Sovereign Wealth Funds

Invesco's first dedicated survey of state investors reveals interesting trends in allocation, behaviour and challenges.

A round-up of key themes from the three-day hedge fund conference, as well as a few off-key incidents.

Khazanah hires CIMB deputy CEO, Axa IM expands in Asia, HSBC on hiring spree, Nikko AM bulks out Tokyo office, Old Mutual GI names distribution head, Matthews grows HK headcount.

Gordon Hagart, who spent four years at the Future Fund, is set to join the Australian Council of Superannuation Investors. The Future Fund has already begun to seek his replacement.

In contrast to their Western peers, Asian managers are finding the Chinese market good for returns, while some domestic investors in current regional darling Japan are selling stocks.

Asian pension funds and insurers are looking to expand beyond commercial foreign real estate, which would impact global property markets, says Brookfield Financial.

Sources say the Malaysian sovereign fund wants to boost its exposure to Turkey and to US tech companies, reflecting a growing trend for Asian state investors to put offices overseas.

State Street Global Advisors expects to boost its $400 billion in sovereign assets under management, with Asia a key driver – despite a slowdown in the region's reserve growth.

The Singapore sovereign wealth fund has for the first time given details of its new investment process.

China's sovereign wealth fund bounced back last year after posting negative returns. But it is facing challenges in terms of costs and attracting personnel, says Z-Ben Advisors.

Despite reducing its exposure to hedge funds, the Australian state investor retains a substantial allocation to the asset class – but is especially keen on equities right now.

New chairman reported for CIC, BNY snags BlackRock MD, JP Morgan's head of North Asia exits, Robeco promotes PM and PGI hires Prudential executive.