By swapping government bonds for bullion, pension funds, sovereign wealth funds and family offices are hoping to protect their portfolios against falling currencies.
Asset owners are rotating towards private market assets, while sovereign wealth funds are being tapped to support national budgets and strategic industries.
GIC, ADIA and EQT exit Galderma in $6.28bn block trade; KKR, IMM Consortium Invest $2.23bn in SK Telecom’s AI data unit; Mongolia targets $2bn for AI and green data centres; Danantara commits $1bn to Partners Group private credit mandate; and more.
Korea Investment Corporation told AsianInvestor there will be no delays to its investment strategy or TPA rollout, even as the fund builds a new CIO candidate pool from scratch.
Australia's SWF attributed its performance to long-term portfolio diversification and active risk management, although the earnings news was closely followed by Raphael Arndt's announcement of his imminent departure.