North American pension funds look to deepen Asia relationships

Public pension funds in the US and Canada are increasingly looking to establish relationships in Asia that can assist them with finding higher-yielding investments. The complexity of markets such as China and the diversity of the region makes it difficult to rely on hands-off investment management, and creates challenges from market timing to market access, says Joseph Dear, CIO of the $220 billion California Public Employees’ Retirement System (Calpers). Dear spoke at the annua…