Malaysia’s KWAP aims to increase its overseas investments; Singapore’s GIC will take a majority stake in luxury beach resort group; Korea's KIC posted double-digit returns for the first half of 2022.
Five Australian superannuation products failed to meet the performance benchmark this year, including four that failed for the second time; Singapore's GIC has led Indian space-tech startup series B funding round; Korea's NPS gets new CEO for three-year term.
Abu Dhabi and Qatar sovereign wealth funds eye Indian education technology firm; Korea's NPS commits capital to Blackstone Credit’s sustainable credit platform; Allianz in talks with Chinese banks to set up a majority-owned asset management venture; and more.
Sumitomo Life Insurance hands $22 billion foreign corporate bond mandate to US-based Symetra; Singapore’s GIC ups stake in India-based Phoenix Mills with $50 million new capital injection; Eight Taiwan pension funds report total investment loss of $8.4 billion from January through May; and more
Volatile markets may have led some institutional investors to rejig their portfolios, but two Southeast Asian sovereign wealth funds said they will stick to their mandate and focus on the long term.
Singapore's GIC has taken part in an equity syndication program to finance the world's largest green hydrogen platform in the world; Taiwan pension funds reported investment losses in the first four months of 2022; AIA Singapore has teamed up with Franklin Templeton to launch a shariah global diversified fund for Muslim investors.
India's state insurer LIC traded down on debut after blockbuster IPO; Temasek-backed e-commerce platform Zilingo fires chief executive Ankiti Bose amid investigations into financial irregularities; Australia's Unisuper and Australian Catholics Superannuation enter agreement to explore merger; and more
Indonesia's new sovereign wealth fund to invest $2.72 billion in toll roads; Singapore's MAS tightens tax criteria for family offices; Harvard University's endowment among risk-averse US institutional investors looking to reduce commitments in China; and more.
The consolidation of Khazanah's commercial and strategic funds will simplify the structure of the sovereign wealth fund but the verdict is out on whether reporting will be more transparent.
Even China is concerned about its Russia exposure; AIA puts on its acquisition hat; SFC fines HSBC Securities Brokers (Asia) HK$6.3 million; HKMA issues bonds; Canada Pension Plan Investment Board (CPPIB) invests $350 million into Indian commercial space; and more ...
The sovereign wealth fund posted a 19% time-weighted rate of return on its commercial fund despite expectations of a negative return.
Proposed changes to how Malaysian GLICs operate should clarify what their mandates are meant to achieve but risk putting pressure on returns, say observers