UniSuper joins Blackstone in Australian warehouse portfolio as NPS sells stake; Korean pension funds and insurers commit to European private equity behemoth; GIC scales back quantitative unit; and more.
Temasek thinks market valuations have not yet priced in a global economic recession; Ontario Teacher’s Pension Plan has announced plans to double its headcount in its Singapore office for Asia expansion; Samsung insurance firms have committed to a $650 million mandate into alternative assets managed by Blackstone; and more.
The Canadian and Korean asset management operations of two life insurers have agreed to jointly take advantage of rising institutional investor demand for Asian alternative assets.
The South Korean asset manager has brought in Mirae Asset's former Hong Kong head of exchange-traded funds as it prepares to list more products in the city.
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
Certain leveraged and inverse exchange-traded funds newly listed in Hong Kong are being traded far more heavily than others, which has led some to question the source of demand.
JP Morgan and UBS still head Z-Ben Advisors’ annual list of the leading foreign fund firms in China. Meanwhile, AllianzGI, Morgan Stanley and Fidelity have leapt into the top 10.
The CIO of the $37 billion South Korean fund sees local stock market risk potentially rising as the country awaits a new president and his or her approach to North Korea.
As Hong Kong's securities regulator softens its stance on leveraged funds, Citi's Stewart Aldcroft dismisses concerns that they are unsuitable for local retail investors.
The arrest of the CEO of Korea's National Pension Service amid allegations of corruption offers another example of why the fund should be freed from political meddling and cronyism.
The asset manager is the second to launch leveraged and inverse ETFs in Hong Kong – two Indian equity products – and has hired a salesperson to cover Australia and Southeast Asia.
The firm will list Korea- and Japan-linked leveraged and inverse products next week in Hong Kong and has others planned, but admits there is more to be done for the market to take off.