India's insurance industry to hit $280 billion by 2020; Japan's PM commits to raise retirement age to 65; Korea's NPS makes just 0.9% returns in 1H; Kwap of Malaysia sees CIO shift to take over LTAT, Korea Post seeks to brush up on cryptocurrencies and more.
The $20 billion state pension fund is in touch with a growing number of asset managers about the possibility of expanding its international portfolio beyond bonds and equity ETFs.
The country's public sector employees' pension fund is among the cornerstone investors for the infrastructure PE vehicle.
The Government Services Insurance System switches global custodians to JP Morgan from Citi.
The amount represents the balance from the $1 billion that the Government Service Insurance System has already earmarked for overseas investments.
State pension fund GSIS says the two fund management companies scored the highest on competitiveness, transparency and investment proposals for the $1 billion overseas mandate.