Tech Stocks Lead Norway’s Pension Giant to 6.3% Return in Q1
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
More than $400 million of the investment was made within the pension fund’s real estate portfolio.
Rana Ghorayeb will oversee the pension fund’s $57 billion portfolio as it consolidates its Ivanhoé Cambridge and Otéra Capital subsidiaries.
The University Pension Plan Ontario’s first investment under the partnership is an undisclosed stake in Great Britain’s largest rolling stock company.
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.
Emond, who became CEO in 2020, will remain until at least February 2029.
The $184 billion pension giant is asking its portfolio companies to improve their climate-change risk management.
The Massachusetts state pension fund fell just short of its benchmark, as its asset value grew to more than $100 billion.
The Government Pension Investment Fund’s investments returned 2.62% during the quarter that ended in December 2023, raising its asset value to more than $1.5 trillion.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
The Canadian pension giant is integrating Ivanhoé Cambridge and Otéra Capital, also announcing the April departure of Ivanhoé Cambridge CEO Nathalie Palladitcheff.
A group representing A$1.2 trillion in assets is calling for reforms and investment on ‘a massive scale.’