Hong Kong-based Chow Tai Fook Enterprises aims to ride a recovery in the hospitality and retail sector in 2023 and is also keeping an eye on quality private equity and Chinese equities exposure.
Though family offices in the region share a common interest in private assets going into 2023, different generations view digital assets very differently.
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.
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.
Stable assets that allow LPs to have a say in company management are guaranteeing decent returns amid the current market volatility.
The life insurer sees many opportunities around ESG investment in alternatives, but questions how to evaluate such emerging assets using traditional metrics.
Is the private market all about growth and return, or can it become an area where asset owners can also step up and make a difference in terms of gender equality?
Asia-Pacific asset owners have lost interest in private equity, although alternative asset allocations, in general, have increased from 15.3% to 21.5% over a six-month period, according to AsianInvestor’s most recent survey.
Blackstone has boosted its private wealth unit in Asia sixfold over the past three years to make up a team of 30 focusing on Singapore, Hong Kong, Tokyo, and Shanghai.
More exposure to risky assets, and better asset liability management and ESG practices are among the focuses of Chinese life insurance companies in 2022.
Its sizable hedging portfolio allows the life insurer to overweight alternative assets while maintaining a healthy solvency ratio.