nord Anglia Education will value the day and boarding school system at $14.5 billion.
Largest Managers’ Assets Grew 12.5% in 2023 to $128T
Data from WTW's Thinking Ahead Institute show the 20 largest managers account for almost half of global discretionary assets.
How Will Increase in Natural Disasters Affect Insurance, Infrastructure Investors?
While those in insurance may seek more liquidity to defend against events like Hurricane Milton, many in infrastructure believe there must be better ways to anticipate such dangers.
Harvard Assets Reach $53B With 9.6% Return, Endowment Remains World’s Largest
Harvard Management Co. CEO Narvekar attributes returns to public equities, while alternatives lagged.
AustralianSuper Takes $1.5B Equity Stakes in DataBank
The Dallas-based data center company raised about $2 billion to fund its expansion plans that include three new facilities.
Japan GPIF Changes ESG Domestic Equities Index Due to ‘Large Tracking Error’
The $1.7 trillion pension giant has moved $20 billion to the MSCI Nihonkabu ESG Select Leaders Index.
Cornell Endowment Returns 8.7% for Fiscal 2024
Assets managed by the university’s Office of University Investments rose to $10.7 billion.
Active Bond Funds Outpaced Passive Peers Over Past Year, per Morningstar
Actively managed real estate funds were also among the top outperformers for the 12 months that ended June 30.
University of Pennsylvania Endowment Returns 7.1%
Assets of the fund increased to $22.3 billion as of June 30.
UK Infrastructure Bank to Become National Wealth Fund in Domestic Infrastructure Push
The plan to create a £27.8 billion sovereign fund moves forward.
MIT Announces Endowment Performance, Returns 8.9% in Fiscal 2024
Assets managed by MITIMCo rose to $24.6 billion.
Stanford Investment Vehicle Returns 8.4%
In fiscal 2024, assets of the Stanford merged pool, about 75% of which come from the university’s endowment, rose to $42.8 billion.
Australia’s QIC Makes History With Shopping Mall Sale
The deal marks the first Australian investment by U.S.-based real estate manager Hines.