In 2015, the Canadian pension fund hired a new head of Asia Pacific as a part of a regional build-out. The size and depth of Asia presence have since evolved – and that former regional head is now CIO at one of the largest US pension funds.
Calpers hires Nicole Musicco as CIO from OTPP, where she set up its first Asia Pacific office; Australian small caps equities director leaves Rest Super; BlackRock hires new head of institutional for Asia Pacific; Schroders investment director joins Capital Group in Singapore; HKEX reappoints advisory council members and board members; and more
Calpers CIO Chris Ailman said that the S&P 500 probably won’t come anywhere close to matching the 27% advance it clocked in the past 12 months; Kopi Kenangan, which counts GIC, Li Ka Shing and Eduardo Saverin as backers, reached unicorn status; Korean pensions offloaded $9.2 billion in Samsung Electronics; GPIF prepares for alternatives mandate; and more.
Recording the worst quarterly investment return since April last year, the world’s largest pension fund was a net seller of equities in the second quarter.
The spread of the coronavirus has led to the usual assortment of hucksters and grifters trying to take advantage; and US Republicans turn to insinuation and slurs against Calpers' CIO.
Many asset owners are pulling out of hedge funds, dismayed by their relatively high fees and low returns. Others, including some Asian institutions, are reviewing their allocations.
Doubts persist over Japan’s commitment to boardroom change, says fund house Hermes, but progress is being made, aided by the country's Government Pension Investment Fund.
The new chief executive of Korea's National Pension Service and his soon-to-be-announced investment chief need contracts based on performance, not term limits.
Easing financing conditions are tempting institutions to raise allocations to Shanghai and Beijing amid forecasts of resilient sales growth, says Forum Partners’ CEO Russell Platt.
As KIC celebrates its 10th anniversary, the fund's CEO and president outlines an ambitious growth plan, including lifting the alternative asset allocation to 15%