AsianInvestor highlights five trends to watch among wealth funds in the Year of the Rabbit, which begins on January 22.
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Tag : sovereign wealth fund
The Korean sovereign wealth fund aims to increase its direct investment abilities with a minority stake in US-based Golub, marking its first acquisition of an external manager.
Japan’s life insurers are bailing out of foreign bonds at a record pace; Taiwan's Public Service Pension Fund sees ten months of consecutive losses; Korea Investment Corporation has made its first direct investment in an asset management firm; and more.
The worst global investment environment in 50 years has left the Exchange Fund with 'nowhere to hedge'. HKMA's chief executive said the fund plans to adopt a defensive position heading into 2023.
For the $1.35 trillion alternative-heavy China Investment Corporation, it could be just a matter of time before it surpasses the world's largest sovereign wealth fund Norwegian Government Pension Fund Global.
The sovereign wealth fund is taking steps to align its portfolio to higher ESG standards by becoming the second Korean asset owner to join the UN-supported framework.
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.
Gaw Capital Partners, which manages the portfolio, aims to grow the Japanese residential platform to $800 million, citing resilient occupancy rates, healthy growth, and investor interest.
The Malaysian Retirement Fund Incorporated (Kwap) believes in taking an inclusive approach toward ESG investing.
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.
The consolidation of Khazanah's commercial and strategic funds will simplify the structure of the sovereign wealth fund but the verdict is out on whether reporting will be more transparent.
