NEWS

MG's top industry news for 2024

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.

4. Penn SERS considers co-investments a ‘cost effective way’ to invest in private equity; amid new allocation

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. 

1. Norwegian Sovereign Wealth Fund Reports Record $213 Billion Profit in 2023, Bouncing Back from Previous Losses

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.