The poor performance of several active fund strategies such as value funds and alternative risk premia have led more investors to consider inhousing more of their investing resources.
Hong Kong tycoon Richard Li's Pacific Century Group conglomerate has moved Paul Carrett from life insurance subsidiary FWD to become chief investment officer of its operation.
The world's 300 largest pension funds saw assets rise 8% in 2019; Canada's Sunlife looks to ramp up Asia acquisitions; China insurers allowed to invest in convertible bonds investment plans; New Zealand Super posts a 1.73% return for the year ending June 30; Singapore Life merges with Aviva Life; NPS to add ESG criteria into $380 billion of assets and more.
The state investment company suffered a 2.28% loss in the 12 months to March 31, smaller than many rivals. It is targeting technology and sustainability in its plans.
Asia Pacific pension funds face bigger funding shortfalls due to Covid-19; Hesta enters equities partnership with Martin Currie; HK Stock Connect to expand; Korea's NPS makes 0.5% return in first half; EPF buys more Hong Leong Bank shares; CPPIB invests in logistics fund by GLP, and more.
As they plan for an uncertain and low-rate investment future, asset owners will likely insource more of their investing, add internal expertise and seek to improve their governance.