US-based asset manager Franklin Templeton establishes specialised office in National Pension Service's HQ city.
Several Australian superannuation funds have completed their mergers; lawmakers have filed a bill seeking to create a Philippine sovereign wealth fund; and more.
The South Korean national pension fund has seen domestic investments dragging down returns in 2022, but public pressure has made it hard to neglect the Korean market.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
Allianz Real Estate hires Scott Kim from Korea's National Pension Service; NZSuper hires investment strategist from Australian Retirement Trust; Former NPS executive Kim Seongmog joins Affirma as private credit head; Eastspring loses head of intermediary sales; Value Partners hires senior director from Allianz Global Investors; and more.
The world’s third-largest pension fund awarded the expanded fixed income mandate to BNY Mellon to include services that unravel complex data and improve efficiencies.
The chair of China Life Insurance is under investigation for "serious violations of discipline and law"; Korea's National Pension Service was found to have been passive with efforts to mitigate climate change; Singapore's NTUC Income plans to spin off insurance business to new company; Temasek leads $300 million funding round alongside Qatar's SWF for Carsome Group; and more.
Generally, however, Asian pension funds’ allocations to alternative assets demonstrated only a modest increase of 0.6% from 2019 to 2020.
The world’s third-largest pension fund announced a shake-up in how it manages overseas fixed income and private holdings to cut expenses and improve execution.
Korea Investment Corporation (KIC) and the National Pension Service (NPS) plan to enhance overseas voting rights and mandatory ESG filings for overseas companies.
State-backed Chinese investors will bail out Huarong Asset Management, which unveiled $15.9 billion losses; Hong Kong insurer FWD planning $3 billion IPO in the US; MPF posts 28% investment return and 35% jump in assets; Korea's Poba seeks two managers for multi-asset mandate; NPS divests entire 11.5 million shares in General Electric; Malaysia's PNB and Khazanah pledges to increase sustainable investments; and more
The world’s third-largest pension fund intends to hire over 50 new investment team members, with a particular focused on domestic and overseas alternative investment.