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.
Maulife IM picks up head of Greater China institutional coverage; Head of Australia and Apac real estate leaves Nuveen; Schroders names head of Singapore and Apac distribution; PNB's iconic chairperson steps down; Blackstone expands ESG team; Phillip Capital names first ESG strategy head; J. Safra Sarasin appoints former BNP Paribas wealth chair and more.
Australia's Future Fund gains 4.5% AUM in first quarter; Chinese investors in talks to buy a stake in Saudi Aramco; Hong Kong's Exchange Fund makes $1.49bn quarterly gain; Korea's NPS could divest from coal-related investments; Temasek, GIC and other pension funds in talks with UK government to fund British green energy projects and more.
The Korean sovereign wealth fund is keen to ramp up its alternative investments but is still reserved about real estate investment opportunities.
Insto roundup: Temasek backs Indonesian medtech startup; GIC and Sequoia India lead $150m funding round
Boe Pahari to leave as AMP Limited demerges; Temasek backs Indonesian telemedicine startup; Korea Post and GEPS looking to hire fund managers; GIC and Sequoia India co-lead funding for Razorpay; AustralianSuper appoints senior manager of portfolio strategy; Thailand's new pension fund to draw $1.7 billion; Taiwan fines fund houses over BLF bribery scandal; CPPIB doubles investment in Korean logistics JV
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.
The pension fund bowed to retail investor pressure and broadened its investment range into local stocks. Its policy reversal could set the stage for more populist pressure.
The Canadian and Korean asset management operations of two life insurers have agreed to jointly take advantage of rising institutional investor demand for Asian alternative assets.
The Korean sovereign wealth fund is joining hands with Hyundai Heavy Industries to better sniff out and assess new technology investments in the US.
The third-largest pension fund in the world is still planning to reduce domestic equities despite calls from retail investors for it to support local stock prices.
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.
Korea's financial regulator is increasingly trying to impose caution in respect of illiquid investments, especially offshore ones, but the tide of flows into such assets is still rising.
The Korean pension fund giant is venturing into timberland investment, and more asset owners are expected to follow suit as they seek diversification and sustainable investments.
Standard & Poor’s says asset volatility will lead insurers to invest more in offshore debt, a need that could raise questions for their regulators.
The Construction Worker Mutual Aid Association and DGB Life are among the Korean asset owners that intend to further increase their alternative investments.
The local financial regulator has extended the blanket ban on shorting until May but a partial ban will be in place after that, raising criticism from some experts.
The new US president's focus on diplomacy and multilateralism could benefit emerging market equities and it could place a broader array of pressure on China.
Hyundai Marine & Fire Insurance and Fubon Hyundai Life said private credit strategies, and in particular private lending, are gaining appeal among their domestic peers.
The Korean life insurer is ramping up its alternative exposure and is looking beyond the domestic market to search for such opportunities.
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.