The Korean sovereign wealth fund wants alternative assets to make up 20% of its portfolio and predicts a challenging year ahead for investing.
Covid-19 has added new dimensions to infrastructure investments, say the two asset owners, while Aware Super observes that deal complexity has increased.
While most big Japanese insurers are maintaining their allocation to domestic stocks, Dai-ichi Life has said that it will slash its interest rate and equity risk by 20% by March 2024.
CIC may not reach the goal of having 50% of its assets in its global portfolio allocated in alternatives by 2022, but it will continue to increase investments in private markets.
Travel lockdowns have severely impacted the investors' ability to keep adding to their historical interest, especially in overseas alternative assets.
Institutional investors are allocating more to private equity at the expense of hedge funds and the trend looks set to continue, a survey from EY shows.