Friday SWFI News Roundup, August 21, 2015
Norway SWF Posts Negative Returns for Second Quarter
Norway’s Government Pension Fund Global (GPFG) posted a negative return of -0.9% for the second quarter. Fixed income dragged down returns at -2.2%, while equities for the wealth fund returned -0.2%. The wealth fund’s real estate investments posted a 2% return for the quarter. Yngve Slyngstad, CEO of Norges Bank Investment Management (NBIM), indicated in a release that growing yields in developed markets affected fixed income, while U.S. stocks affected returns.
Alaska Permanent Fund Corporation Posts Fiscal Return
Alaska Permanent Fund Corporation (APFC) posted a preliminary 4.9% return, gross of fees, for the fiscal year ended June 30. APFC’s top performing asset class for that fiscal year was private equity at 16.46%. Real estate was the second best at 9.8%. The worst performing asset class was multi-asset emerging markets at -7.4%. The private markets OCIO allocation generated a -5.62%. This OCIO program is managed by firms like Apollo Global Management and The Carlyle Group.
Bi-Partisan Support to Not Tap Principal Amount of North Dakota Legacy Fund
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