Cathay Financial CIO explains strategy

Even well-resourced institutional investors with relative freedom to allocate internationally are finding life difficult these days. Sophia Cheng, chief investment officer of Cathay Financial, the parent of Taiwan’s Cathay Life, has outlined how her firm has approached the twin challenges of low interest rates and high market volatility. The country’s biggest life insurer, with $134 billion in assets under management, has steadily built a 220-strong investment team to help it find…