News

South Korea’s NPS awards four mandates

SeoulSouth Korea’s National Pension Service (NPS) has awarded four local asset managers with a total mandate of 800 billion won ($708 million) to invest in real estate and renewable energy. NPS, the world’s third largest pension fund, has allocated $221.6 million each to IGIS Asset Management (IGIS) and Samsung SRA Asset Management for real estate investments. Meanwhile Shinhan Alternative Investment Management and Samchully Asset Management will receive $133 million each to target domestic renewable energy assets. In October NPS selected State Street to provide back and middle-office outsourcing services, having already used it for back-office services such as custody, fund accounting, performance and analytics, mandate compliance and securities lending services. That same month, the pension fund also appointed Ahn Hyo-jun as its chief investment officer. As of June 2018, the NPS had about $600 billion in total assets under management. Of this, about $200 billion is being invested globally across 68 markets, according to BNY Mellon. ©2018 funds global asia

Executive Interviews

Interview: Asia’s sweet spots

Jul 05, 2019

As the US-China trade war ramps up with a hike in levies, Tai Hui, chief market strategist for Asia-Pacific at JP Morgan Asset Management, tells Romil Patel where he identifies investment value.

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

Roundtables

ESG roundtable: Are the ESG stars aligning across Asia?

Jul 05, 2019

Our panel of experts discusses driving higher ESG asset allocation in Asia, growing calls to address the global climate crisis and the importance of governance. Chaired by Romil Patel in Hong Kong.

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.