The largest asset owners across Asia Pacific have a lower allocation to alternatives, but a new portfolio construction approach could help change that.
The wealth fund is using its international presence to pave the way for other South Korean investors, holding knowledge-sharing and networking forums in key investment hubs.
A tough year in public markets has taken its toll on the performance of Korea’s sovereign wealth fund, but an increasing allocation to alternatives has counterbalanced some of the losses.
AsianInvestor highlights five trends to watch among wealth funds in the Year of the Rabbit, which begins on January 22.
The Korean sovereign wealth fund aims to increase its direct investment abilities with a minority stake in US-based Golub, marking its first acquisition of an external manager.
Japan’s life insurers are bailing out of foreign bonds at a record pace; Taiwan's Public Service Pension Fund sees ten months of consecutive losses; Korea Investment Corporation has made its first direct investment in an asset management firm; and more.
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.