Asset owners to keep building overseas presence in 2023

Sovereign investors and pension funds are expected to open more overseas offices in 2023, even as global growth prospects slow and the threat of inflation lingers. In 2022, sovereign wealth funds (SWFs) and public pension funds opened 10 offices overseas, four of which were in Asia. At least two Asian asset owners - Singapore's Temasek and Malaysia's Khazanah - plan to boost their presence outside Asia. The desire to establish an overseas presence is expected to extend into 2023…