MetLife Investment Management agrees to buy PineBridge Investments in billion-dollar deal; Sovereign wealth funds increase China investments by 21% to $10.3 billion in 2024; AustralianSuper takes $62 million hit on cobalt miner; and more.
The world's largest asset owner sustainable investment platform hopes the move will better connect information about investee company revenues with real world outcomes.
An asset owner-led platform will include data on the companies and investment it covers by the third quarter of 2024 amid growing attention on biodiversity.
Ontario Teachers' unit makes late-stage VC investment in Indian logistics platform; Taiwan's PSPF picks investment advisor; Sumitomo Life increases stake in Singlife; Philippines' GSIS invests in renewable power player; and more.
China's new regulatory body gets chief; China Life Pension names new chairman; India's quasi SWF gets new CEO; Australian Super appoints Europe investments head; JPMAM's Greater China head relocates; and more.
Increasingly, investors are supplementing — or replacing — data from third parties with their own analysis, senior executives from the two funds told AsianInvestor.
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.