GIC partners with Omers Infrastructure and Wren House to jointly acquire Direct ChassisLink; Japan's Government Pension Investment Fund (GPIF), the world’s largest, posted its first quarterly loss in two years; AustralianSuper delivered a -2.73% return for the fund’s balanced option for FY2022; and more.
Super funds in Australia and New Zealand are eyeing international social housing investments, but associated risks mean that most investors in the nascent sector still favour opportunities in the domestic market.
The China Investment Corporation released guidelines on reaching carbon neutrality at the portfolio level in the next five years and beyond;China will allow foreign institutional investors to trade bonds after record selloff; Westpac is transferring its superannuation funds to Mercer Super Trust; Korea's Government Employees Pension Service chooses alternative investment head at Samsung Life as new CIO.
Horizons Ventures to open family office in Singapore; AustralianSuper expands private equity investments over the next two years; CDPQ real estate arm Ivanhoe Cambridge to invest $1 billion in green digital infrastructure project in India with Bain Capital and Lodha Group; and more.
Major asset owners, such as APG, NZ Super and AustralianSuper, are looking to invest in data centres in Asia even as the demand for these assets outstrips the current supply.
Australia’s largest super fund says it will make its first allocations to the sector in Asia and Europe within five years.
The chair of the National Council for Social Security Fund of China said the fund must grasp investment opportunities in technology; Australian institutional investors commit $38 billion to UK's green energy transition; Hang Seng Investment Management takes over management of Hong Kong's largest exchange-traded fund from State Street Global Advisors; and more.
AustralianSuper will double its staff in London and grow New York office to 80; Taiwan's Public Service Pension Fund to put great emphasis on ESG in manager selection; GPIF publishes list of companies with "excellent TCFD disclosures"; Nippon Life Insurance sets 2030 interim targets for greenhouse gas emission reduction in the investment portfolio; and more.
Swiss Re appoints Ivan Gonzalez as CEO for reinsurance in China; AustralianSuper hires senior investment director for infrastructure debt in New York; AIA Investment Management hires head of global equities from Bank of Singapore; Robeco promotes Joshua Crabb to head of Asia Pacific equities as Arnout van Rijn returns to Netherlands; and more.
Ian Silk joins KPMG as special advisor on ESG issues; Chinese government to conduct probe on insurers and their investments after discovering compliance issues; Ray Dalio's Bridgewater Associates raises $1.25 billion for its third investment fund in China; Korea's NPS posts 8% return for first three quarters of the year; Binance confirms talks with sovereign wealth funds; and more.
Mark Delaney said investors will find it hard to disengage from China, despite concerns about the second-biggest economy in the world.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.