Having made its first negative quarterly return in two years at the end of FY2021, the world's largest pension fund plans to adapt to a changed investment landscape.
Singapore's GIC is linked with KKR in a joint bid for the $5.6 billion Australia-based Ramsay Health Care buyout; Japan's GPIF is urged to tap on its $75 billion alternative investment war chest to grow start-ups in the country; Shenzhen-based insurer Funde Sino Life Insurance became the largest shareholder of National Trust; and more.
Indonesia's new sovereign wealth fund to invest $2.72 billion in toll roads; Singapore's MAS tightens tax criteria for family offices; Harvard University's endowment among risk-averse US institutional investors looking to reduce commitments in China; and more.
GPIF renews CIO term for two years as its ESG head retires; Nicole Bradford joins Australian Retirement Trust as head of sustainable investment from Cbus; Cbus promotes head of investment options as it shifts the function in-house; Former Poba CIO takes up senior advisor role; 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.
Even China is concerned about its Russia exposure; AIA puts on its acquisition hat; SFC fines HSBC Securities Brokers (Asia) HK$6.3 million; HKMA issues bonds; Canada Pension Plan Investment Board (CPPIB) invests $350 million into Indian commercial space; and more ...
China to expand commercial pension pilot scheme beyond current six life insurers; the Government Pension Investment Fund (GPIF) of Japan is putting its decision to stop lending shares up for debate; Singapore budget avoids net wealth tax but imposes higher levies on property and luxury cars; APG urges 10 South Korean investee companies to reduce carbon emissions; and more
Recording the worst quarterly investment return since April last year, the world’s largest pension fund was a net seller of equities in the second quarter.
Japan's GPIF posted 0.98% investment return in the second quarter ended September; Taiwanese pension funds overseen by BLF report 5.75% return for the first nine months of 2021; Abu Dhabi Growth Fund signs agreement with Indonesia Investment Authority; OTPP allocates 25% stake in road infrastructure in India; and more.
Only 11% of Asia asset owners’ portfolios have been invested in environmental, social and governance assets or ESG-related strategies, says a new report.