Two family office executives tell AsianInvestor why the prospect of lower costs is not enough reason to use an outsourced chief investment officer.
Willis Towers Watson addresses common myths surrounding the outsourced chief investment officers model, to help asset owners better understand this alternative management approach to portfolio construction and implementation.
While the concept of outsourced chief investment officers is new to Asia, there are many asset owners that could be suitable, argue the investment consultants seeking contracts.
Outsourced chief investment officer arrangements are gradually gaining ground in Asia, from a low base. Investment consultants and some fund houses are keen to promote the structure.
The complex challenges that insurance companies face in managing their assets are seen hindering them from using outsourced chief investment officers.
The Hong Kong group has appointed Willis Towers Watson as an outsourced chief investment officer to invest its pension funds, sources familiar with the arrangement say.
The ministry is set to issue a request for proposal for an outsourced chief investment officer solution to its pension assets. It could be followed by others, say several sources.
Northern Trust Asset Management has promoted internally to replace Bo Kratz, who left late last year. The new chief will look to expand the firm's investment-outsourcing business in Asia.