This year was full of ups and downs in the market, with changing interest rates to Trump coming into power. While money moves by sovereign wealth funds were highly tracked by our readers (list judged on the basis of views), allocators continue to find cost-effective ways to invest money.
After the challenges faced by real assets, most allocators expect a better future for the asset class, thus moves within the space were closely watched.
When we talk about 2024, we cannot forget the growth of AI
and technology investments and integration within the plan’s portfolio. Multiple
surveys suggest allocators are shifting more and more towards these
investments, and thus a noticeable interest in the AI investment style of top
leaders in the industry was noted by many.
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Top 10 industry news of the year
10. Largest US Pension Fund CalPERS to increase allocations to non-core Real Assets strategies
The $501.39 system has repositioned its portfolios to benefit from non-core RA strategies. Core strategies exceed return benchmarks.
9. Focusing on 'portable alpha strategy' Iowa PERS discloses plans for 2025
Absolute return investment products that could
potentially be used in a portable alpha strategy.
8. Japan's
Pension Fund Explores Bitcoin as an Investment
Japan’s Government Pension Investment Fund (GPIF), the
world’s largest pension fund by assets under management, announced that it is
seeking information on "illiquidity assets," including bitcoin, as
part of its exploration into potential new investments.
7. Greece
ready to setup its first sovereign wealth fund, welcomes BlackRock FMA on board
Greece will launch its inaugural sovereign wealth fund
this week with the support of BlackRock Financial Markets Advisory
6. LACERA
chooses consultant for its hedge funds, credit and real assets portfolios
The winning consultant scored significantly higher
on mitigation of conflict, servicing capabilities and technology.
5. Sweden's
Alecta faces regulator's call for police probe into Heimstaden investment
Sweden's financial regulator has requested that the
police investigate potential corruption related to pension fund Alecta's
investment in the property group Heimstaden Bostad, as disclosed by Alecta.
The
board approved a re-up of up to $200m to HarbourVest PA Co-investment Fund
Tranche II L.P, capped at $50m allocation for 2024
3. Data
Centers to Become the Epicenter of AI Investments, Here’s What the Leaders Have
to Say
From Steven Meier at NYC to Larry Fink, data centers have
become attractive to investors. They plan to allocate through their
infrastructure portfolio.
2. Bahrain's
Sovereign Wealth Fund Assumes Full Ownership of McLaren
Bahrain's sovereign wealth fund, Mumtalakat, has acquired
complete ownership of the McLaren Group, renowned for producing
high-performance sports cars and holding a significant share in the McLaren
Formula 1 team.
Norway's sovereign wealth fund, the Government Pension Fund Global (GPFG), celebrated a significant financial milestone as it reported a record-breaking profit of 2.22 trillion Norwegian crowns (approximately $213 billion) for the year 2023.