CPIC Life to issue multi-asset mandates, ready HK unit
China’s third-largest life insurer has invited pitches for three overseas mandates that focus on multi-asset strategies. The three mandates will be worth $128 million in assets.
China Pacific Life Insurance (CPIC Life) is evaluating overseas fund managers for its first-ever overseas multi-asset mandates, as the life insurer seeks to expand its business in Hong Kong.
A total of 15 fund managers with bases in Hong Kong are taking part in a beauty parade that will see three mandates handed out before year-end, a senior executive at CPIC Life who is familiar with the plans, told AsianInvestor.
The move is part of its strategy to secure an operating license…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.