Ping An targets top overseas PE managers, hedges FX risk

Ping An Insurance Group expects healthy long-term performance of its overseas private equity investments as the insurer has full faith in its best-in-class global managers. At this stage, Ping An doesn’t need to have a large and diversified pool of managers for neither its domestic nor offshore private equity exposures. Instead, it works with successful managers with proven track records, its leadership told AsianInvestor. “We have to know who these people are, their quality, re…