The worst global investment environment in 50 years has left the Exchange Fund with 'nowhere to hedge'. HKMA's chief executive said the fund plans to adopt a defensive position heading into 2023.
For the $1.35 trillion alternative-heavy China Investment Corporation, it could be just a matter of time before it surpasses the world's largest sovereign wealth fund Norwegian Government Pension Fund Global.
The sovereign wealth fund is taking steps to align its portfolio to higher ESG standards by becoming the second Korean asset owner to join the UN-supported framework.
Turmoil in global markets and useful background are seen as major reasons for the Korean sovereign wealth fund to recruit their new chief investment officer internally, sources told AsianInvestor. A new chief risk officer is brought in from Bank of Korea.
Singapore's Temasek and the Abu Dhabi Investment Authority participates in China-based biotech firm funding round; NGS Super has divested from oil and gas exploration and production companies as it works towards a carbon-neutral portfolio by 2030; head of strategy and innovation will be promoted as the chief investment officer of Korea Investment Corporation; and more.
Gaw Capital Partners, which manages the portfolio, aims to grow the Japanese residential platform to $800 million, citing resilient occupancy rates, healthy growth, and investor interest.
The Malaysian Retirement Fund Incorporated (Kwap) believes in taking an inclusive approach toward ESG investing.
The sovereign wealth fund surpassed $200 billion for the first time since its inception and is planning to increase alternatives allocation to 25% of its portfolio by 2025.
The consolidation of Khazanah's commercial and strategic funds will simplify the structure of the sovereign wealth fund but the verdict is out on whether reporting will be more transparent.
The sovereign wealth fund posted a 19% time-weighted rate of return on its commercial fund despite expectations of a negative return.
The sovereign wealth fund is exploring a new investment model as it manoeuvres a post-Covid world, an uncertain interest rate environment, and higher-priced assets.
Asset owners can boost returns through alternative allocation, the head of alternatives at the Brunei Investment Agency says, as she takes on an expanded role.