AIMCo sheds more costs with NYC, Singapore offices the latest casualties

Just days after Alberta Investment Management Corp
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Could Norway’s SWF really disappear?

Could Norway’s SWF really disappear?

Rising geopolitical risks and an AI correction could severely impact the value of the $2.2 trillion Norwegian sovereign fund, according to its chief executive Nicolai Tangen, who went so far as to say the fund could "disappear." The warning is a stark one for the world's largest sovereign wealth fund, whose 70 per cent equity allocation leaves it heavily exposed to any sharp correction in global and particularly US tech markets.

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Thinking Ahead Institute co-founder exits amid deeper integration with WTW

Tim Hodgson, co-founder of WTW’s Thinking Ahead Institute, has left the prolific research network as it seeks closer ties with the broader consultancy. The network's head Marisa Hall rejected the suggestion of any fundamental restructuring but said TAI needs more resources as it takes on more TPA projects.

NBIM dethrones GPIF to become the world’s largest asset owner

Norway’s sovereign wealth fund is now the world’s largest asset owner according to the Thinking Ahead Institute's annual Asset Owner 100 report, which also outlines the similarities and challenges among top capital allocators globally. 

Sweden’s AP2 and AP6 conflict over PE investments

The Swedish government’s plans to streamline the country’s pension system and merge the $8 billion buffer fund AP6 with its larger and more diversified sibling, the $48 billion AP2, have hit a bump in the road. Major points of contention include AP6's large private equity exposures and staff integration. 

Iceland’s pension funds: Consolidation continues but size of sector a worry

Merger mania continues to grip Iceland’s pension sector, but economies of scale and greater efficiency don't solve the problem of the size of an industry now larger than the country's banking system and insurance sector combined, and more than sufficient to buy all listed investments.

Limited alternatives keep global capital anchored to the US

Singapore’s Temasek said while US exceptionalism may be “fraying”, there aren’t many alternative markets that can handle the same volume of global capital. Meanwhile, fellow sovereign fund GIC believes the greenback’s reserve currency status remains solid even though currency swings could spell trouble for foreign investors.

Minnesota overhauls governance as CIO gets more mandate power

Chief investment officer of the $150 billion Minnesota State Board of Investment will gain authority to hire and fire managers without board approval in a governance overhaul approved this week that will sharply fast-track decision-making. The change follows an 18-month asset allocation study which has resulted in some portfolio finetunes.

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