Why sovereign funds could be at risk in a downturn
State investors are increasingly fronting up debt, as well as equity, for the private deals they are doing. This is raising questions, especially with a downturn widely forecast.
0000Shouldering debt: Public funds are increasingly providing financing that typically came from banks in the past
Ex-Capitaland IM chief joins Oaktree; Fidelity hires ex-BlackRock ESG specialist; Janus Henderson hires institutional sales; State Street adds sector solutions head; Old Mutual replaces departed head of HNW sales; Andy Chai exits BNP Paribas; HSBC Private Banking shuffles Asia management; and more.
The Dutch pension fund giant provided exclusive detail to AsianInvestor about its plans and expectations for the new portfolio, to be run with the help of local partner E Fund.
Schroders cuts to affect Asia; SSGA's Asia head of portfolio strategists exits; BNY Mellon IM Greater China insto head departs; Korean hedge fund closes HK office; Ping An AM CIO moves on; China Everbright CIO departs; M&G sets up Asia credit origination team; Aberdeen Standard HK/China marketing head to exit; and more.
HK intermediaries head exits PineBridge; Hamilton Lane names Asia co-heads; Conning appoints senior portfolio manager; StanChart replaces North Asia head of securities services; EFG makes eight hires in Singapore; and former Deutsche trader banned for life in HK.
Despite the current turmoil, there are reasons to be optimistic about emerging market equities and real estate, says the Asia-Pacific head of Europe's biggest pension fund manager.
Beijing's rescue of the collapsed Baoshang Bank has led some investors to seek out bond investments, relying on the implicit desire of the government to prevent a credit crisis.
By developing credit research capabilities in-house, the Swiss insurer's Malaysian unit hopes to join other asset owners in pursuing alternative investment opportunities.
AsianInvestor considers whether China could be in for some economic problems, as Beijing seeks to tamp down on the country's fast-escalating debt burden.
Schroders cuts to affect Asia; SSGA's Asia head of portfolio strategists exits; BNY Mellon IM Greater China insto head departs; Korean hedge fund closes HK office; Ping An AM CIO moves on; China Everbright CIO departs; M&G sets up Asia credit origination team; Aberdeen Standard HK/China marketing head to exit; and more.
The latest survey of insurers, pension funds, endowments and other institutions shows mixed allocation plans for 2020, amid expectations of more macro and market uncertainties.
Limited resources and fear of failure bid the pension funds to turn to consultants, but also means they are potentially missing out on even more favourable investments.
Asset owners are under greater pressure to reduce their carbon footprint and invest sustainably, but they are still seeking quality reporting standards globally.
