Blackstone has boosted its private wealth unit in Asia sixfold over the past three years to make up a team of 30 focusing on Singapore, Hong Kong, Tokyo, and Shanghai.
More exposure to risky assets, and better asset liability management and ESG practices are among the focuses of Chinese life insurance companies in 2022.
Its sizable hedging portfolio allows the life insurer to overweight alternative assets while maintaining a healthy solvency ratio.
Jang Dong-hun, the former CIO of Korea’s Poba stresses the importance of competitive pay and a sense of mission for public pension finance professionals.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
The capability to deliver efficient and real-time data through digital tools has become a key differential for asset managers in the private market.
The hiring spree for 22 newly created positions is the largest by the Korean sovereign wealth fund since 2015. The new program includes 15 investment management openings.
Generally, however, Asian pension funds’ allocations to alternative assets demonstrated only a modest increase of 0.6% from 2019 to 2020.
Technology and big data-driven databases are expected to help Asian asset owners appropriately benchmark their alternative investments across the world.
Korea's sovereign wealth fund has established a new dedicated responsible investment team amid a restructuring. The fund has also appointed new leaders for its alternative and public assets teams.
While other asset owners were making a fortune in the stock market, Poba gained 80% of its W1 trillion ($851 million) investment return in the first half from alternative assets globally.
The country's life insurers continue to mainly focus on fixed-income assets but could raise allocations to overseas private assets as a new capital regime is announced.