Rest hires Australian equities head; China launches new rule for cash products; Richard Li's FWD applies for US IPO; Indonesia's new SWF plans to acquire toll road assets; Swedish pension fund AP7 excludes Chinese firms; Korean Teachers' Credit Union commits $100 million to US real estate fund; MAS reprimands three insurers; Temasek take up bulk of Singapore Airlines' undersubscribed bonds; and more.
Insto roundup: NPS to hire 54 asset managers; CPPIB plans to raise stake in India infrastructure fund
NPS launches programme for 54 asset management positions; CPPIB to acquire an additional stake in an Indian infrastructure investment trust for $136m; Cadillac Fairview injects $400m into Apac-focused fund; Chikyoren hires Nomura, Tokio Marine for alternative mandates; GIC extends JV with UK student accommodation group and more.
Insto roundup: Temasek backs Indonesian medtech startup; GIC and Sequoia India lead $150m funding round
Boe Pahari to leave as AMP Limited demerges; Temasek backs Indonesian telemedicine startup; Korea Post and GEPS looking to hire fund managers; GIC and Sequoia India co-lead funding for Razorpay; AustralianSuper appoints senior manager of portfolio strategy; Thailand's new pension fund to draw $1.7 billion; Taiwan fines fund houses over BLF bribery scandal; CPPIB doubles investment in Korean logistics JV
CBIRC adds national security reviews to foreign ownership in China's insurance sector; AIA to exit all coal investments by 2028; GPIF criticised for marijuana investments; Australia names new superannuation watchdog; NPS commits $500m to Blackstone fund, denies reports it will hike its local stock allocation; Temasek's impact private equity unit invests in five companies and more.
Australia's Hesta asks Australian government to emphasise green investment; Korea Investment Corporation seeks commercial properties in Europe and China; Singapore's Temasek announced 2.2% drop in portfolio value; sovereign wealth funds own lowest level of equities for six years and more.
AIA to convert Shanghai branch into a 100% foreign-owned life insurer; Korea's NPS gets new CEO; Malaysia's EPF keeps allocating assets to external managers; the Indian government looks to sell a stake in LIC; AustralianSuper sees flat investment returns this year; FWD takes minority stake in Indonesian insurer, and more.