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 ...
AIA Myanmar CEO joins Sun Life Vietnam; Active Super appoints Nathan Hagarty to the board; KIC head of real estate departs after two months in role; NPS loses infrastructure and real estate heads; QIC appoints chief executive; Eastspring adds two regional CEOs; Manulife IM makes China fixed income hires; Willis Towers Watson names head of Asia; and more
The Korea Investment Corporation (KIC) has decreased alternative asset allocation for two straight years; Cryptocurrency exchange FTX draws funding from OTPP, Temasek; Former head of investments at Temasek joins De Beers billionaire's family office in Singapore; GIC reportedly commits to new ESR Japan Income Fund; CPP Investments commits to logistics partnership in Japan; and more.
Only 11% of Asia asset owners’ portfolios have been invested in environmental, social and governance assets or ESG-related strategies, says a new report.
The hiring spree for 22 newly created positions is the largest by the Korean sovereign wealth fund since 2015. The new program includes 15 investment management openings.
Korea Investment Corporation (KIC) and the National Pension Service (NPS) plan to enhance overseas voting rights and mandatory ESG filings for overseas companies.
Korea's sovereign wealth fund has established a new dedicated responsible investment team amid a restructuring. The fund has also appointed new leaders for its alternative and public assets teams.
The Korean sovereign wealth fund has divested all $221.5 million worth of its Alibaba equity investments in the US and increased its Baidu holdings by 450% by the end of June.
They have teamed up with each other and with overseas investors to boost investment capacity in real estate and infrastructure investments in Europe and North America.
The Korean sovereign wealth fund cut growth stocks in the technology, media and telecom sector in favour of bluechips, and is looking to Europe as the US-China spat deepens.
AustralianSuper posted a record 20.4% return for the past 12 months; Consortium including Future Fund acquires 49% stake in Telstra InfraCo Towers; AIA acquires stake in life insurance arm of the China Post Group; GPIF posts record return of 25.15%; Chikyoren hires Barings and Mitsui Real Estate Investment Advisors for property and private debt; and more.
With assets under management reaching $195.7 billion at the end of May, the Korean sovereign wealth fund is continuing to raise its game with alternative assets.