As sovereign wealth funds seek to do more co- and direct investment, real estate is experiencing the most abrupt move away from the traditional limited partner model.
The sovereign wealth fund is ramping up its in-house capabilities, becoming more targeted in its investments and building up exposure in new areas, with China and India a key focus.
AustralianSuper CIO warns of low returns; China brings forward lifting of foreign ownership limits; GPIF reports profit; Korea Post, APG invest in property debt; EPF eyes UK property; GIC, Mid East SWFs focus on Asia; global SWFs up bond exposure; and more.
UBS Asset Management believes sovereign wealth funds need to analyse their own portfolios adding exposure to high growth markets and alternatives, and better react to mega-trends.
Sovereign wealth funds may have hit ‘peak allocation’ to illiquid assets, for now at least, but are increasingly making non-core private investments, finds new research.
Sovereign wealth funds in recent years have sought to bring more listed-asset investing in-house, but that trend may be about to turn, says Elliot Hentov of State Street Global Advisors.