The worst global investment environment in 50 years has left the Exchange Fund with 'nowhere to hedge'. HKMA's chief executive said the fund plans to adopt a defensive position heading into 2023.
For sophisticated asset owners used to outsourcing private market investments, the new test ahead is becoming how to divest some of their exposure as public markets tumble.
The Malaysian sovereign wealth fund believes that the 'G' in ESG is critical if sustainability is to drive alpha going forward.
The two asset owners noted that rating scores can be inconsistent among various external providers depending on the metrics used. Sometimes, even the rationale behind the ESG ratings can be wrong.
For the $1.35 trillion alternative-heavy China Investment Corporation, it could be just a matter of time before it surpasses the world's largest sovereign wealth fund Norwegian Government Pension Fund Global.
Back in 2014, China Investment Corporation had started expanding offshore private equity exposure, while the American pension fund actively sought Asia-based partners.
Official implementation framework announced this month expands investible universe for China’s private pension scheme, allowing more products and fund managers a slice of the trillion-dollar market.
The worst might be over, but we are not at the end of the tunnel just yet. Are we seeing a bumpy road upward? Wait until it’s about fundamental changes rather than a sentimental bounce, fund managers say.
Asian sovereigns and investment credit have become attractive again as the market moves towards the end of the rising rate cycle. But China's fixed income is still not one of such kind.
Stable assets that allow LPs to have a say in company management are guaranteeing decent returns amid the current market volatility.
Taiwan’s largest pension manager opened a bid for its first overseas ESG mandate back in late 2016, in order to diversify investment risk and create stable long-term returns. The strategy is now being tested during the market downturn.
Investors should be given credit — carbon credit in particular — when they hold carbon-intensive assets in Asia but aim to help these assets transit. However, regulations also need to stay updated in order to prevent greenwashing.