Costello forced to backtrack on Future Fund comments

Asset Owners

Richard Newell

Feb 12, 2019

The Australian sovereign investor is fighting battles on a number of fronts and is keen to quell the discussion about it becoming a potential default superannuation fund manager.

The Aussie sovereign wealth fund chairman has made a U-turn on a proposal to become a super manager

The chairman of Australia’s Future Fund, Peter Costello, has clarified his views on how the sovereign wealth fund might manage superannuation savings after widespread criticism of his suggestion...

0 0 0 0

Malaysia's PNB appoints new CEO; Hong Kong's SFC moves office; Ping An Insurance adds third co-CEO; Principal Global Investors adds new head of North Asia institutional sales; JP Morgan AM names retail distribution head for Hong Kong; Sanne appoints business development heads in Asia; SC Capital hires head of investor relations.

Asset Owners

4 days ago

Joe Marsh

Norges Bank Investment Management has strong convictions on manager selection – and on Asia. In the first of a two-part series, AsianInvestor speaks to head of external strategies Erik Hilde.

Fund Managers

Jun 26, 2020

Joe Marsh

The Dutch firm has appointed its first insurance coverage specialist in Asia as well as a new institutionally focused Korea sales head and client portfolio manager for quant strategies.

Moves

Jun 26, 2020

Staff Writers

WTW hires American Century's Korea saleswoman; CIC sees executive VP exit; Knight Frank hires Singapore advisory duo; Deutsche taps HSBC for SE Asia wealth head; family office Kamet adds seven; Capital Group appoints sales duo; BNP Paribas WM structured investment head exits.

Moves

1 day ago

Staff Writers

KIC reshuffles leadership team; BlackRock Alternative Advisors' Asia head exits; Denise Ying leaves Franklin Templeton's institutional team; Muzinich adds private debt duo in Singapore; Natixis IM names HK, Macau institutional head; Merian confirms departure of North Asia sales chief; Minority AM sets up in HK; and more.

Alternatives

Jul 3, 2020

Bee Lin Ang

The only cross-border flows into Hong Kong commercial property this year have come from China, while local investors have been buying more overseas real estate, amid the recent turmoil.

Asset Owners

Jul 3, 2020

Jolie Ho

The national security law looks set to forever change how the Asian financial centre functions, and not in a good way. Candour is set to diminish, and social tensions may rise.

Just Published

Moves

1 day ago

Staff Writers

KIC reshuffles leadership team; BlackRock Alternative Advisors' Asia head exits; Denise Ying leaves Franklin Templeton's institutional team; Muzinich adds private debt duo in Singapore; Natixis IM names HK, Macau institutional head; Merian confirms departure of North Asia sales chief; Minority AM sets up in HK; and more.

Partner Content

1 day ago

Harvest Fund Management

Nobody can ignore the rapid evolution of China over recent decades. And as one of the first countries globally to try to return to ‘normal’ following the pandemic, there are opportunities for investors to capitalise on the evolving domestic markets.

Family Office

1 day ago

Adrian Murdoch

Capgemini’s latest report is a wake-up call for wealth managers as the heads of rich individuals are turned by big tech firms for information and value-added services.

Asset Owners

2 days ago

Richard Newell

As central banks provide further artificial support for listed assets, some asset owners have indicated that they may increase their exposure to unlisted assets.

Follow Us

Most Read

HSBC Global AM gets new head of China and HK equities

FWD adds deputy CIO as assets soar to $50 billion

Korea’s NPS, Allianz kick-start $2.3b Asia property fund

Weekly roundup of people news, July 3

How Norway’s $1tr wealth fund selects managers

Robeco hires heads for Asia insurance and Korea sales

Weekly roundup of people news, June 26

Weekly roundup of people news, July 10

Foreign investors shunning Hong Kong real estate

How HK’s new security law is undercutting the city’s appeal

Related Articles

Future Fund’s defensive assets help shield it in downturn

Future Fund’s CEO search could prompt asset reappraisal

Future Fund “not appropriate” for managing super money

Aussie supers weigh asset changes as withdrawals rise

Just Published

Weekly roundup of people news, July 10

How asset managers can adapt to changes in China

Wealthy people losing faith with managers over fees

Aussie super funds look to add even more illiquid assets