Lockheed Martin pension plan closing HK office
The $70 billion US fund is shutting its Asia branch after 12 years, following the exit of its regional private investment head and public equities team and amid China-US tensions.
The $70 billion pension fund of US aerospace company Lockheed Martin is closing its office in Hong Kong amid US-China tensions, bucking a rising trend for big institutional investors to set up or expand teams in Asia.
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