HKMA partners IFC to help banks combat climate change; GPIF earns 3.05% in third quarter; AIA's dirty secret; Korea's NPS to better manage FX exposures; Net-Zero Asset Owner Alliance calls for end to coal investing; Alliance Temasek Foundation invests in Covid-19 vaccine efforts; PSPF investment income falls 87.56% and more.
Cbus appoints investments COO; Super-backed biotech firm develops Covid-preventative treatment; AIA hedges against equity volatility; SWFs continue deal-making; Japan's GPIF keeps buying warily into real estate; LTAT of Malaysia's chief leaves under mystery; GIC awards A$400m property portfolio mandate; Mubadala buys 5% of Silver Lake; and more.
Australian Super is "re-risking" portfolio; China's Anbang Insurance to disband; India's pension regulator could raise fund manager fees; GPIF's ex-CIO accused of pressurising Harvard endowment over vote; Korea's NPS could unload W8 trillion of equities; Singlife and Aviva Singapore merging and more.
The world's 300 largest pension funds saw assets rise 8% in 2019; Canada's Sunlife looks to ramp up Asia acquisitions; China insurers allowed to invest in convertible bonds investment plans; New Zealand Super posts a 1.73% return for the year ending June 30; Singapore Life merges with Aviva Life; NPS to add ESG criteria into $380 billion of assets and more.
Asia Pacific pension funds face bigger funding shortfalls due to Covid-19; Hesta enters equities partnership with Martin Currie; HK Stock Connect to expand; Korea's NPS makes 0.5% return in first half; EPF buys more Hong Leong Bank shares; CPPIB invests in logistics fund by GLP, and more.
Catholic Super and NGS announce merger; Cbus to invest A$10m in social housing development; Hong Kong MPF funds top HK$1 trillion for first time; India's ICIC Lombard General Insurance to acquire rival; Korean insurers profits fall over poor returns; US State Department advises all college endowments divest from China assets and more.