Norway's sovereign wealth fund to oppose board chair appointments in Japanese companies without women; Mine Super and TWUSUPER move ahead with merger; Fukoku Mutual Life Insurance move may trigger more global bond sales; and more.
The new head of investments at the world’s third-largest pension fund has the relevant experience to steer the asset allocation strategy at the Korean state pension fund, sources tell AsianInvestor.
The country's lifers are seeking high-quality overseas assets to strike a balance between risk and return. However, new capital rules from 2023 are making these choices harder.
With major fixed income exposure that it must retain until 2016, Korea’s largest life insurer is concerned about potential interest rate hikes, says the head of asset portfolio management.
Under the partnership with New York Life Investments, the Korean insurer is targeting domestic institutions with a new asset-allocation fund and mulling offshore business.