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.
Bonds look relatively more attractive, says KIC CEO; CPP Investments and Ontario Teachers’ Pension has increased their investments into Indian highways; and more.
PE activity in India this year won’t match the blistering pace set in 2021, but the sector remains healthy. AsianInvestor looks at how challenges and opportunities in the current global environment are affecting the outlook for the industry.
Temasek thinks market valuations have not yet priced in a global economic recession; Ontario Teacher’s Pension Plan has announced plans to double its headcount in its Singapore office for Asia expansion; Samsung insurance firms have committed to a $650 million mandate into alternative assets managed by Blackstone; and more.
Singapore's GIC wants to buy the only the only REIT which Buffett has invested in; NZ Super Fund has shifted about 40% of its overall investment portfolio to market indices that align with the Paris Agreement; CalSTRS committed $825 million to funds investing in Asia Pacific real estate during the first half of 2022.
In 2015, the Canadian pension fund hired a new head of Asia Pacific as a part of a regional build-out. The size and depth of Asia presence have since evolved – and that former regional head is now CIO at one of the largest US pension funds.
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.
Like certain other Canadian funds, Ontario Teachers’ Pension Plan is accelerating its regional buildout. It is focusing on adding talent in equities and real assets in Singapore.
Institutional investors such as the UK’s Coal Pension Trustees and Ontario Teachers’ Pension Plan are taking different routes to increasing their use of emerging technologies.
The Canadian pension fund is likely to locate its next Asian branch in the south of the region alongside plans to put its first real asset capabilities on the ground.
Neither Ontario Teachers nor the Healthcare of Ontario Pension Plan own property in Asia, but that could change as they eye new asset classes in the region.
Conflicts of interest and strains are seen to be growing as more asset owners in Asia eye co-investments and direct deals. Regulators are watching the situation closely.