Costly mixed-use developments with decades-long return horizons still have their backers. Two leading funds tell how they still have an appetite for long-term place-making.
Singapore sovereign wealth fund GIC is leading a $240 million Series D funding round for open source technology company Grafana Labs; South Korea’s Yellow Umbrella Mutual Aid Fund is seeking managers for a $328 million real estate mandate; Hong Kong's Mandatory Provident Fund (MPF) posted HK$76.2 billion loss in the first quarter of 2022, and more.
Aware Super appoints deputy CIO and head of governance; AustralianSuper promotes chief risk officer to replace Paul Schroder; Raffles Family Office adds two new roles to independent advisory board; Amundi appoints South Asia CEO; Barclays names China chief executive; Zico hires head of advisory in Singapore; Capital Group names head of HK client group; and more
The unwinding of 'financial repression' is seen to be having a big impact on the portfolio risk. Private market investments in particular are presenting fresh challenges.
Some big institutions find index-based investment harder than they expect and should push asset managers to cut fees instead of trying do it themselves, says a State Street executive.