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.
The third-largest pension fund in the world is still planning to reduce domestic equities despite calls from retail investors for it to support local stock prices.