AsiaOne has launched EarthOne, a new section dedicated to environmental issues because we love the planet and we believe science. Find articles like this there. SINGAPORE - DBS Bank customers will be able to track their carbon footprint when a new calculator feature on the lender's digital banking app is rolled out by January. The calculator will be able.
Sovereign wealth funds have stepped up their private market investments after the coronavirus crisis, but with valuations still high despite a shaky economic backdrop there are questions about the prospects for future returns.
While funds have increased the portion of their outlay in public equities in 2020, private markets still account for the largest chunk of overall investment at $55.5 billion year to date, up from $35 billion last year after a pick-up in deals in the second half, according to the London-based International Forum of Sovereign Wealth Funds.
Current asset prices are still very high despite uncertain economic conditions, raising questions of whether 2020-21 deals will be a good vintage, said Will Jackson-Moore, global private equity, real assets and sovereign funds leader at consultancy PwC.
SINGAPORE: Temasek International Pte Ltd’s head of sustainability and stewardship group Robin Hu will leave his role at the end of this year, with some of his key functions taken over by Ikea’s former chief sustainability officer Steve Howard.
Hu will now head the state-owned fund’s International Policy and Governance group and has been appointed chair of Mandai Nature Fund, which has been established with Mandai Park Holdings to support conservation efforts.
He joined the Singapore state-owned investor in December 2016 and is currently a senior managing director. He was previously chief executive officer of Hong Kong’s South China Morning Post when it was owned by Malaysian billionaire Robert Kuok.