Singapore's tougher family office rules could attract more wealth; AXA Hong Kong to deploy $1.4 billion into alternative assets in 2022; AIA regional CEO Bill Lisle dies at 57; OTPP focuses investment in three Asia Pacific markets; Asset Management Awards 2022: Best asset service providers
While the Canadian pension fund sees great opportunity throughout Asia’s emerging markets, it currently views India as the most investable and viable from an infrastructure investment perspective.
Singapore sovereign wealth fund GIC is leading a $240 million Series D funding round for open source technology company Grafana Labs; South Korea’s Yellow Umbrella Mutual Aid Fund is seeking managers for a $328 million real estate mandate; Hong Kong's Mandatory Provident Fund (MPF) posted HK$76.2 billion loss in the first quarter of 2022, and more.
UBS AM loses Hong Kong head to KKR; Prudential names new head of Hong Kong investments; Prudential’s Asia group CIO to leave on sabbatical; GIC to hire five executives for infra, private equity and private credit; OTPP grows Asia team, plans 15 additions in 2021; Schroders hires head of sustainability strategy in ESG push
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.
Changes at Prudential Corporation Asia were popular among our readers in April, who also showed interest in China's $3 trillion mutual fund market and Australia's super fund mergers.
Western asset owners are steadily adding real estate investment capabilities in Asia, while local players have refocused attention onto their home region.
Like certain other Canadian funds, Ontario Teachers’ Pension Plan is accelerating its regional buildout. It is focusing on adding talent in equities and real assets in Singapore.
Abu Dhabi Investment Authority and Ontario Teachers’ Pension Plan have struck a $1.25 billion partnership with Asian infrastructure developer Equis that is seen as bold and smart.
The C$205 billion Canadian pension fund is putting expertise in place to focus on various new areas in Asia.
The two Canadian funds are fast ramping up headcount in Asia. Ontario Teachers’ Pension Plan has even set up another branch and hired a regional head of infrastructure from its rival.
Despite headwinds facing the Chinese economy, big asset owners expect mainland private equity to become more attractive, potentially requiring a change in investment approach.