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.
The China Investment Corporation released guidelines on reaching carbon neutrality at the portfolio level in the next five years and beyond;China will allow foreign institutional investors to trade bonds after record selloff; Westpac is transferring its superannuation funds to Mercer Super Trust; Korea's Government Employees Pension Service chooses alternative investment head at Samsung Life as new CIO.
GPIF suffers largest-ever quarterly loss; Korea's GEPS seeks bond ETFs; NZ regulators slam life insurers; BLF fund set to run out of money; UK instos show interest in Chinese stocks, and more.
The likes of Geps, KIC and Hyundai Insurance are looking to further raise their allocations to private markets, but seem less keen on hedge funds.
The Government Employees Pension Service is tipped to see fierce competition for its CIO vacancy. It has also seen its head of overseas investment join KB Asset Management.
Choi Young-Gwon will start in the new role on April 1 after overseeing big changes in investment strategy during his three years at Korea's Government Employees Pension Service.
The pension fund will gradually reduce its fixed income allocation in favour of alternative assets until 2021, says head of investment strategy Richard Park Chunsuk.
Korea's pensions and insurers are keen to raise their alternatives and overseas exposure, but lack capabilities in those areas. How are investment heads in Seoul addressing this issue?
The $5.2 billion Government Employees Pension Service will hand out $100 million in global private equity secondaries mandates as part of a plan to raise its alternatives exposure.
The $5.2 billion state retirement fund is boosting its alternatives and overseas exposure, adopting a longer-term investment approach and using more active foreign equity managers.
They explain the factors that determine why they choose one manager over another as they look to step up allocation to global markets and alternative assets.
The $5 billion Government Employees Pension Service is looking to allocate up to $200 million to three external managers this year as part of drive to revitalise returns.