Singapore's GIC plans to expand team for more Japan deals; Malaysia's KWAP unveils alternatives strategy with Shariah focus; Brighter Super expands Queensland investment strategy; NPS gets new mid-term asset allocation plan; and more.
GPF shifts investment strategy to focus on risk management; Belgian insurer Ageas picks up 10% in Taiping Insurance's pension business; NPS plans tech push with new US office in July; and more.
Weekly roundup of people news, May 24 | Moves asianinvestor.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asianinvestor.net Daily Mail and Mail on Sunday newspapers.
South Korea's National Pension Service will pour a record 1.5 trillion won ($1.1 billion) in alternative assets managed by external managers this year, the largest such allocation in the fund's history. The majority of the sum, 1 trillion won, will go to private equity funds, according to a recent announcement by the NPS, marking a 25 percent increase from the previous year. In 2023, the NPS allocated 800 b.
NPS seeks more risk with asset allocation shake-up | Asset Owners asianinvestor.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asianinvestor.net Daily Mail and Mail on Sunday newspapers.