Malaysia’s KWAP aims to increase its overseas investments; Singapore’s GIC will take a majority stake in luxury beach resort group; Korea's KIC posted double-digit returns for the first half of 2022.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
Turmoil in global markets and useful background are seen as major reasons for the Korean sovereign wealth fund to recruit their new chief investment officer internally, sources told AsianInvestor. A new chief risk officer is brought in from Bank of Korea.
Singapore's Temasek and the Abu Dhabi Investment Authority participates in China-based biotech firm funding round; NGS Super has divested from oil and gas exploration and production companies as it works towards a carbon-neutral portfolio by 2030; head of strategy and innovation will be promoted as the chief investment officer of Korea Investment Corporation; and more.
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.
The sovereign wealth fund surpassed $200 billion for the first time since its inception and is planning to increase alternatives allocation to 25% of its portfolio by 2025.
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 ...
AIA Myanmar CEO joins Sun Life Vietnam; Active Super appoints Nathan Hagarty to the board; KIC head of real estate departs after two months in role; NPS loses infrastructure and real estate heads; QIC appoints chief executive; Eastspring adds two regional CEOs; Manulife IM makes China fixed income hires; Willis Towers Watson names head of Asia; and more
The Korea Investment Corporation (KIC) has decreased alternative asset allocation for two straight years; Cryptocurrency exchange FTX draws funding from OTPP, Temasek; Former head of investments at Temasek joins De Beers billionaire's family office in Singapore; GIC reportedly commits to new ESR Japan Income Fund; CPP Investments commits to logistics partnership in Japan; 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.
The hiring spree for 22 newly created positions is the largest by the Korean sovereign wealth fund since 2015. The new program includes 15 investment management openings.
Korea Investment Corporation (KIC) and the National Pension Service (NPS) plan to enhance overseas voting rights and mandatory ESG filings for overseas companies.