The semi annual report of Norway’s sovereign wealth fund is testament to its commitment to transparency, unambiguously outlining the half year results which came in 0.04% under benchmark. The fund did benefit from a nearly 15% exposure to tech stocks, but was let down by returns in renewable energy infrastructure.
The active equity strategy of Denmark’s €23 billion AP Pension – which focuses on a narrow exposure to a small set of high conviction, quality companies - has been hit by the surge in tech stocks, none more so than Nvidia. Investment director Pernille Jessen explains the problem.
USS says losses in Thames Water have led to deep reflection on how it will invest in regulated assets in the future, flagging the need for consistent regulation to support pension fund investment. As the fund celebrates its 50th year it records a surplus for the first time since 2008.
A chronic shortage of housing in the UK has resulted in long waiting lists for social housing and young people left priced out of ownership. The experience of the Greater Manchester Pension Fund, investing more in the sector, provides lessons for other investors in jurisdictions with a housing shortage.
The annual survey by Japan’s 245.98 trillion yen ($1.5 trillion) Government Pension Investment Fund, measuring asset manager engagement of listed companies, finds purposeful and constructive dialogue between investors and companies remains challenging. Lacklustre asset manager engagement with investee companies comes as GPIF seeks to widen its manager pool.
Thailand’s GPF is a regional leader in ESG integration. Top1000funds.com talks to Man Juttijudata, responsible for GPF’s active investment and outsourced investments about the challenges – like how to treat EV companies – and how uses fund managers for nuanced assessment.
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