GIC’s highest 20-year annualised real return since 2015 places it among the world’s five largest sovereign wealth funds.
Insto roundup: Dai-ichi Life buys $119m climate bond; Singapore's PropertyGuru to merge with Richard Li-backed Spac
Hesta reports record 23% return for sustainable growth option; Aware Super reaches $110 billion in AUM; People's Bank of China to continue supporting ESG bonds; US-based Generate raises $2 billion from international pension funds; Korea's CWMAA looking to hire for foreign infra mandate; Temasek enters $103m JV with nanotech firm; and more.
Global SWF’s first-half report revealed very strong deal-making activity by state investors, along with shifting investment habits and a rising interest in in-house start-ups.
The state investor achieved the highest shareholder returns since 2010, when it had 43% returns, and a record net portfolio value, its latest annual results show.
Insto roundup: Dai-ichi Life invests in BlackRock green infra fund; Korea's GEPS awards mandates for overseas infra
The Australian's Asic launches ESG fund review for greenwashing; Cbus hires from Apra; Hesta hires from AMP Life; Dai-ichi Life Insurance invests $50 million in climate infra fund; Korea's GEPS awards $105 million overseas infra mandates; Teachers' Pension calls for bids; QIA increases Credit Suisse stake; and more.
Rest hires Australian equities head; China launches new rule for cash products; Richard Li's FWD applies for US IPO; Indonesia's new SWF plans to acquire toll road assets; Swedish pension fund AP7 excludes Chinese firms; Korean Teachers' Credit Union commits $100 million to US real estate fund; MAS reprimands three insurers; Temasek take up bulk of Singapore Airlines' undersubscribed bonds; and more.