KIC, NPS seen building strategy teams

Asset owners in Asia need to develop a less constrained allocation approach, amid a growing trend to build investment strategy teams and cut fund manager rosters, said panelists at AsianInvestor's Asian Investment Summit yesterday in Hong Kong. There is a realisation that having a lot of managers is not necessarily a sensible way to go, said Jayne Bok, head of sovereign advisory at investment consultancy Willis Towers Watson. “After a certain point, any additional managers they …