Qantas Super allocates A$2 billion to fund managers to reduce carbon intensity across its equity portfolios; Korea's NPS, Teacher's Pension and GEPS to lower domestic stock targets; Dajia Insurance to sell off Anbang legacy hotel portfolio.
VP Bank hires former GIC equities head; HKEX hires head of asset accumulation in sales and marketing; Cbus hires executive from LUCRF Super; Amundi promotes North Asia (ex. China) institutional business head; BNP Paribas Asset Management loses head of stewardship for Asia Pacific; Natixis Investment Managers adds its first Asia-based member of the management committee; and more.
Singapore sovereign wealth fund GIC is leading a $240 million Series D funding round for open source technology company Grafana Labs; South Korea’s Yellow Umbrella Mutual Aid Fund is seeking managers for a $328 million real estate mandate; Hong Kong's Mandatory Provident Fund (MPF) posted HK$76.2 billion loss in the first quarter of 2022, and more.
GPIF renews CIO term for two years as its ESG head retires; Nicole Bradford joins Australian Retirement Trust as head of sustainable investment from Cbus; Cbus promotes head of investment options as it shifts the function in-house; Former Poba CIO takes up senior advisor role; and more
Superannuation fund Cbus and Singapore property firm City Developments Limited (CDL) discuss how to ensure minimum sustainability standards for real estate.
Inflation is here to stay, but how long is the question investors struggle to answer. In the meantime, super funds Cbus and UniSuper have adjusted their portfolio accordingly.
Stuck between low yields and the need to include fixed income in their portfolios, institutional investors like Cbus are getting creative with their approach to income investing.
AustralianSuper, Aware Super and Cbus continue to be optimistic about equity returns after posting their best performance in decades, even as half of Australia goes under lockdown.
The Australian's Asic launches ESG fund review for greenwashing; Cbus hires from Apra; Hesta hires from AMP Life; Dai-ichi Life Insurance invests $50 million in climate infra fund; Korea's GEPS awards $105 million overseas infra mandates; Teachers' Pension calls for bids; QIA increases Credit Suisse stake; and more.
Rising prices appear to be mostly transitory but could begin to pose broader concerns if they remain elevated for a long period, the asset owner believes.
Climate risk could lead real estate values to fall 1% per annum. Some of Australia's leading asset owners and several fund managers have developed measures to mitigate this risk.
AustralianSuper hires property head in London amid buildout; Cbus appoints first chief IT officer; Pictet opens Shanghai WFOE, names head; AMP Capital appoints Rebekah Swan as NZ head of clients; Milford AM names sustainable investment head, senior analyst; VC firm QED hires India/SE Asia head; and more.