HKEX to open London office; Partners Group lays off staff from Asia PE team; Australian Retirement Trust executive team overhaul; Ex-Allianz Real Estate APAC chief in new role; United Overseas Insurance names new CEO; and more.
Superannuation fund HESTA has called on the Australian government to use the 2023-2024 Federal Budget as an opportunity to address inequities in the retirement system.
Ontario Teachers’ Pension Plan pauses direct investing in private assets in China; Japan's Meiji Yasuda Life Insurance and venture capital firm establish fund; GIC and Oak Street close $15 billion REIT acquisition; and more.
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.
Several Australian superannuation funds have completed their mergers; lawmakers have filed a bill seeking to create a Philippine sovereign wealth fund; and more.
Singapore's GIC leads a $135 million fundraising round for US-based energy solutions firm Powin; Alberta Investment Management Corp is setting up its first Asian office in Singapore with an eye on Asian private equity; Ontario Teachers’ Pension Plan Board will acquire a 70% stake in New Zealand's TowerCo; and more.
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.
Singapore sovereign wealth fund GIC takes up 49.9% stake in Wee Hur’s student housing portfolio in Australia; China's Sunshine Insurance reportedly looking to list on HKEX in potentially the largest IPO of the year; New China Insurance issues a warning that its first-quarter profit might decline 70%; and Temasek sends stern warning on corporate governance to portfolio companies; and more
Hesta appoints new CFO; Lighthouse Canton hires head of global institutional sales and former GIC real estate PM; former China Huarong chair takes on top role at China Orient AM; Helen Huang joins Fidelity as China MD from Hwabao WP; UBS hires Raymond Gui to manage the lossmaking Asian high-yield fund; T Rowe Price hires fixed income specialist from JP Morgan; and more.
Interest in sustainable investments has not waned during the pandemic, but investors will need to find the right balance between returns and ESG values.