AsianInvestor is pleased to reveal the winners of its annual Asset Management Awards. For our third day, we reveal the standout fund managers in each major Asia market.
China bonds are now too big to ignore - even for Japan's (and the world's) biggest pension fund. That said, GPIF and China are set to make odd bedfellows on the world bond index.
NZ Super promotes Joe Halapua to manage local equities; MLC Life hires CFO; Khazanah names former EPF executive for private fund investments; head of capital management; Citi aims to hire 2,000 in Asia wealth management ramp-up; HSBC makes distribution and digital wealth banking promotions; Vice-president of China's social security fund departs; and more.
Asia's largest asset owners will see their enormous assets swell even further in the coming decade. They risk becoming too large to effectively manage their money.
Canada's CPPIB to acquire Indian solar assets into infrastructure trust; Beijing could shift trouble Huarong to Central Huijin Investment; GPIF of Japan to decide whether to use FTSE's benchmark bond index after China debt inclusion; GIC of Singapore and ESR Cayman to acquire $2.9b Australian property portfolio and more.
Dai-ichi Life has set concrete ESG goals and made impact investments regularly, while Japan is seen leading other Asian markets when it comes to ESG.
China Pacific Insurance appoints new chairwoman, COO; AMP's CEO to leave by third quarter; Robeco announces duo in senior China roles; Axa IM hires head of institutional sales for Asia; GLP names co-president for logistics; BlackRock sells onshore Korea distribution business; Income Partners poaches head of distribution from Vanguard; and more.
The index provider's plans to add China's government bonds into a key index will force investors to weigh decent yields against political risks and market constraints.
CPPIB to hire its first head of Apac operations; Mubadala building ESG investment team; Sun Life names president of international hubs and HK CEO; HKMA appoints deputy chief executive; KKR appoints head of Australia and NZ real estate; Knight Frank names global capital markets head; Fortius hires head of capital and business development and more.
Australia's Future Fund sees three senior executives leave; Australia Post Super discusses potential merger with Sunsuper; Indonesia's new sovereign wealth fund to get $10b from the United Arab Emirates; Dai-ichi Life invests $4.6m in immunotherapy startup; KIC of Korea opens San Francisco office; Vertex Holdings of Temasek looking to raise $800m; and more.
Backed by government action to remove regulatory bottlenecks, the city is moving swiftly to ensure ease of doing business for international firms.
An extraordinary general meeting vote for Toshiba in Japan underlines how passive funds can trip up governance. ESG-conscious fund managers need to minimise such conflicts.
Asset owners can influence gender parity efforts in listed companies by engaging with companies or investing in passive indices.
With parts of Japan under a state of emergency due to the virus, the prospect of the games being cancelled remains. However, officials are confident the event will go ahead.
Australia's Future Fund records 1.7% gain for 2020; Allianz creates first 100% foreign-owned asset management firm in China; HKMA's investment income slips 24.6%; Jakarta appoints supervisory board members for its sovereign fund; Korea's short-selling ban hurts asset owner demand for stocks, Norway's SWF sells oil company exposures and more.
The Japanese fund house has added a head of institutional business for China/Hong Kong and an ETF salesman and is also hiring a replacement Korea client coverage executive.
The country's debut university endowment would likely replicate GPIF’s investment portfolio, but some experts are sceptical that it can meet its return target while avoiding risky assets.
AsianInvestor reveals how Japan's Government Pension Investment Fund, Public Officials Benefit Association of Korea and Singapore's GIC stood out from their country rivals.
The spread of central bank digital currencies could well complement and expand the tokenisation of other assets and the proliferation of digital bonds, say investment executives.
The country has a huge current account surplus and foreign reserves, which would help it to establish its own sovereign wealth fund, if it wishes. What's standing in the way?