Carmela Mendoza
The Japanese pension giant has stepped up its alternatives asset manager search and issued a call for applications for infrastructure, global private equity and real estate funds of funds.
The $300bn Chinese insurer boosted its allocation to alternatives by as much as $5.5bn and dropped its exposure to bonds, stocks and debt investments.
The Japanese pension fund could invest over $9bn in private equity, real estate and infrastructure, following the lead of pension giant the Government Pension Investment Fund.
Ding Xuedong, who set up the Chinese sovereign wealth fund’s direct investment unit in 2015, has left his post after close to four years with CIC.
The Singapore-based investor expands its presence in the US as it seeks to capitalise on investments in life sciences and emerging technologies.
The $1.4trn Japanese pension fund is moving into a more dynamic selection process and integrating ESG factors in its investments as it hopes to become a role model for Japanese investors.
Former head of sales Ike Bae will take over as head of the firm’s operations in Korea.
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Former domestic alternatives division head Lee Su-Cheol will replace Yang Young-Sig, who left the world's third-largest pension last month.
Yang Young-sig, who was appointed as investment strategy head of Korea’s National Pension Service in July, is leaving the firm at the end of month.
Jo Taylor has been promoted to the newly created role of international senior managing director at the $130bn Canadian pension.