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?