Australian superannuation fund HESTA almost doubles its commitment to sustainability focused private equity investment program; Temasek in funding round for fintech startup focusing on rural India; and more.
The CIO back then moved to an even bigger role, but reportedly missed out on the top investment job at the world’s third-largest pension fund.
Hong Kong officials plan roadshow to woo wealthy families in the Middle East and Europe to set up investment offices in the city; Japan's GPIF has hired its second overseas real estate manager; Singapore's GIC extends investments in Australian logistics; and more.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
Qantas Super allocates A$2 billion to fund managers to reduce carbon intensity across its equity portfolios; Korea's NPS, Teacher's Pension and GEPS to lower domestic stock targets; Dajia Insurance to sell off Anbang legacy hotel portfolio.
The Australian's Asic launches ESG fund review for greenwashing; Cbus hires from Apra; Hesta hires from AMP Life; Dai-ichi Life Insurance invests $50 million in climate infra fund; Korea's GEPS awards $105 million overseas infra mandates; Teachers' Pension calls for bids; QIA increases Credit Suisse stake; and more.
CIOs of Korean institutions are moving to build private debt allocations as they struggle to justify adding to large property and private equity portfolios.
The country's biggest asset owners will raise their allocations to infrastructure and property, reflecting a rising regional trend. Fund firms such as BlackRock are responding accordingly.