Asian pension funds and insurers are looking to expand beyond commercial foreign real estate, which would impact global property markets, says Brookfield Financial.
They are urged to court sovereign wealth funds in frontier markets as established players increase in-house expertise. All the same, SWF volumes have tripled in five years.
Korea Investment Corporation promotes one of its own, Don Lee, its head of alternative investments. He succeeds Scott Kalb, with the appointment effective this week.
Scott Kalb caps his three-year term at Korea Investment Corporation with a $200 million China QFII quota. He can expect to win a good role in Asia if he wants to stay in the region.
The $45 billion sovereign wealth fund surprises the market with a pick from the private sector with ties to Allianz Global Investors, Hana Bank and Korea Exchange Bank.
Four sovereign wealth funds held direct talks in Moscow over their participation in a government-backed Russia investment fund, AsianInvestor has learned.