The Australian pension fund has built its largest overweight position in the Japanese yen in years as it bets the Bank of Japan will hike rates faster than markets expect.
High foreign currency hedging costs and rising local interest rates are driving Japanese defined benefit funds back toward domestic bonds, general accounts and active manager restructuring.
With both cities sharpening their competitive edge, AsianInvestor asked experts how they are navigating new tax breaks, hedge fund incentives and visa tracks.
Outsourced CIO services are expanding rapidly across Asia as institutions, family offices and statutory boards seek scale, governance and private market expertise.
While sovereign programmes and private constellations drive scale, geopolitical and regulatory risks, and heavy upfront capex, shape investor appetite.
The insurer outperformed industry benchmarks through a portfolio anchored in fixed income, balanced equities, selective alternatives and growing AI investments.