Taiwan's BLF shortlists six managers for local equity mandate; GIC purchases stake in European hotel chain; China's state-run basic pension fund posts 2022 results; Japan's GPIF posts loss in September-ended quarter; and more.
Taiwan's largest pension fund is seeking bids for the first domestic equity mandate of the year worth over $2 billion, with a clear emphasis on sustainability in potential investments.
There are increased requests for proposals in most Asia-Pacific markets in the first half of 2023 compared to the second half of last year, according to a recent report by Cerulli.
We showcase AsianInvestor's best interviews with asset owners in July – a feat that spans the Asia-Pacific region. Key themes are rising rates impacting portfolio shifts, boosting ESG and revamping external manager mandates.
Taiwan's Bureau of Labor Funds has implemented staff rotations, built an ESG team and tightened contractual terms as part of an overhaul of internal operations under a new leadership.
In an exclusive interview, the head of Taiwan’s Bureau of Labor Funds revealed how the pension turned more aggressive in bond investments to adapt its $201 billion portfolio to higher rates.
While Taiwan’s Bureau of Labor Funds has steadily increased the share of overseas investments, it has recently adopted a more conservative approach to asset allocation.
The Bureau of Labor Funds should be more conservative in issuing mandates in the first half of 2023, as rate hikes continue to pressure the global market, market advisors said.
Australian superannuation fund HESTA almost doubles its commitment to sustainability focused private equity investment program; Temasek in funding round for fintech startup focusing on rural India; and more.
Vanguard launches a pension fund in Australia, the first new fund license to be approved in six years; Taiwan's Bureau of Labor Funds appoints seven asset managers - four foreign and three local; and more.
Wealthy Chinese are exploring bigger investments in private assets as they seek shelter from wild swings in public markets, while managers look for revenue streams as institutional investors' interest dwindles; Singapore's GIC and Temasek make new investment forays into India; and more.
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.