Malaysia’s KWAP plans major staff buildout
The $30 billion state pension aims to boost its internal expertise in investment and risk management – and outsource more – as it raises its foreign asset exposure.
Malaysian state retirement fund KWAP hopes to double its exposure to overseas investments to 20% of its total portfolio from 10%, following a review of its asset allocation this year.
The RM89 billion ($30 billion) pension has been building its foreign allocation from a very low level. This is leading it to strengthen its investment and operational capabilities, look at bringing in expertise in new areas, such as portfolio hedging, and outsource more to external managers.
“We ar…
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