Including: NORWAY - Oil fund loses 1.3%; US - Texas TRS loses $25bn; SWEDEN - AP4 invests in infrastructure
The Government Pension Fund - Global, more commonly known as the Oil Fund, ended October with assets of NOK2.09trn (US$300.1bn) down from NOK2.11trn (US$302.9bn) in September, a loss of 1.3%.
Press reports stated Norges Bank officials, which are in charge of the direction of the fund, said the results marked the worst month ever. Full Q3 results will be released on 25 November.
US - Texas TRS loses $25bn
The Texas Teachers Retirement System (TRS) has lost US$25bn since the beginning of September, with assets falling from $104bn to between $80bn and $85bn according to reports in newspaper the Houston Chronicle.
The fund said retiree benefits would not be at risk however, as the TRS was a long term investor and able to withstand short-term fluctuations in market conditions.
SWEDEN - AP4 invests in infrastructure
The AP4 pension fund has become the latest institutional investor to sign up to EQT Infrastructure's investment fund, which has closed at €1.2bn, above its target.
AP4 has invested alongside other institutional investors, including Skandia and Varma Mutual Pension Company in the fund, which is targeting infrastructure investments in Northern and Eastern Europe.
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