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GIC ups US equities allocation despite valuation worries

Singapore's GIC boosted its US equities allocation in the year to March 2025 despite the expectation that high valuations could "provide a challenging backdrop for forward returns”, according to the fund's latest annual report released on Friday.

Darcy SongJuly 25, 2025

Private Equity

TRS eyes threat of retail investors in private markets

Sarah RundellJuly 24, 2025

News

Sydney University’s private asset portfolio under scrutiny for defence ties

Brendan SwiftJuly 24, 2025

Norway’s KLP drops defence groups because of weapon sales to Israel

Sarah RundellJuly 22, 2025

Featured Story

UK investor group forms to highlight the importance of good governance

Sarah RundellJuly 22, 2025

Investor Profile

NBIM eyes Asia’s growth as global capital shifts east

The $1.8 trillion Norges Bank Investment Management marks the 15th anniversary of its Singapore office this year, with the unit now firmly established as its Asia-Pacific stronghold. As regional growth set to continue in the coming decade, NBIM is well-positioned to capitalise on it, says Singapore head Sumer Dewan.

Darcy SongJuly 17, 2025

Equities

Rebalancing at UTIMCO: Why investors should worry about corporate earnings

In a recent board meeting, University of Texas Investment Management Co's head Rich Hall explained why he is concerned about corporate earnings' impact on equity returns. He also warned that as consumer and company spending slows, a recession can become self-fulfilling until new facts emerge to break the pattern.

Sarah RundellJuly 16, 2025

Asset Allocation

CalPERS finds continuity in climate of uncertainty

Investors are grappling with a multi-regime change that is manifesting in trade and geopolitical upheaval and a rise in real interest rates. But at a recent meeting, the CalPERS board heard that US equities remain top performers and the dollar, though weaker, is still historically strong and wil remain so.

Sarah RundellJuly 15, 2025

Investor Profile

Finland’s Ilmarinen prepares to increase risk ahead of new pension rules

Ilmarinen, Finland’s €63 billion ($73 billion) pension insurer, is laying the ground to significantly increase its equity allocation ahead of new pension rules in the country. CIO Mikko Mursula is preparing for a sharp increase in volatility of annual returns and the enhanced role and importance of diversifying the portfolio.

Sarah RundellJuly 14, 2025

Infrastructure

Temasek chases core-plus infra, creates private credit offshoot

The $338 billion Singapore state investor Temasek is contemplating allocating more capital to core-plus infrastructure projects, especially those related to data centres, energy transition and ageing facilities. The fund also spun out a standalone private credit platform called Aranda from its in-house credit team last fiscal year.

Darcy SongJuly 11, 2025

Investor Profile

North Carolina TSERS: Taxpayers deserve better in governance overhaul too

Ditching the sole trustee for a five-person board will help bring North Carolina’s pension funds out of enduringly weak performance by encouraging risk taking, says treasurer Brad Briner, whose experience includes managing Mike Bloomberg’s money. Sarah Rundell spoke to the treasurer about the new governance and investment overhaul.

Sarah RundellJuly 9, 2025

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